At the Company’s Annual Meeting

In win for advocacy groups, 67% of shareholders split from company’s recommendation and vote yes on key proposal to protect boreal forest of Canada, tropical forests in Southeast Asia.

Washington – In a shocking move by Procter & Gamble’s shareholders that defied the company’s own recommendations, two-thirds of Procter & Gamble (P&G) shareholders voted “yes” at the company’s annual meeting on Tuesday, October 13, to pass a proposal on forest sourcing and impacts. The vote is a clear indication that despite repeated insistence from company executives, the world’s largest consumer goods company is not doing enough to deal with the financial threats of deforestation and forest degradation in its supply chains.

67% of shareholders voted yes on Green Century Equity Fund’s shareholder proposal #5 (page 78), which reads “Shareholders request P&G issue a report assessing if and how it could increase the scale, pace, and rigor of its efforts to eliminate deforestation and the degradation of intact forests in its supply chains.” (See the full text of the resolution below.)

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Via https://popularresistance.org/pg-investors-challenge-ceo-over-forest-destruction-concerns/