Annual & ESG Report 2023-2024

Preserving Our Environment

We are accelerating action on climate change and reducing our environmental footprint, working with our partners and operations to eliminate waste, decrease plastic usage, save water and conserve natural resources.

 
Actions Material Topics Targets Status
(As of 31st March 2024)
Accelerate Action
on Climate Change

We are taking steps
toward net zero
carbon emissions
across our value chain.1
Energy &
Emission
Management
Net Zero Carbon by 2040. On-track to achieve Net Zero by 2040.
100% renewable
electricity by 2030.
18% of overall electricity is from renewables.
Additionally, technical feasibility study
underway for on-site solar for other
locations along with PPA exploration.
42% reduction in GHG
emissions (Scope 1 & 2)
by 2030 against 2020
baseline.2
On-track to achieve 42% reduction in
GHG emissions (Scope 1 & 2) by 2030
against 2020 baseline.
Lead With Zero Waste
Facility

We are working to operate
high-efficiency, low-impact,
zero waste facilities.
Waste
Management
Maintain TRUE® Certification for
Zero Waste for all Colgate
owned plants.
Upheld TRUE® Certification
for Zero Waste for all
4 industrial sites.
Eliminate Plastic Waste
It is our target to make all of
our packaging recyclable or
reusable or compostable by
2025.
Sustainable
Packaging
100% reusable, recyclable, or
compostable plastic packaging
by 2025.
83% reusable, recyclable
or compostable plastic
packaging achieved.
Continue to achieve 100% of
plastic waste collection under
EPR every year.
Collected ~107% of plastic
waste under EPR.3
Water Stewardship
We are working for water
resilience across our value
chain, protecting ecosystems
and supporting water access.
Water
Stewardship
Net Zero Water at India level by
2025.
3 out of 4 industrial sites
are at Net Zero water
levels.
Drive Sustainable
Sourcing

We are engaging all of our
key suppliers in order to
support our goal to source
sustainably and strive for
deforestation and
conversion free supply
chains, prioritizing palm
and soy.
Responsible
Supply Chain
Allocate 80% of our material
spend in line with our
responsible sourcing guidelines
by 2025.
73% of direct material
spend aligns with our
responsible sourcing
guidelines.
Maintain 95% of contract
manufacturing spend to be
under responsible sourcing.
Achieved 100% of
contract manufacturing
spends under responsible
sourcing.
Continue ensuring social
compliance at 100% of 3PL
warehouse operations through
third-party assessment.
100% of 3PL warehouse
operations compliant as
per third-party
assessment.
1. Excludes Scope 3 optional emissions per SBTi Net Zero Standard | 2. Energy consumed in KWh per tonne of production
3. Extended producer responsibility