Edgewell Personal Care Commits to Carbon Neutrality Across its Global Operations by 2030

Rhea-AI Summary

On November 18, 2021, Edgewell Personal Care Company (NYSE: EPC) announced an enhanced climate commitment under its Sustainable Care 2030 strategy. The company aims to cut its absolute greenhouse gas (GHG) emissions by 50% by 2030 compared to 2019 levels, a significant increase from its prior 10% reduction goal. Edgewell also seeks to achieve carbon neutrality across its global operations during the same period. In addition, the company is focusing on sustainable product innovation and reducing waste, with ambitious targets for recycled materials in its packaging.

Positive

• Commitment to reduce GHG emissions by 50% by 2030, compared to 2019 levels.
• Goal of achieving carbon neutrality across global operations by 2030.
• Focus on sustainable product innovation and waste reduction.
• Plans to reduce virgin petroleum-based plastic in products.

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• None.

SHELTON, Conn., Nov. 18, 2021 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced an acceleration of its climate goals as part of its Sustainable Care 2030 strategy. Following leading climate science to align to a 1.5°C pathway, the Company committed to reduce its absolute greenhouse gas (GHG) emissions by 50% by 2030 compared to 2019 levels – more aggressive than its previously stated goal to reduce GHG emissions by 10% compared to 2019 levels. Edgewell's ambition is to go beyond this goal, to achieve carbon neutrality across its global operations (Scope 1 and 2) in the same timeframe.

This initiative builds upon Edgewell's previously stated goal to achieve 100% renewable electricity use and to reduce energy use by 10% across its global operations, part of a strategy that includes key commitments and targets across its brands, operations and supply chain, and workforce and communities.

"Acting sustainably and taking care of our planet must become the new 'business as usual'," said Rod Little, Chief Executive Officer, Edgewell. "World leaders are sending a clear signal that we must all work together to combat the effects of climate change. It is up to businesses like ours to do our part by pledging to operate responsibly and setting achievable science-based carbon targets. We are committed to challenging ourselves further by attaining carbon neutrality by 2030, and I am confident the expertise and passion of our team will enable us to do so."

Beyond its ambitious new carbon goal, Edgewell is also making significant progress on its Sustainable Care 2030 strategy, including in priority areas such as sustainable products and packaging, alternative materials innovation, ingredient stewardship and transparency, regionalized manufacturing and warehousing, responsible sourcing, and embracing diversity, equity, and inclusion across its business and brands, among others.

"While I am excited about all our efforts to drive a more sustainable business, I am especially proud of the many advancements we're making in support of a circular economy," said Amy Knight, Vice President Global Sustainability, Edgewell. "We are committed to innovating and redesigning our products and packaging to use more recycled, renewable and recyclable materials, minimizing usage of materials and reducing waste. Our teams are working relentlessly to ensure we meet our 2030 goals of reducing virgin petroleum-based plastic content by 50% in our disposable razor handles and 25% in our feminine care products and ensuring that 100% of our plastic packaging is recyclable, reusable or compostable."

To view full details of Edgewell's commitments through 2030, please visit: www.edgewell.com/sustainability

About Sustainable Care 2030
Edgewell's Sustainable Care 2030 is the Company's ambitious strategy that will enable it to sustain and grow its business while inspiring a world where the joy of caring for yourself is balanced with caring for our shared planet and society. Unveiled in 2020, Sustainable Care 2030 includes key commitments and targets across its brands, operations and supply chain, and workforce and communities. For more information, visit www.edgewell.com/sustainability.

About Edgewell
Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand names such as Schick® and Wilkinson Sword® men's and women's shaving systems and disposable razors; Edge® and Skintimate® shave preparations; Playtex®, Stayfree®, Carefree® and o.b.® feminine care products; Banana Boat®, Hawaiian Tropic®, Bulldog®, Jack Black® and Cremo® sun and skin care products; and Wet Ones® moist wipes.  The Company has a broad global footprint and operates in more than 50 markets, including the U.S., Canada, Mexico, Germany, Japan, the U.K. and Australia, with approximately 5,800 employees worldwide. 

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SOURCE Edgewell Personal Care Company

FAQ

What is Edgewell Personal Care's new climate goal for 2030?

Edgewell Personal Care aims to reduce its absolute greenhouse gas emissions by 50% by 2030 compared to 2019 levels.

When did Edgewell announce its commitment to carbon neutrality?

Edgewell announced its commitment to carbon neutrality across its global operations by 2030 on November 18, 2021.

What specific initiatives is Edgewell undertaking for sustainability?

Edgewell is focusing on sustainable products, reducing waste, and using more recycled materials in packaging as part of its Sustainable Care 2030 strategy.

How does Edgewell plan to support a circular economy?

Edgewell plans to redesign products and packaging to include more recycled materials, aiming to significantly reduce virgin petroleum-based plastics.

What other environmental commitments has Edgewell made?

Edgewell has committed to achieving 100% renewable electricity use and reducing energy use by 10% across its global operations.