【Kenvue】2023健康生活使命报告

Summary of the 2023 Healthy Lives Mission Report

Core Content

The 2023 Healthy Lives Mission Report outlines Kenvue's Environmental, Social, and Governance (ESG) strategy, goals, and commitments. As an independent, publicly traded company since May 2023, Kenvue emphasizes its mission to nurture healthy people, enrich a healthy planet, and maintain healthy practice. This mission is supported by three pillars and nine priority areas, with a focus on innovation, sustainability, and ethical business practices.

Main Viewpoints

• Putting People First: Kenvue is committed to fostering an inclusive, equitable, and diverse workplace culture. This approach not only enhances internal collaboration but also ensures that their products and services better meet the needs of a diverse consumer base.
• Enriching a Healthy Planet: The company is dedicated to sustainability, aiming to reduce its environmental footprint through initiatives like decarbonization, plastic reduction, and sustainable sourcing.
• Maintaining Healthy Practice: Integrity, ethics, and transparency are central to Kenvue's operations. The company aims to build trust through science-backed solutions and ethical business conduct.

Key Information

Company Overview

• Net Sales: $15.4 billion in fiscal year 2023 (Jan 2 – Dec 31).
• Global Presence: Operates in more than 165 countries.
• Workforce: Approximately 22,000 employees worldwide.
• Diversity Metrics:
  • 50% women in the global workforce.
  • 36% of U.S. managers and above are ethnically diverse.
  • 54% of the Kenvue Leadership Team are women.
• Brand Portfolio: Includes iconic brands like Tylenol®, Neutrogena®, Johnson's®, and Aveeno®.

Business Segments

Kenvue operates through three reportable business segments:

1. Self Care
2. Skin Health & Beauty
3. Essential Health

ESG Goals and Commitments

Nurture Healthy People

• Diversity, Equity & Inclusion (DEI):
  • Strengthen the representation of women across all management levels.
  • Increase ethnic representation in the U.S. workforce.
  • Ensure equitable pay based on role, experience, market competitiveness, and performance.
  • Achieve a company-wide Inclusion Index Score in the top quartile.
• Public Health:
  • Advance community health through employee volunteerism.
  • Restore dignity of everyday care for vulnerable and displaced people.
  • Create positive environmental and social impacts via brand purpose programs.

Enrich a Healthy Planet

• Climate Change:
  • Reduce absolute scope 1 and 2 GHG emissions by 42% by 2030 from a 2020 baseline.
  • 75% of suppliers will have science-based targets by 2028.
  • Achieve 100% renewable electricity for operations by 2030.
• Plastics:
  • Achieve 100% recyclable or refillable packaging by 2025.
  • Reduce virgin plastic in packaging by 25% by 2025 and 50% by 2030.
• Biodiversity, Land & Forest:
  • Eliminate deforestation and ensure paper-based packaging comes from low-risk sources.
  • Achieve 100% certified or verified recycled paper and wood fiber packaging by 2025.
  • Maintain 100% RSPO certification for palm-based ingredients.

Maintain Healthy Practice

• Sustainable Product Innovation:
  • 75% of new product development will have improved environmental performance by 2030.
• Product Transparency:
  • Commit to greater transparency, starting with ingredient disclosure.
• Human Rights:
  • Ensure ethical labor practices and respect for human rights across the supply chain.

ESG Governance

• Board of Directors Oversight:
  • The Board is responsible for overseeing ESG impacts, risks, and opportunities.
  • Annual updates on the Healthy Lives Mission (HLM) are provided to the Board.
  • The Nominating, Governance & Sustainability Committee reviews sustainability policies, goals, and compliance.
• ESG Steering Committee (ESG Steer Co.):
  • Established in April 2023 to operationalize the ESG strategy.
  • Meets monthly in 2023 and quarterly starting in 2024.
  • Supports project execution, identifies roadblocks, and ensures strategic alignment with the Board and Kenvue Leadership Team (KLT).
  • Embeds HLM commitments in the Company's objectives and key results (OKRs).

Double Materiality Assessment

• Kenvue conducted an enterprise-wide double materiality assessment (DMA) in 2023, aligning with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS).
• Identified nine topics as material from an impact perspective and four topics as material from a financial perspective.
• Topics include:
  • Biodiversity, land & forests
  • Climate change
  • Diversity, equity & inclusion
  • Human & labor rights
  • Plastics
  • Product transparency
  • Public health
  • Sustainable product innovation
  • Workforce health, safety & well-being

Progress in 2023

• Greenhouse Gas (GHG) Emissions: Reduced by 26% (scope 1+2) compared to 2020.
• Virgin Plastic Reduction: Reduced by 21% in packaging compared to 2020.
• Recycled Materials: 94% of paper and wood fiber is certified or verified recycled.
• Renewable Electricity: 65% of electricity is sourced from renewable sources.
• Humanitarian Aid: $31.7 million invested in humanitarian aid programs.

Strategic Alignment

• Kenvue's ESG strategy is aligned with global standards such as GRI, SASB, and TCFD.
• The company's ESG reporting will align with CSRD starting in 2025.

Conclusion

Kenvue is committed to driving positive change for people, communities, and the planet through its Healthy Lives Mission, which encompasses nurturing healthy people, enriching a healthy planet, and maintaining healthy practice. The company's focus on diversity, sustainability, and ethical business practices reflects its dedication to long-term value creation and responsible innovation.