Unilever offers food, home and personal care products. The company’s portfolio ranges from nutritionally balanced foods to ice creams, soaps, shampoos and household care products. Unilever has four segments: Personal Care, Foods, Home Care and Refreshment. The company operates in more than 190 countries and is present in seven out of ten households globally. 2 billion consumers use Unilever products each day.
Unilever has shown a strong commitment to reducing its environmental impacts while sustaining company growth, recently launching a Sustainable Living Plan that aims to double the size of its business while reducing its environmental impact across the entire value chain. In recent years, the company’s Sustainable Living brands have grown at twice the rate than its other brands, and its European and Australian food businesses achieved 100% certified and traceable palm oil. As the largest tea company in the world, Unilever has reached a landmark by having all its tea sourced from Rainforest Alliance certified estates. The company is also rolling out its Responsible Sourcing Policy, and 170 of the company’s suppliers met self-assessed criteria in a recent year. By 2020, Unilever aims to halve the GHG, water and waste impact across the lifecycle of its products while also sourcing 100% of its agricultural raw materials sustainably. Additionally, the company has 2020 goals to significantly improve its products’ nutritional value while also empowering 5 million women through professional training programs and promotions.
Unilever has been criticized for delays in achieving sustainable palm oil procurement practices. Additionally, the company has been investigated for human rights violations in its supply chain and for polluting North America’s Great Lakes with plastic microbeads from production.
Industry: Consumer Staples
Country: United Kingdom
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.