ESG Poster Child Unilever Waters Down Green Pledges [BNN Bloomberg (Canada)]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
Company Research
Source: BNN Bloomberg
from investors, consumers and politicians against companies pursuing non-financial objectives. The move by Hein Schumacher, Unilever's chief executive officer, marks a major shift for the £95 billion ($118 billion) consumer group — home to brands ranging from Hellmann's mayonnaise to Domestos bleach — which has built its business strategy on a bedrock of ESG policies for more than a decade. Seen as the corporate world's biggest cheerleader for the idea that companies should do good in the world, the downgrading of some commitments will be watched closely by other businesses under shareholder pressure to reduce costs and boost stock market performance. Unilever, one of the world's biggest users of plastic packaging, had previously committed to halve its use of virgin plastics by 2025. That target will now be one-third by 2026 — the difference accounting for more than 100,000 tons of fresh plastic annually. A commitment to pay all its direct suppliers a living wage by 2030 will be r
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News
- Fed holds rates as it warns fight against inflation has hit a bump [Yahoo! Finance]Yahoo! Finance
- Unilever Holders Back ESG Rowback as Protesters Disrupt Meeting [BNN Bloomberg (Canada)]BNN Bloomberg
- Buoyed By Beauty And Wellbeing Sales, Unilever Is Leaning Into Its $2 Billion Wellness Group [Forbes]Forbes
- Unilever PLC (NYSE: UL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Unilever Q1 2024 Trading Update: Prepare For A Change [Seeking Alpha]Seeking Alpha
UL
Sec Filings
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/25/24 - Form 6-K
- UL's page on the SEC website