Procter & Gamble

"The Procter & Gamble Company has set a net zero target to achieve zero greenhouse gas emissions across its operations and supply chain by 2040. Net Zero Tracker
As an interim target, the company aims to reduce emissions by 50% relative to 2010 emissions by 2030. Net Zero Tracker
An interesting fact about their environmental policy is their commitment to natural climate solutions, which includes projects that protect and restore forests and other essential ecosystems. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant actors:"

Current Score (vs. LY)

50.8 pts (-7.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #67

S&P100: #45

Consumer Staples: #12

55.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

48.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 2,241,5422,217,5012,217,000
Scope 2 - location-based 2,436,0762,566,6690
Scope 2 - market-based 156,117402,3541,843,000
Scope 1-2 - location-based 4,677,6184,784,1702,217,000
Scope 1-2 - market-based 2,397,659 2,619,855 4,060,000
Scope 3 195,794,492247,239,8130
Total - location-based 200,472,110252,023,9832,217,000
Total - market-based 197,697,151 249,364,270 4,060,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 71,555,096267,121,900
Methodology Pre-calculated sector intensity (revenue)Scope 3 based on previous year

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Procter & Gamble belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 30.0 2010 2020
S1S2MKT 50.0 2010 2030

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 100.0 2019 2030
S1S2S3MKT 100.0 2020 2040 Note that all the scope 3 emissions categories are not fully covered

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2LOC FULL 2030
S1S2S3LOC PARTLY 2040

Science-based Targets (SBTI)

Date Published / Updated :01/11/2023

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2030 No target Yes
Procter & Gamble is a member of the Business Ambition for 1.5 campaign (link here )

P&G commits to reduce absolute scope 1 and 2 GHG emissions 63% by FY2030 from a FY2015 base year. P&G commits to increase active annual sourcing of renewable electricity from 21% in FY2015 to 100% by FY2030. P&G also commits to reduce scope 3 GHG emissions from purchased goods and services 40% per unit of production by FY2030 from a FY2020 base year. P&G commits to reduce scope 3 GHG emissions from upstream transportation and distribution 50% per tonne-kilometer over the same timeframe.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Procter & Gamble Company by zerotracker.net: Aug. 1, 2022
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Other conditions
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: interim target does not allow carbon credits In 2020, P&G committed to advancing natural climate solutions that will balance any remaining Scope 1 and 2 emissions we cannot eliminate through 2030 – effectively making our manufacturing operations carbon neutral for the decade. These include new projects that help protect and restore forests and other ecosystems essential to the people and wildlife that call them home. Our commitment to natural climate solutions recognizes the power of nature to deliver meaningful carbon, community, and ecosystem benefits now. https://s1.q4cdn.com/695946674/files/doc_downloads/esg/PG_CTAP.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 5.0 10.0 -5.0
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 -5.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 16.5 30.0 -10.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 2.5
Commitments 19.333333333333336 40.0 2.5
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 0.0
Results 15.0 30.0 0.0
Total 50.8 100.0 -7.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 5.0 -5.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 5.0 -2.5 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 2.5 -2.5 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2020 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2030 3.3 / 5.0 3.3 0.0 3.3
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 7.5 2.5 7.5
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 27.5
Actual (in %): 55.8
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 10.0 0.0 5.0
Total 50.8 / 100.0 58.3 -7.5 53.3


Available Data Sources

Reporting Year 2022 2021 2021 2021 2020 2020 2020 2020 2020 2020 2019 2019 2019 2019
Source Wikirate (NV) NZPDU Public Yourstake CDP NZPDU Public Public Yourstake Wikirate (NV) Public CDP NZPDU Wikirate (NV)
Publication Year 2023 2022 2022 2021 2021 2021 2022 2022 2020 2020 2022 2020 2020 unknown
Scope 1 2,160 2,241,542 2,242,000 2,242,000 2,217,501 2,217,501 2,218,000 2,221,000 NA NA 2,217,000 2,210,497 2,210,497 NA
Scope 2 - location-based 2,323,446 2,436,076 2,436,076 NA 2,566,669 2,566,669 2,566,617 NA 2,566,617 NA 0 2,544,389 2,544,389 NA
Scope 2 - market-based NA 156,117 156,000 156,000 402,354 402,354 402,000 404,000 NA NA 1,843,000 1,839,862 1,839,862 NA
Scope 1-2 - location-based 2,325,606 4,677,618 4,678,076 2,242,000 4,784,170 4,784,170 4,784,617 2,221,000 2,566,617 0 2,217,000 4,754,886 4,754,886 0
Scope 1-2 - market-based NA 2,397,659 2,398,000 2,398,000 2,619,855 2,619,855 2,620,000 2,625,000 NA NA 4,060,000 4,050,359 4,050,359 NA
Scope 3 190,840,000 195,794,492 195,794,000 195,794,000 247,239,813 247,239,813 247,239,813 0 0 247,239,813 0 381,313,043 381,313,043 235,218,042
Total - location-based 193,165,606 200,472,110 200,472,076 198,036,000 252,023,983 252,023,983 252,024,430 2,221,000 2,566,617 247,239,813 2,217,000 386,067,929 386,067,929 235,218,042
Total - market-based NA 197,697,151 197,697,000 198,192,000 249,364,270 249,364,270 249,859,813 2,625,000 NA NA 4,060,000 384,868,402 384,868,402 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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