P&G ANNOUNCES THAT IN FUTURE ALL PACKAGING WILL BE MADE FROM RENEWABLE OR RECYCLABLE MATERIALS

As part of its new sustainability agenda, consumer products giant Procter & Gamble has announced that in future all packaging will be made from renewable or recyclable materials and that it will eliminate all petroleum-based virgin plastics. The “2010 Sustainability Overview” outlines ambitious plans that are likely to have a far-reaching impact on the plastics and packaging industries. Included are targets for the elimination of waste, use of renewable energies and a reduction in truck transportation.

Accelerating its commitment to sustainability by unveiling a long-term environmental sustainability vision, P&G will work towards a long-term environmental sustainability vision that includes:

• Powering its plants with 100% renewable energy
• Using 100% renewable or recycled materials for all products and packaging
• Having zero consumer and manufacturing waste go to landfills
• Designing products that delight consumers while maximizing the conservation of resources 

The new vision provides P&G with a long-term framework to guide all sustainability decisions and goal-setting within the organization.

"Accelerating P&G's commitment to environmental sustainability is a critical component of the Company's ongoing Purpose inspired growth strategy to improve more consumers' lives in more parts of the world more completely," said Bob McDonald, P&G Chairman of the Board, President and Chief Executive Officer. "We're announcing this vision and these goals because we believe in the power of P&G's Purpose - and our responsibility as a Company to be a force for good in the world."

To enable the Company to track progress against its long-term sustainability vision, P&G will implement a series of 10-year sustainability goals. As this vision will take decades to achieve, these near-term goals will be used to focus Company efforts, incrementally improve the organization's environmental performance, and hold P&G accountable against its stated, long-term sustainability vision. The first set of 10-year sustainability goals will be delivered by 2020. These sustainability goals are in addition to the Company's existing 2012 goals. As with its current practice, P&G will report progress against these goals on an annual basis.

"P&G's commitment to sustainability can have a major influence on transforming the marketplace and we are pleased to have worked with them on their new sustainability vision," said Carter Roberts, Chief Executive Officer and President, World Wildlife Fund U.S. "By engaging with major companies like P&G, we can have broad and lasting impact on our conservation objectives. We look forward to continuing our work with P&G to achieve goals around renewable materials, packaging, forestry, energy and water, and to support WWF's on-the-ground conservation projects."

"We recognize our impact as a global company and accept our responsibility for continual improvement. By implementing this new vision, P&G is trying to help solve some of the key sustainability challenges the business community will face over the coming decades," said P&G Vice President, Global Sustainability, Len Sauers. "I am convinced that innovation can uncover solutions to the major sustainability issues facing us -- challenges like waste, emissions, and water use. Innovation and external partnerships are key components of a successful sustainability program. No one company can do it alone. It is important for companies to collaborate with external partners to tackle important topics that impact both our world and our businesses."