Environmental and Human Rights Groups Urge P&G Investors to Support Deforestation & Intact Forest Degradation Resolution

Resource
October 06, 2020

In an investor brief sent on Tuesday to the largest shareholders of Procter & Gamble (P&G) stock, NRDC and its partners urged investors to vote their shares in support of Shareholder Proposal #5 for P&G to report on its efforts to eliminate deforestation and degradation of intact forests in its supply chains. The briefing note highlights a series of concerns spotlighted by global NGOs in recent years surrounding P&G’s wood pulp and palm oil supply chains, including the company’s ties to human rights abuses and the destruction of at-risk species habitat. As a result, P&G’s current supply chain management poses a series of risks to shareholder investments, which the company’s existing efforts and commitments have proven grossly insufficient to address. 

Shareholders therefore are urged to support the proposal asking P&G to report assessing if and how it could increase the scale, pace, and rigor of its efforts to eliminate deforestation and degradation of intact forests in its supply chains.