What We See: 2023 Integrated Annual Report
Highlighting the company's 110th year of business and operational performance, the report details how the company generated record-high revenue and maintained total company market share through IGNITE and its integrated environmental, social and governance, or ESG, goals. Highlights include:
- Fuel Growth: Delivering cost savings above the IGNITE goal of 175 basis point EBIT margin accretion, helping to rebuild margin back to pre-pandemic levels, and integrating strategic choices, such as reducing plastic and other waste, to drive cost savings and sustainability goals.
- Innovate Experiences: Launching innovations, many of which have environmental sustainability attributes, across all major brands and hitting all-time high return on marketing investments.
- Reimagine Work: Investing in the company's digital transformation and new operating model to create a more inclusive, consumer-obsessed, faster and leaner company.
- Evolve the Portfolio: Maintaining a portfolio with 60% of its brands deemed superior value, a testament to strong, trusted brands and the commitment to meet the diverse needs of today's consumers.
- Sustainability: Achieving 88% of the 2025 circular economy goal for 100% recyclable, reusable or compostable packaging and maintaining 100% electricity from renewable energy for U.S. and Canada operations, which helped accomplish its 2030 scopes 1 and 2 science-based target. Advancing product stewardship and employee wellbeing efforts to support healthier lives.