Other names that Paul uses includes Paul G Polman. He also attended Harvard Business School's general management program in 2001. There is no reason why the world cannot apply the ingenuity and agility it has shown during the pandemic to combat climate change while there is still time. Mr. Polman is the recently retired chief executive of Unilever, which makes everything from Dove soap to Hellmann’s mayonnaise. The most fatal pandemic in recorded history was the Black Death (also known as The Plague), which killed an estimated 75–200 million people in the 14th century. WATCH SEGMENT. Terms & Conditions. Paul Polman, CEO of Unilever and Chairman of the World Business Council for Sustainable Development We are entering an era of system transformation. That was Paul Polman speaking in a recent Financial Times podcast — and it will have irritated the many people the outgoing chief executive of Unilever has irritated since he took the job in 2009. Paul Polman, CEO of Unilever, will retire at the end of the year after over 10 years with the company. of … But on reflection, has Unilever been too ambitious with setting such far reaching targets? Alan Jope (born 1963/1964) is a Scottish businessperson, and the CEO of Unilever since January 2019, succeeding Paul Polman. "It is an enormous learning curve as no-one has been trained for this but you have to be careful that you do not get involved in a million things as the world has so many problems, but ensure that the issues you do take on link to your business model and that you stay focussed. Become a GSB member to get more stories like this direct to your inbox, Discussing the progress of Unilever's Sustainable Living Plan, Paul Polman calls for governments, business and NGOs to work together to tackle the world's most pressing challenges, Unilever's Paul Polman: challenging the corporate status quo, Paul Polman: "The word over-ambitious does not exist when you look at the challenges we have to solve." Throughout human history, there have been a number of pandemics of diseases such as smallpox and tuberculosis. Polman acknowledges that many old-school CEOs are stuck in their ways and are finding it difficult to operate in a world that requires collaboration and openness. "Governments are coming out of office almost on a weekly basis so the onus is on companies to lead the way. All Rights Reserved. There is no point staying on the sidelines and being cynical. I say the opposite. But he points out that it is essential companies bring in new expertise from across many disciplines, such as anthropology and psychology, in order to address issues such as behaviour change. Paul Polman Together Commitment End Practically, systemic thinking can be used to identify problems, analyze their boundaries, design strategies and policy interventions, forecast and measure their expected impacts, implement them, and monitor and evaluate their successes and failures. "If we sustain our performance, then there is increasing trust in the management, then the attractiveness of the company can be enhanced, aligned with the shareholders you want to attract.". ", Polman says that the impact of Unilever's sustainability strategy is creating waves across the corporate sector as it is showing there is a way to do good and to make money: "We are showcasing a different business model that shows how you give to society and the environment rather than just taking from them. He says: "When we look at our supply chain, we think about smallholder farmers, we think about women and employment, we think about land rights, we think about biofuels and because we think about this holistically, our plants are getting better, our sourcing is getting better, these communities have a chance of functioning.". It is starting to happen. Polman says there has been much progress since he launched the company's Sustainable Living Planin November 2010. Polman believes that business leaders need to become more holistic in their thinking and criticises NGOs and governments who jump on individual hobby horses. This may include dental insurance as well as dental savings plans, an affordable alternative to dental insurance. According to CEO Paul Polman, what benefits the company also benefits the earth. Polman will not directly criticise the UK government but does acknowledge he would "like to see things moving forward. Market data provided by Interactive Data. Paul Polman came from P&G. Polman also highlights how he is seeing off speculative hedge-funds by taking the unusual step of actively courting long-term investment funds to buy the company's shares. But his most significant achievement has been to inspire fellow CEOs to look beyond financial results, to address the world’s pressing societal issues. He earned a bachelor of commerce degree from the University of Edinburgh Business School. His tenure as leader of the giant consumer goods company has been remarkable in many ways. "For those targets that have been met or exceeded, I point out that this is year one of a 10 year plan so the low-hanging fruits are a little easier and it will be progressively more difficult to achieve these targets. They laid out a plan for business to save our world. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Other family members and associates include Megan Musekamp, Megan Musekamp, Sandra Musekamp and Eric Musekamp. Since taking over as CEO of Unilever, in 2009, he has transformed the Anglo-Dutch multinational into one of the world’s most innovative corporations. What we firmly believe is that if we focus our company on improving the lives of the world's citizens and come up with genuine sustainable solutions, we are more in synch with consumers and society and ultimately this will result in good shareholder returns. Quotes delayed at least 15 minutes. DENTAL SAVINGS PLANS ACCEPTED(4) This dentist accepts the following plans. Poleman Paul Office. Paul Polman took the reins at Unilever during one of the most precarious periods in the company’s 150-year history. I would give ourselves an A minus on the scorecard but would also say we have to work harder.". 