At this year's Annual General Meeting of Procter & Gamble (P&G), shareholders rejected a proposal that would have called for extended reporting on the use and reduction of plastic packaging.
The aim of the proposal was to create additional transparency about packaging materials, recyclability and progress in reducing plastic waste.
However, the motion failed to gain a majority.
P&G is therefore sticking to its existing sustainability strategy, which, according to the company, aims to make all packaging recyclable or reusable by 2030. The company reports annually on its progress in the areas of packaging design, material reduction and the circular economy in its ESG Report.
P&G emphasises that significant progress has already been made - for example through the increased use of recycled plastics in household and personal care products and through cooperation with packaging and recycling partners worldwide. However, critics point out that a more detailed disclosure format would help to better understand the actual proportion of virgin plastic in packaging and verify the impact of the measures.
Source: Procter & Gamble
