- P&G shares Net Zero ambition for supply chain and
operations.
- P&G publishes Climate Transition Action Plan and sets new
science-based targets.
Procter & Gamble (NYSE:PG) is announcing a comprehensive
plan to accelerate action related to climate change. P&G has
also set a new ambition to achieve net zero greenhouse gas (GHG)
emissions across its operations and supply chain, from raw material
to retailer, by 2040 as well as interim 2030 goals to make
meaningful progress this decade.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210914005927/en/
P&G's Ambition to Net Zero Roadmap
(Graphic: Business Wire).
The climate crisis affects every home and family, everywhere in
the world. The majority of consumers globally now want brands they
buy to help them live a more environmentally conscious lifestyle
and the latest science has made it clear that urgent, decisive
action must be taken to avoid the worst impacts of climate
change.
“We are fully committed to use P&G’s innovation and
ingenuity to unlock new solutions to address climate change,” said
David S. Taylor, Chairman, P&G President and Chief Executive
Officer. “The task ahead of us is urgent, difficult and much bigger
than any single company or country. P&G is tackling these
challenges head-on by reducing our footprint and leveraging our
scale to foster unprecedented collaboration across our value
chain.”
P&G’s actions on climate began over a decade ago, and we
know there is more work to do. Our science-based plan to net zero
will prioritize cutting most of our emissions across our operations
and supply chain, from raw material to retailer. For residual
emissions in these categories that cannot be eliminated, we will
use natural or technical solutions that remove and store
carbon.
Our 2030 goals to pace our progress toward net zero were
submitted to The Science Based Targets initiative (SBTi):
- Reducing emissions across our operations by 50%
- Reducing emissions across our supply chain by 40%1
We have joined the UN’s Race to Zero and the Business Ambition
for 1.5°C campaigns and are also sharing our new Climate Transition
Action Plan, which outlines a comprehensive approach to
accelerating climate action and the key challenges ahead. More
perspective is available here. We will continue to communicate our
successes and setbacks along the way so others can learn with us
and advance collective progress.
“While no one has all of the answers on how to bring a net zero
future into focus, we will not let uncertainty hold us back,” said
Virginie Helias, P&G Chief Sustainability Officer. “To achieve
these goals, we will leverage existing solutions and seek
transformative new ones that are not available in the marketplace
today. This will require partnership across the private, nonprofit,
and public sectors and involve every aspect of our business, from
the very beginning of our products’ lifecycle to the very end.”
Acting with Urgency to Reduce
Emissions
Our top priority is to significantly reduce GHG emissions as
quickly as possible with solutions that exist today.
- Reducing emissions across our operations. From 2010 to
2020 we have reduced absolute emissions across our global
operations 52% through energy efficiency and renewable electricity.
As we continue to reduce emissions, we are also advancing natural
climate solutions to balance any remaining emissions from our
operations that cannot be eliminated by 2030. These include new
projects that help protect and restore forests and other ecosystems
essential to the people and wildlife that call them home.
- Accelerating renewable electricity. We are nearing our
2030 goal of purchasing 100% renewable electricity by already
purchasing 97% globally. In 2021, the United States Environmental
Protection Agency recognized P&G as #5 on its National Top 100
list of green power users and #2 on its Top 30 list for on-site
renewable power generation nationwide, making us top-rated in the
consumer products industry.
- Decarbonizing our supply chain and logistics. Our supply
chain and logistics emissions from raw material to retailer are
about 10 times that of our operations and we have set a goal to
reduce emissions 40%1 by 2030. We are also planning to increase
transportation efficiency of outbound finished products 50% by
2030. Pampers is actively working with suppliers to reduce their
carbon footprint and avoided an estimated one million metric tons
of GHG from the production of its materials over the past five
years. P&G established a new Product Supply Innovation Center
(PSIC) in Kronberg, Germany as a hub for a network of local
suppliers, tech companies, and top universities, developing
solutions that are global and scalable to help decarbonize our
supply chain.
Tackling Challenges by Inventing New
Solutions
We know there are some operational emissions we cannot eliminate
yet and our teams are working hard to develop the next generation
of low-carbon technologies and materials. Our efforts in this area
include:
- Leveraging renewable thermal energy. We use geothermal,
solar, and renewable steam at some manufacturing sites, but
continuing to reduce emissions will require more innovation. We
have partnered with the World Wildlife Fund, manufacturers, and
local governments to create the Renewable Thermal Collaborative to
identify and scale renewable, cost-competitive thermal energy
solutions. “Thermal energy represents a significant challenge for
many industries as they chart a path towards net zero,” said
Marcene Mitchell, Senior Vice President, Climate Change, World
Wildlife Fund. “The Renewable Thermal Collaborative can help unlock
sustainable, scalable solutions that cut emissions. P&G is a
founding member of the RTC and has shown strong leadership in this
space.”
