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As You Sow Planting Seeds For Social Change



Procter & Gamble

P&G is the world's largest maker of consumer packaged goods.

P&G is the world's largest maker of consumer packaged goods, operating in more than 180 countries.

In 2011, As You Sow filed a shareholder resolution asking P&G to report on the feasibility of adopting an extended producer responsibility (“EPR”) policy for packaging. This was one of the first shareholder resolutions to focus on EPR.

We later withdrew the resolution to engage in a series of dialogues with the company regarding how P&G might successfully move forward on this issue.

Although As You Sow appreciates the company’s willingness to discuss its views, we have not been convinced that the company has sufficiently prioritized action on responsibility for post-consumer packaging in the U.S., or that it is interested in pursuing an updated study of EPR programs with the potential to dramatically increase packaging recycling rates.

We were disappointed that P&G appears to have abdicated in-house responsibility on post-consumer packaging to a trade group, the Grocery Manufacturers Association, which strongly opposes any producer responsibility requirements for packaging and has demonstrated no interest in undertaking a balanced review of EPR programs.

As a result, in 2012 As You Sow filed another shareholder resolution. It was co-filed by Green Century Equity Fund and Trillium Asset Management. Walden Asset Management is also a partner in our ongoing dialogue with the company.

On October 4, 2012, 15 socially concerned investors sent a letter to the company endorsing the shareholder proposal and asking the company to be more proactive on developing EPR for packaging policies

The proposal received the support of nearly 6% of shareholders voting, an amount that will allow us to re-file the proposal in 2013.

Read our proxy memo making the case for P&G investors to support this proposal, including a discussion of how the company lags peers on EPR for packaging.

Read more about our work on Consumer Packaging >>




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