03.03.2020. Paul Polman, the CEO of Anglo-Dutch consumer giant Unilever, whose brands include Dove, Persil, Bertolli, Flora and PG Tips, says the political … Most recently Paul bought 21,500 units of DOW stock worth $1,001,040 on 27 October 2014.. "The word over-ambitious does not exist when you look at the challenges we have to solve," he says. Unilever CEO Paul Polman at the World Economic Forum in Davos, 2010 (Photo: Sebastian Derungs/WEF) A multinational boss fancies himself King of the World. He also insists that much more is going on within the corporate world than is visible to the public eye: "Business leaders do not like to promise on things they are not sure they can deliver on so they would rather work discretely on projects.". In the field of sustainable sourcing, Polman highlights that the total agricultural raw materials now being sourced sustainably has nearly doubled in just 12 months to 24%. The person most responsible for that feeling of urgency is 60-year-old Paul Polman, the tall, soft-spoken Dutchman who has led Unilever as CEO for the past eight years. "Success cannot be measured by the end state but by progress and what keeps us going is we have a holistic plan and are moving forward.". Paul Polman on the Effect of US Businesses on Climate Change. Bill McKibben Discusses Fossil Fuel Divestment. People like Sir Richard Branson, Paul Polman and Bill Gates. While Unilever may be making progress on its sustainability plan, is it being mirrored in the City's valuation of the company? He is particularly proud of the fact that Unilever will reach its target of 100% certified sustainable palm oil by the end of 2012, three years ahead of schedule, and has now set a new target to track all the certified oil it buys back to the plantation on which it was originally grown. This has, in turn, reduced fluctuations in the company's share price. What came through loud and clear this year was a growing realization that companies that chase short-term profits at the expense of social responsibility won't last very long. There is also a commitment to improve the nutritional quality of its food products – with cuts in salt, saturated fats, sugar and calories – and link more than 500,000 smallholder farmers and small scale distributors i… And what they launched that day gave the world something new; something we’ll look back on as a critical moment in time. The programme seeks to double sales and halve the environmental impact of its products. Business is already playing a leadership role through global collaboration and low carbon partnership … As C.E.O. "There is a vacuum at the policy level but our experience is that if you come with concrete proposals, such as moving from the Millennium Development Goals to a series of Sustainable Development Goals (SDGs), you can get governments behind you. Here’s everything to know, Forget Bitcoin—GameStop just topped $300 in pre-market trading, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. "We have been extremely ambitious and this has moved us out of our comfort zone. © 2020 Fortune Media IP Limited. The largest trade Paul's ever made was buying 21,500 units of Dow stock on 27 October 2014 worth over $1,001,040. Summary: Paul Polman is 64 years old and was born on 07/11/1956. "Good CEOs in the future need to feel at ease working with multi-stakeholder groups and know how to work with them and how to align them to move things forward," he says. Helping this movement is the fact that those who grew up in the 1960s are moving into CEO positions and they recognise the importance of business with purpose. Business is now in the driving seat on many of the initiatives such as the moratorium on illegal deforestation.". recover.1 Many would say it is typical of the ‘Polman era’ that just as Unilever is approaching the ‘danger zone’ of where research indicates most companies stall, the influential CEO of Unilever should set a target of doubling revenues to 80 billion euros. Unilever is regarded as a champion of sustainability. Previously city included West End NC. Where Polman sees least progress is in the field of politics, pointing out that countries representing more than half of the global gross domestic product are in political stasis as a result of elections or leadership changes. It was during the aftermath of the financial crisis that the Dutch businessman strode into Unilever HQ, in what has since become a … Powered and implemented by Interactive Data Managed Solutions. Dec 30, 2020 Paul Polman. The focus on improvement under Polman … No, and to expect it will ever happen is wishful thinking but investors will increasingly value our business on the basis of what we are doing. Helped by his ban on quarterly reporting to the City, Polman has managed to reduce the holding of Unilever shares by hedge-funds from 15% three years ago to less than 5%. Polman says there is a fundamental readjustment going on as a result of the financial crisis, from a rules-based society back to a principles-based society. Rank 31 Player Activity Round Scores R32 62 75 Head 2 Head Stats Marc Polmans. Paul Polman leaving Unilever after 10 years SAN ANSELMO, CALIFORNIA - JANUARY 08: The suspended Twitter account of U.S. President Donald Trump appears on … Without that we could not have seen such a step change, for example in our sourcing of sustainable agricultural raw materials. All rights reserved. FORTUNE may receive compensation for some links to products and services on this website. Dutchman Paul Polman will be replaced by company veteran Alan Jope Thu, Nov 29, 2018, 16:50 Updated: Thu, Nov 29, 2018, 17:00. The plan had 17 goals and they gave us until 2030 to reach those goals. Education. "But with Unilever, the Sustainable Living Plan is our business model. When you look at any issue, such as food or water scarcity, it is very clear that no individual institution, government or company can provide the solution. "You also have to make sure you do not get sidetracked by those NGOs which often have a mono issue and try to attack