MOSCOW (MRC) -- Procter & Gamble (P&G) has pledged to ensure that its operational emissions are neutralised by 2030 - an aim is striving to achieve through investment in nature-based climate solutions, said the company.
Building on an existing pledge to halve Scope 1 (direct) and Scope 2 (power-related) emissions by 2030 against a 2010 baseline, the new commitment will see P&G using a mixture of insetting and offsetting to bring residual emissions across these scopes to net-zero. P&G estimates that its annual Scope 1 and Scope 2 emissions will be 30 million metric tonnes in 2030, once it has completed the shift to 100% renewable electricity.
While some insetting and offsetting initiatives centre around renewable energy and clean fuel, P&G has chosen to back nature-based projects which serve to protect, improve or restore habitats. Key focus areas will be peatlands, wetlands and forests.
"The company’s intent is to work with NGO partners to ensure any project it advances under this effort is appropriately vetted to ensure the project, its impacts, and any accounting methodologies used are credible and consistent with best practice,” P&G said in a statement. The consumer goods giant is working with Conservation International, WWF and the Abor Day Foundation already and says it is open to forging additional partnerships.
"Our role as leaders is to make a lower-emission economy possible, affordable and desirable for everyone,” P&G’s chief sustainability officer Virginie Helias said. “It is our responsibility to protect critical carbon reserves and invest in solutions that regenerate our planet."
While the new target does not cover Scope 3 (indirect) emissions, P&G is working with the Science-Based Targets Initiative (SBTi) to develop and deliver against new ambitions in this area. The firm’s previous carbon footprint mapping exercises have proven that the vast majority – 85% - of its Scope 3 emissions are associated with consumer use and disposal of products. As such, it sees communication with consumers as a key level for reducing emissions, providing on-pack and online information on responsible use.
Russia's output of chemical products rose by 4.4% year on year in May 2020 . Thus, production of basic chemicals increased year on year by 5.4% in the first five months of 2020. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the output in January-May.
MRC