P&G shares plans to accelerate climate change action
P&G is aiming to achieve net-zero greenhouse gas emissions across its operations and supply chain, from raw material to retailer, by 2040.
The company’s climate actions began over 10 years ago, but P&G said there is more work to do. Its science-based plan to net zero will prioritise cutting most emissions across its operations and supply chain. For residual emissions in these categories that cannot be eliminated, the firm will use ‘natural or technical solutions’ that remove and store carbon.
The targets include:
- Acting with urgency to reduce emissions, including accelerating renewable electricity purchasing and decarbonising P&G’s supply chain and logistics;
- Tackling challenges by inventing new solutions, such as leveraging renewable thermal energy, advancing low-carbon technologies, materials and packaging, and exploring ingredients made from captured CO2;
- Creating a decarbonised future through transformative collaboration, including making sustainability ‘effortless’ at home, reducing 15 million tons of carbon through cold water washing, and ‘creating the home of the future’.
“We are fully committed to using P&G’s innovation and ingenuity to unlock new solutions to address climate change,” said David Taylor, P&G’s chairman, president and CEO.
“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.”
P&G also joined the UN’s Race to Zero and the Business Ambition for 1.5oC campaigns and is sharing its new Climate Transition Action Plan, outlining a comprehensive approach to accelerating climate action and the key challenges ahead.
Virginie Helias, P&G’s chief sustainability officer, commented: “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, non-profit, and public sectors and involve every aspect of our business, from the very beginning of our products’ life-cycle to the very end.”