Colgate Palmolive

Colgate-Palmolive's Carbon Emissions and Climate Commitments

For the reporting year 2024, Colgate-Palmolive reported a total of approximately 41.8 billion kg CO2e in emissions. This figure is composed of Scope 1 emissions totalling around 206.5 million kg CO2e, and Scope 2 emissions (market-based) at approximately 121.4 million kg CO2e. The vast majority of their emissions, approximately 40.4 billion kg CO2e, fall under Scope 3. Within Scope 3, the use of sold products accounted for the largest share at about 29.4 billion kg CO2e, followed by purchased goods and services at approximately 7.3 billion kg CO2e.

In 2023, the company's total emissions were approximately 41.9 billion kg CO2e, with Scope 1 emissions around 218 million kg CO2e and Scope 2 (market-based) at about 181 million kg CO2e. Their Scope 3 emissions for that year were approximately 41.7 billion kg CO2e.

Colgate-Palmolive has set ambitious climate targets, aiming to achieve net-zero greenhouse gas emissions across its value chain by 2040, using a 2020 baseline. To support this long-term goal, they have established several near-term and mid-term objectives. These include a commitment to reduce absolute Scope 1 and 2 GHG emissions in operations by 42% by 2030, also from a 2020 baseline. Furthermore, the company aims to increase its annual sourcing of renewable electricity from 35% in 2020 to 100% by 2030. For Scope 3 emissions, Colgate-Palmolive has committed to a 42% reduction in emissions from purchased goods and services by 2030, against their 2020 baseline.

The company is also working towards a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2040, compared to their 2020 baseline, as part of their commitment to the Science Based Targets initiative (SBTi). They also aim to reduce Scope 1 and 2 GHG emissions in global operations by 30% by 2025 and 50% by 2030, against a 2018 baseline. In line with this, there is a commitment to reduce consumer product use emissions by 20% by 2025, based on a 2016 baseline.

Colgate-Palmolive is a signatory to the Climate Pledge, underscoring their commitment to achieving net-zero carbon emissions by 2040.