Country: United States
Campaign groups are backed by responsible investors in the US Campaign groups are backed by responsible investors in the US Campaign groups are backed by responsible investors in the US
May 13th, 2021
Environmental campaign groups will issue an ‘investor risk alert’ for consumer goods giant Proctor and Gamble (P&G) today, backed by sustainability-focused investors.
The alert seeks to warn investors about an alleged lack of action by P&G on deforestation and working conditions in its supply chains in Canada, Indonesia and Malaysia.
Focusing on its palm oil and pulp sourcing, the alert highlights a string of problems with P&G’s supply chains, claiming there is “deforestation and human rights violations in their commodity production and processing operations”, including the use of forced labour.
“The US Customs and Border Protection’s Office of Trade has been blocking shipments of palm oil from P&G’s largest palm oil supplier since September 2020 due to its use of forced labor,” says the alert, adding that supply chains for its toilet paper and paper towels are degrading climate-critical primary forests in Canada, damaging habitat for …