UnileverI.

Key finding · Strong disclosure, but with a credibility gap

• Unilever clears more bars than anyone else in this dataset. European law mandates its climate disclosures. Third parties verify its targets. It earned the only score of zero in this dataset on one indicator because EU reporting requirements made that checkpoint redundant.

  • However, its own report admitted a problem that it doesn’t have a solution for.

• Unilever discloses a scaling and innovation gap meaning 22% of the Scope 3 reductions it publicly committed to have no identified solution. No technology, strategy, or plan. There’s just a quiet admission in a document most consumers will never open.

• Scope 3 emissions cover everything moving through Unilever's supply chain being the farms growing its ingredients, the factories processing them, the packaging ending up in landfill. That supply chain runs through approximately 400 brands sold in 190 countries. Unilever set a target across all of it, then disclosed it cannot account for a fifth of what hitting that target would actually require.

• The ECTF calls that a credibility gap, simply because sophisticated disclosure and honest disclosure are not the same thing.