Climate Change Data

Environmental Metrics

ESG Focus Areas

• Business Governance & Ethics
• Environment
• Sourcing
• Community & Charity

Environmental Achievements

• Reduced water usage by 16%
• Reduced carbon footprint by 9.7%
• Reduced waste by 54%

Social Achievements

• Launched ‘Safety starts with me’ initiative at Tangerang factory, establishing a robust safety culture.
• Continued support for Seashell Trust, transforming lives of children with learning disabilities.
• PZ Wilmar’s training program for university graduates in modern plantation management.
• Carex brand supported Global Handwashing Day, reaching over 200 million people.
• PZ Cussons Nigeria Foundation commissioned projects including building classroom blocks.

Governance Achievements

• 100% traceability to palm oil refinery and 89% traceability to mill achieved.
• Robust procedures to govern supplier selection, engagement, monitoring, and audits implemented.
• All sites accredited or seeking accreditation to OHSAS18001.

Climate Goals & Targets

Environmental Challenges

• Exchange rate volatility, particularly in Nigeria.
• Political and social instability in various operating countries.
• Fluctuating price and availability of raw materials.
• Risk of raw material contamination or product defects.
• IT system dependency and cyber security threats.
• Staff retention and recruitment challenges.
• Complex and changing global tax regulations.
• Impact of Brexit on UK operations.
• Maintaining sustainable business solutions.
• Risk of internal and external fraud.
• Potential challenges in joint venture relationships.
• Public health issues impacting business operations.

Mitigation Strategies

• Group Treasury Policy defines non-speculative approach to managing foreign currency exposures.
• Diverse geographic portfolio to balance risk.
• Rigorous supplier selection process and ongoing audits.
• Multiple suppliers used where possible.
• Best practice procurement strategies.
• Comprehensive product quality processes and controls.
• Robust IT framework encompassing network and data security.
• Attractive employment proposition.
• Group taxation policy and specialist tax consultants.
• Close monitoring of Brexit process and contingency plans.
• Good4Business Committee ensures CSR integration.
• Internal control framework to minimize fraud risk.
• Regular communication with joint venture partners.
• Business continuity procedures for public health incidents.

Supply Chain Management

Responsible Procurement

• Rigorous supplier selection process
• Ongoing audits and performance monitoring
• Multiple suppliers where possible
• Use of SEDEX platform

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CDP

Certifications: OHSAS18001 (most sites)

Sustainable Products & Innovation

• Morning Fresh Ultimate
• Imperial Leather Sweet Treat range
• TOP balsamic glazes
• Haier Thermocool ‘Peace of Mind’ campaign
• Sanctuary Spa Wet Skin Moisture Miracle
• Imperial Leather Body Mist
• Original Source Milks
• St.Tropez Self Tan Bronzing Face Sheet Mask
• Carex Love Hearts
• Being by Sanctuary Spa

Environmental Metrics

ESG Focus Areas

• Plastic reduction
• Palm Oil Promise
• Climate change
• Health & Safety
• Community investment
• Employee wellbeing
• Diversity & Inclusion

Environmental Achievements

• Reduced carbon emissions by 12% (like-for-like, Minerva excluded)
• Reduced water consumption by 18% year-on-year
• Reduced landfill waste by 2% year-on-year
• 100% of palm oil sourced from independently verified, NDPE-compliant producers

Social Achievements

• Launched ‘That’s why we Carex’ program supporting vulnerable groups
• Donated over 500,000 units of Carex hand wash and sanitizer
• Supported Foodbank in Australia
• Nigeria Ladies Market Storm initiative contributing N10.6m (£23,400) in sales

Governance Achievements

• Launched Global Anti-Bribery & Corruption Policy
• Established confidential global whistle-blower hotline
• Completed independent investigation and KPMG controls review

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on revenue and operations
• Challenging economic conditions in Nigeria
• Decline in consumer confidence in some markets
• Increased competition
• Supply chain disruptions

Mitigation Strategies

• Implemented strict cash conservation measures
• Simplified organizational structures
• Increased focus on working capital management
• Diverted resources to meet increased demand for hygiene products
• Developed alternative sourcing strategies
• Implemented new measures aimed at conserving cash

Supply Chain Management

Supplier Audits: Ongoing

Responsible Procurement

• Supplier Code of Conduct
• Palm Oil Promise
• Plastic Promise

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Carbon pricing regulation
• Increased customer focus on sustainability

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Carex Eco Refill System
• Carex refill pouches
• Lightweight bottles for Original Source
• Lighter weight Morning Fresh bottle in Nigeria

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Plastic Pollution
• Inequality
• People
• Environment
• Business Behaviours

Environmental Achievements

• Reduced energy consumption by 15% and emissions by 17% per tonne of production.
• 74.4% of plastic is now recyclable, reusable, or compostable.
• Carex refills saved 625 tonnes of plastic.
• Reduced landfill waste per tonne of production by 22% and absolute amount by 4%.
• Reduced water consumption per tonne of finished product by 25% and absolute consumption by 8%.

