Unilever to spend €1bn on climate

Unilever has stepped up its commitment to fight climate change and protect the environment. Unilever will now attempt to achieve net-zero emissions from all products by 2039 and empower, and work with, farmers and smallholders, driving programmes to protect and restore forests, soil and biodiversity.

To accelerate these actions Unilever’s brands will collectively be investing €1bn in a new dedicated Climate & Nature Fund. This will be used over the next ten years to take meaningful and decisive action, with projects likely to include landscape restoration, reforestation, carbon sequestration, wildlife protection and water preservation.

The new initiatives will build on the great work that is already underway, such as Ben & Jerry’s initiative to reduce GHG emissions from dairy farms; Seventh Generation advocating for clean energy for all; and Knorr supporting farmers to grow food more sustainably.

Alan Jope, Unilever CEO, explains: “While the world is dealing with the devastating effects of the COVID-19 pandemic, and grappling with serious issues of inequality, we can’t let ourselves forget that the climate crisis is still a threat to all of us. Climate change, nature degradation, biodiversity decline, water scarcity – all these issues are interconnected, and we must address them all simultaneously. In doing so, we must also recognise that the climate crisis is not only an environmental emergency; it also has a terrible impact on lives and livelihoods. We, therefore, have a responsibility to help tackle the crisis: as a business, and through direct action by our brands.”

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