Unilever is one of the largest corporations in the world. With nearly $ 52 billion in annual sales and more than 160.000 employees, the company has grown into an empire. But with all greed, one does not want to forget the environment. As Unilever announced in a press release, blockchain technology will be used to combat deforestation.
Unilever: One billion USD for climate protection
The global impact of the corona pandemic is tragic, but that is why the advancing climate change and other environmental problems should not be neglected, as is the case in the press release from Unilever means.
The company will therefore provide a $ 1 billion aid package for a climate and nature fund. This will be used over the next 10 years to restore landscapes, recondition forests, treat water and protect wildlife. Ben & Jerrys, which to many surprisingly also belongs to Unilever, started a long time ago with the reduction of the CO2 emissions of dairy cow farms.
Blockchain technology will play a major role in some of these areas. Because, as Unilever announces, the goal has been to reach a supply chain without deforestation by 2023. Novel technologies such as blockchain are intended to help achieve this goal by precisely tracking and controlling the origin of the raw materials:
To this end, we will increase traceability and transparency through the use of new digital technologies - such as satellite surveillance, geolocation and blockchain -, accelerate the involvement of small farmers and change our approach to sourcing derivatives.
Unilever as a huge consumer of palm oil
By 2039, Unilever had big plans. The company is committed to producing all products with zero net emissions by then, from the procurement of materials to the point of sale in the supermarket. The new goals are a reaction to the urgency of the ongoing climate crisis.
With all these benefits, it should not be forgotten that Unilever does not always make headlines with positive news. The group is, for example, the largest single consumer of palm oil worldwide, which is repeatedly criticized due to the deforestation of the rainforests. Thousands of forest fires are caused in Indonesia to cultivate the popular plant and the burned fields are then used to produce the popular oil. Large corporations like Unilever have to blame themselves for so-called "green washing" questions.
A few years ago it was even over Child labor reported to the Nestlé, Unilever and Co suppliers of palm oil.
Unilever's generous amount of money to protect the environment and combat climate change is likely to leave many with a bad aftertaste. The Unilever Group includes well-known brands such as Ax, Ben & Jerry's, BiFi, Cremissimo, Dove, Knorr, Lätta, Pfanni and Rama.
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