Forest Commodities Policy News Today

Global consumer products maker Procter & Gamble has dropped its pledge from a corporate policy to not buy wood pulp from degraded forests.

Global consumer products maker Procter & Gamble dropped its pledge from a corporate policy to not buy wood pulp from degraded forests, a company executive disclosed to investors in a previously-unreported July 18 briefing. The change drew the ire of several P&G investors. "In an era where companies are moving forward on climate risk," the change marks a "step backward," Leslie Samuelrich, the president of P&G investor Green Century Funds, told Reuters.

Procter & Gamble spends a lot of time and money on deforestation. Critics say it's more talk than action.

The founding families of Procter & Gamble Co. were progressive in the 1800s. Six generations later, some of them still are.