Henkel AG & Co. KGaA
ISIN: DE0006048432
WKN: 604843
04 November 2024 03:39PM

Henkel defines net-zero targets

Henkel AG & Co. KGaA · ISIN: DE0006048432 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2022071


EQS-Media / 04.11.2024 / 15:39 CET/CEST

November 4, 2024

 

Further progress of purposeful growth agenda: extended commitment for climate protection

Henkel defines net-zero targets
 

Düsseldorf – In line with its ambitions for sustainability within its agenda for purposeful growth, Henkel has defined a net-zero roadmap, substantially extending its targets for emissions reduction along the value chain. To achieve net-zero, the company has set the following targets:

 

  • reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions by 42 percent by 2030 (base year 2021)
  • reduce absolute scope 3 GHG emissions by 30 percent by 2030 (base year 2021)
  • reduce absolute scope 1, 2 and 3 GHG emissions by 90 percent by 2045 (base year 2021)
     

These new targets have also been verified by the “Science Based Targets initiative (SBTi)”, a corporate climate action organization that supports companies to set net-zero targets in line with the Paris Agreement.

“We all have to take responsibility and help limit global warming to 1.5°C, as set out in the Paris Climate Agreement – and we are already too close to this threshold,” said Carsten Knobel, CEO of Henkel. “We have therefore extended our climate commitment to achieve net-zero greenhouse gas emissions by 2045 with concrete actions along our entire value chain.”

New net-zero targets cover emissions along the value chain

Compared to Henkel’s previous climate targets, the new net-zero targets cover a broader part of the value chain. Beyond the emissions from production processes, the targets for scope 1 and 2 emissions now encompass all operations, including office buildings, warehousing, research and development, and the vehicle fleet.

The emissions reduction targets for scope 3 cover Henkel’s indirect emissions occurring both up- and downstream in the value chain. Besides emissions from raw materials and packaging, the new science-based targets also include emissions from logistics or the end-of-life treatment of products, among others. Furthermore, the targets go beyond the reduction of only CO2 emissions alone, encompassing all seven greenhouse gases as defined by the United Nations’ Kyoto Protocol. 

“Net-zero” means balancing all human-made greenhouse gas emissions by removing them from the atmosphere. Following the SBTi’s “Corporate Net-Zero Standard”, it is classified as a state of at least 90 percent absolute emission reductions across the value chain (scope 1,2,3) through direct abatement measures before employing methods to neutralize residual emissions, for example through innovative ways of carbon capture.

Maximum emissions reduction

Direct abatement measures of emissions at Henkel’s own sites will focus predominantly on increased energy efficiency and the expansion of renewable energies to cover the remaining energy demand. The share of Henkel’s purchased electricity, which comes from renewable sources, already stands at 89 percent worldwide. Only recently, Henkel has achieved an important milestone converting all its production processes for its Consumer Brands business unit in Europe to carbon neutral energy.

In order to bring the evaluation of its CO2 emissions in the upstream supply chain to the next level, Henkel has launched a comprehensive engagement program for its worldwide suppliers called “Climate Connect”. The program aims to advance decarbonization along the value chain of both business units through the collection of emissions data, jointly defined actions for reduction and continuous upskilling of suppliers.

Henkel is also working to further increase the proportion of ingredients based on low-emission, renewable or recycled raw materials in its consumer goods and adhesives technologies.

With its sustainable packaging strategy, Henkel contributes to emission abatement by minimizing the amount of packaging material and maximizing the share of low-emission, recycled and renewable packaging alternatives. The new packaging concept for cartridges of Henkel’s consumer adhesives, for example, significantly reduces the use of virgin plastic by using up to 95 percent recycled plastic from post-consumer recyclate (PCR). The initiative is being rolled out across Europe.

As a large part of the scope 3 emissions are generated in the product application phase, Henkel wants to encourage consumers to a more responsible-minded behavior through targeted communication. Even though these emissions cannot be directly impacted and are therefore excluded from the net-zero target setting, Henkel will continue to strongly focus on consumer education, for example with its initiative “It starts with us” from Henkel Consumer Brands. The campaign provides recommendations for more resource-efficient product use in everyday life of consumers.

Further information on the company’s climate targets can be found in Henkel’s “Climate Transition Plan”.

