Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and the companies from the consumer sector including FMCG, retail, packaging, food, and beverages account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from Fossil Fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.
Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.
Colgate-Palmolive Co (Colgate-Palmolive) manufactures and sells oral care, personal care, home care, and pet nutrition products. Its product portfolio includes toothpaste, toothbrushes, deodorants, shampoos, conditioners, dishwashing detergents, household cleaners, shower gels, mouthwashes, bar and liquid soaps, laundry products, and pet nutrition products for cats and dogs.
Total GHG emissions of Colgate-Palmolive in 2021 were 41 million tonnes of CO2 equivalents, a decrease of 11% from 2020. Colgate-Palmolive has set a target to achieve net zero emissions across its value chain by 2040 in line to limit global warming to 1.5 degrees Celsius.
GHG emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 includes direct GHG emissions from stationary fuel combustion and refrigerant gases. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 involves all other indirect GHG emissions in Colgate-Palmolive’s value chain.
In 2021, Colgate-Palmolive’s Scope 1 emissions were 219 thousand tonnes of CO2eq increased by 7% over 2020, and Scope 2 emissions were 267 thousand tonnes of CO2eq increased by 5% over 2020. Colgate-Palmolive’s Scope 3 emissions were 40,539 thousand tonnes of CO2eq in 2021.
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