Maker of iconic brands such as Neutrogena®,
Listerine®, Aveeno® and Tylenol® shares progress on its
Environmental, Social and Governance goals in first year as an
independent company.
Kenvue Inc. (NYSE: KVUE) (“Kenvue” or the “Company”), the
world’s largest pure-play consumer health company by revenue, today
released its first-ever Healthy Lives Mission Report and shared how
the Company advanced the well-being of both people and planet in
2023.
“We recognize that human health is inseparably linked to
environmental health and our commitment to everyday care extends to
the planet we call home,” said Thibaut Mongon, Chief Executive
Officer. “As we established Kenvue as an independent company, we
also recommitted to our Healthy Lives Mission, our Environmental,
Social and Governance strategy, and positioned our portfolio of
iconic brands and Kenvuers around the world to build lasting
positive change.”
In 2023, the Company deployed its science, operations, team
members and brands to advance its Healthy Lives Mission focused on
nurturing healthy people, enriching a healthy planet and
maintaining healthy practice.
“In the past year, we have made meaningful progress with our
Healthy Lives Mission, reduced our greenhouse gas (GHG) emissions
and virgin plastic footprint, advanced the sustainable sourcing of
paper, and developed values-led policies and programs to positively
impact individuals and communities,” said Pamela Gill-Alabaster,
Global Head of ESG & Sustainability. “As a global leader in
consumer health, we will continue to draw on our brands, resources
and platforms to help shape a healthy future for both people and
planet.”
Highlights from the inaugural report include:
Healthy People: Kenvue equipped the communities in which
it operates with innovative products and actionable information to
make healthier decisions.
- We start with our team and take actions every day to foster an
inclusive, equitable and diverse workplace culture and to create a
sense of belonging for all. We’re committed to strengthening
representation at all management levels.1 At the end of 2023, our
global workforce was approximately 50% male and 50% female, and 36%
of our U.S. employees identified as racial or ethnic
minorities.2
- Through diversity of backgrounds and perspectives, we
collaborated on innovations and product experiences that reflect
the needs of our global consumers, including the Neutrogena®
Purescreen+™ Mineral UV Tint Face Liquid Sunscreen range in the
U.S. designed to be inclusive of varying skin tones with four
flexible shades and the Johnson’s® Blackinho Poderoso line in
Brazil for children with curly hair.
Healthy Planet: Kenvue helped safeguard the earth’s
health and resources while managing the impacts it created.
- Investments in energy efficiency and decarbonization projects
have resulted in Scope 1 and 2 GHG3,4,5 reductions of 26% since
2020.
- We’ve increased our use of renewable electricity6 to 65%
through 18 onsite solar-powered electricity systems and offsite
renewable electricity6 procurement contracts.
- Using circular economy design principles, we increased our use
of recyclable7 or refillable8 packaging9 to 71% of our portfolio
and reduced the volume of virgin plastic10 in packaging9 by
21%.
- Of our total paper and wood fiber packaging,11 94% of the
volume sources were certified12 or verified recycled13 paper and
wood fiber.
Healthy Practice: Kenvue also continued to promote a
culture of integrity, ethics and transparency to build trust and
create meaningful, long-term value.
- We’re committed to optimizing the environmental performance14
of our products using scientific lifecycle design principles15 and
tools such as our Sustainable Innovation Profiler (SIP), which aims
to future-proof products by promoting the adoption of sustainable
ingredients and packaging materials in our innovation process.
- We’re expanding access to product information through digital
platforms and technologies like our Neutrogena® Glossary of
Ingredients and Johnson’s® Baby digital transparency tool with the
intention of empowering consumers to make the best choices for
themselves and their loved ones.
To read the Kenvue Healthy Lives Mission 2023 Report, visit
www.kenvue.com/hlm-report-2023.
About Kenvue
Kenvue is the world’s largest pure-play consumer health company
by revenue. Built on more than a century of heritage, our iconic
brands, including Aveeno®, BAND-AID® Brand, Johnson’s®, Listerine®,
Neutrogena® and Tylenol®, are science-backed and recommended by
healthcare professionals around the world. At Kenvue, we believe in
the extraordinary power of everyday care and our teams work every
day to put that power in consumers’ hands and earn a place in their
hearts and homes. Learn more at www.kenvue.com.
Cautions Concerning Forward-Looking Statements
This press release contains “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995
regarding the Company’s climate goals and its Healthy Lives
Mission. Forward-looking statements may be identified by the use of
words such as “plans,” “expects,” “commits,” “will,” “anticipates,”
“estimates” and other words of similar meaning. The reader is
cautioned not to rely on these forward-looking statements. These
statements are based on current expectations of future events. If
underlying assumptions prove inaccurate or known or unknown risks
or uncertainties materialize, actual results could vary materially
from the expectations and projections of Kenvue and its
affiliates.
