Unilever’s CEO, Hein Schumacher, talked about how the company has for years “put sustainability firmly at the heart of our business strategy” and how the focus must change to accelerate delivery of sustainability and with greater impact, “by making sustainability progress integral to business performance”. Its new strategy aims to make the company “more focused in allocating our resources towards our biggest sustainability priorities”; “more urgent in driving actions towards our long-term ambitions’; and “more systemic in our advocacy to address the enablers and blockers of progress outside of our direct control”. The four main areas of focus are climate, nature, plastics and livelihoods. Schumacher says that long-term commitments remain fundamental, but “we also need to ensure we deliver now”, and Unilever is “short-terming” its approach, "hard-wiring” the necessary steps “into the strategic cycles that most companies plan around”. He added that the company is reinforcing its focus on opportunities that “largely depend on global value chain transformations, technological innovations, and public policies to make them possible and affordable”. And it aims to use its voice more forcefully. An important part of this is leading the demand for a global plastics treaty that “sets binding rules, targets and standards on packaging redesign, reuse/refill models, extended producer responsibility (EPR), waste processing, and the elimination of avoidable plastics”.
[Image Credit: © Unilever]