Business News
Procter & Gamble Selected as one of the “Global 100 Most Sustainable Corporations”
Friday 30. January 2009 - P&G Sustainability Initiatives Honored during World Economic Forum in Davos
The Procter & Gamble Company (NYSE:PG) today announced that it has been selected as one of the “Global 100 Most Sustainable Corporations in the World” for 2009 by Corporate Knights Inc. and Innovest Strategic Value Advisors Inc. The Global 100 is awarded based on how effectively corporations manage environmental, social and governance risks and opportunities, relative to their industry peers.
The distinction was announced at the World Economic Forum in Davos this month as part of a roundtable discussion on how to further sustainability goals amidst the current economic environment. This is the first time P&G has received this award, the result of its diligent efforts with key stakeholders, employees and customers to further its global sustainability progress.
In 2008 alone, P&G reduced water consumption by seven percent, energy usage by six percent and CO 2 emissions by eight percent. Through its commitment to social responsibility, P&G also invested in improving the lives of more than 60 million children in need and in 2008 delivered 430 million liters of clean drinking water around the world. These and other sustainability initiatives are detailed in P&G’s latest sustainability report titled “Designed to Innovate
Sustainably.”
“We’ve made excellent progress in improving the environmental profile of our products and operations, and improving lives around the world,” said Len Sauers, vice president of global sustainability. “Our comprehensive approach to sustainability is a testament to our innovation, and has allowed us to not only have an impact in the short-term but to also embolden our efforts for the years to come.”
Launched in 2005, the annual Global 100 is unveiled each year at the World Economic Forum in Davos and through Business Week Magazine. The list was established to highlight the most sustainable companies in the world who successfully tackle key social and environmental factors they face in everyday operations.