The Clorox Company Named Barron's Most Sustainable U.S. Company

Rhea-AI Summary

The Clorox Company (NYSE: CLX) has been recognized as the top company on Barron's 2023 100 Most Sustainable Companies list, marking its fifth consecutive year in the top 25. Clorox was highlighted for its significant strides in sustainability, diversity, and transparency. The ranking is based on ESG performance analyzed by Calvert Research, considering over 230 indicators related to stakeholders and environmental impact. Key achievements include surpassing GHG reduction targets, achieving 100% renewable electricity in U.S. and Canadian operations, and attaining zero-waste-to-landfill status in many facilities.

Positive

• Ranked #1 on Barron's 2023 100 Most Sustainable Companies list.
• Surpassed goal to reduce absolute scope 1 and 2 GHG emissions by 50% by 2030.
• Achieved 100% renewable electricity for U.S. and Canadian operations.
• Attained zero-waste-to-landfill status in nearly half of its facilities.
• Maintained pay equity across gender and races globally for the past two years.

Negative

• None.

OAKLAND, Calif., March 2, 2023 /PRNewswire/ -- The Clorox Company (NYSE: CLX) has earned the top ranking on Barron's 2023 100 Most Sustainable Companies list — its second time in the top five and fifth consecutive year in the top 25 since the rankings were first released in 2018. Clorox was selected for its continued efforts around sustainability, diversity and transparency.

Clorox ranks #1 on Barron's 2023 Most Sustainable Companies list for its ESG efforts.

"Sustainability is built into the fiber of our purpose to champion people to be well and thrive every single day," said CEO Linda Rendle. "This recognition reflects our unwavering commitment to fully integrate environmental, social and governance performance into our daily business. While we're incredibly proud of this achievement, we still have more work ahead to continue making positive change for our teammates, communities, shareholders and planet."

Released earlier today, the list is compiled by Barron's in collaboration with Calvert Research and Management based on environmental, social and governance (ESG) performance by the 1,000 largest U.S. publicly traded companies by market value. Calvert analyzes how companies perform according to five key constituencies—including shareholders, employees, customers, community, and planet— and determines rankings based on more than 230 ESG performance indicators.

Clorox has made considerable progress toward its ambitious ESG goals across the areas where it can have the greatest impact: Clean World, Healthy Lives and Thriving Communities. Recent highlights include:

• Surpassed science-based target to reduce absolute scope 1 and 2 GHG emissions by 50 percent by 2030, with a longer-term goal to achieve net-zero emissions across scopes 1, 2 and 3 by 2050.
• Reached goal to source 100 percent of its electricity from renewable energy for U.S. and Canadian operations.
• Attained zero-waste-to-landfill status in nearly half of its facilities and more than three-quarters of its plants.
• Reached 84 percent of the company's goal to have 100 percent recyclable, reusable or compostable packaging by 2025.
• Named an Environmental Protection Agency (EPA) 2022 Safer Choice Partner of the Year for the fifth time for the company's manufacturing of products that contain ingredients the EPA has determined are safer for human health and the environment.
• Reached and maintained pay equity commitment —meaning no statistically significant differences in pay— across gender globally and races/ethnicities in the U.S. for the last two years.
• Included in the Bloomberg Gender-Equality Index for the fifth consecutive year, which tracks the performance of public companies committed to transparency in gender-data reporting.
• Sustained diversity in corporate governance, with 50 percent female and 25 percent minority board members.

Clorox CEO Linda Rendle will be a featured speaker at ESG Investing at a Crossroads, a virtual event that is part of the Dow Jones Energy & Sustainability Issue Briefing series, on Thursday, March 16. The live webcast, led by Barron's journalists, will begin at 11:00 a.m. ET (8:00 a.m. PT) and can be accessed on Barron's website. A replay of the webcast will be available following the event.

The full list of Barron's Top Sustainable Companies of 2023 can be found here. To learn more about The Clorox Company's ESG goals and progress, visit: https://www.thecloroxcompany.com/company/ignite-strategy/about-ignite-esg/  

About The Clorox Company
The Clorox Company (NYSE: CLX) champions people to be well and thrive every single day. Its trusted brands, which include Brita®, Burt's Bees®, Clorox®, Fresh Step®, Glad®, Hidden Valley®, Kingsford®, Liquid-Plumr®, Pine-Sol® and Rainbow Light®, can be found in about nine of 10 U.S. homes and internationally with brands such as Ajudin®, Clorinda®, Chux® and Poett®. Headquartered in Oakland, California, since 1913, Clorox was one of the first U.S. companies to integrate ESG into its business reporting, with commitments in three areas: Healthy Lives, Clean World and Thriving Communities. Visit thecloroxcompany.com to learn more.

CLX-C

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-clorox-company-named-barrons-most-sustainable-us-company-301761724.html

SOURCE The Clorox Company

FAQ

What ranking did Clorox achieve on Barron's 2023 sustainable companies list?

Clorox achieved the top ranking on Barron's 2023 100 Most Sustainable Companies list.

What are Clorox's goals for greenhouse gas emissions?

Clorox aims to reduce absolute scope 1 and 2 GHG emissions by 50% by 2030 and achieve net-zero emissions by 2050.

How has Clorox performed in sustainability over the years?

Clorox has been in the top 25 companies for sustainability for five consecutive years and ranked in the top five twice.

What initiatives has Clorox undertaken for renewable energy?

Clorox has achieved 100% renewable electricity for its U.S. and Canadian operations.

What is Clorox's commitment to packaging sustainability?

Clorox aims for 100% of its packaging to be recyclable, reusable, or compostable by 2025.