Procter & Gamble* revises deforestation policy, but still endangers boreal forests

Media Contacts
Ellen Montgomery

Director, Public Lands Campaign, Environment America Research & Policy Center

P&G’s revised deforestation policy leaves intact boreal forests in danger

Environment America Research & Policy Center

DENVER — Procter & Gamble has agreed to make additional commitments to ensure compliance with no-deforestation practices in its supply chain but has once again declined to remove wood pulp sourced from intact forest landscapes from its supply chain. This new action comes nine months after a majority of shareholders voted in favor of a Green Century Capital Management° resolution calling on P&G to produce a deforestation report. 

Environment America Research & Policy Center Public Lands Campaign Director Ellen Montgomery issued the following statement:

“For the sake of our climate and the wildlife living in our forests, paper towels and toilet paper should be made from fibers that don’t come from forests. Unfortunately, Procter & Gamble will continue to make Charmin and Bounty from boreal forest trees. 

“The company continues to talk a good talk about the boreal forests, and its commitments to increase the percentage of Forest Stewardship Council certified wood pulp is undoubtedly a good thing, but there still seems to be no real progress away from intact forest wood pulp toward more sustainable fibers.

“For the sake of the billion birds and endangered caribou in the boreal, and for all living beings on Earth who benefit from the forest’s role in diminishing the effects of climate change, we need to keep boreal trees standing tall. The softest toilet paper in the world will not be much comfort if we destroy our environment to get it. 

“We urge P&G to reduce its impact on intact forests by using alternative fibers. We firmly believe that American consumers would be happy to buy a more eco-friendly product for their tissue needs.”




About Green Century Capital Management

°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (The Funds). The Green Century Funds are the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. Green Century Capital Management hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

*As of June 30, 2021, The Procter & Gamble Company comprised 0.59%, 1.73% and 0.00% of the Green Century Balanced Fund, the Green Century Equity Fund and the Green Century International Index Fund. As of the same date, other securities mentioned were not held in the portfolios of any of the Green Century Funds. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.

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