We’re investing in six strategic imperatives, led by four growth drivers, to maintain sustainable growth. Meanwhile, we’re evolving our work and leadership culture, while responding to changing consumer needs, by capitalising on the rising impact of digital technologies.
Strategic imperatives
We’re have identified six areas of focus which support our medium-term objectives of delivering sustainable mid-single digit growth and mid-20s adjusted operating margins.
01Grow our brands and innovate
Investing in our brands to drive equity and improve our consumer product offering.
02Drive superior execution
Investing in capability centres for commercial excellence – sales outperformance, marketing excellence, eRB and medical sales.
03Invest in capabilities
Investing in centralised areas, including our supply chain, R&D and digital channels, to strengthen the core of our business and support our three Global Business Units.
04Increase productivity
Embedding programmes to enhance the company’s effectiveness and efficiency, and to fund investment.
05Embed sustainability
Incorporating sustainability throughout our value chain and across our business.
06Actively manage the portfolio
Moving the company to higher growth and addressing structural challenges.
Strategic growth drivers
Our category-led growth strategy is anchored in consumer demand. We use our deep consumer insights, combined with our strength in science and technology, to drive our growth.
01Product penetration
Increasing product usage by capturing new consumers and households.
02Market share gains
Winning by serving existing consumers faster, better, and more efficiently with superior and more relevant products.
03Expansion into new places
Taking our brands and products into new geographies and new channels.
04Expansion into new spaces
Capturing new market opportunities using our brands and consumer relationships.
Our 2030 sustainability ambitions
Embedding sustainability across our business and throughout our value chain is a key focus area. Our 2030 ambitions build on the progress we have already made, focusing on three areas:
We want to have a positive impact by ensuring that we don't just sell products people want to buy, but also ones that make a positive difference in the world.
Read more2022 strategic highlights
Last year, we continued to make good progress towards our strategic goals, with our continued innovation, improved in-market execution and pricing driving broad-based growth in challenging market conditions.
1Excluding IFCN China; figure based on Q3 YTD results.
2Based on Q3 YTD results.
+8.2%
+8.2%
Group like-for-like revenue growth1
70%
70%
of the portfolio less impacted by Covid dynamics grew low-double digits2
On track
On track
to deliver sustainable mid-single digit growth, and mid-20s adjusted operating margins by the mid-2020s2
Culture & inclusion
Dynamic, inclusive and collaborative
We are nurturing our dynamic, inclusive and collaborative culture to take on the fight for a cleaner, healthier world. We celebrate and encourage behaviours rooted in our shared sense of purpose.
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