Procter & Gamble net zero ambition 2040 needs collaboration says CEO

P&G published its ‘Climate Transition Action Plan’ outlining a series of interim 2030 goals to make “meaningful progress”​ towards its new ambition to achieve net zero greenhouse gas (GHG) emissions across its operations and supply chain – from raw material to retailer – by 2040.

All efforts would be measured using the Science-Based Targets initiative (SBTi)​ and aligned with recommendations from investor-led initiative Climate Action 100+ Net-Zero Company Benchmark.

On Monday, P&G also signed up to Amazon and Global Optimism’s The Climate Pledge alongside another 85 new signatories, cementing its net zero goal for 2040 ten years ahead of the Paris Agreement. Signatories to The Climate Pledge agree to: measure and report GHG emissions on a regular basis; implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations; and neutralise any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net zero annual carbon emissions by 2040.

Achieving net zero will require ‘transformative’ new tech

Between 2010 and 2020, P&G had already slashed absolute emissions across its global operations by 52% through energy efficiency and renewable electricity. By 2030, the company wanted to be purchasing 100% renewable energy; achieve a 50% upstream reduction on product freight emissions intensity; reduce supply chain emissions from priority categories by 40%; and use 100% recycled or reusable packaging across its entire portfolio.

Ahead of its 2040 net zero goal, the company said there would be plenty of transformative innovation needed.

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