Colgate-Palmolive Continues to Accelerate Action Towards Goal of Net Zero Carbon Emissions
15 Setembro 2023 - 11:00AM
Business Wire
Virtual Power Purchase Agreement (VPPA) with
Scout Clean Energy will produce the equivalent of 100% of the
Company’s electricity needs for operations in the U.S.
In conjunction with Climate Week NYC, Colgate-Palmolive today
announced it has signed a 20-year virtual power purchase agreement
(VPPA) for a solar energy farm outside of Waco, Texas. The new
209-megawatt Markum Solar Farm will be a long-term source of clean,
renewable energy in the United States. With start-up anticipated in
2025, the project is expected to produce the equivalent of 100% of
the Company’s U.S.-based operational electricity needs.
This news follows the Company’s announcement in 2022 during
Climate Week NYC, when it shared that it was the first large
multinational company in the Consumer Durables, Household and
Personal Products sector to have its Net Zero Carbon targets
approved by The Science Based Targets initiative (SBTi).
“Colgate is committed to making progress towards our ambitious
Net Zero goals, and we are pursuing this important priority through
innovative and diverse ways that are proven and measurable,” said
Ann Tracy, Chief Sustainability Officer. “Renewable energy
agreements are a valuable part of our renewable energy master plan
and will help us achieve our targets of Net Zero carbon emissions
by 2040 and 100% renewable electricity across our global operations
by 2030.”
Colgate has been working to address climate change and disclose
greenhouse gas emissions data for over 20 years. Accelerating
Action on Climate Change is core to its 2025 Sustainability &
Social Impact Strategy. As part of this strategy, the Company
continues to construct on-site solar projects for operations
globally and, in 2022, completed four new on-site solar
installations at Colgate facilities in Turkey, South Africa,
Argentina, and Brazil, bringing the total number of locations with
on-site solar to 17. As of December 31, 2022, approximately 52% of
Colgate’s global electricity consumption was sourced from renewable
energy.
Further details about Colgate’s efforts to accelerate action on
climate change can be found in its 2023 Climate Transition &
Net Zero Action Plan.
The new solar farm is being developed by Scout Clean Energy, a
portfolio company of Brookfield Asset Management. 3Degrees advised
Colgate on the VPPA agreement.
About Colgate/Palmolive
Colgate-Palmolive Company is a caring, innovative growth company
that is reimagining a healthier future for all people, their pets
and our planet. Focused on Oral Care, Personal Care, Home Care and
Pet Nutrition, we sell our products in more than 200 countries and
territories under brands such as Colgate, Palmolive, elmex, hello,
meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring,
PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion,
Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and
Hill’s Prescription Diet. We are recognized for our leadership and
innovation in promoting sustainability and community wellbeing,
including our achievements in decreasing plastic waste and
promoting recyclability, saving water, conserving natural resources
and improving children’s oral health through the Colgate Bright
Smiles, Bright Futures program, which has reached more than 1.6
billion children since 1991. For more information about Colgate’s
global business and how we are building a future to smile about,
visit www.colgatepalmolive.com. CL-C
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Press Thomas DiPiazza Colgate-Palmolive Company
Thomas_DiPiazza@colpal.com
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