As we head into 2018, Colgate will continue to care for the well-being of people and their families, be a steward for the planet and its resources and do business with the highest level of integrity.
Colgate People all around the world take pride in our Company and the business, social and environmental performance we deliver each year. They care about the future of our Company, the communities we serve, and the planet we share.
At the heart of our efforts are our commitments to our shared global values, ethical behavior, and ambitious sustainability goals that touch most everything we do. Our focus remains on five global sustainability commitments:
- Helping Colgate People and Their Families Live Better
- Contributing to the Communities Where We Live and Work
- Delighting Consumers and Sustaining Our World With Our Brands
- Making Every Drop of Water Count
- Reducing Our Impact on Climate and the Environment
This report details our current progress and our commitments to future progress. I am especially pleased to highlight developments in these three critical areas:
Water Conservation Colgate is uniquely positioned to lead in water conservation: Water is intrinsic to our products and how they are used. Conserving water reflects our value of Caring for people and the planet, as our brands, found in more households than any other in the world, are trusted by billions of people. So we have both an extraordinary opportunity – and a clear duty – to help preserve this vital resource. Momentum is building around our #EveryDropCounts campaign, and this year we will reach people in 70+ countries with engaging messages to turn off the tap when brushing.
Palm Oil We recognize our responsibility to work with industry groups, suppliers, governments and others to ensure we source palm oil and its derivatives in ways that do not damage the environment or exploit workers. Our goal is to reach 100 percent sustainable palm oil which we expect to achieve in 2018. This year we also expect to disclose 100 percent of the mills that supply us directly from our four largest palm oil suppliers, which together account for more than 80 percent of our purchases. Looking ahead, we will extend this program to additional suppliers as we work toward our goal of full disclosure and traceability.
Plastic Packaging Plastics can contribute to environmental concerns, including pollution of the world’s oceans. We are committed to reducing our use of plastic in our packaging, using more recycled plastic, and increasing the recyclability of our plastic packaging. We have made significant progress, including reducing our use of PVC plastics – 98 percent of our packaging is free of this hard-to-recycle plastic. Now we have raised the bar with a new commitment: 100 percent recyclability of the plastic we use in our packaging across all categories by 2025.
I am grateful to all the Colgate People who contribute to our sustainability success year after year, as well as to the suppliers and other partners we work with to achieve our goals. Our progress is being recognized; including placement on the CDP Water A List and CDP Climate A List, making Colgate-Palmolive the highest ranked U.S. based company in our industry.
Together, we are Building a Future to Smile About
Chairman, President and Chief Executive Officer