CBI member Unilever recently announced that it is sourcing more than a third of its agricultural raw materials sustainably, having made significant progress towards its target of 100% by 2020.
With 36% now sourced sustainably, Unilever has exceeded the interim milestone of 30% it set for itself in 2010 when launching the Unilever Sustainable Living Plan. The improvement was made against a backdrop of the company reporting annual sales of €51 billion in 2012.
Taken together, they represent significant milestones on the way to realising Unilever's vision of doubling the size of its business whilst reducing its environmental footprint and improving its positive social impact.
As an example of Unilever's progress in sustainable sourcing, the company is working towards its new commitment to 100% certified sustainable palm oil, which is traceable back to the plantations on which it is grown.
In 2012, Unilever joined key players in industry and government for the China Sustainable Palm Oil Supply Chain Forum for talks on promoting faster uptake in China, the world's second-largest consumer of palm oil.
Marc Engel, Chief Procurement Officer, said, "Climate change, water scarcity, unsustainable farming practices, and rising populations all threaten agricultural supplies and food security. Half of the raw materials Unilever buys are from the farming and forestry industries, so ensuring a secure supply
of these materials is a major business issue. However, sustainable sourcing is not only about managing business risks, it also presents an opportunity for growth, allowing brands to stand out in the marketplace."
Please click here to read the full press release by Unilever.
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