Climate Change Data

Environmental Metrics

Social Achievements

• Project Fuel, an enterprise-wide initiative to transform the company’s business and cost structure, resulting in approximately $137 million in cost savings through fiscal 2019.

Climate Goals & Targets

Environmental Challenges

• Intense competition in mature markets.
• Loss of principal customers.
• Increasing retailer concentration and negotiating pressures.
• Inability to execute a successful e-commerce strategy.
• Risks associated with achieving cost savings.
• Changes in production costs (raw materials, tariffs).
• Dependence on third-party manufacturers.
• Loss of brand reputation.
• Inability to anticipate and respond to consumer trends.
• Increasing global regulation (product and environmental).
• Product liability and claims.
• Inability to protect intellectual property rights.
• Inability to attract, retain, and develop key personnel.
• Risks related to international operations (currency fluctuations, political instability).
• Legislative changes in tax laws.
• Inability to complete strategic acquisitions.
• Risks related to information technology systems and cybersecurity.
• Impairment of goodwill and intangible assets.
• Disruption from events beyond control (natural disasters, supply chain disruptions).
• Limited access to capital markets.
• Seasonal volatility.
• High level of indebtedness and debt covenants.
• Impact of Brexit.
• Potential losses related to pension plans.

Mitigation Strategies

• Project Fuel initiatives to streamline operations and product offerings, resulting in cost savings and improved profitability.
• Increased investment in Jack Black and Bulldog brands, leading to share gains and revenue growth.
• Establishment of e-commerce operations.
• Hedging strategies to mitigate currency exchange rate effects.
• Business interruption insurance.
• Rigorous process for new product development and evaluation.
• Compliance with environmental laws and regulations.
• Product liability insurance.
• Maintenance of proprietary trademarks and brand names.
• Efforts to attract, retain, and develop key personnel.
• Hedging strategies to mitigate currency exchange rate effects.
• Business continuity plans to address IT system failures and cybersecurity threats.
• Periodic evaluation of long-lived assets for impairment.
• Mitigation of inflation effects through pricing actions, cost reductions, and productivity improvements.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainable products and packaging
• Innovating with alternative materials
• Ingredients stewardship and transparency
• Ethical and responsible sourcing
• Diversity and inclusion
• Employee well-being
• Community investment
• Energy use and emissions
• Waste management
• Water use

Environmental Achievements

• Conducted first global greenhouse gas inventory aligned with the Greenhouse Gas Protocol corporate standards and submitted first carbon impact report to CDP Global
• Launched a U.S. razor recycling initiative
• Accelerated efforts on product sustainability with a focus on shave and sun care, and made meaningful advancements in sustainable packaging across our brand portfolio
• Expanded ingredient transparency to publicly share our Fragrance Safety Principles and Product Safety Principles

Social Achievements

• Formalized Diversity, Equity and Inclusion (DEI) program
• CEO joined CEO Action for Diversity & Inclusion™
• Joined the Board Diversity Action Alliance
• Appointed a Director of DEI
• Launched Teammate Resource Groups focused on increasing representation of and building an inclusive culture for women and multicultural employees
• Over 90% of employees that are Directors and above attended training in mitigating bias in hiring and performance evaluations

Governance Achievements

• Enhanced ethical and responsible sourcing program and expanded supplier sustainability engagement efforts
• Implemented Project Fuel, a multi-year initiative to fund growth transformation and margin expansion, generating $68 million in gross savings in FY21 and $280 million cumulatively

Climate Goals & Targets

Environmental Challenges

• COVID-19 restrictions
• Ongoing cost headwinds
• Supply chain issues
• Macroeconomic conditions

Mitigation Strategies

• Aggressive set of objectives and launched a new growth strategy
• Meaningful investments in brands and products, new innovation, product launches, and increased digital engagement
• Project Fuel savings combined with improved revenue and overhead cost management helped mitigate tremendous inflationary pressures

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct sets forth our Company’s basic expectations for environmental, labor, supplier working conditions and ethical practices

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Xtreme3 Beauty ECO-GREEN razor (95% recyclable handle, >90% recycled paper packaging)
• Bulldog glass razor (at least 70% recycled glass)
• Hawaiian Tropic® Tinted Face Mineral Skin Nourishing Milk (vegan, 100% mineral active)
• Banana Boat® Mineral Foam for children (100% mineral active ingredients)

