Unilever's Sustainable Brands Grow 43% Faster Than Rest Of Business
Unilever has announced that its most sustainable brands grew 43% faster than the rest of the business, and it accounted for 70% of the groups turnover growth.
This is the fourth consecutive year of growth for Unilever’s sustainable living brands.
The Anglo-Dutch consumer goods giant now has 26 sustainable living brands, including some of its top brands such as Dove, Lipton, Ben & Jerry’s, Hellmann’s and Knorr.
Sustainable Living Plan
Unilever launched the Unilever Sustainable Living Plan (USLP) in 2010, which aimed to separate environmental impact from its company growth.
Unilever states it is on track to meet around 80% of its commitments, which include improving health and wellbeing for 1 billion people, reducing environmental impact by half and enhancing livelihoods for its millions of employees, suppliers and retailers.
Paul Polman, Unilever CEO said: “Ever since we launched the USLP in 2010 we have reported openly on our progress. We have made great strides in meeting many of the ambitious targets we set ourselves and the fact that our sustainable living brands are continuing to deliver growth shows that this is a business model that works.
“We also want to be transparent about how much more there is still to do. This is critical because transparency is what gives our business its most important asset – trust. At a time when there is a crisis of trust in many institutions across the world, there has never been a more important time for business to play a leading role in restoring it.”
Unilever recently reported first-quarter sales figures that met expectations, helped mainly by increases in the volume of products sold, and maintained its full-year outlook.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.