Henkel 2023 Sustainability Report: Regenerative Planet

We strive to achieve a circular economy, a climate-neutral future and the regeneration of nature.

NORTHAMPTON, MA / ACCESSWIRE / May 20, 2024 / Henkel
Originally published in the Henkel 2023 Sustainability Report

We are on a journey toward an environmental transformation of our business model. To achieve this ambition, we intend to transform our processes, products and use of raw materials in the direction of a resource-efficient, climate-neutral future. We are focusing on climate change mitigation measures, a functional circular economy, and the protection of nature and biodiversity.

Climate

Climate change is one of the major global challenges of our time. We are committed to achieving the 1.5-degree target of the Paris Climate Agreement. The risks for society and for our company are significantly lower at a temperature increase of 1.5 degrees Celsius than at 2 degrees Celsius.

We consider climate change to be a factor that intensifies existing risks, but also offers numerous opportunities at the same time. Addressing climate change requires action by all key stakeholders, including policymakers, the private sector, communities and civil society. The CDP rating of A- for our climate commitment demonstrates the strength of our efforts to do our part to help find a solution. This is why we are part of the Alliance of CEO Climate Leaders, a network of business leaders from different industries and regions. This community, led by the World Economic Forum, is committed to accelerating decarbonization and expanding partnerships across global value chains.

Henkel has set science-based emissions reduction targets based on a 1.5-degree pathway for our Scope 1 and 2 targets. To underscore our commitment to being a leader in climate protection, we have included the attainment of our Scope 1 and 2 SBTi targets in the long-term incentive system for the Management Board and our top managers from 2023. We consider climate change and its impacts as part of our sustainability and risk management approach, and also across our entire value chain. It is relevant for us from two perspectives: One is with regard to the potential impact of our business activities on the global greenhouse gas balance, and the other is with regard to the potential impact of climate change on our business activities. We are striving to become a climate-neutral company. This is also increasingly being referred to as a net-zero balance for a company's business activities. This is based on the vision of ensuring that business activities do not contribute to further global warming.