Reckitt Partners with Cambridge Center for Risk Studies as it Advances Carbon Neutrality Commitments
CAMBRIDGE, England, June 9, 2021 / PRNewswire / – Reckitt today announces its strategic partnership with the Cambridge Center for Risk Studies (CCRS) as it advances its sustainability ambitions.
The partnership advances Reckitt’s continued commitment to meet the Paris Agreement and its ambition to be carbon neutral by 2040 while ensuring long-term growth and shareholder value. Its climate change management strategy includes actions across the entire footprint of its organization.
CCT is working with Reckitt to support its climate change activity with analyzes, including:
A detailed assessment of cutting-edge climate science to test and inform activity under changing extreme weather conditions, and different transition risk scenarios, including regulatory changes and consumer sentiment trends.
Strengthen Reckitt’s financial quantification of these impacts, mapping Reckitt’s global business activities and the potential consequences of future changes.
Analysis of the potential ways to evolve the company to achieve its objectives for the Paris Agreement and net zero ambitions.
Reckitt is the official hygiene partner for COP26, and plays its role in the fight against climate change by setting scientific targets to achieve net zero emissions. In june 2020, Reckitt is committed to accelerating the implementation of the Paris Agreement on climate change and the RE100, with the goal of achieving 100% renewable electricity in all its operations by 2030 as part of the an ambition to be carbon neutral by 2040.
David Croft, Global Chief Sustainability Officer, Reckitt, said:
“We selected Cambridge due to its experienced, comprehensive and science-based approach to assess and address climate-related risks, opportunities and parameters. Our partnership accelerates our integration of climate-related risks and opportunities into our existing governance, strategy, risk management and reporting framework. “
Dr. Andrew Coburn, Chief Scientist, Cambridge Center for Risk Studies, said:
“Reckitt’s approach to identifying and managing climate risks will support and strengthen their mitigation and adaptation activities, reporting and disclosures to investors. Our scientific quantitative frameworks aim to provide greater transparency between companies and their key stakeholder groups.
Dr. Andrew Coburn, Chief Scientist at the Cambridge Center for Risk Studies
David Croft, Global Director of Sustainability, Reckitt
NOTES TO EDITORS:
Reckitt * exists to protect, care for and nourish in the relentless pursuit of a cleaner, healthier world. We believe that access to the highest quality hygiene, well-being and food is a right, not a privilege.
Reckitt is the company behind some of the world’s most recognized and trusted consumer brands in hygiene, health and nutrition, including Air Wick, Calgon, Cillit Bang, Clearasil, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and more.
Every day, more than 20 million Reckitt products are purchased worldwide. We always put consumers and people first, seek new opportunities, strive for excellence in everything we do and build shared success with all of our partners. We aim to do the right thing, always.
We are a diverse global team of over 43,000 colleagues. We draw on our collective energy to meet our ambitions for brands with a vocation, a healthier planet and a more just society.
Find out more or contact us at www.reckitt.com
* Reckitt is the trade name of the Reckitt Benckiser group of companies
About the Cambridge Center for Risk Studies at Cambridge University Business school judge
The Centre’s Climate Risk Analysis Framework is used by global companies to analyze and quantify their risks from climate change. The Centre’s rigorous scenario-based framework integrates cutting-edge climate science on changing models of extreme weather, with social science and economic analysis of transition risk processes.
The Cambridge Center for Risk Studies is based within the Cambridge University Business school judge. The Center works closely with business partners to tackle complex issues in the science of risk management. This policy of deep engagement has enabled the Center to develop relevant solutions for businesses. The Centre’s leadership combines academic excellence with industry experience.
More information on Cambridge The suite of scenarios and other risk management resources can be found at cambridgebusinessriskhub.com
Media contact: [email protected], +44 (0) 1223 492091.