Focus: P&G drops forest pledge, drawing ire of green groups, investors reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Global consumer products maker Procter & Gamble dropped its pledge from a corporate policy to not buy wood pulp from degraded forests, a company executive disclosed to investors in a previously-unreported July 18 briefing. The change drew the ire of several P&G investors. "In an era where companies are moving forward on climate risk," the change marks a "step backward," Leslie Samuelrich, the president of P&G investor Green Century Funds, told Reuters.
P&G sparks anger among investors and environmental groups as it drops forests protection pledge - Business & Human Rights Resource Centre business-humanrights.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-humanrights.org Daily Mail and Mail on Sunday newspapers.