Climate Action: a Unilever Briefing for Investors

Climate Action

Thomas Lingard

Global Climate & Environment Director

A world in climate crisis

Historic warming

Warming projections

Carbon Dioxide (ppm)

						200
															Baseline
															4.1-4.8°C
450				2019 average	e/year2	150
				(409.8 ppm)
400					GtCO
350		Highest previous concentration		emissions
		(300 ppm)				100
300
				gas
Warm period													Current policies
(interglacial)				greenhouse										2.8-3.2 °C
250
						50
200					Global
	(glacial)													2.5-2.8 °C
150	Ice age													Pledges & targets
						0
100															1.5oC consistent
800,000	600,000	400,000	200,000	0
										1.3 °C
		Years before present				1990	2000	2010	2020	2030	2040	2050	2060	2070	2080	2090	2100

Source: NOAA Climate, Climate Action Tracker

The need for climate action

Likely impacts worsen significantly above 1.5˚C

Climate system		Natural systems		Human systems

"Without additional mitigation efforts beyond those in place today, and even with adaptation, warming by the end of the 21st

century will lead to high to very high risk of severe, widespread and irreversible impacts globally (high confidence). […] Substantial cuts in GHG emissions over the next few decades can substantially reduce risks of climate change by limiting warming in the second half of the 21st century and beyond." UN IPCC AR5 SPM 3.2

Source: IPCC

Unilever's climate action model

Influencing

wider society

Strategic

integration

Value chain

Operations

Governance and reporting

Climate action: our operations

Zero emissions from our operations by 2030

Performance

• 100% renewable grid electricity achieved in January 2020
• 24 zero emissions sites
• CO2 emissions from energy from factories 65% below 2008 levels

Activation

Internal carbon	Renewable power
pricing	contracts

HFC refrigerant	Renewable heat
phase out

Climate action: our value chain

Halve the GHG per consumer use of our products across the

lifecycle by 2030

Raw											Consumer
materials												use	Disposal
24%	1%3%5%	66%	1%

Climate action: our value chain

Net zero emissions from sourcing to point of sale for all our products by 2039

Decarbonisation strategy		Carbon credit strategy

Climate action: strategic integration

Future-fit products			Relevant consumer claims

Innovation and reformulation		Brand climate partnerships

Climate action: influencing wider society (1/2)

International climate advocacy

National and regional climate policy engagement

Issue specific

Climate action: influencing wider society (2/2)

Consumers and		Trade associations		Disclosure
customers

Climate action: summary

Sustainability is embedded within our business

Consumer and other stakeholder agenda continues to accelerate

Huge challenges remain to be solved, with many lessons to learn

Partnerships are key to driving the transformational change that is needed

Climate Action

Thomas Lingard

Global Climate & Environment Director