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NRDC - P&G’s Board must be accountable for forest destruction

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NRDC - P&G’s Board must be accountable for forest destruction

August 27, 2021 - 15:58
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NEW YORK, Aug. 27, 2021 (Press Release) -Ten months after Procter & Gamble’s (P&G’s) shareholders resoundingly called on the company to address its impacts on climate-critical forests and Indigenous rights, P&G has failed to take meaningful action. In light of this immense failure of leadership and P&G’s continued role in driving deforestation, primary forest loss, and violations of Indigenous Peoples’ rights through its tissue and palm oil supply chains, organizations are calling for P&G’s Board of Directors to be held accountable.

Last year’s shareholder proposal, issued by Green Century Capital Management and passed by 67 percent of P&G’s shareholders, called on P&G to determine how the company could “increase the scale, pace, and rigor of its efforts to eliminate deforestation and the degradation of intact forests in its supply chain.” While P&G has published a report and webpage outlining its sourcing policies, it has not addressed the fundamental issues that investors have raised, nor has it reduced the impacts its operations are having on communities and forests.

NRDC - P&G’s Board Must Be Accountable for Forest Destruction

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