Reducing GHG Emissions by
50% and Purchasing 100% Renewable Electricity for all Manufacturing
Sites by 2030
and
Advancing Natural Climate
Solutions that Deliver a Carbon Benefit Equal to Remaining GHG
Emissions from Operations
The Procter & Gamble Company (NYSE:PG) announced a new
commitment to have its global operations be carbon neutral for the
decade through a series of interventions that protect, improve and
restore nature. Recognizing the next decade represents a critical
window for the world to accelerate progress on climate change,
P&G will go beyond its existing Science Based Target of
reducing greenhouse gas emissions by 50% by additionally advancing
a portfolio of natural climate solutions. These efforts will
deliver a carbon benefit that balances any remaining emissions over
the next 10 years, allowing P&G operations to be carbon neutral
for the decade. Based on current estimates, the Company will need
to balance ~30 million metric tons of carbon from 2020 to 2030.
P&G’s priority continues to be reducing emissions. P&G
has an existing goal of reducing greenhouse gas emissions by 50%
and purchasing 100% renewable electricity by 2030 and is on track
to deliver on its 2030 commitments. In addition, P&G will
continue pursuing new wind, solar and geothermal projects to
further accelerate the transition to renewables. These efforts are
aligned with what climate science says is needed to help ensure the
Company does its part to limit global temperature increase and will
continue well beyond 2030. However, based on today’s technologies,
there are some emissions that cannot be eliminated by 2030. By
investing in natural climate solutions, the Company will accelerate
its impact over the next 10 years.
A Critical Window
Recent reports have highlighted that the world is falling short
of the greenhouse gas emission reductions needed and that the next
decade represents a critical window to reduce emissions and be on a
path to limiting temperature increase to 1.5°C. That task will get
much harder if society doesn't start curbing emissions before the
decade ends. By 2050, carbon emissions must fall to zero, or close
to it. Failure to act now will put future generations at greater
risk from climate change impacts and make achieving the global
targets of the Paris Accord more difficult.
"Climate change is happening, and action is needed now,” said
David Taylor, P&G Chairman, President and Chief Executive
Officer. “By reducing our carbon footprint and investing in natural
climate solutions, we will be carbon neutral for the decade across
our operations and help protect vulnerable ecosystems and
communities around the world.”
Natural Climate Solutions: “Nature alone can solve up to
one-third of climate change”
P&G will partner with Conservation International and World
Wildlife Fund (WWF) to identify and fund a range of projects
designed to protect, improve and restore critical ecosystems like
forests, wetlands, grasslands and peatlands. In addition to
sequestering more carbon, an important aspect of natural climate
solutions is the potential to deliver meaningful environmental and
socioeconomic co-benefits that serve to protect and enhance nature
and improve the livelihoods of local communities. As P&G moves
forward, the company will seek to identify, measure and communicate
relevant co-benefits from its investment in nature.
P&G is developing a detailed project portfolio and investing
in projects across the globe. Projects already identified
include:
- Philippines Palawan Protection Project
with Conservation International - To protect, improve and
restore Palawan’s mangroves and critical ecosystems. Palawan is the
world’s fourth most “irreplaceable” area for unique and threatened
wildlife.
- Atlantic Forest Restoration Planning
with WWF - In the Atlantic Forest on Brazil’s east coast,
laying the groundwork for forest landscape restoration with
meaningful impacts on biodiversity, water, food security and other
co-benefits for local communities.
- Evergreen Alliance with Arbor Day
Foundation - Bringing corporations, communities and citizens
together to take critical action to preserve the necessities of
life affected by climate change—including planting trees to restore
areas devastated by wildfires in Northern California and enhance
forests in Germany.
“Nature must be a key part of any strategy to combat the climate
crisis,” said Dr. M. Sanjayan, CEO of Conservation International.
