![]() ![]() To further understand the key themes and technologies disrupting the consumer industry, access GlobalData’s latest thematic research report on ESG in Consumer Goods. It has also reduced the amount of water used in plant and distribution centres by 49%. So far, five of L’Oréal’s factories are ‘waterloop factories’, meaning all the industrial water is retreated, recycled, and reused. All L’Oréal’s strategic suppliers will also focus on water sustainability in the areas where they operate. ![]() For instance, by 2030, the company aims to have 100% of the water used in its industrial processes be recycled and reused in a loop. The company has set ambitious environmental targets on managing water sustainability across the supply chain. L’Oréal is an environmental leader in the ESG theme. Nestlé has also committed to providing 100% recycled plastic in its packaging and is making good progress towards those goals 88% of total packaging and 62% of plastic packaging is recyclable or reusable. In terms of progress so far: 50% of renewable electricity is used in factories, 33 factories use biomass as a fuel source, and it has reduced 28% of scope 1 emissions per ton of product in manufacturing. Additionally, the company also has multiple initiatives under the planet impact area. Nestlé has also championed diversity, and 43% of Nestlé managers are women. This included a child labour monitoring and remediation system, which has positively impacted 127,550 children, with over 86,000 currently being monitored. For example, Nestlé has created the Nestlé Cocoa Plan to create a responsible cocoa supply chain. The communities impact area focuses on the social aspect of ESG, enhancing livelihoods and diversity. The individual and families impact area supports nutritious choices. Nestlé’s 36 ESG commitments cover three main areas: individuals and families, communities, and the planet. ![]() Nestlé is an ESG leader, achieving the sustainability targets it sets and reporting transparently with statistical evidence on the targets that are still in progress. Understanding how companies are positioned and ranked in the most important themes can be a key leading indicator of their future earnings potential and relative competitive position.Īccording to GlobalData’s thematic research report, ESG in Consumer Goods, leading ESG adopters include: Unilever, PepsiCo, Nestle, Loreal, P&G, Kellogg’s and General Mills. However, not all companies are equal when it comes to their capabilities and investments in the key themes that matter most to their industry. Being behind in one ESG area will taint brand image and influence consumer decisions, despite progress in other areas. Companies must excel across all three aspects of ESG. In 2022, stakeholders are becoming more conscious of ESG, and companies taking significant action now will be rewarded in the long term. Some CEOs have been reluctant to embrace sustainability principles because of the age-old view that it may hurt profits. ESG will have a meaningful impact on all leading sellers of consumer goods for the next ten years. The future of the consumer goods industry will be shaped by a range of disruptive themes, with environmental, social, and governance (ESG) being the most important theme in 2022. ![]()
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