UNILEVER PLC
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Mar 13, 2025
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Contents
Forest-risk commodities
The GHG emissions from the production of our key forest-risk commodities (i.e.
palm oil, paper and board, tea, soy and cocoa) arise from land use change (e.g.
deforestation), agricultural practices and downstream processing. In 2024, we
set a goal to maintain a 95% deforestation-free supply chain of these
commodities in 2024.
Palm oil is the most material forest-risk commodity in our supply chain. To
address this, we enrolled over 20 independent palm oil mills and tier two
suppliers into our sustainability programme in 2024. We are making progress on
our Good Palm strategy, which enrols new suppliers into our programme,
including those we partner with to remediate past deforestation. We have
mapped the locations of over 32,000 smallholder farms and are active in three
palm oil smallholder development hubs with SNV, Widya Erti Indonesia (WEI)
and the World Resources Institute (WRI). To drive improvements in the
processing of forest-risk commodities and lower GHG emissions in the future,
336 palm oil mills in our supply chain now have methane capture in place.
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