P&G’s Moeller Withstands NGO Charges Of Environmental Foot-Dragging, Stays Board Chair
Executive Summary
Procter & Gamble Co. shareholders elected 10 incumbent directors and one new director to the company’s board on 11 October, each receiving more than 90% of votes, the company says. NGOs pushed for changes, including CEO Jon Moeller’s replacement with an independent director, citing rising concerns about P&G’s forest sourcing practices.
You may also be interested in...
P&G’s 2022 Top Partners Include Oral B Maker In India, IFF Among First Sustainability Winners
Makers of oral care and grooming products, nutritional ingredient suppliers and packaging providers among Procter & Gamble’s 11 “Partner of the Year” award winners. International Flavors and Fragrances one of six winners in first year of “Supplier Sustainability Award.”
P&G ‘Clear-Eyed’ On Challenges Ahead; Growth Will Soften, But Strategic Priorities Go Unchanged
Environmental sustainability and DEI will remain key priorities for P&G as it enters a fiscal 2023 that augurs even greater volatility than 2022. The firm’s net sales for the 12 months ended 30 June increased 5%, or 7% organic, to $80.2bn, propelled by an 8% pricing increase in the fourth quarter.
Unilever Targets Sustainable Palm Oil Alternative With $120m Biotech Deal
Unilever PLC partners with biotechnology company Genomatica to fund and scale plant-based alternatives to palm oil for personal care and cleaning products.