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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Unilever PLC    ULVR   GB00B10RZP78

UNILEVER PLC

(ULVR)
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Unilever : Reaches 100% Renewable Grid Electricity in Five Continents

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09/16/2019 | 04:42am EDT

By Dieter Holger

Unilever PLC (ULVR.LN) said Monday that it now uses 100% renewable grid electricity across five continents as it works to achieving carbon neutrality by 2030.

Renewable grid electricity powers the British-Dutch consumer goods giant's factories, offices, research and development sites, data centers, warehouses and distribution centers in Africa, Asia, Europe, South America and North America, Unilever said.

"We know that when businesses make these commitments, they send important market signals which support the development of the renewables industry," said Marc Engel, chief supply chain officer at Unilever.

Unilever said it achieved the goal by supporting local renewable energy providers and buying certificates linked to clean energy generation, called Renewable Energy Certificates or RECs. Corporate power purchase agreements--known as PPAs--and green electricity tariffs supplied 38% of the electricity.

The program hasn't resulted in any net-on-net costs because savings from mechanisms such as "PPAs have counterbalanced additional costs," Unilever said.

Since 2008, the company has slashed its total energy consumption by 28% and halved emissions per metric ton of goods produced as it added on-site solar power, Unilever said.

Looking ahead, Unilever's next challenge is to directly source all of its energy from renewables by 2030, Mr. Engel said. He said the first step is improving energy efficiency for heating, adding that the company is also exploring so-called zero-carbon fuels such as biomass, biogas and hydrogen.

Biomass boilers are already in use at many facilities while others are at early stages of development, Mr. Engel said.

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

Stocks mentioned in the article
ChangeLast1st jan.
UNILEVER N.V. -0.62% 53.07 Delayed Quote.12.66%
UNILEVER PLC -1.65% 4568.5 Delayed Quote.13.06%
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Financials (EUR)
Sales 2019 52 325 M
EBIT 2019 9 945 M
Net income 2019 6 203 M
Debt 2019 21 460 M
Yield 2019 2,77%
P/E ratio 2019 25,8x
P/E ratio 2020 22,9x
EV / Sales2019 3,48x
EV / Sales2020 3,33x
Capitalization 160 B
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 50,00  €
Last Close Price 53,12  €
Spread / Highest target 6,74%
Spread / Average Target -5,87%
Spread / Lowest Target -26,6%
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Managers
NameTitle
Alan Jope Chief Executive Officer & Executive Director
Marijn E. Dekkers Chairman
Nitin Paranjpe Chief Operating Officer
Graeme David Pitkethly Chief Financial Officer & Executive Director
Richard Slater Chief Research & Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
UNILEVER PLC13.06%154 651
PROCTER & GAMBLE COMPANY30.60%300 441
UNILEVER N.V.12.66%154 651
ESTÉE LAUDER COMPANIES (THE)48.22%69 635
HINDUSTAN UNILEVER LTD12.05%61 216
COLGATE-PALMOLIVE COMPANY16.62%59 554