GHG Emissions  -  March 10, 2022

Newell Brands Sets 2040 Carbon Neutral Goals

Newell Brands Inc. announced it set 2040 carbon neutral goals which include creating more sustainable products and reducing operational impacts.

The goals were part of the company’s annual 2021 Corporate Citizenship Report, Creating Shared Value. 

“We are delighted to share our 2021 Corporate Citizenship Report and I’m pleased to announce our goal to achieve carbon neutrality by 2040 for all Scope 1 and 2 emissions across our portfolio. This commitment symbolizes a significant step forward in our efforts to do our part to combat climate change,” said Ravi Saligram, Newell Brands President and CEO in a statement. “We dramatically improved employee engagement and continued driving our diversity, inclusion and belonging programs, including making progress on overall representation of people of color in the United States. I applaud our 32,000 employees for embracing corporate citizenship as a key tenet of our culture and making Newell Brands a force for good in the world.”

In 2021, Newell Brands conducted its first materiality assessment and shifted to four corporate focus areas that guide the company’s reporting, including Products, Planet, People and Communities and include the following. 

• Introduced the Innovation Operating Model, a strategy for product innovation that incorporates new tools for sustainable design.
• A Climate Task Force was established and Newell Brands committed to carbon neutrality by 2040 for all Scope 1 and 2 emissions across the global portfolio.
• Piloted an eight-week energy management program across eight sites that resulted in the identification of 6.2 million kWh of excess energy that could be reduced.