CINCINNATI: Procter & Gamble says it wants to achieve net-zero supply chain emissions - from raw material to retailer - by 2040. It will use trees or carbon capture to account for any residual emissions.
The company has submitted a plan to the Science Based Targets initiative (SBTi) to reduce operational emissions by 50 percent and 40 percent from its supply chain by 2030. It has also joined the UN’s Business Ambition for 1.5°C campaign.
“While no one has all of the answers on how to bring a net zero-future into focus, we will not let uncertainty hold us back,” commented P&G Chief Sustainability Officer Virginie Helias. “This will require partnership across the private, nonprofit, and public sectors and involve every aspect of our business, from the very beginning of our products’ lifecycle to the very end.”
P&G has partnered with the World Wildlife Fund (WWF), manufacturers and local governments to create the Renewable Thermal Collaborative in a bid to identify cost-competitive thermal energy solutions.
“Thermal energy represents a significant challenge for many industries as they chart a path towards net zero,” said Marcene Mitchell, WWF SVP Climate Change. “The Renewable Thermal Collaborative can help unlock sustainable, scalable solutions that cut emissions. P&G is a founding member of [it] and has shown strong leadership in this space.”
P&G has also established a new Product Supply Innovation Center in Kronberg, Germany as a hub for local suppliers, tech companies and universities to develop solutions that are global and scalable to help cut emissions from its supply chain that are “about 10 times that of our operations”.
Story Type: News