Procter & Gamble has announced its ambition to achieve net-zero greenhouse gas (GHG) emissions across its entire supply chain and operations, from raw material to retailer, by 2040.
This commitment is supported by a new Climate Transition Action Plan and builds on the company’s existing goals. The strategy is centered on significantly reducing absolute GHG emissions in its operations and supply chain. Any remaining emissions will be balanced by 2040 through the advancement of natural or technical solutions that remove an equivalent amount of GHGs from the atmosphere.
Climate:
P&G’s plan includes new science-based targets for 2030, a key milestone on the path to 2040. The company aims to reduce Scope 1 and 2 emissions by 50% by 2030 (versus a 2010 baseline). It is also committed to reducing emissions from its supply chain, which are ten times greater than those from its operations.
To this end, P&G has set a goal to reduce Scope 3 emissions in key categories by 40% per unit of production by 2030 (versus a 2020 baseline). This will be achieved through partnerships with suppliers to reduce their carbon footprints and by improving transportation efficiency.
Waste:
The company’s approach to sustainability extends to product and packaging design, focusing on the end of life treatment of sold products, which is a significant component of its scope 3 emissions.
P&G is working to enable a more circular economy by promoting the use of lightweight, low-carbon materials and innovating packaging to be more recyclable and reusable. These efforts are designed to minimize waste and reduce the overall environmental footprint.
Water:
While the primary focus of P&G’s latest announcement is on climate action, the company recognizes water as a critical aspect of its sustainability work. The provided information does not detail P&G’s specific water-related goals, as this report focuses solely on the company’s climate strategy and GHG emissions targets.
Nature:
To balance any remaining emissions that cannot be eliminated by 2040, P&G plans to advance natural or technical solutions. This includes a commitment to invest in and advocate for solutions that protect, restore, and grow forests and other ecosystems that are essential for people and wildlife.
P&G’s Strategy:
The company’s overarching strategy is to use innovation to deliver irresistibly superior products that are also more sustainable. P&G aims to make a positive impact on climate change at three levels: reducing its own footprint, enabling consumers to reduce their footprint through the use of its products, and helping the broader industry reduce its footprint through scalable solutions. This requires extensive collaboration across private, non-profit, and public sectors to accelerate the transformation of energy and transportation infrastructure on a global scale.
