Colgate-Palmolive

Colgate-Palmolive reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 486 Kt (+27/+5.9% y-o-y). Carbon intensity also remained flat at 28 t.

Colgate-Palmolive's Scope 3 emissions declined to 40,539 Kt (-5,182 /-11.3% y-o-y). This is a higher rate of decline than over the period since 4Q'16 (-4.9% CAGR).

The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2018, which translates into the estimated reduction of -34 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Colgate-Palmolive also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Worldwide consumer products company Colgate-Palmolive Company commits to reach netzero greenhouse gas emissions across the value chain by 2040 from a 2020 base year. Near-Term Targets Colgate-Palmolive Company commits to reduce absolute scope 1 and scope 2 GHG emissions 42% by 2030 from a 2020 base year. Colgate-Palmolive Company also commits to increase annual sourcing of renewable electricity from 35% in 2020 to 100% by 2030. ColgatePalmolive Company also commits to reduce absolute scope 3 GHG emissions from purchased goods and services 42% by 2030 from a 2020 base year. Long-Term Targets Colgate-Palmolive Company commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2040 from a 2020 base year.