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RNS Number : 3668H
Unilever PLC
24 March 2020
Helping to protect lives and livelihoods from the Covid-19
pandemic
Unilever contributes more than EUR100m to continue helping
people
affected around the world
London/Rotterdam, 24th March 2020. Unilever, the consumer goods
manufacturer of brands including Dove, Knorr, Omo and Lifebuoy,
today announced a wide-ranging set of measures to support global
and national efforts to tackle the coronavirus (Covid-19)
pandemic.
The company's actions are designed to help protect the lives and
livelihoods of its multiple stakeholders - including its consumers
and communities, its customers and suppliers, and its
workforce.
Consumers and communities
Unilever will contribute EUR100m to help the fight against the
pandemic through donations of soap, sanitiser, bleach and food.
This includes:
-- A product donation of soaps and sanitiser of at least EUR50m
to the COVID Action Platform of the World Economic Forum, which is
supporting global health organisations and agencies with their
response to the emergency. In addition to the supply of soap,
Unilever will adapt its current manufacturing lines to produce
sanitiser for use in hospitals, schools and other institutional
settings.
-- Product donations, partnerships and handwashing education
programmes, delivered through national health authorities and NGOs,
to support local communities most at need.
Customers and suppliers
Unilever will offer EUR500m of cash flow relief to support
livelihoods across its extended value chain, through:
-- Early payment for our most vulnerable small and medium sized
suppliers, to help them with financial liquidity.
-- Extending credit to selected small-scale retail customers
whose business relies on Unilever, to help them manage and protect
jobs.
Workforce
Unilever will protect its workforce from sudden drops in pay, as
a result of market disruption or being unable to perform their
role, for up to three months. We will cover our employees,
contractors and others who we manage or who work on our sites, on a
full or part-time basis. This will apply to workers not already
covered by government plans or by their direct employer.
_________________________________________
Alan Jope, CEO Unilever said: "We are deeply saddened by the
terrible impact that coronavirus is wreaking on lives and
livelihoods everywhere. The world is facing its greatest trial in
decades. We have seen the most incredible response from the
Unilever team so far, especially those on the front line of our
operations in factories, distribution centres and stores.
"We hope that our donation of EUR100m of soap, sanitiser, bleach
and food will make a significant contribution towards protecting
people's lives, and that by helping to safeguard our workers'
incomes and jobs, we are giving some peace of mind during these
uncertain times. Our strong cash flow and balance sheet mean that
we can, and should, give this additional support."
ENDS
Notes to editors
Unilever's EUR100m donation of soap, sanitiser, food and bleach
is based on the equivalent retail sales value.
Media Enquiries
Lucila Zambrano (UK) Fleur van-Bruggen (NL)
+44 7825273767 +31 615 008293
lucila.zambrano@unilever.com fleur-van.bruggen@unilever.com
About Unilever
Unilever is one of the world's leading suppliers of Beauty &
Personal Care, Home Care, and Foods & Refreshment products with
sales in over 190 countries and reaching 2.5 billion consumers a
day. It has 150,000 employees and generated sales of EUR52 billion
in 2019. Over half of the company's footprint is in developing and
emerging markets. Unilever has around 400 brands found in homes all
over the world, including Dove, Knorr, Dirt Is Good, Rexona,
Hellmann's, Lipton, Wall's, Lux, Magnum, Axe, Sunsilk and Surf.
Unilever's Sustainable Living Plan (USLP) underpins the
company's strategy and commits to:
-- Helping more than a billion people take action to improve
their health and well-being by 2020.
-- Halving the environmental impact of our products by 2030.
-- Enhancing the livelihoods of millions of people by 2020.
The USLP creates value by driving growth and trust, eliminating
costs and reducing risks. The company's sustainable living brands
are growing 69% faster than the rest of the business and delivered
75% of the company's growth in 2018.
Since 2010 we have been taking action through the Unilever
Sustainable Living Plan to help more than a billion people improve
their health and well-being, halve our environmental footprint and
enhance the livelihoods of millions of people as we grow our
business. We have already made significant progress and continue to
expand our ambition - most recently committing to ensure 100% of
our plastic packaging is fully reusable, recyclable or compostable
by 2025. While there is still more to do, we are proud to have been
recognised in 2018 as sector leader in the Dow Jones Sustainability
Index and as the top ranked company in the Globescan/SustainAbility
Global Corporate Sustainability Leaders survey, for the
eighth-consecutive year.
For more information about Unilever and its brands, please visit
www.unilever.com .
For more information on the USLP:
www.unilever.com/sustainable-living/
SAFE HARBOUR
This announcement may contain forward-looking statements,
including 'forward-looking statements' within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Words such as 'will', 'aim', 'expects', 'anticipates', 'intends',
'looks', 'believes', 'vision', or the negative of these terms and
other similar expressions of future performance or results, and
their negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and
other factors affecting the Unilever Group (the "Group"). They are
not historical facts, nor are they guarantees of future
performance.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Among other risks and
uncertainties, the material or principal factors which could cause
actual results to differ materially are: Unilever's global brands
not meeting consumer preferences; Unilever's ability to innovate
and remain competitive; Unilever's investment choices in its
portfolio management; the effect of climate change on Unilever's
business; Unilever's ability to find sustainable solutions to its
plastic packaging; significant changes or deterioration in customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain and distribution; increases or
volatility in the cost of raw materials and commodities; the
production of safe and high quality products; secure and reliable
IT infrastructure; execution of acquisitions, divestitures and
business transformation projects; economic, social and political
risks and natural disasters; financial risks; failure to meet high
and ethical standards; and managing regulatory, tax and legal
matters.
These forward-looking statements speak only as of the date of
this announcement. Except as required by any applicable law or
regulation, the Group expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Group's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based.
Further details of potential risks and uncertainties affecting
the Group are described in the Group's filings with the London
Stock Exchange, Euronext Amsterdam and the US Securities and
Exchange Commission, including in the Group's Annual Report on Form
20-F for the year ended 31 December 2019 and the Annual Report and
Accounts 2019.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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