Colgate's net zero targets approved by SBTi

Colgate-Palmolive Company has announced that its net zero emissions reduction targets have been approved by the Science Based Targets initiative (SBTi).

The targets are part of the company's efforts to accelerate action on climate change through its science-based near-term, long-term and net zero 2040 emissions commitments across its operations and supply chain.

The SBTi Target Validation Team has determined that Colgate’s targets are in line with the Paris Agreement’s objective of limiting global warming to 1.5°C and the SBTi’s 1.5°C mitigation pathways for reaching net zero by 2050 or sooner.

Colgate-Palmolive has made the following commitments:

• Reduce scope 1 and scope 2 GHG emissions by 42% by 2030.
• Increase annual sourcing of renewable electricity from 35% in 2020 to 100% by 2030.
• Reduce scope 3 GHG emissions from purchased goods and services by 42% by 2030.
• Reach net zero GHG emissions across the value chain by 2040.

Focused on oral care, personal care, home care and pet nutrition, Colgate-Palmolive Company sells its products in over 200 countries and territories under brands including Colgate, Palmolive and Sanex.

Ann Tracy, Chief Sustainability Officer at Colgate-Palmolive, said: “At Colgate, we are acting with purpose to reimagine a healthier future for all people, their pets and our planet – and we have established a robust organisation-wide commitment to ambitious, science-based emission reduction targets.

"Earning this designation from the SBTi, which is considered the global gold-standard for evaluating and approving climate targets, reflects Colgate’s commitment to making a meaningful impact for the environment and for the communities we serve around the world.”