KUALA LUMPUR, July 17 -- The Procter & Gamble Company (P&G) has announced a new commitment to have its global operations carbon neutral for the decade via a series of interventions that protect, improve and restore nature.
According to a statement, P&G will go beyond its existing Science Based Target of reducing greenhouse gas emissions by 50 per cent by additionally advancing a portfolio of natural climate solutions.
These efforts will deliver a carbon benefit that balances any remaining emissions over the next 10 years, allowing P&G operations to be carbon neutral for the decade.
Based on current estimates, the Company will need to balance approximately 30 million metric tonnes of carbon from 2020 to 2030.
In addition, P&G will continue pursuing new wind, solar and geothermal projects to further accelerate the transition to renewables. These efforts are aligned with what climate science says is needed to help ensure the Company does its part to limit global temperature increase and will continue well beyond 2030.
P&G will partner with Conservation International and World Wildlife Fund (WWF) to identify and fund a range of projects designed to protect, improve and restore critical ecosystems like forests, wetlands, grasslands and peatlands.
The company is developing a detailed project portfolio and investing in projects globally. Identified projects include Philippines Palawan Protection Project with Conservation International; Atlantic Forest Restoration Planning with WWF; and, Evergreen Alliance with Arbor Day Foundation.
More details at https://www.pg.com/
-- BERNAMA
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