P&G faces reckoning over Charmin, Bounty supply chain

By Jessica Dinapoli
Reuters in The Financial Post
August 16, 2022
Category: Business & Politics
Region: Canada, United States

NEW YORK — Procter & Gamble will take steps aimed at reducing potential harm to forests from its purchases of wood pulp for toilet paper and other consumer goods, after being pressured by environmentalists and investors for more sweeping changes. P&G will aim to end buying pulp, a key ingredient in its top-selling Charmin toilet paper, from certain forests in Canada and develop a plan to reduce purchases of the raw material from other swaths of woodland, according to an agreement the consumer products company made with an investor last month. P&G faces scrutiny from environmental non-profits and some investors in part because it lags its publicly-traded peers in using recycled paper and fibers in household staples like toilet paper. …P&G says all of its pulp comes from sustainably managed forests and tree plantations. …Before striking the agreement, P&G faced the prospect of a shareholder vote at its annual meeting in October.

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