350 Wenatchee Climate Conversations NCW

Procter & Gamble – the multi-billion-dollar company behind household products like Tide detergent and Charmin toilet paper – is driving forest destruction, violations of Indigenous Peoples’ rights, and climate chaos. And get this, P&G’s largest investors are Wall Street giants BlackRock, Vanguard, and State Street.

With P&G’s annual shareholder meeting coming up in less than two weeks, it’s time to send a clear message that climate destruction and human rights violations are not acceptable business models. Will you call on P&G’s top investors to hold directors accountable for their failures to stop forest destruction and land grabbing?

P&G’s supply chains are destroying the world’s last standing forests and stealing land from Indigenous Peoples and local communities. For its Charmin toilet paper brand, P&G sources 100% virgin wood pulp from Canada’s boreal forests, contributing to the destruction of old-growth forests for single-use products. Canada’s boreal forests are the world’s largest carbon sink and an important line of defense against intensifying climate crisis.

In Indonesia, P&G’s palm oil suppliers are violently stealing land from local communities and criminalizing local farmers and land defenders when they resist the forcible takeover of their traditional lands. Palm oil companies routinely set fire to precious peatlands and forests to make way for plantations. In the process, they trample communities’ rights and destroy local livelihoods.

P&G has promised to address the environmental and human rights violations in its supply chains. But their guarantees amount to palm oil and pulp fiction.  

Send a clear message: Procter & Gamble directors must be removed from the company’s board for their climate and human rights failures.  

Asset managers like BlackRock and State Street talk a big game about addressing climate risks and holding companies accountable for driving climate destruction. But when it comes down to it, these trillion-dollar investors continue to support companies that have no meaningful plans to stop environmental destruction and human rights abuse. It’s time investors turned their big talk into action and follow through on their commitment to vote against company directors.

Will you join us and demand BlackRock, Vanguard, and State Street vote against P&G company directors responsible for climate chaos?  

In solidarity,
– the Stop the Money Pipeline team

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