Sustainable Is Obtainable, Says Clorox

In its fiscal 2017 integrated annual report, The Clorox Company reported growth that is profitable, sustainable and responsible, according to the company.


“This report shows how our stakeholders serve as the inspiration for long-term value creation, whether that's through innovation, addressing local and global needs, or fostering a more inclusive work environment,” said Chairman and CEO Benno Dorer. “Building world-class brands, strong communities and an engaged workforce are critical to achieving our goal of good growth.”


The following are highlights from Clorox's 2017 fiscal year performance and progress against its 2020 Strategy:

• $6.0 billion in net sales, including 3% incremental sales from product innovation.
• $5.35 diluted EPS from continuing operations, a 9% increase versus fiscal year 2016.
• $871 million net cash from continuing operations, a 13% increase versus fiscal year 2016.
• 88% employee engagement, higher than peer consumer goods companies and high-performing companies globally.


Diversity in corporate governance, including 33% minority board members, 33% female board members and 36% female Clorox Executive Committee members. Product sustainability improvements to 34% of the global product portfolio by the 2016 calendar year, achieved cumulatively since 2011.


In showcasing its corporate responsibility results, for the first time the report highlights Clorox's progress throughout the current goal period or strategy period in the areas of diversity, environmental sustainability and social impact. The sustainability focus areas detail the company's successes and challenges as well as where it stands in meeting its public goals:

• 26% US minority nonproduction managers, up from 24% in the 2013 fiscal year, and 31% US minority nonproduction employees, up from 30% in the 2013 fiscal year.
• $23 million in grants from the company's foundations since the 2013 fiscal year.
• $44 million in product donations since the 2013 fiscal year.
• 18% reduction in greenhouse gas emissions in calendar year 2016 (per case of product sold), from 10% in 2012 (on track to meet 2020 goal of 20%).