PG Pledges Carbon Neutral Operations Through Next Decade
July 16 2020 - 8:22AM
Dow Jones News
By Dieter Holger
Procter & Gamble Co. on Thursday said it would invest in
nature conservancy projects to offset its emissions with the aim of
operating as a carbon neutral company throughout the next
decade.
The Cincinnati, Ohio-based home goods giant said it would fund a
portfolio of ecology plans through a partnership with the
nonprofits Conservation International and the World Wildlife
Fund.
P&G said it had already identified at least three projects,
including restoring trees that California's wildfires destroyed and
protecting mangroves in the Philippines's Palawan archipelago.
The move adds to P&G's previous pledge to cut half of its
greenhouse gas emissions and purchase 100% renewable electricity by
2030.
"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," David Taylor, chairman, president
and chief executive of P&G, said in prepared remarks.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
July 16, 2020 08:07 ET (12:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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