Kenvue’s inaugural Activity Pressure on Local weather-Associated Monetary Disclosures (TCFD) report marks a big step in its local weather motion technique. The report offers insights into how the corporate is addressing climate-related dangers and alternatives whereas advancing sustainability targets underneath its Wholesome Lives Mission.
“Local weather change is considered one of 9 precedence subjects inside our Wholesome Lives Mission environmental, social, and governance technique,” Pamela Gill-Alabaster, World Head of ESG and Sustainability at Kenvue, advised CosmeticsDesign.
“The TCFD report offers helpful data for our stakeholders to higher perceive how Kenvue can reply – and is responding – to local weather change,” she added.
Lowering greenhouse fuel emissions
Kenvue has made notable progress in lowering its greenhouse fuel (GHG) emissions, reducing Scope 1 and a couple of emissions by roughly 26% since 2020. The corporate has dedicated to lowering these emissions by 42% by 2030, with methods centered on renewable electrical energy, power effectivity, and decarbonization initiatives.
“Sourcing renewable electrical energy has been a key driver,” Gill-Alabaster defined. “As of December 31, 2023, renewable electrical energy coated roughly 65% of our electrical energy utilization, supported by 18 onsite solar-powered techniques in 12 nations and a number of renewable power procurement agreements.”
Progress in renewable electrical energy
Kenvue’s transition to renewable power is central to its sustainability efforts. New onsite photo voltaic installations in places resembling Sezanne, France, and Mandra, Greece, contributed 1.75 MW and 0.186 MW of renewable power, respectively, in 2024.
Moreover, offsite renewable electrical energy agreements, together with digital energy buy agreements (VPPAs) and direct energy buy agreements (PPAs), have expanded the corporate’s renewable power footprint globally.
“All these steps are serving to us advance progress towards the objective of 100% of our electrical energy use in operations derived from renewable sources by 2030,” Gill-Alabaster mentioned.
Addressing Scope 3 emissions
With Scope 3 emissions representing roughly 90% of Kenvue’s whole emissions, the corporate has prioritized provider engagement to realize its local weather targets. Bought items and companies account for 71% of those emissions, whereas upstream transportation and distribution contribute 15%.
“To advance our transition towards internet zero, we have to assist our price chain companions set and obtain their very own science-based local weather targets,” Gill-Alabaster said. “As of December 31, 2023, 21% of our suppliers, by emissions, had science-based targets, with a objective to achieve 75% by 2028.”
Improvements in sustainable packaging
In packaging, Kenvue has made strides towards sustainability, with 71% of its portfolio now that includes recycle-ready or refillable designs. The corporate now incorporates design-for-recycling pointers knowledgeable by the Client Items Discussion board Golden Design Guidelines and Ellen MacArthur Basis into its product growth processes.
“We’re pleased with the progress that we’ve made in advancing our packaging to be extra user-friendly and higher for the planet,” Gill-Alabaster famous. “One space we’ll proceed to prioritize for innovation is refillable packaging, as client acceptance grows and usefulness and environmental advantages are demonstrated.”
Linking human and environmental well being
Kenvue’s dedication to sustainability extends past its operations to its product design and growth, emphasizing the connection between human and environmental well being. The corporate makes use of instruments like its patent-pending Sustainable Innovation Profiler to guage new merchandise towards its Wholesome Lives Mission commitments.
“Human well being is inseparably linked to environmental well being,” Gill-Alabaster defined. “Our merchandise are our alternative to not solely drive more healthy lives but additionally a more healthy planet.”
Wanting forward, Kenvue is integrating local weather issues throughout its operations, provide chain, and product design to construct resilience and tackle climate-related dangers, resembling rising uncooked materials prices and potential carbon pricing.
“By creating modern product designs that require fewer supplies, figuring out different supplies, and optimizing provide chain effectivity, we are able to higher handle prices and navigate value volatility,” Gill-Alabaster concluded. “Concurrently, we’re exploring climate-related alternatives as a part of our enterprise technique.”
These developments spotlight actionable methods for producers and suppliers to cut back emissions, optimize provide chains, and innovate packaging designs that resonate with environmentally acutely aware customers. By aligning with the broader business shift towards sustainability, stakeholders can improve their market competitiveness, tackle regulatory calls for, and meet the growing expectations of each clients and end-users for greener, extra accountable merchandise.
