Procter & Gamble Co (NYSE:PG) which is in top gear in its plans to have greenhouse gas emissions produced from its facilities reduced to a tune of 30% by year 2020. The company says that this will play a vital role in minimizing their impact on climate change. According to a statement from the world’s largest consumer-products maker, its primary focus will be on energy conservation and renewable-energy use.
The move will be so beneficial to the maker of Bounty paper towels and Pampers diapers since they will also be able to cut on costs and at the same time strengthen their branding.
Apart from this, P&G is becoming part of Climate Savers Program. The Program that is commonly under the sponsorship of the World Wildlife Fund gives companies ability to collaborate in addressing climate change. So far, the members of this program include Sony Corp (ADR) (NYSE:SNE), Coca-Cola Co., and Johnson & Johnson (NYSE:JNJ).
Everyone will attest to the fact that Climate change is a global issue. As such the selection of the 30% target by P&G was in consideration of the latest science presented by the Intergovernmental Panel on Climate Change. The reduction shows that P&G is committed towards supporting global efforts to prevent global temperatures from accelerating to undesirable levels.
According to Len Sauers, vice president, global sustainability for P&G, companies, governments, and individuals all have a role to play towards the Climate change is a global issue.
And having been in partnership with WWF, P&G has received immense recognition for its leadership in allocating a reduction target. Senior vice president, private sector engagement at World Wildlife Fund Suzanne Apple, says that this portrays significant commitment and other Companies should be inspired to take up the same action.
Procter & Gamble Co (NYSE:PG) is now working on a determination race that will help in maintaining a focus on energy conservation. At the same it will be increasing its use of renewables. It has this firm certainty that it will be for the benefit of the environment.
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