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Force all businesses to embrace ESG, urges New Labour think tank Demos
Demos says changing company law would add £149bn to the economy. It argues the scheme could boost research and development spending seven-fold. Comes as the ESG movement falters among listed companies. Unilever is among those which took the lead in trumpeting its social stance.
Unilever under fire for selling billions of polluting... Greenpeace found that Unilever is the biggest corporate seller of plastic sachets in the world. The company is predicted to sell 53 billion in 2023, 1,700 per second. Greenpeace is urging the company to phase out single-use plastic.
Reusable packaging could cut emissions from plastics by up to 69% - Study Widespread adoption of returning and reusing plastic packaging could help to cut greenhouse gas emissions by up to 69%, a study has shown. Such schemes not only lower companies' emissions but can also drive down costs for some items, according to the study. Study covered over 60 organisations including national governments and consumer goods companies such as Danone, Nestlé, PepsiCo and Unilever.
Gandhar Oil Refinery IPO price band fixed at ₹160-₹ 169 Gandhar Oil Refinery (India) Ltd. provides white oil to Unilever and P&G to name a few. The IPO comprises a fresh issue aggregating up to ₹302 crore and an Offer for Sale of up to 11,756,910 equity shares.
Gandhar Oil Refinery IPO price band fixed at ₹160-₹ 169 Gandhar Oil Refinery (India) Ltd. provides white oil to Unilever and P&G to name a few. The company intends to use the proceeds of the fresh issue for investment in its unit Texol Lubritech, UAE by way of a loan.
International war sponsor Unilever continues doing business in Russia Unilever, one of the world's leaders on the food and household chemicals market, has decided to continue doing business in Russia. Its 3rd quarter financial report does not contain any action plan for quitting Russia. In July, the National Anti-Corruption Agency of Ukraine added the Unilever conglomerate to the list of international sponsors of the ongoing war.
Unilever investor Lindsell Train says changes mark... Lindsell Train is Unilever's ninth biggest shareholder. It is recognised in the investment community as an influential investor. It rarely speaks publicly about the individual companies it has stakes in.
Navigating The Leadership Blindspot In The Age Of Technology And AI Companies like Unilever, Standard Chartered, and Hewlett-Packard have shifted from traditional job-based approaches to skill-based ones. Investing in leadership development is pivotal for retaining talent and creating success.
Unilever investor Lindsell Train says changes mark fresh approach Lindsell Train is Unilever's ninth biggest shareholder. It is recognised in the investment community as an influential investor. It rarely speaks publicly about the individual companies it has stakes in.
Barry Callebaut adjusts growth targets based on new... Barry Callebaut now expects its volumes to grow by a low to mid single-digit percentage. It had previously forecast mid-term growth of below 5% on average for 2023-2026. The Swiss firm supplies chocolate for Unilever's Magnum ice creams and Nestle's KitKat bars.
Pot Noodle brings back festive flavour - but fans are divided Unilever has brought back the Pot Noel King Pot Christmas Dinner. The limited edition pot promises to taste of gravy and stuffing. It was a festive offering more than a decade ago before being scrapped for 12 years until it hit the shelves again last Christmas. Now it has been spotted back again in Asda.
Unilever to freeze CEO Schumacher's fixed pay for two... Unilever's board with a majority of 58% rejected a resolution to adopt Directors' Remuneration Report. Schumacher, who took up the role in July, will not be eligible for a fixed pay increase in 2024 and 2025.
Unilever (LON:ULVR) Is Reinvesting At Lower Rates Of Return Unilever's (LON:ULVR) return on capital employed (ROCE) is 19%. In absolute terms, that's a satisfactory return, but compared to the Personal Products industry average of 8.6%. The company has been employing more capital without a corresponding improvement in sales in the last year. If you're hunting for a multi-bagger, we think you'd have more luck elsewhere.
Water Stewardship Will Be One Of The Biggest Food Trends In 2024 Water stewardship is set to become one of the top food trends for 2024. The food and agri-business sector is a chief contributor to the problem. Unilever, Nestlé, McDonald's, Danone, and General Mills have already committed their support for regenerative agriculture.
Tweaks won’t suffice: Unilever may need to smash the mould | Mint Schumacher wants to generate better performance from what he has inherited. Successive CEOs have pledged to turbo-charge sales, only to not deliver. The latest leader must be different if Unilever is to continue in its current form.
London's FTSE 100 logs weekly loss as lackluster... The FTSE 100 closed 0.9% lower, with consumer staples like Unilever and Diageo falling more than 2% each. The banks index shed 2.3% and ended the week 5.4% lower. Focus turned to Bank of England's interest rate decision next week.
Unilever’s Sale Of Dollar Shave Club Feels Like A Celebrity Divorce Unilever announced yesterday that it sold control of Dollar Shave Club to private equity group Nexus Capital Management. The whole thing sounds like the arc of a celebrity relationship to me.
City turns its back on ethical investing as geopolitical upheaval removes its shine Unilever's policy change is symbolic of a wider shift in the City. Investors are focusing less on trendy ESG metrics and more on old-fashioned profits.
Unilever to tone down social purpose strategy after ‘virtue-signalling’ backlash Hein Schumacher said for some brands, giving them a social or environmental purpose ‘simply won’t be relevant or it will be an unwelcome distraction’ Unilever shares fell as much as 3.5pc on the announcement.
Deodorants are the big winners of the return to office movement Consumer goods giant Unilever reported strong deodorant sales in the third quarter of 2023. That helped to drive an 8% on-year growth in the company's personal care sector. "Many people didn't use deodorants as much when they were in lockdown and working from home," said the group's finance director.
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