Colgate-Palmolive Continues to Accelerate Action Towards Goal of Net Zero Carbon Emissions
- Colgate's virtual power purchase agreement will provide renewable energy for its operations, aligning with its Net Zero carbon targets. The project is expected to produce 100% of the company's U.S.-based operational electricity needs.
- None.
Virtual Power Purchase Agreement (VPPA) with Scout Clean Energy will produce the equivalent of
This news follows the Company’s announcement in 2022 during Climate Week NYC, when it shared that it was the first large multinational company in the Consumer Durables, Household and Personal Products sector to have its Net Zero Carbon targets approved by The Science Based Targets initiative (SBTi).
“Colgate is committed to making progress towards our ambitious Net Zero goals, and we are pursuing this important priority through innovative and diverse ways that are proven and measurable,” said Ann Tracy, Chief Sustainability Officer. “Renewable energy agreements are a valuable part of our renewable energy master plan and will help us achieve our targets of Net Zero carbon emissions by 2040 and
Colgate has been working to address climate change and disclose greenhouse gas emissions data for over 20 years. Accelerating Action on Climate Change is core to its 2025 Sustainability & Social Impact Strategy. As part of this strategy, the Company continues to construct on-site solar projects for operations globally and, in 2022, completed four new on-site solar installations at Colgate facilities in
Further details about Colgate’s efforts to accelerate action on climate change can be found in its 2023 Climate Transition & Net Zero Action Plan.
The new solar farm is being developed by Scout Clean Energy, a portfolio company of Brookfield Asset Management. 3Degrees advised Colgate on the VPPA agreement.
About Colgate/Palmolive
Colgate-Palmolive Company is a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, we sell our products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of
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Thomas DiPiazza
Colgate-Palmolive Company
Thomas_DiPiazza@colpal.com
Source: Colgate-Palmolive Company