Team Colgate-Palmolive Final Report

"Colgate-Palmolive is a sustainability-conscious organization that has established its Net Zero strategy. It has been considering utilizing an internal carbon pricing (ICP) scheme as the next step in its decarbonization journey, but the starting point for its implementation is still uncertain. Our group has been tasked with researching and benchmarking the current internal prices other organizations are using and the best practices they are utilizing to drive changes with the final goal of recommending a strategy that would best fit Colgate-Palmolive's needs. We began our research with a baseline finding of where Colgate was in its sustainability journey and understanding how ICP schemes were used in the market. After conducting a PESTEL analysis to understand the trends in the greater consumer industry, our group began the peer research on the following organizations: Microsoft, Reckitt, Unilever, Mars, PepsiCo, and P&G. Our group presented the findings of our research in three deliverables: A benchmark table, a decision tree map, and a data requirements graphic. With our research conducted and taking into account Colgate's existing Net Zero strategy, we recommended that the most compatible ICP schemes for Colgate would be a shadow price on CAPEX decisions and a shadow price on the OPEX decisions of Colgate's procurement department. To conclude our report, we laid out four next steps Colgate should take to implement the ICP schemes we have recommended."