Unilever races to net zero with €1bn climate change investment

The funding will be used to support reforestation, carbon sequestration, wildlife protection and water preservation projects

Festival Net Zero 2021

Unilever has set out new climate commitments including a €1 billion (£900m) green investment and net zero emissions target for all its products by 2039.

The new ‘Climate and Nature Fund’ will be used to support reforestation, carbon sequestration, wildlife protection and water preservation projects.

Having already committed to halving the greenhouse gas (GHG) footprint of its brands across the value chain by 2030, the multinational corporation has also pledged to reach net zero emissions from all its products nine years later.

To achieve this result, the firm plans to set up a system for its suppliers to declare on each invoice, the carbon footprint of the goods and services provided.

Alan Jope, Unilever CEO, said: “Climate change, nature degradation, biodiversity decline, water scarcity, all these issues are interconnected and we must address them all simultaneously.

“In doing so, we must also recognise that the climate crisis is not only an environmental emergency. It also has a terrible impact on lives and livelihoods. We, therefore, have a responsibility to help tackle the crisis: as a business, and through direct action by our brands.”

Latest Podcast