Respect for Other Stakeholders
Colgate touches people's lives in a number of different ways, both inside Colgate and outside the Company. All of these people, whom we call stakeholders, have an interest in our Company's activities. Stakeholders include Colgate People and their families, shareholders, consumers, customers, suppliers, contractors, retirees, neighbors and community groups, regulators and non-governmental organizations.
For external stakeholders, Colgate maintains open communication by inviting questions and comments from anyone inquiring about the Company's activities. Understanding our stakeholders' concerns helps improve our management of the Company. We are interested in their opinions about how we are addressing various issues, balancing meeting their needs while pursuing our business goals.
Colgate engages with external organizations to share information and to get additional perspectives on important issues. We have engaged with partners like the U.S. Environmental Protection Agency’s Energy Star and SmartWay programs, and have also partnered with the U.S. Green Building Council when developing our new LEED-certified facilities. We are a member of the Carbon Disclosure Project's Supply Chain program.
Colgate is a member of the Roundtable on Sustainable Palm Oil, an organization that seeks to develop standards in conjunction with the government and owners to ensure palm oil is grown and harvested in a sustainable manner, thereby insuring no harm to the environment, fairness to plantation employees and an ongoing supply of certifiable, sustainable palm oil.
Colgate recognizes that there is a growing community of investors seeking information on non-financial performance. One example of ongoing stakeholder engagement at Colgate is our HIV/AIDS initiative. Colgate began meeting with a group of socially responsible investors in 2003 and has continued to meet with the group periodically to update the members on our progress and challenges as well as to learn from them.
In 2006, Colgate became a member of the Global Business Coalition on HIV/AIDS, Tuberculosis and Malaria, an organization comprising more than 200 international companies dedicated to combating the AIDS epidemic.
For more information on external organizations that have recognized Colgate for its sustainability efforts, please click here.