Descendants of Procter & Gamble's founders lost a bid on Tuesday to oust CEO Jon Moeller and members of the committee overseeing environmental sustainability...
NEW YORK - Descendants of Procter & Gamble's founders lost a bid on Tuesday to oust CEO Jon Moeller and members of the committee overseeing environmental sustainability for allegedly failing to manage deforestation risks in the consumer goods maker's supply chain.
P&G, whose brands include Tide detergent, last year dropped a pledge from its corporate policy to not buy pulp, an essential material for products like Charmin toilet paper and Bounty paper towels, from degraded forests. The descendants told shareholders that P&G's forest commodities policy is "woefully insufficient and unclear."
Some shareholders and environmental non-profits have paid greater attention to P&G's sustainability policies and practices since 2020. A majority of investors that year passed a non-binding resolution urging P&G to assess how it could enhance efforts to eliminate deforestation and forest degradation in its supply chain.
WASHINGTON — Donald Trump has had as many as seven private phone calls with Vladimir Putin since leaving office and secretly sent the Russian president COVID-19 test machines during the height of the pandemic, Bob Woodward reported in his new book, “War."Investors managing more than £9trn in assets have backed a more "competitive" approach to British boardroom pay amid a growing debate about London's attractiveness as a listing destination.
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