12/14/2020, 8:45 AM (Source: TeleTrader)
more TeleTrader news

Unilever to put climate plan to shareholder vote

Unilever announced on Monday that it will be putting its climate transition action plan to a non-binding advisory vote among shareholders and added it is the first major global company to do so. The plan will be published before Unilever's annual general meeting in May.

The consumer goods company stressed that its climate plan includes targeting zero emissions from its own operations and a 50% reduction in the average carbon footprint its products make by 2030. Meanwhile, Unilever stressed it is also planning to achieve net zero emissions for sourcing to point of sale by 2039.

"We welcome this increased transparency and in the plan we present, we will be clear both about the areas in our direct control where we have a high degree of certainty of our route to net zero, as well as more challenging areas across our value chain where systemic solutions will be required to achieve our targets," CEO Alan Jope said.

Breaking the News / VP