The company’s climate plan is submitted by Unilever to shareholders. According to the company, shareholders increasingly want to know more about Unilever’s climate strategy. The multinational therefore wants their opinion on the ‘ambitious’ plans to reduce CO2 emissions.
With the climate plan, the now British company wants to reduce emissions throughout the company. By 2030, the emissions in business must be eliminated and the products made half cleaner. Last summer Unilever announced a new target, zero emissions in 2039, from source to sale.
The company also hopes to become more transparent and accountable in order to engage in a “stronger” dialogue with shareholders and encourage other companies to take similar steps. President, Alan Jope, calls climate change “the most pressing issue of our time”, and that Unilever is “committed to take a leading role to play in accelerating the transition to a carbon-free economy”.
According to Unilever, this is the first time a multinational has voluntarily submitted climate plans to shareholders to vote on. This will be done in the first quarter of next year, before the general meeting of the shareholders of 5 May 2021. Moreover, the outcome of the vote is not binding. In addition, Unilever wants advice from shareholders every three years.