Social Achievements

• Launched Workday, a new people management system.
• Refreshed corporate values ('BEST').
• Maintained employee engagement score at 72% and improved wellbeing score to 80%.
• Donated 200,000 units of product to Ukrainian refugees.
• Supported Foodbank Australia and Cussons Baby Cares Campaign in Nigeria.

Governance Achievements

• Established an ESG Committee.
• Appointed a Chief Sustainability Officer.
• Launched a new Code of Ethical Conduct and Supplier Code of Conduct.
• Implemented a third-party risk management tool.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to Covid-19, the war in Ukraine, and Brexit.
• Record levels of inflation across raw materials and logistics.
• Squeeze on household budgets.
• Complexity in Nigerian operations.

Mitigation Strategies

• Reducing costs not valued by consumers (logistics, procurement, overheads).
• Revenue Growth Management (trade investment, product portfolio, pricing, promotions).
• Investing in long-term supply chain efficiency.
• Relocating procurement function.
• Simplifying Nigerian operations (selling properties, consolidating suppliers and distribution centers).
• Consolidating marketing agencies in the UK.

Supply Chain Management

Supplier Audits: Periodic audits, encouragement of third-party rating programs (e.g., SEDEX).

Responsible Procurement

• Supplier Code of Conduct
• Modern Slavery Act Statement
• NDPE commitment for palm oil
• Commitment to 100% certified or recycled paper by 2025.

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Heat stress
• Precipitation stress
• Fire
• Flood
• Windstorm

Transition Risks

• GHG emission pricing
• Regulations on products
• Emissions reporting obligations
• Building code requirements
• Transition to lower emissions technology
• Increased cost of raw materials
• Cost of capital
• Employee risk
• Investment risk

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: GRI, TCFD, B Corp

Certifications: ISO 9001, ISO 45001, ISO 14001 (most sites)

Third-party Assurance: Verco Advisory Services Limited

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 8
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 17

PZ Cussons' initiatives contribute to these goals through product quality and safety, employee wellbeing, sustainable sourcing, carbon reduction, water conservation, and community investment.

Sustainable Products & Innovation

• Carex refills
• Morning Fresh refills and Bottle for Life
• Radiant laundry liquid refill
• Morning Fresh Clean & Green range
• Original Source reusable aluminium bottle and refill pouches
• St. Tropez packaging with PCR resin

Awards & Recognition

• Childs Farm B Corp certification

Environmental Metrics

ESG Focus Areas

• Carbon reduction and neutrality
• Packaging reduction
• Waste reduction
• Water reduction
• Sustainable sourcing (palm oil and paper)
• Health and safety
• Community investment
• Diversity, Equity and Inclusion (DEI)
• Ethical sourcing and supply chain
• Anti-corruption and anti-bribery

Environmental Achievements

• 42.8% reduction in Scopes 1 and 2 carbon emissions compared to 2021 baseline
• 9.2% reduction in virgin plastic compared to 2021 baseline
• 85.6% of packaging is now recyclable, reusable, or compostable
• 69% reduction in overall waste to landfill compared to 2021 baseline
• 16% reduction in water consumption per tonne of finished product compared to 2021 baseline

Social Achievements

• Launched MenoPlex haircare range for perimenopausal and menopausal women
• Carex partnered with The Gruffalo to promote handwashing among children
• Rolled out Charity Partnership Framework across the Group
• Joined the Business for Societal Impact (B4SI) network
• Maintained employee engagement score at 73%

Governance Achievements

• Joined the UN Global Compact
• Implemented Supplier Sustainability Principles
• Conducted annual Code of Ethical Conduct confirmation survey
• Implemented new Diversity, Equity and Inclusion (DEI) strategy

Climate Goals & Targets

Environmental Challenges

• Devaluation of the Nigerian Naira (70% decline against Sterling)
• Changing consumer buying habits
• Challenging macroeconomic conditions in several markets
• Geopolitical instability
• Competition for talent

Mitigation Strategies

• Repatriated approximately £50 million from Nigeria
• Strengthened operations in Nigeria
• Improved route-to-market strategy in Nigeria
• Reduced marketing investment in some brands
• Implemented a new people strategy to attract, grow, and retain talent
• Simplified organizational structure in the UK
• Developed tailored sustainability plans for brands

Supply Chain Management

Supplier Audits: 99.8% of high-value direct suppliers have signed the Supplier Code of Conduct or have an equivalent code.

Responsible Procurement

• Supplier Code of Conduct
• Supplier Sustainability Principles

Climate-Related Risks & Opportunities

Physical Risks

• Extreme heat
• Extreme rainfall
• Heat stress
• Precipitation stress
• Drought stress
• Fire
• Sea level rise
• Flood risk

Transition Risks

• Carbon pricing
• Extended producer responsibility
• Cost of energy

Opportunities

• Energy efficiency

Reporting Standards

Frameworks Used: TCFD, UN Global Compact, CDP

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: Verco (Scopes 1 & 2); EcoAct (Scope 3)

Sustainable Products & Innovation

• Carex refill packs
• Morning Fresh with PCR materials