While those in the beauty industry continue to speculate as to whether or not P&G’s future will be a bright one following its recent beauty sell-off to Coty, they can be fairly certain that it will be focused on green technology.
The household and personal care giant has set itself a new goal to cut absolute greenhouse gas emissions from its facilities by 30% by 2020.
P&G has partnered with the World Wildlife Fund (WWF) to create its new plan, and will also be joining the Climate Savers Program, which is sponsored by WWF. The programme enables companies to work together to prevent and reverse climate change. To meet its goal, P&G's strategy focuses on energy conservation and making more use of renewable energy sources.
Martin Riant, Group President at P&G and Executive Sponsor for Global Sustainability, said: “We set this goal with the firm belief that it will be good for the environment and good for our business. Energy conservation and increasing renewable energy will not only drive emission reductions, but will decrease costs and help create innovative solutions that will help our brands win with consumers.”
Len Sauers, Vice President of Global Sustainability for P&G, added: “Climate change is a global issue, and we believe everyone – companies, governments, and individuals – all have a role to play. We felt it was important to come forward with an ambitious, science-based goal to help do our part to address the challenges that climate change poses.”
Meanwhile, Suzanne Apple, Senior Vice President, Private Sector Engagement at the World Wildlife Fund, explained that WWF was pleased to welcome P&G as ithe newest member of its Climate Savers Program, saying: “We recognise P&G for its leadership in setting a reduction target that is grounded in climate science. This is a significant commitment that will lead to measurable reductions in P&G’s greenhouse gas emissions while inspiring other companies to step up and take action.”
