Procter & Gamble issues sustainability ultimatum
May 27, 2010
BATAVIA, OH — Procter & Gamble (P&G), makers of such classic brands as Tide, Bounty, Dove and Duracell, is giving its suppliers a sustainability ultimatum: Start measuring your carbon footprint, or "you''re outta here", according to Allvoices.
On May 12, P&G launched a supplier environmental sustainability scorecard and rating process designed to measure and improve the environmental performance of its key suppliers, the article stated.
The scorecard requires suppliers to set a benchmark and then set annual improvement levels for things like energy use, waste disposal, water use and greenhouse gas emissions, the article noted.
According to the article, the company believes that sustainability is a profitable strategy which will not only be good for the environment and save the company but also help them gain the loyalty and trust of more customers "in more parts of the world more completely," said Bob McDonald, chairman, chief executive officer (CEO) and president.
Suppliers will have one year to prepare before they will be penalized for non-compliance, the article added.
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