Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and the Companies from the FMCG, retail, packaging, and food service sectors account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from Fossil Fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.
Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.
Procter & Gamble Co (P&G) is a manufacturer and marketer of fast-moving consumer goods. The major brands under the company include Head & Shoulders, Tide, Ariel, Olay, Pantene, Pampers, Gillette, and others. It has a market capitalization of $296 billion as of October 2022. The total GHG emissions (Scope 1 & 2) of P&G in 2021 were 2.4 million tonnes of CO2 equivalents (MtCO2eq), a decrease of 8.6% from 2020. P&G aims to reduce Scope 1 and 2 by 50% (against the 2010 baseline) and it has achieved 56% by June 2021.
Unilever Plc (Unilever) is a manufacturer and supplier of fast-moving consumer goods. The company's product portfolio comprises food, beauty, and personal care products. It markets products under brands Bango, Ben & Jerry’s, Knorr, Magnum, Axe, Dove, Lux, Rexona, Sunsilk, and Vaseline. It has a market capitalization of $111 billion as of October 2022. Total GHG emissions (Scope 1 & 2) of Unilever in 2021 were 0.71 MtCO2eq, an increase of 1% from 2020. The FMCG company aims to halve the GHG impact of its products by 2030.
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