you because they want an end point like no animal testing or no biofuels. Polman says there is a small but growing number of companies who are helping to create a critical mass for change, highlighting amongst others, Patagonia, Heineken, DSM and Nike. Polman is scathing of companies that claim their hands are tied by fiduciary duty to maximise profits for shareholders in the short-term, arguing that this is "too narrow a model of Milton Friedman's old thinking. He is a former Procter & Gamble president for Western Europe. $1,400 stimulus checks look likely—but the recipients might change this time, When will Biden’s $1,400 stimulus check pass? The climate crisis has taken a back seat to COVID-19 this year, but prospects for bold international action to tackle global warming in 2021 are much more encouraging. As Unilever CEO Paul Polman put it, "investing in the common good, investing in the long term, is a better investment than just your short-term self-interest." Polman admits that it remains difficult for many in the financial markets to understand that the company has moved beyond old-style corporate social responsibility. Paul Polman. "Historically, too many CEOs have just responded to shareholders instead of actively seeking out the right shareholders," he said. Jope was born in Scotland. Bill … Paul Polman, the chief executive of consumer goods giant Unilever, is in a league of his own when it comes to being the leader a multinational company challenging the corporate status quo. Offers may be subject to change without notice. Scenario 4: Pandemic. Today, Paul Polman, head of the company Lever created, has even grander aspirations for Unilever, the maker of Dove soaps, Lipton tea and Hellmann’s mayonnaise. But when US competitor Heinz Kraft tried to take over the company, Unilever changed its short-term strategy. There is also a commitment to improve the nutritional quality of its food products – with cuts in salt, saturated fats, sugar and calories – and link more than 500,000 smallholder farmers and small scale distributors in developing countries to its supply chain. Unilever is bringing in Paul Polman, who has been a senior executive at two of the company's principal global rivals, P&G and Nestle, as its new CEO. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices  The deputy prime minister will be in Rio along with Caroline Spellman, and David Cameron has been asked by UN General-Secretary Ban Ki-moon to take a broader responsibility for SDGs so there is an engagement and we need to help. Polman says the plan has already had a profound impact on the way the company does business. Paul has made over 3 trades of the Dow stock since 2011, according to the Form 4 filled with the SEC. Polman says there has been much progress since he launched the company's Sustainable Living Plan in November 2010. This position gives me access to these people and then it's a responsibility to leverage that. In a wide-ranging interview with Guardian Sustainable Business to coincide with the first annual update of the company's ambitious 10-year Sustainable Living Plan, Polman calls on business leaders, politicians and NGOs to embrace systems thinking, and to recognise they cannot deal with the world's environmental and social challenges in isolation. Photograph: Graham Turner for the Guardian. The programme seeks to double sales and halve the environmental impact of its products. Where the company is finding the going hardest relates to the targets that require consumer behaviour change, such as reducing the use of heated water in showering and washing clothes, or encouraging people to eat foods with lower salt levels. "There is not a week goes by when I am not with policy makers. 1355 W Avenue J Lancaster, CA, 93534. "The issues we face are so big and the targets are so challenging that we cannot do it alone so there is a certain humility and a recognition that we need to invite other people in. Paulus Gerardus Josephus Maria Polman (born 11 July 1956) is a Dutch businessman. The world has moved on and these people need to broaden their education with the reality of today's world. "I don't think our fiduciary duty is to put shareholders first. He and I worked intensively together on strategy at P&G in the 1990s during his formative years there as a general manager. Dutch investigative journalism platform Investico deciphered Unilever’s sustainability code and discovered the grim truth at the heart of the paper maze. Read Full Summary Paul Polman isn’t afraid to shake things up. So we spend an enormous amount of time explaining it to our investors. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. And I … "It requires a level of transparency and some are more comfortable than others doing that.". He says: "The City does not recognise it as a holistic business model, because projects like these usually represent just one component and usually sit on the sidelines of your overall business model. "It is not always obvious how to do that and for some people it is easier than others," he says. Late last week Paul Polman announce d that he would step down as CEO of Unilever at the end of the year. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 4 Of 6 Hubert Hurkacz. ", This content is brought to you by Guardian Professional. "Most CEOs go to visit their existing shareholders; we go to visit the ones we don't yet have.". In 2006 Polman joined Nestlé as chief financial officer and became vice president for the Americas in February 2008. "There is a political stalemate that makes it very difficult to get real commitments out of governments," he says. "Why would you invest in a company which is out of synch with the needs of society, that does not take its social compliance in its supply chain seriously, that does not think about the costs of externalities, or of its negative impacts on society?". Paul Polman, chief executive of Unilever, said, ‘I do not work for the shareholder, to be honest, I work for the customer. "Does everyone get it in the City? Paul Polman DOW stock SEC Form 4 insiders trading.