Engagement case study: Colgate Palmolive – Federated Hermes Limited
Following nearly two years of engagement as the lead for the Climate Action 100+ (CA100+) collaborative engagement with Colgate-Palmolive, the company published its first report aligned with the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations.
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Top Three Successes:
- Colgate-Palmolive published its first report aligned with the TCFD recommendations.
- The report includes climate-related scenario analysis to understand how climate change can impact the company’s business and what types of actions can be taken to avoid climate risks or capture opportunities assessing both physical and transition risks.
- The board has added performance measures to the 2022 annual incentive programme tied to Colgate’s sustainability and diversity, equity and inclusion progress.
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