This week’s Newday spotlight is Kimberly-Clark Company (NYSE:KMB). The company, which was founded in 1872, produces a wide variety of paper-based products. Kimberly-Clark recently published a set of goals for its 150th anniversary, setting a wide range of targets across energy efficiency, material use, social impact, and supply chain management. Here are some of the ways Kimberly-Clark is achieving their sustainability goals.
Energy and Climate
Kimberly-Clark has a wide range of programs in place designed to reduce their greenhouse gas emissions. In 2017 the company announced two wind power purchase agreements which combine to produce 1 million MWh of renewable energy in Texas and Oklahoma. These projects will allow the company to reduce its emissions by up to 550,000 tons annually. Additionally, the company has launched 174 energy conservation projects since 2017, which seek to measure and minimize energy input to their manufacturing processes.
Forests and Fiber
As a producer of paper-based products, it is critical for Kimberly-Clark to minimize its material use. Another part of the company’s environmental protection effort is focused on protecting forests, conserving biodiversity, and expanding responsible sourcing policies. The company has set a goal of a 50% reduction in the environmental footprint of their tissue products, which they plan to achieve by increasing their use of environmentally-preferred fiber to 90% of those products. The company is working with the Consumer Goods Forum to achieve zero net deforestation by 2020, and has been recognized by Greenpeace and the World Wildlife Fund as a leader in this area.
Kimberly-Clark also works to improve their supply chain, specifically focusing on water security in water-stressed regions, as well as improving the social compliance of their suppliers. Kimberly-Clark conducts water risk screenings and watershed analyses of 12 key water-stressed locations in which they operate, gathering important data which has led to a savings of 2 million cubic meters of water, representing a 30% decrease since 2010. The company has launched localized freshwater measurement programs to improve their engagement at the local community level, which allows the company to identify appropriate supportive steps in water-stressed regions.
Kimberly-Clark has set a 2022 goal to improve the well-being of 25 million people in need, by focusing on social and community investments in sanitation, education, and empowerment of women and girls. To achieve these goals the company donated over 86,000 employee volunteer hours in 2017 alone, and also gave over $96 million in product donations since 2010.