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In a first, consumer goods giant Unilever Plc (LON:ULVR) has decided to let the company’s shareholders in the UK vote on its climate transition plans.
- The company has already vowed to fully eliminate CO2 emissions from its own operations by 2030. The company’s products are all set to produce net-zero emissions by 2039.
- Unilever’s plan will involve decarbonising its raw materials, moving to renewable energy and removing deforestation.
- The company has said that it will keep updating its climate plan on a rolling basis and will hold advisory votes every three years.
- The Unilever chief executive, Alan Jope, emphasising on the climate change called it the most pressing issue of the time. He added that though CO2 emission disclosures are asked by from large companies by the investors but more clarity on Unilever’s climate plans were being increasingly sought by the investors.
- Jope further added that the company’s plan would require it to decarbonise its raw materials, move to renewable energy and abolishing deforestation.
- The shareholders of the company are expected to vote on the climate transition plan next May.
- Since past some time, the public pressure has increased on companies to reduce carbon emission viz-a-viz become transparent in disclosing about their climate change goals.
