P&G HASTENS CLIMATE CHANGE ACTION TOWARD NET ZERO GHG EMISSIONS BY 2040

KUALA LUMPUR, Sept 15 (Bernama) -- 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.

“We are fully committed to use P&G’s innovation and ingenuity to unlock new solutions to address climate change,” said Chairman, P&G President and Chief Executive Officer, David S. Taylor in a statement.

“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 2030 goals to pace its progress toward net zero were submitted to The Science Based Targets initiative (SBTi): reducing emissions across operations by 50 per cent and reducing emissions across supply chain by 40 per cent.

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

The company's top priority is to significantly reduce GHG emissions as quickly as possible with solutions that exist today, including reducing emissions across operations; accelerating renewable electricity; and, decarbonising its supply chain and logistics.

The company knows there are some operational emissions cannot be eliminated yet and its teams are working hard to develop the next generation of low-carbon technologies and materials. Its efforts in this area include leveraging renewable thermal energy and advancing low-carbon technologies, materials, and packaging.

P&G is also going beyond its net zero ambition and doing more to make a collective impact - partnering with consumers to reduce GHG emissions from the use phase of products, creating alliances for carbon-efficient homes, and advocating for policy solutions to decarbonise energy infrastructure.

More details at http://www.pg.com.

-- BERNAMA