News

Procter & Gamble commits to clarifying wood pulp sourcing policies

Media Contacts

Ellen Montgomery

Director, Public Lands Campaign, Environment America

Maker of Charmin toilet paper gets much of its raw materials from Canada’s pristine boreal forests

Aerial view of the boreal forestPhoto by Martin Poirier | Shutterstock.com

DENVER – Canada’s boreal forest includes some of the most majestic woodlands in the world — and some of the most endangered as well because of excessive logging. One product from logging, the wood pulp from those trees, is a key ingredient in extra-soft tissue paper. Now, Procter & Gamble (P&G), which uses that pulp in Charmin toilet paper, Bounty paper towels and other paper products, has taken a small step forward toward ultimately reducing its negative impact on the boreal forest.

P&G will clarify its policies, reiterating the company’s aim to eliminate using resources from intact forest landscapes and primary forests. The agreement came after discussions with the investment firms Green Century Capital Management° (Environment America’s affiliated mutual fund partner), AXA Investment Managers, BNP Paribas Asset Management and Robeco. In exchange, these investors have agreed to withdraw a shareholder proposal asking Proctor & Gamble to enhance its disclosures in relation to its efforts to mitigate risks to biodiversity and forest resilience.

Among the world’s largest and most important remaining forestlands, the boreal provides critical wildlife habitat for billions of birds and woodland caribou. After decades of logging, caribou populations, considered an indicator of overall biodiversity, have declined.

In response, Environment America’s Public Lands Campaign Director Ellen Montgomery released the following statement:

“We appreciate Proctor & Gamble’s response to calls to reduce its impact on the boreal forest. In the long-run, we’d prefer that the company eliminate entirely its sourcing from this forest, which houses so many animals and cleans our air. Better transparency is a good first step. When we can truly assess P&G’s policies, practices and impact, we’ll all know what the next steps should be.”

###

An investment strategy that incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

About Green Century

°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (The Funds). The Green Century Funds are one of the first families of fossil fuel-free, environmentally responsible mutual funds. Green Century 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.

*As of 9.30.2024, ProcterGamble comprised 0.72%, 1.60%, and 0.00%, of the Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century International Index Fund respectively. 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.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.greencentury.com, email
[email protected], or call 1-800-934-7336. Please read the Prospectus carefully before investing.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk.

This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.

The Green Century Funds are distributed by Distribution Services, LLC.

Topics

Related Posts

Retire On $460,000 In 2025 With This Simple 7-Fund Portfolio

Retire On $460,000 In 2025 With This Simple 7-Fund Portfolio

Có thể bạn quan tâm The Promise and Peril of Innovation Stock Active ETFs New next-day stock delivery will come at a cost: Know how T+0 settlement will…

Proprietary investment funds come with an important catch

Proprietary investment funds come with an important catch

Có thể bạn quan tâm Mutual Fund Conversions Hit Record in ETF Industry’s Epic Year The 10 Biggest Fund Upgrades of 2024 Lazard Emerging Markets Equity Portfolio Q3…

Best China Region Mutual Funds in 2024

Best China Region Mutual Funds in 2024

Có thể bạn quan tâm Five most important ETF research papers in 2024 3 Top-Ranked Mutual Funds for Your Retirement 3 Mid-Cap Blend Mutual Funds for Stellar Returns…

Is Invesco American Franchise A (VAFAX) a Strong Mutual Fund Pick Right Now?

3 Top-Ranked Mutual Funds for Your Retirement

Có thể bạn quan tâm 3 Mid-Cap Blend Mutual Funds for Stellar Returns Alger Spectra Fund Q3 2024 Commentary (Mutual Fund:SPECX) Databricks nears 9.5 billion mega-investment This software…

Lazard Asset Management profile picture

Lazard Emerging Markets Equity Portfolio Q3 2024 Commentary (Mutual Fund:LZEMX)

Có thể bạn quan tâm The Auspice One Fund Trust is Evolving to Serve You Better The Promise and Peril of Innovation Stock Active ETFs Best aggressive hybrid…

FINRA Fines Edward Jones, Osaic, Cambridge $8.2M to Settle Mutual Fund Fee Charges

FINRA Fines Edward Jones, Osaic, Cambridge $8.2M

Có thể bạn quan tâm The 10 Biggest Fund Downgrades of 2024 Sebi notifies SIF, new asset class between PMS and mutual funds with minimum investment of Rs…

Leave a Reply

Your email address will not be published. Required fields are marked *