 

About Henkel

With its brands, innovations and technologies, Henkel holds leading market positions worldwide in the industrial and consumer businesses. The business unit Adhesive Technologies is the global leader in the market for adhesives, sealants and functional coatings. With Consumer Brands, the company holds leading positions especially in laundry & home care and hair in many markets and categories around the world. The company's three strongest brands are Loctite, Persil and Schwarzkopf. In fiscal 2023, Henkel reported sales of more than 21.5 billion euros and adjusted operating profit of around 2.6 billion euros. Henkel’s preferred shares are listed in the German stock index DAX. Sustainability has a long tradition at Henkel, and the company has a clear sustainability strategy with specific targets. Henkel was founded in 1876 and today employs a diverse team of about 48,000 people worldwide – united by a strong corporate culture, shared values and a common purpose: "Pioneers at heart for the good of generations.” More information at www.henkel.com

This document contains statements referring to future business development, financial performance and other events or developments of future relevance for Henkel that may constitute forward-looking statements. Statements with respect to the future are characterized by the use of words such as expect, intend, plan, anticipate, believe, estimate, and similar terms. Such statements are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. These statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially (both positively and negatively) from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update forward-looking statements.

This document includes supplemental financial indicators that are not clearly defined in the applicable financial reporting framework and that are or may be alternative performance measures. These supplemental financial indicators should not be viewed in isolation or as alternatives to measures of Henkel’s net assets and financial position or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

This document has been issued for information purposes only and is not intended to constitute an investment advice or an offer to sell, or a solicitation of an offer to buy, any securities.

  

Contact

 

Press & Media

Hanna Philipps
Phone: +49 211 797 - 3626
Email: hanna.philipps@henkel.com

Sina Pfanschilling
Phone: +49 211 797 - 9904
Email: sina.pfanschilling@henkel.com

Kathrin Brokmeier
Phone: +49 211 797 - 8605
Email: kathrin.brokmeier@henkel.com


Investors & Analysts 

Leslie Iltgen  
Phone: +49 211 797 - 1631 
Email:  leslie.iltgen@henkel.com 

Dr. Dennis Starke 
Phone: +49 211 797 - 5601 
Email:  dennis.starke@henkel.com 

Jennifer Ott   
Phone:  +49 211 797 - 2756 
Email:  jennifer.ott@henkel.com 

Dr. Sascha Kieback
Phone:  +49 211 797 - 1810
Email:  sascha.kieback@henkel.com

 

www.henkel.com/press

www.henkel.com/ir

 

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End of Media Release


Issuer: Henkel AG & Co. KGaA
Key word(s): Enterprise

04.11.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Henkel AG & Co. KGaA
Henkel Str. 67
40191 Düsseldorf
Germany
Phone: +49 (0)211 797-0
Fax: +49 (0)211 798-4008
E-mail: press@henkel.com
Internet: www.henkel.de
ISIN: DE0006048432, DE0006048408
WKN: 604843, 604840
Indices: DAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 2022071

 
End of News EQS Media

2022071  04.11.2024 CET/CEST

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The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 19.899,00 20.114,00 19.250,00 20.066,00 22.397,00 21.514,00 22.225,00
EBITDA1,2 3.694,00 3.656,00 3.115,00 3.191,00 2.685,00 2.929,00 3.174,00
EBITDA-Margin3 18,56 18,18 16,18 15,90 11,99 13,61 14,28
EBIT1,4 3.116,00 2.899,00 2.019,00 2.213,00 1.810,00 2.011,00 2.254,00
EBIT-Margin5 15,66 14,41 10,49 11,03 8,08 9,35 10,14
Net Profit (Loss)1 2.330,00 2.103,00 1.424,00 1.629,00 1.253,00 1.340,00 1.580,00
Net-Margin6 11,71 10,46 7,40 8,12 5,59 6,23 7,11
Cashflow1,7 2.698,00 3.241,00 3.080,00 2.141,00 1.247,00 3.255,00 0,00
Earnings per share8 5,33 4,81 3,25 3,78 2,95 3,15 3,60
Dividend per share8 1,85 1,85 1,85 1,85 1,85 1,85 1,95
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

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INVESTOR-INFORMATION
©boersengefluester.de
Henkel VZ
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
604843 DE0006048432 AG & Co. KGaA 34.234,37 Mio € 11.10.1985 Halten 9F385RGP+GX
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
20,77 21,90 0,95 20,17 1,92 11,32 1,59
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,85 1,85 1,95 2,32%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
28.04.2025 08.05.2025 13.08.2024 06.11.2024 11.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,65%
84,10 €
ATH 129,90 €
+3,09% +4,90% +15,43% +15,71% +0,00%

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