Procter & Gamble Commits to Enhanced Disclosures Regarding Sourcing from Boreal Forests in Canada

By Andrew Shalit
Green Century Fund
December 17, 2024
Category: Forestry
Region: Canada, United States

BOSTON — Procter & Gamble has agreed to provide additional information regarding its practices related to sourcing wood pulp from the boreal forests of Canada. The updates will reiterate the company’s aim to eliminate sourcing from intact forest landscapes and to protect primary forests. …The agreement came after discussions earlier this year with investment firms Green Century Capital Management, AXA Investment Managers, BNP Paribas Asset Management, and Robeco. In exchange, these investors agreed to withdraw a shareholder proposal asking the company to enhance its disclosures in relation to its existing efforts to mitigate risks to biodiversity and forest resilience. “These disclosures will help investors better understand how P&G is managing the risks associated with sourcing from such an ecologically important area,” said Leslie Samuelrich, President of Green Century Funds. …In addition, P&G will renew its investment in the development of alternative fibers.

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