Climate Transition – Unilever Leads; Colgate and P&G Lag
This analysis of three leading consumer goods companies with a combined market cap of USD 538 billion reveals a systematic failure to tackle upstream Scope 3 emissions effectively and allows investors to compare company climate transition plans and identify best practices for alignment with 1.5ºC by 2030. Planet Tracker calls on these companies and other industry peers to prioritise the reduction of upstream Scope 3 emissions, given the substantial economic and market risks associated with inaction.
Related Content
| Image | Title | Summary | Date |
|---|---|---|---|
 | The Challenges of a Credible Transition Pathway and How to Deliver It | Many CEOs have released climate change targets, some of which aim to be 1.5°C aligned by 2030 and/or net zero by 2050. More recently, nature transition plans are being developed with a goal of becoming nature positive. Investors and lenders need to understand how these pathways will be achieved and calculate the appropriate risks and opportunities against a fluid policy and regulatory backdrop. | 7 June 2024 |
 | Unilever – A Pivotal Moment | Unilever recently revised its ESG targets. Of its original 27 goals, at first glance it looks as though 10 were dropped. But closer scrutiny reveals some objectives are new and others have become divisional. In this paper, Planet Tracker explains why this is not a cause for despondency and demonstrates that if a corporate’s sustainability goals are adjusted, they should be scrutinised and judged on their own merits. | 29 May 2024 |
 | Unilever’s 2024 Climate Transition Update | Unilever’s 2024 Climate Transition Action Plan (CTAP) aims for alignment with global climate targets, focusing on the 1.5°C pathway of the Paris Agreement. | 3 April 2024 |
 | Colgate’s climate disclosures show a positive change | In corporate sustainability, ongoing dialogue and continuous improvement are integral to fostering positive change. In the spirit of transparency and collaboration, in this update we revisit our assessment of Colgate-Palmolive’s (CL) climate transition plan, taking into account the valuable disclosures made by the company in response to our previous report. | 5 February 2024 |
 | Walmart Climate Transition Analysis | Walmart is expected to align with a 2°C pathway by 2030 when historic operating emissions are considered. Walmart’s transition plan displays a mix of strengths and limitations, according to Planet Tracker’s analysis. While engaging extensively with suppliers and advocating for climate policies, its transition efforts are hindered by a substantial rise in Scope 3 emissions and thus an overall increase in total emissions. | 2 November 2023 |
 | Procter & Gamble (PG:US) – Climate Transition Analysis | Procter & Gamble’s emissions are projected to follow a business-as-usual (BAU) trajectory, resulting in a +3°C warming scenario by 2030. The primary reason for not meeting the emissions level recommended by the Science-Based Targets Initiative (SBTi) for a 1.5°C alignment is P&G’s failure to address upstream Scope 3 emissions. While P&G’s Climate Transition Plan (CTP) outlines various initiatives to reduce its environmental impact, the absence of investment disclosure regarding mitigation activities creates uncertainties regarding the company’s ambition. | 6 July 2023 |
 | Colgate-Palmolive Co (CL:US) – Climate Transition Analysis | Colgate-Palmolive’s emissions are on a pathway seven times higher than the level recommended by the Science-Based Targets initiative (SBTi), aligning with a +3ºC warming scenario by 2030. | 8 June 2023 |
 | Unilever PLC – Climate Transition Analysis | Unilever on a 2oC trajectory by 2030 with key challenges linked to Scope 3 emissions | 18 May 2023 |
 | PepsiCo Inc. (PEP:US) – Climate Transition Analysis | PepsiCo’s transition plan fails to align the company with its goal of a 1.5°C pathway by 2030 | 1 March 2023 |
 | The Coca-Cola Company (KO:US) Climate Transition Analysis | Coca-Cola close to climate progress but still missing the 1.5°C mark. | 15 December 2022 |
 | Danone S.A. (BN:FP) Climate Transition Analysis | Danone is on track for 1.5° warming scenario by 2030, finds Planet Tracker. | 16 November 2022 |
 | Nestlé S.A. (NESN:SW) Climate Transition Analysis | New research examines the limitations of Nestlé’s strategy for achieving Net-Zero, forecasting an emissions scenario of +2°C by 2030 if changes are not urgently actioned. | 26 July 2022 |