- Advancing low-carbon technologies, materials, and
packaging. To unlock new ways to decarbonize our supply chain,
we are partnering to advance innovation in materials derived from
renewable, bio-based, or recycled carbon across brands including
Head & Shoulders, Pantene, Ariel, Tide and Pampers.
- Exploring Ingredients made from captured CO2. Our Tide
brand is working with Twelve, a Silicon Valley start-up, to explore
their carbon capture technology to incorporate CO2 from emissions
into ingredients that could be used across Tide.
Creating a Decarbonized Future Through
Transformative Collaboration
We are going beyond our net zero ambition and doing more to make
a collective impact - partnering with consumers to reduce GHG
emissions from the use phase of products, creating alliances for
carbon-efficient homes, and advocating for policy solutions to
decarbonize energy infrastructure. Our efforts here include:
- Making sustainability effortless at home. P&G and
its brands will continue to provide consumers with tools and
information on how small actions at home can make a world of
difference for the planet.
- Reducing 15 million tons of carbon through cold water
washing, and accelerating impact with an additional 30 million tons
by 2030. We have leveraged innovation and sustained consumer
education to help reduce the largest portion of our carbon
footprint – the energy needed to heat water during product use.
P&G brands Tide and Ariel have helped consumers increase their
use of low-energy laundry cycles to avoid roughly 15 million metric
tons of carbon dioxide. Tide and Ariel continue to drive greater
use of cold water washing through new education campaigns to help
avoid an additional 30 million tons of carbon emissions by 2030 –
more than ten times that of P&G’s yearly global
operations.
- Creating the home of the future. We are advancing
solutions to make everyday living more sustainable, with industry
partners via the 50L Home Coalition. By helping people reduce hot
water use without trade-offs, the Coalition is creating more
efficient homes that can use 10 times less water than most use
today.
“Caring for our consumers and our planet is core to all of us at
P&G,” Taylor added. “There is no action too small, and no
vision too big, as we all work together to preserve our shared home
for generations to come.”
For more detailed information about P&G’s commitments and
progress, please see P&G’s Climate Transition Action Plan and
blog. To learn more about P&G’s ESG efforts, visit the ESG
website or read the 2020 Citizenship Report.
About Procter & Gamble
P&G serves consumers around the world with one of the
strongest portfolios of trusted, quality, leadership brands,
including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®,
Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head &
Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®,
Tide®, Vicks®, and Whisper®. The P&G community includes
operations in approximately 70 countries worldwide. Please visit
http://www.pg.com for the latest news and information about P&G
and its brands. For other P&G news, visit us at
www.pg.com/news.
Forward-Looking Statements
Certain statements in this release, including statements
relating to our climate and related ESG targets, estimates,
projections, goals, commitments, and expected results, and the
assumptions upon which those statements are based, are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements generally are
identified by the words “believe” “project” “expect,” “anticipate,”
“estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,”
“may,” “should,” “will,” “would,” “will be,” “will continue,” “will
likely result,” “goal," “target,” “objective,” and similar
expressions. Forward-looking statements speak only as of the date
they are made and are based on current expectations and
assumptions, which are subject to risks and uncertainties that may
cause results and outcomes to differ materially from those
expressed or implied in the forward-looking statements. Some of
these uncertainties are summarized in the section of our Climate
Transition Action Plan titled, “Sources of Uncertainty.” For
additional information concerning factors that could cause actual
results and events to differ materially from those projected
herein, please refer to our most recent 10-K, 10-Q and 8-K reports.
We undertake no obligation to update or revise publicly any
forward-looking statements, whether because of new information,
future events, or otherwise, except to the extent required by
law.
1 Our Scope 3 2030 goals, submitted to SBTi, are as follows:
- Reducing supply chain emissions from priority categories by 40%
per unit of production by 2030. P&G priority categories account
for over 90% of P&G’s supply chain emissions.
- Reducing global upstream finished product freight emissions
intensity by 50% by 2030.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210914005927/en/
Media Contacts: H+K Strategies PR Team
PGUSSustainability@hkstrategies.com
Lindsey Morahan, P&G mediateam.im@pg.com
Procter and Gamble (NYSE:PG)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Procter and Gamble (NYSE:PG)
Historical Stock Chart
Von Mär 2023 bis Mär 2024