Colgate Palmolive

Colgate-Palmolive, a global consumer products company headquartered in the US, reported a total of approximately 44.6 billion kg CO2e in Scope 1, 2, and 3 emissions for 2024. Of this, Scope 1 emissions were approximately 206,477,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 121,401,000 kg CO2e. Scope 3 emissions accounted for the vast majority, at roughly 40.4 billion kg CO2e, with the use of sold products being the most significant category at approximately 29.4 billion kg CO2e, followed by purchased goods and services at approximately 7.3 billion kg CO2e.

The company has set ambitious climate targets. By 2040, Colgate-Palmolive aims to achieve net-zero greenhouse gas emissions across its entire value chain, referencing a 2020 baseline year. More immediately, they are targeting a 42% reduction in Scope 1 and 2 GHG emissions in operations by 2030, also from a 2020 baseline. Additionally, Colgate-Palmolive has committed to reducing absolute Scope 3 GHG emissions from purchased goods and services by 42% by 2030, again from a 2020 baseline. Further commitments include reducing Scope 1 and 2 GHG emissions by 20% by 2025 against a 2020 baseline, and a 30% reduction in Scope 1 and 2 GHG emissions by 2030 from a 2020 baseline. They also aim to reduce consumer product use emissions by 20% by 2025 compared to a 2016 baseline. In terms of renewable energy, the company aims to increase its annual sourcing of renewable electricity to 100% by 2030, up from 35% in 2020.

Colgate-Palmolive has also pledged to achieve near-zero Scope 1 and Scope 2 emissions by mid-decade and has committed to a 90% absolute reduction in Scope 1, 2, and 3 GHG emissions by 2040, from a 2020 baseline. Their climate commitments are aligned with a 1.5°C trajectory as assessed by the Science Based Targets initiative (SBTi).