“Research shows that we cannot meet our climate goals unless we
protect, restore and improve the management of carbon-rich
ecosystems. Done right, these efforts can deliver a third of the
emissions reductions needed within the next decade, and
importantly, support the livelihoods of communities on the front
lines of climate change. We’re delighted to be working with Procter
& Gamble to protect nature – an investment that is a win for
people and our planet.”
“We’ve worked with P&G to drive climate progress and
safeguard forests for over a decade, because the scope of their
business means they can deliver results at a scale that matters,”
said Carter Roberts, U.S. President and CEO of WWF. “Importantly,
that progress hasn’t been limited to their own corporate footprint.
P&G was an early partner in the Renewable Energy Buyers
Alliance, which has helped expand corporate renewable energy
procurements across the United States. Today’s announcement marks
further progress by putting a greater focus on the role that
preserving nature can play – not just in absorbing carbon
emissions, but in providing the services and resources that sustain
life on earth. We look forward to working with P&G to achieve
these new commitments over the next decade.”
P&G Brands take the lead on carbon footprint reduction
and climate positive habit changes
Committing to going beyond its Science Based Target for reducing
operational emissions is important, but the Company will not stop
there. For more than two decades, P&G has been committed to
harnessing the scientific rigor of the Life Cycle Assessment of its
products to better understand the emissions from its supply chain
and consumer use of its products (Scope 3 emissions). Up to 85% of
P&G’s Scope 3 emissions are from consumer use of its products.
P&G reaches five billion people through its brands, and with
this scale comes a responsibility to give consumers the power to
reduce their own carbon footprints with products that are designed
to help save energy, water and natural resources.
- More than 60% of a laundry detergent’s
footprint is in the consumer use phase, mostly related to the
energy used to heat the water. Ariel and Tide have been optimizing
detergent formulas for high efficiency in low temperature washing
and inspiring positive “Turn to 30” and “Cold Water Wash” laundry
behaviors. The goal is to have 70% of machine loads be low-energy
cycle loads, and major progress has been achieved by educating
consumers in the U.S. over the last ten years on the benefits of
low-energy wash cycles. P&G estimates that since 2015, the
avoided emissions from consumers increasing their use of low-energy
laundry cycles have been roughly 15 million metric tons of CO2,
which is equivalent to taking three million cars off the road.
- Busting a popular myth, Cascade is showing
consumers how the dishwasher is designed to be more water and
energy efficient than washing in the sink. Cascade and Fairy
Automatic Dish Washing Tablets allow consumers to skip pre-wash and
save water and the energy needed to heat the water. Fairy and Dawn
Dish Washing Liquid’s grease cutting power enables water and energy
savings: by reducing the water temperature 20°C (36°F), consumers
can save up to 50% CO2 of the total footprint every wash.
“Our role as leaders is to make a lower emission economy and
lifestyle possible, affordable and desirable for everyone,” said
Virginie Helias, P&G’s Chief Sustainability Officer. “It is our
responsibility to protect critical carbon reserves and invest in
solutions that regenerate our planet. Consumers also want to do
more to address climate change. As a company, we touch five billion
people with our brands; we are striving to make a difference every
day by encouraging responsible consumption with products that are
effective and intuitive to enable adoption of new lower emission
habits.”
Today at 8am EST/2pm CET, P&G is convening experts and
climate leaders for a roundtable hosted by National Geographic to
discuss the power of nature as a climate solution. Participants
include P&G CEO David Taylor, P&G Chief Sustainability
Officer Virginie Helias, Conservation International CEO Dr. M.
Sanjayan, Word Wildlife Fund U.S. CEO Carter Roberts, and climate
activists Clover Hogan, Jiaxuan Zhang, Kehkashan Basu and Vanessa
Nakate.
To learn more about P&G’s new commitment to advance natural
climate solutions and become carbon neutral for the decade, visit
our Multi Media Release site.
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
https://www.pg.com/ for the latest news and information about
P&G and its brands.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200716005294/en/
P&G Media: Maria Burquest P&G, Global Communications
Burquest.mh@pg.com Loukia Tzekaki P&G, Europe Communications
Tzekaki.l@pg.com
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