Climate Change Data

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