Procter & Gamble accelerates action on climate change toward net zero emissions by 2040

Procter & Gamble accelerates action on climate change toward net zero emissions by 2040

15-09-2021 14:32:06 | Door: Bob Koigi | Hits: 301 | Tags:

Procter & Gamble has announced a comprehensive plan to accelerate action related to climate change.

 P&G has also set a new ambition to achieve net zero greenhouse gas (GHG) emissions across its operations and supply chain, from raw material to retailer, by 2040 as well as interim 2030 goals to make meaningful progress this decade.

The climate crisis affects every home and family, everywhere in the world. The majority of consumers globally now want brands they buy to help them live a more environmentally conscious lifestyle and the latest science has made it clear that urgent, decisive action must be taken to avoid the worst impacts of climate change.

David S. Taylor, Chairman, President and Chief Executive Officer, Procter & Gamble:  “We are fully committed to use P&G’s innovation and ingenuity to unlock new solutions to address climate change,” said,. “The task ahead of us is urgent, difficult and much bigger than any single company or country. P&G is tackling these challenges head-on by reducing our footprint and leveraging our scale to foster unprecedented collaboration across our value chain.”

The company's science-based plan to net zero will prioritize cutting most of emissions across operations and supply chain, from raw material to retailer.

For residual emissions in these categories that cannot be eliminated, the company says it will use natural or technical solutions that remove and store carbon.

Procter & Gamble2030 goals to pace its progress toward net zero were submitted to The Science Based Targets initiative (SBTi):

Reducing emissions across operations by 50%

Reducing emissions across supply chain by 40%1

It has joined the UN’s Race to Zero and the Business Ambition for 1.5°C campaigns and are also sharing Procter & Gamble new Climate Transition Action Plan, which outlines a comprehensive approach to accelerating climate action and the key challenges ahead.

Virginie Helias, Chief Sustainability Officer, Procter & Gamble: “While no one has all of the answers on how to bring a net zero future into focus, we will not let uncertainty hold us back. To achieve these goals, we will leverage existing solutions and seek transformative new ones that are not available in the marketplace today. This will require partnership across the private, nonprofit, and public sectors and involve every aspect of our business, from the very beginning of our products’ lifecycle to the very end.”

Acting with Urgency to Reduce Emissions

The company says its priority is to significantly reduce GHG emissions as quickly as possible with solutions that exist today.

Reducing emissions across our operations. From 2010 to 2020 Procter & Gamble has reduced absolute emissions across its global operations 52% through energy efficiency and renewable electricity.

As the  company continuea to reduce emissions, it says it is also advancing natural climate solutions to balance any remaining emissions from its operations that cannot be eliminated by 2030. These include new projects that help protect and restore forests and other ecosystems essential to the people and wildlife that call them home.

 Procter & Gamble is nearing our 2030 goal of purchasing 100% renewable electricity by already purchasing 97% globally.

 In 2021, the United States Environmental Protection Agency recognized P&G as #5 on its National Top 100 list of green power users and #2 on its Top 30 list for on-site renewable power generationnationwide, making us top-rated in the consumer products industry.

Marcene Mitchell, Senior Vice President, Climate Change, World Wildlife Fund: “Thermal energy represents a significant challenge for many industries as they chart a path towards net zero. The Renewable Thermal Collaborative can help unlock sustainable, scalable solutions that cut emissions. P&G is a founding member of the RTC and has shown strong leadership in this space.”

www.pg.com

 


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