10.06.23
The Clorox Company has released its fiscal year 2023 integrated annual report, showcasing performance and progress against its Ignite strategy in driving transformation, growth and long-term shareholder value – all aligned with its purpose and values.
Highlighting the company's 110th year of business and operational performance, the report details how the company generated record-high revenue and maintained total company market share through Ignite and its integrated environmental, social and governance, or ESG, goals.
Report Highlights
Fuel Growth: The company delivered cost savings above the Ignite goal of 175 basis point EBIT margin accretion, helping to rebuild margin back to pre-pandemic levels, and integrating strategic choices, such as reducing plastic and other waste, to drive cost savings and sustainability goals.
Innovate Experiences: The company launched innovations – many of which have environmental sustainability attributes – across all major brands and hitting all-time high return on marketing investments.
Reimagine Work: The company invested in its digital transformation and new operating model to create a more inclusive, consumer-obsessed, faster and leaner company.
Evolve the Portfolio: The company is maintaining a portfolio with 60% of its brands deemed superior value, a testament to strong, trusted brands and the commitment to meet the diverse needs of today's consumers.
Sustainability: The company achieved 88% of the 2025 circular economy goal for 100% recyclable, reusable or compostable packaging and maintaining 100% electricity from renewable energy for US and Canada operations, which helped accomplish its 2030 scopes 1 and 2 science-based target.
The company also prioritized advancing product stewardship and employee wellbeing efforts to support healthier lives.
"Our integrated annual report reflects our journey toward a stronger, more resilient future where we champion people to be well and thrive every single day," said Clorox CEO Linda Rendle. "We are proud of the progress we've made through our IGNITE strategy and are optimistic about the opportunities ahead. This report is a testament to our teammates around the globe who delivered our strong fiscal year 2023 performance and our continued commitment to our stakeholders and our planet."
View the full version of the integrated annual report here.
Learn more about this Happi Top 50 Company here.