Unilever to progress "ambitious" climate transition action plan with shareholder vote

Consumer goods giant Unilever has today announced the intention to put its ‘climate transition action plan’ before shareholders.

The firm is seeking a non-binding advisory vote on the company’s emissions reduction targets and the plans to achieve them.

As part of the action plan, Unilever has outlined new targets including zero emissions from its own operations by 2030 and a 50 per cent reduction in the average footprint of its products by 2030.

These targets are in addition to the firm’s new target announced in June this year - net zero emissions from sourcing to point of sale by 2039.

Alan Jope, Unilever CEO commented: “Climate change is the most pressing issue of our time and we are determined to play a leadership role in accelerating the transition to a zero carbon economy.

“We have a wide ranging and ambitious set of climate commitments - but we know they are only as good as our delivery against them.

“That’s why we will be sharing more detail with our shareholders who are increasingly wanting to understand more about our strategy and plans.

“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.”

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