Colgate-Palmolive

Household Products

$ 71 0.37

Share price

$ 59 bn

Market Cap

$ 67 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.21x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

Colgate-Palmolive aims to reduce Scope 1 + 2 by 42% by 2030 from a base year 2020

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

Colgate-Palmolive aims to achieve carbon neutrality for all Scopes by 2040

1.5°C

GHG emissions and Carbon intensity

Colgate-Palmolive reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 486 Kt (+27/+5.9% y-o-y). Carbon intensity also remained flat at 28 t.

Colgate-Palmolive's Scope 3 emissions declined to 40,539 Kt (-5,182 /-11.3% y-o-y). This is a higher rate of decline than over the period since 4Q'16 (-4.9% CAGR).

The company is committed to reducing Scope 1 + 2 by 42% by 2030 from a base year 2020, which translates into the estimated reduction of -24 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2040, which translates into the estimated reduction of -2,159 Kt per annum over the period of FY2022 - FY2040. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Colgate-Palmolive aims to achive carbon neutrality across its entire value chain (all Scopes) in 2040. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	486	219	267	40,539	17,421	28
2020Q4	459	204	255	45,721	16,471	28
2019Q4	481	198	283	48,680	15,693	31
2018Q4	498	196	302	48,299	15,544	32
2017Q4	511	195	316	51,570	15,454	33
2016Q4	527	203	324	54,710	15,195	35
2015Q4	592	203	389	54,155	16,034	37
2014Q4	627	209	418	1,256	17,277	36
2002Q4	700	286	414