Awards & Recognition

• Named to ‘America’s Most Responsible Companies’ list for 2022 by Newsweek

Environmental Metrics

ESG Focus Areas

• Sustainable Products and Packaging
• Ingredient Stewardship and Transparency
• Ethical and Responsible Sourcing
• Climate Change
• Human Rights
• Human Capital Management
• Diversity, Equity & Inclusion

Environmental Achievements

• Reduced operational waste by 22% from FY19 baseline, exceeding our goal ahead of schedule
• 14% reduction in GHG emissions (scope 1 and 2) from FY19 baseline
• 45% of our manufacturing facilities hold zero-waste-to-landfill status
• 100% of palm oil used in products is certified sustainable either directly sourced or through credits
• Wilkinson Sword Quattro Essential 4 Sensitive razor launched in Europe with razor blade designed to last up to 15 shaves and made with over 70% upcycled steel and a razor handle made with 60% recycled plastic
• WETONES plant-based antibacterial hand wipes launched in the U.S. made with soft, plant-derived fiber

Social Achievements

• Achieved 0.48 world-class injury rate, Edgewell's safest year on record
• 73,000+ teammate recognition moments since 2021 through our InspireJOY platform
• 29 of our global facilities implemented teammate wellness programs
• Partnered with Afro-Latina Visual Artist and Author, Reyna Noriega, to unveil a Schick® Intuition® Sensitive Care® limited-edition razor

Governance Achievements

• Adopted an executive compensation clawback policy
• Refined the Company’s director stock ownership guidelines and implemented a formal executive officer board service policy

Climate Goals & Targets

Environmental Challenges

• Significant macroeconomic challenges including a global pandemic, supply chain disruption, once-in-a-generation levels of cost inflation, currency headwinds

Mitigation Strategies

• Focused on controlling the controllables: further driving costs out of the business, executing with precision and investing with discipline
• Fundamentally reshaped our leadership team and organization. Strengthened critical capabilities in areas like digital, brand building, and retail execution

Supply Chain Management

Supplier Audits: Risk-based approach to audit suppliers for ongoing compliance

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Sustainable Products & Innovation

• WETONES plant-based antibacterial hand wipes
• Wilkinson Sword Quattro Essential 4 Sensitive razor

Awards & Recognition

• Newsweek’s America’s Most Responsible Companies (#19 of 600, #3 amongst 48 Consumer Goods companies)
• USA Today’s Climate Leaders in America

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Equality and Inclusion
• Human Rights
• Ethical and Responsible Sourcing
• Community Impact

Environmental Achievements

• E-Delivery initiative eliminated 8,393 sets of proxy materials, saving 7,239 pounds of paper, 65,100 pounds of CO2 equivalent, 14 tons of wood (equivalent of 87 trees), and 77,400 gallons of water.

Social Achievements

• Ranked #2 out of 400 companies on Forbes’ list of America’s Best Midsize Employers for 2024.
• Recognized as one of America’s Most Responsible Companies by Newsweek and Statista for the 5th year running.
• Banana Boat brand recognized by Fast Company for sea turtle conservation project.
• Recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Diversity.

Governance Achievements

• Welcomed Stephanie Stahl to the Board.
• Continued formal oversight of the development, implementation, and effectiveness of the Company’s policies and strategies related to sustainability goals, human rights and responsible sourcing, community impact efforts, and ESG impact on corporate reputation.

Climate Goals & Targets

Environmental Challenges

• Cautious consumer spending in the U.S.
• Moderating but persistent inflation
• Volatile currency environment
• Heightened competitive landscape

Mitigation Strategies

• Productivity and pricing initiatives
• Strengthened leadership team and operating model
• Streamlined decision-making and improved enterprise execution
• Focus on execution across the organization

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Awards & Recognition

• Forbes America’s Best Midsize Employers
• Fast Company’s World Changing Ideas
• USA Today’s America’s Climate Leaders
• Newsweek’s America’s Greatest Workplaces for Diversity
• U.S. EPA 2024 SMARTWAY® Excellence Award