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Procter & Gamble to disclose wood-pulp audit details, investors say

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Procter & Gamble has promised a group of shareholders it will disclose more details about how it audits wood-pulp suppliers, the investors told Reuters, after shareholders pushed the maker of Charmin toilet paper for years to source forest products more sustainably.
Procter & Gamble (P&G) is facing pressure from investors to provide more detailed information about its wood pulp sourcing practices, particularly concerning the environmental and social impacts of its supply chain. Investors, including the Church of England Pensions Board and the Australasian Centre for Corporate Responsibility, have expressed concerns over the lack of transparency in P&G's audits of wood pulp suppliers. They argue that the current disclosures do not adequately address issues like deforestation, land rights, and the welfare of workers and local communities. P&G has committed to sustainable sourcing but has not released comprehensive audit results or detailed action plans to address these concerns. The investors are pushing for P&G to enhance its reporting to include specifics on audit findings, corrective actions taken, and progress towards sustainability goals, highlighting the need for greater accountability in the company's supply chain practices.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/procter-gamble-disclose-more-details-about-wood-pulp-audits-investors-say-2024-12-16/ ]