P&G potentially damaging their environmental reputation as they will likely miss their 2020 deforestation goals
P&G is a Fast-Moving Consumer Good (FMCG) company in the Home and Personal Care segment that potentially faces significant reputation risk, which is valued at USD 41 billion. A previous CRR report concluded that FMCGs may face reputation risks when sourcing from deforested land and this number shows how high that impact is2.
Procter & Gamble buying palm oil linked to Indonesia wild fires
This year again, Indonesia was ravaged by forest fires, with more than 42,700 hectares of land having been burned (two times more than last year). The Indonesian rainforest hosts "10% of the world's species of reptiles, birds, mammals, and fish", and has a vital role in our world for its biodiversity and as a place of carbon storage. The fires are seriously threatening life on land, putting this unique biodiversity at risk.
Procter & Gamble's strategy towards reducing its impact on deforestation and restore degraded forests
Procter and Gamble operates leading multinational brands commercializing tissue and absorbent hygiene products (Charmin, Bounty, Always, Pampers).
P&G's impact on ocean plastic pollution
Every year the amount of plastics weighing as much as 2 million elephants ends up in oceans. A recent study found that the same amount of plastic waste can be found in deep ocean environments as well as it floats on the ocean surface. This poses both an environmental threat and a global health threat as most plastics end up in the food chain through fish consumption.
Actions taken by P&G to have 90% recyclable and reusable packaging by 2020.
As we probably all know by now, plastic pollution - not only in the ocean but also everywhere on land - is a growing issue. Most of this plastic is the packaging of items used in our everyday lives. According to The Ellen MacArthur Foundation report, if we do nothing, there will be more plastic than fish in global oceans by 2050 [1; p:16].