Unilever pledges to invest 1 billion Euros in environmental projects over the next decade

15.06.2020 - Davydova Maria
Unilever pledges to invest 1 billion Euros in environmental projects over the next decade

Consumer goods giant Unilever Plc. (ULVR.L) stated on Monday that it would invest 1 billion Euros in a new Climate & Nature fund and achieve net-zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the 2050 Paris Agreement.

The Anglo-Dutch consumer products company said that the fund would be used over the next ten years to take meaningful action with projects likely to include landscape restoration, reforestation, carbon sequestration, wildlife protection, and water preservation.

“We are now going much wider in our commitments, we call it a cradle to shelf commitment…across the value chain,” Unilever’s Chief Supply Chain Officer Marc Engel stated.

Unilever’s Chief Executive Officer Alan Jope said in an interview that while the world was rightly focused on the devastating coronavirus outbreak and severe inequality issues raised by the Black Lives Matter protests, the climate emergency should not be overlooked. He also added that climate change is still a threat to all of the people in the world.

Unilever aims to have no carbon emissions from its operations and to halve the greenhouse gas footprint of its products by 2030. According to the data on its website, Unilever’s total greenhouse gas footprint reached 60 Million tonnes of carbon dioxide in 2019.


Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?