P&G drops forest pledge, drawing ire of green groups, investors
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.