15th Jun 2020 06:56
(Alliance News) - Anglo-Dutch consumer goods manufacturer Unilever PLC on Monday said it will invest EUR1 billion in a new Climate & Nature Fund.
The Dove soap maker said that the money will be used over the next 10 years to fund projects that restore landscapes, reduce carbon emissions, or reforest and reinstate wildlife habitats.
The FTSE 100-listed company also committed to net zero emissions from all of its products by 2039 - from the sourcing of materials up to the point of sale of products.
Chief Executive Alan Jope said: "While the world is dealing with the devastating effects of the Covid-19 pandemic, and grappling with serious issues of inequality, we can't let ourselves forget that the climate crisis is still a threat to all of us. Climate change, nature degradation, biodiversity decline, water scarcity - all these issues are interconnected, and we must address them all simultaneously."
By Tapan Panchal; [email protected]
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