The company said this could be a game-changer for the $625 billion home, beauty, and personal care markets, as the switch brings the potential to reduce the carbon footprint of palm-derived ingredients by 50%.
Sustainability Without Sacrificing Efficiency and Cost Is the End Goal
This is the latest sustainability strategy from Unilever to ensure a deforestation-free supply chain for palm oil by 2023.
While palm oil will remain a significant feedstock for Unilever, alternative ingredients can help diversify supply chains, and improve sustainability, cost efficiencies, and transparency. Peter ter Kulve, president of Unilever’s Home Care division, said the best supply chains balance resilience and cost effectiveness.
Slater said Unilever will be marrying science and nature to make sure there is no trade-off for consumers between the efficacy and sustainability of its products.
“We are building this innovative new venture to have the scale to drive real impact and change in our industry, helping to reinvent the chemistry of home and personal care products for the 21st century,” he added.
Christophe Schilling, CEO of Geno, said his company developed the technology in response to the planet’s urgent climate crisis. “We have proven that biotechnology can replace traditional methods to produce ingredients with bio-based sources that deliver both high performance and sustainability.”