Hindustan Unilever : New global commission puts business at heart of sustainable development
January 27, 2016 at 06:14 pm EST
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Created by Paul and former UN Deputy Secretary General Mark Malloch-Brown, the Commission of business, labour and civil society leaders aims to encourage businesses to take the lead in poverty reduction and sustainable development. It will work over the next year to articulate and quantify the compelling economic case for businesses to engage in achieving the Sustainable Development Goals [link] (SDGs), also known as the Global Goals. This includes:
Significant economic rewards - through new markets, investment opportunities and innovations - if the world tackles the challenges of poverty, inequality and environmental stress
Risks to business performance and stability, and increased fragmentation, resource competition and fragility, if the world fails to address these risks
The necessity to work with governments, international organisations and civil society in order to build a future where businesses can perform - with inclusive, sustainable growth and widespread job creation.
The Commission will present a report in a year's time outlining new business and financial models, as well as market opportunities for companies who are investing in sustainable approaches.
Paul says: 'There is no business case for enduring poverty. We have an opportunity to unlock trillions of dollars through new markets, investments and innovation. But to do so, we must challenge our current practices and address poverty, inequality and environmental challenges. Every business will benefit from operating in a more equitable, resilient world if we achieve the Sustainable Development Goals.'
Hindustan Unilever Limited issued this content on 21 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 23:13:30 UTC
Original Document: https://www.hul.co.in/news/news-and-features/2016/new-global-commission-puts-business-at-heart-of-sustainable-development.html
Hindustan Unilever specializes in manufacturing and marketing of cleaning and food products. Net sales break down by family of products as follows:
- personal care products (46%): hair and skin care products, dental and deodorant products (brands Aviance, Dove, Sunsilk, Lux, Pond's, Axe, Rexona, Close Up, etc.);
- house cleaning and laundry care products (33.9%): soaps, dishwashing liquids, detergents, stain removers and cleaners (brands Active Wheel, Comfort, Cif, Sunlight, Vim, etc.);
- food products and beverages (18.8%): culinary products, sauces, oils and margarines (brands Knorr, Kissan, Annapurna, etc.), ice creams (Kwality Wall's), teas and coffees (brands 3 Roses, Red Label, Lipton, Bru, Taj Mahal);
- other (1.3%).
At the end of March 2019, the group had 28 production sites in India.
India accounts for 96% of net sales.