A list and descriptions of risks, uncertainties and other
factors can be found in Kenvue’s filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the fiscal year ended December 31, 2023 and subsequent Quarterly
Reports on Form 10-Q and other filings, available at www.kenvue.com
or on request from Kenvue. Kenvue and its affiliates undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or developments, or
otherwise.
1 All management levels including manager, director, vice
president and above. 2 Asian, Black/African American,
Hispanic/Latino, Other Ethnic Racial Diversity; 2+ more races,
NH/PI, AI/AN (Native Hawaiian or Pacific Islander, American Indian
or Alaska Native). Workforce composition metrics are derived from
data collected in connection with EEO-1 reporting. 3 Applies to all
Kenvue-owned facilities where Kenvue has operational control,
regardless of building type; all leased facilities used for
manufacturing and/or research and development; and leased,
non-manufacturing and/or non-research and development facilities
where the facility is greater than 50,000 square feet and where
Kenvue has operational control. The 2020 baseline and all
subsequent reporting years include all facilities aligned to
Kenvue’s structure upon separation from Johnson & Johnson in
2023 and do not include any operational or organizational
exclusions. Scope 1 are greenhouse gas (GHG) emissions that Kenvue
directly generates – e.g., running boilers and vehicles using
fossil fuels. Fleet emissions are reported as CO2 and do not
include other greenhouse gas emissions. Scope 2 are GHG emissions
that Kenvue indirectly generates – from electricity or energy
purchased for heating and cooling buildings. 4 The inventory was
compiled in accordance with the WRI/WBCSD Greenhouse Gas (GHG)
Protocol – A Corporate Accounting and Reporting Standard (Revised
Edition 2013) including the amendment to this protocol, GHG
Protocol Scope 2 Guidance (2015). 5 The target boundary includes
land-related emissions and removals from bioenergy feedstocks. 6
Renewable energy source is an energy source that is capable of
being replenished in a short time through ecological cycles or
agricultural processes (e.g., biomass, geothermal, hydro, solar,
wind). Renewable electricity targets are achieved through a
combination of actions, including on-site solar, virtual power
purchase agreements (VPPAs), direct power purchase agreements
(PPAs), energy attribute certificates (EACs), also known as
renewable electricity certificates (RECs), and green retail
contracts. 7 Recyclable also defined as recycle-ready is when
packaging is designed for collection, sorting, and recycling using
end-of-life processes, but where collection, sorting, and recycling
infrastructure may not yet be in place for the packaging to
actually be recycled. Best practices of “designing for
recyclability" guidance for plastic-based packaging include the
Association of Plastics Recyclers in the United States. Note:
"Designed for recycling," "designed for recyclability," and
"recycle ready" are also used interchangeably and reflect the same
meaning. 8 Kenvue defines refillable or reusable packaging as
packaging that is designed for either the business or the consumer
to put the same type of purchased product back into the original
packaging, is designed to be returnable and/or refillable, and
accomplishes a minimum number of reuses by being part of a system
that enables reuse. 9 Packaging for direct purchases, may not
include all externally manufactured products. Total weight of
plastics packaging is calculated utilizing 2024 Business Plan
volume and is not trued up to actual sales. Manual adjustments of
<10% were made to 2024 Business Plan volume based on SME
judgment to remove materials not assumed to contain plastics. 10
Virgin plastic means newly manufactured resin produced from
petrochemical feedstock used as the raw material for the
manufacture of plastic products and which has never been used or
processed before. 11 Volumes include direct purchases of primary
and secondary packaging and leaflets. Volumes do not include the
packaging materials sourced in some externally manufactured
products. 12 Certification schemes accepted by Kenvue include FSC®
or PEFC chain of custody standard, only when FSC® is not available.
13 Recycled includes both post-consumer and post-industrial
recycled content; Verification of recycled content is conducted by
an external third party (for example, Preferred by Nature). The
information provided herein includes data from suppliers. While we
strive to ensure the accuracy and completeness of this data, we
recognize there may be limitations to its accuracy or
comprehensiveness. 14 Improved environmental performance is defined
as improvement in one or more of the four pillars, with no
regression compared to the baseline product, measured using
Kenvue’s Sustainable Innovation Profiler (SIP). 15 Scientific
principles are defined across four pillars – carbon footprint,
green chemistry, sustainable packaging, and product environmental
footprint.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240625119963/en/
Investor Relations: Jim Giannakouros, CFA
Kenvue_IR@kenvue.com
Media Relations: Melissa Witt media@kenvue.com
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