- Procter & Gamble (PG) is trying to balance its green initiative while securing as much profit as it can, as it caters to global sustainability while cutting company-wide costs.
- This spring, P&G promised to begin monitoring its entire palm oil supply by 2015, cut the water content in laundry detergent by a quarter (saving 45M gallons of water annually) by 2018, and rid oil from dirty suppliers by 2020. Procter & Gamble also joined with Wal-Mart (WMT) in the $100M Closed Loop Fund, which helps U.S. cities boost recycling programs.
- To balance its green initiative, the company is cutting 3,000 office jobs over the next two years, selling its pet food business, and is looking to cut $10B from costs by 2016.
at CNBC.com (Nov 18, 2014)