Unilever Caribbean Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainable living
- Sustainable business
- Employee well-being
- Community investment
Environmental Achievements
- Improved Gross Margin due to favorable material and freight cost improvements
- Breeze Lavender: an innovation launched in 2023 using 100% natural cleaning particles derived from limestone
Social Achievements
- Continued support for Mt. D'Or Primary School, including graduation celebration and Christmas party sponsorship
- Various initiatives to promote employee appreciation and well-being
- Customer Development team attended innovative hands-on training
Governance Achievements
- Strengthened Board composition and performance
- Reinforced loyalty and independence of the Board
- Improved corporate governance processes and culture
- Consistently applied the framework for effective governance aligned with Unilever’s Corporate Governance
Climate Goals & Targets
Environmental Challenges
- Difficult market conditions impacting domestic and export markets
- 20.1% revenue decline versus 2022
- Significant competition in the Solution Wash market
- Delayed normalization of shipping rates
- Major shifts in consumer trends
- Challenges with sourcing and distribution in the ice cream business
Mitigation Strategies
- Widespread cost optimization measures resulting in $7.7 million savings and improved operating margin
- Passing freight savings on to consumers through price reductions
- Focusing on growing more profitable segments (Beauty and Personal Care)
- Leveraging Unilever’s global best practices to improve planning and execution
- Focus on digital transformation to improve efficiency
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: KPMG
Sustainable Products & Innovation
- Breeze Lavender