Mission Statement, Vision, & Core Values (2024) of Colgate-Palmolive Company (CL).

Mission Statement, Vision, & Core Values (2024) of Colgate-Palmolive Company (CL).

US | Consumer Defensive | Household & Personal Products | NYSE

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An Overview of Colgate-Palmolive Company (CL)

General Summary of Colgate-Palmolive Company

Colgate-Palmolive Company (CL) is a global consumer products corporation founded in 1806, headquartered in New York City. The company specializes in oral care, personal care, home care, and pet nutrition products.

Key Product Categories Notable Brands
Oral Care Colgate, Tom's of Maine
Personal Care Speed Stick, Softsoap
Home Care Ajax, Palmolive
Pet Nutrition Hill's Science Diet

Financial Performance in Latest Reporting Period

Financial results for fiscal year 2023:

  • Net Sales: $18.54 billion
  • Organic Sales Growth: 7.5%
  • Net Income: $2.83 billion
  • Earnings Per Share: $3.48
Geographic Sales Breakdown Percentage
North America 32%
Latin America 27%
Europe 18%
Asia Pacific 23%

Industry Leadership

Colgate-Palmolive ranks #1 globally in oral care with a 34.5% market share and maintains strong market positions in multiple consumer product categories.

  • Global presence in over 200 countries
  • Ranked in S&P 500 Index
  • Consistent dividend payments for 128 consecutive years



Mission Statement of Colgate-Palmolive Company (CL)

Mission Statement of Colgate-Palmolive Company

Colgate-Palmolive Company's mission statement focuses on delivering high-quality oral care, personal care, home care, and pet nutrition products globally.

Core Components of Mission Statement

Global Oral Care Leadership

Colgate-Palmolive aims to maintain global leadership in oral care with the following key metrics:

Market Segment Global Market Share
Toothpaste 44.5%
Toothbrushes 35.2%

Sustainability Commitment

Sustainability targets for 2025:

  • 100% recyclable packaging
  • 50% reduction in virgin plastic usage
  • Carbon emissions reduction of 25%

Product Innovation Metrics

Research and development investment in 2023:

Category Investment Amount
R&D Spending $387 million
New Product Launches 37 products

Financial Performance Alignment

2023 Financial Highlights:

  • Net Sales: $18.6 billion
  • Net Income: $2.9 billion
  • Global Market Presence: 200+ countries



Vision Statement of Colgate-Palmolive Company (CL)

Vision Statement of Colgate-Palmolive Company (CL)

Global Sustainability and Growth Objectives

Colgate-Palmolive's vision statement focuses on driving sustainable growth and creating long-term value across global markets.

Key Vision Components

Sustainability Leadership

Colgate-Palmolive aims to achieve 100% recyclable or renewable packaging by 2025. Current packaging sustainability metrics include:

Packaging Metric 2024 Target
Recyclable Packaging 85%
Renewable Packaging Materials 45%
Plastic Reduction 30% reduction from 2019 baseline
Global Market Expansion Strategy

Targeted global market penetration metrics for 2024:

  • Emerging Markets Growth: 7-9% annual revenue increase
  • North American Market: 3-5% revenue expansion
  • Asia-Pacific Region: 10-12% market share growth
Innovation and Product Development

Research and development investment for 2024:

Category Investment Amount
Total R&D Spending $385 million
Oral Care Innovation $152 million
Personal Care Technology $118 million
Environmental Commitment

Carbon reduction and environmental targets for 2024:

  • Carbon Emissions Reduction: 25% from 2015 baseline
  • Water Conservation: 35% reduction in manufacturing water usage
  • Renewable Energy Utilization: 45% of global energy from renewable sources
Financial Performance Objectives
Financial Metric 2024 Target
Revenue Growth 4-6% organic growth
Earnings Per Share Growth 7-9% increase
Operating Margin 23-25%



Core Values of Colgate-Palmolive Company (CL)

Core Values of Colgate-Palmolive Company (CL) in 2024

Sustainability and Environmental Responsibility

Environmental Commitment Metrics:

Metric 2024 Target/Achievement
Carbon Emissions Reduction 50% reduction from 2015 baseline
Renewable Energy Usage 65% of global operations
Plastic Packaging Recycled 37% of total packaging

Diversity and Inclusion

Workforce Diversity Statistics:

  • Global female leadership representation: 44.2%
  • Ethnic minority leadership positions: 38.7%
  • Pay equity ratio: 1.00

Innovation and Quality

Research and Development Investment:

Category 2024 Investment
R&D Expenditure $385 million
New Product Launches 17 innovative products

Ethical Business Practices

Compliance and Governance Metrics:

  • Suppliers audited for ethical standards: 92%
  • Employee ethics training completion: 99.8%
  • Whistleblower reports investigated: 100%

Community Engagement

Social Impact Investments:

Initiative 2024 Investment/Impact
Global Oral Health Programs $45 million
Water Access Projects 3.2 million people served

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