Clorox Company - CLX STOCK NEWS

Climate Week 2024 brought a renewed focus on action and urgency in sustainability. Key takeaways include:

1. ESG reality check: Organizations are shifting from aspirational commitments to holistic action plans for achieving net zero, with a focus on decarbonization and solid transition plans.

2. Breaking silos: Cross-departmental collaboration is important for mitigating risk and unlocking value. ESG reporting now incorporates cost avoidance, risk mitigation, and long-term value creation.

3. Clorox's approach: The company has embedded ESG into its IGNITE strategy, focusing on resource efficiency, reputation management, and regulatory compliance to identify risks and opportunities beyond traditional financial metrics.

This shift in focus demonstrates a move towards more practical, actionable sustainability strategies across industries.

The Clorox Change Makers initiative highlights employees who champion diversity, inclusion, and allyship. This installment features Federico Medeiro, a talent acquisition manager in Buenos Aires, Argentina. Federico was nominated by Marisa Tunas, a global talent acquisition director, for his ability to navigate different cultures and mitigate bias in hiring decisions.

Federico's allyship has made a significant impact by embracing diversity and guiding managers in making inclusive hiring choices across challenging markets. He emphasizes the importance of IDEA (Inclusion, Diversity, Equity, and Allyship) in strengthening teams and fostering a sense of belonging. Federico's approach to allyship involves understanding the unique needs of each region and supporting teammates and candidates worldwide.

Clorox aims to build a workplace where every person feels respected, valued, and able to fully participate in the company community. They strive to lead by example and continuously improve their inclusion and diversity efforts.

Clorox has been named a 2024 Safer Choice Partner of the Year by the U.S. Environmental Protection Agency for the seventh consecutive year. This recognition highlights Clorox's commitment to manufacturing products with safer ingredients for families, pets, workplaces, communities, and the environment. The company's certified products, including four in the Clorox EcoClean line and two in the Clorox Free & Clear line, display the Safer Choice or Design for the Environment labels.

Clorox's approach to product stewardship involves:

• Integrating environmental, social, and governance (ESG) goals into their IGNITE strategy
• Focusing on ingredient transparency and advocacy
• Developing more efficient and sustainable packaging solutions
• Collaborating with external partners to drive innovation in safer chemistries
• Participating in initiatives like the Chemical Footprint Project to benchmark and improve efforts

The company aims to reduce the chemical footprint of its cleaning products and is on track to improve its Chemical Footprint Project score for its domestic cleaning portfolio by 35% by 2025.

The Clorox Company (NYSE: CLX) has been named a 2024 Safer Choice Partner of the Year by the Environmental Protection Agency (EPA) for the seventh time. This award recognizes Clorox's outstanding achievement in manufacturing products with ingredients designated as safer for families, pets, workplaces, communities, and the environment.

Several U.S. Clorox products carry the EPA's Safer Choice or Design for the Environment labels, including Clorox® Free and Clear products and the CloroxPro® EcoClean product line. These labels indicate that the ingredients have met rigorous human and environmental health criteria.

This recognition aligns with Clorox's commitment to ingredient transparency and advocacy, which are critical elements of the company's ESG goals embedded in its corporate IGNITE strategy. The award supports Clorox's efforts to enhance consumer confidence through certification programs and builds upon its longstanding product stewardship initiatives.

The Clorox Company (NYSE: CLX) has announced a quarterly dividend of $1.22 per share on its common stock. This dividend will be payable on November 7, 2024, to shareholders of record as of the close of business on October 23, 2024. The announcement, made on September 17, 2024, underscores Clorox's commitment to providing value to its shareholders through regular dividend payments and annual dividend increases. This practice reflects the company's long-standing tradition of maintaining a consistent dividend policy, which can be seen as a positive sign for investors looking for stable income from their investments.

The Clorox Company (NYSE: CLX) has completed the divestiture of its Better Health Vitamins, Minerals and Supplements (VMS) business to an affiliate of Piping Rock Health Products, The transaction includes the Natural Vitality, NeoCell, Rainbow Light, and RenewLife brands, along with associated trademarks, licenses, and manufacturing facilities in Sunrise, Florida.

This strategic move aligns with Clorox's commitment to evolve its portfolio, aiming to reduce volatility, accelerate sales growth, and improve margins. The company's goal is to drive more consistent and profitable growth over time through this portfolio optimization.

Clorox (CLX) has partnered with Convoy of Hope to support communities affected by natural disasters across the U.S. The company has donated over 200 truckloads of products in 2024, including more than 21,000 items such as Pine-Sol, Clorox bleach, wipes, Kingsford charcoal, and Hidden Valley Ranch dressing. These donations have been distributed to areas recovering from hurricanes, wildfires, floods, and tornadoes in various states.

The initiative aligns with Clorox's IGNITE strategy, which aims to deliver purpose-driven growth that maximizes economic profit while making a positive impact. By providing essential cleaning supplies and cooking products to communities in need, Clorox is reinforcing its commitment to social responsibility and disaster relief efforts.

The Clorox Company Foundation is supporting Equal Justice Works fellow Darby Aono-Shek at UnCommon Law, an Oakland-based organization fighting for incarcerated people's rights in California's parole system. UnCommon Law provides trauma-informed legal counseling to help prepare safe pathways home from prison and challenges illegal parole denials.

Aono-Shek's fellowship focuses on helping older incarcerated individuals, many of whom are Black and Latinx, challenge illegal parole denials. Her work includes direct representation and developing a comprehensive guide for filing habeas petitions without an attorney. This initiative aims to empower more incarcerated people to hold the parole board accountable, especially those who can't afford legal representation.

Clorox's Pine-Sol brand has introduced a new, more concentrated line of multisurface cleaners, aligning with the company's IGNITE strategy and environmental goals. The reformulated product offers twice the cleaning power in every drop, requiring smaller bottles and reducing plastic usage by 40-50%. The new bottles are made with a minimum of 50% post-consumer recycled plastic, contributing to Clorox's 2025 sustainability goals.

This innovation supports Clorox's aim to achieve a 50% combined reduction in virgin plastic and fiber packaging by 2030. The concentrated formula maintains Pine-Sol's effectiveness while reducing water content, potentially decreasing the brand's shipping footprint. This move demonstrates Clorox's commitment to sustainability without compromising product quality or consumer value.