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Procter & Gamble shareholders vote in favor of a deforestation report, against recommendation from its BOD

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Procter & Gamble shareholders vote in favor of a deforestation report, against recommendation from its BOD

October 14, 2020 - 17:43
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NEW YORK, Oct. 14, 2020 (Bloomberg) -Procter & Gamble Co.’s shareholders approved a proposal that the maker of Charmin toilet paper publish a report on its efforts to halt deforestation amid pressure from environmentalists.

The vote at the shareholder meeting Tuesday goes against the recommendation from P&G’s board of directors that investors reject the measure, which was proposed by Green Century Equity Fund. P&G’s toilet paper and tissue have become a point of focus for the Natural Resources Defense Council, an environmental group, and other forestry advocates, which say the company is contributing to climate change because of its production practices.

Bloomberg - P&G Shareholders Vote in Favor of a Deforestation Report

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Cincinnati.com - Opinion: P&G turns a blind eye to role in forest losses

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