Colgate-Palmolive

"Colgate-Palmolive's net zero target is to reach net zero carbon emissions across the value chain by 2040. Net Zero Tracker
This includes reducing Scope 1, 2, and partially Scope 3 emissions by 90% against a 2020 baseline. Net Zero Tracker
An interesting fact about their environmental policy is their 2025 Climate Action Strategy, which includes areas such as supply chain engagement, net zero carbon operations, sustainable products & consumers, business resilience, and society & nature. Net Zero Tracker
They also plan to use nature-based carbon removal within their target boundary, recognizing the significant contribution of deforestation and forest degradation to …"

Current Score (vs. LY)

62.7 pts (2.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #31

S&P100: #19

Consumer Staples: #5

100.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

56.7%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

33.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 218,500204,100197,523
Scope 2 - location-based 370,300390,000379,901
Scope 2 - market-based 267,300254,600283,289
Scope 1-2 - location-based 588,800594,100577,424
Scope 1-2 - market-based 485,800 458,700 480,812
Scope 3 40,539,10045,668,64948,680,218
Total - location-based 41,127,90046,262,74949,257,642
Total - market-based 40,880,400 45,998,349 49,016,319

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 42,171,11340,880,400
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Colgate-Palmolive belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 20.0 2018 2025 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 20.0 2020 2025
S1S2MKT 30.0 2018 2025
S3 30.0 2018 2025 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 42.0 2020 2030
S3 42.0 2020 2030
S1S2MKT 50.0 2018 2030
S1S2LOC 90.0 2021 2040 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 50.0 2002 2050

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT PARTLY 2040

Science-based Targets (SBTI)

Date Published / Updated :01/10/2022

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 Targets Set : 1.5°C by 2040 Yes by 2040
Colgate-Palmolive is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target
Worldwide consumer products company Colgate-Palmolive Company commits to reach net_x0002_zero 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. Colgate_x0002_Palmolive 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.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Colgate-Palmolive by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: Nature-based: 'No Deforestation We recognize that deforestation and forest degradation contribute significantly to the release of GHGs.' (p69)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 0.0
Transparency 30.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 1.666666666666667 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 5.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 22.666666666666668 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 10.0 30.0 2.5
Total 62.7 100.0 2.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 5.0 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 10.0 0.0 10.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 6.1
5.0 / 5.0 5.0 0.0 4.2
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 4.0
Actual (in %): -5.9
0.0 / 5.0 0.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 6.1
Actual (in %): -5.9
0.0 / 5.0 0.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.4°C 10.0 / 10.0 7.5 2.5 5.0
Total 62.7 / 100.0 60.2 2.5 64.4


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2018 2018
Source NZPDU Public Yourstake NZPDU Public CDP Public CDP NZPDU Public Public Public NZPDU
Publication Year 2022 2022 2022 2021 2022 2021 2021 2020 2020 2022 2021 2021 2019
Scope 1 218,500 219,000 219,000 204,100 204,000 191,143 191,000 197,523 197,523 198,000 198,000 196,000 196,333
Scope 2 - location-based 370,300 NA 370,300 390,000 NA 386,536 0 379,901 379,901 NA 0 0 410,725
Scope 2 - market-based 267,300 267,000 267,300 254,600 255,000 251,087 251,000 283,289 283,289 283,000 283,000 302,000 301,904
Scope 1-2 - location-based 588,800 219,000 589,300 594,100 204,000 577,679 191,000 577,424 577,424 198,000 198,000 196,000 607,058
Scope 1-2 - market-based 485,800 486,000 486,300 458,700 459,000 442,230 442,000 480,812 480,812 481,000 481,000 498,000 498,237
Scope 3 40,539,100 40,539,000 40,539,000 45,668,649 45,721,000 41,712,112 0 48,680,218 48,680,218 48,680,000 0 0 51,201,730
Total - location-based 41,127,900 40,758,000 41,128,300 46,262,749 45,925,000 42,289,791 191,000 49,257,642 49,257,642 48,878,000 198,000 196,000 51,808,788
Total - market-based 40,880,400 41,025,000 41,025,300 45,998,349 46,180,000 42,020,452 442,000 49,016,319 49,016,319 49,161,000 481,000 498,000 51,570,967

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog