Procter & Gamble

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

• · berkeley_voluntary_registry

P&G has declared objectives toward purchasing renewable electricity for its operations as part of its 2040 net zero ambition and Climate Transition Action Plan. Specific volumes, PPA structures, or RE100 commitments are not disclosed in the 10-K.

No narrative on durable removals approach in the firm's most recent reports.

• Supply Chain 3.0 productivity and efficiency

  Supply Chain 3.0 enables automation, data synchronization and digitization, including a >99% reduction in labour effort for retailer shipment check-in. Improves truck use and reduces transport-related emissions intensity. Targeted gross COGS savings of up to $1.5 billion before tax.

• Scope 1 & 2 operational emissions reduction

  P&G's Climate Transition Action Plan outlines ongoing efforts to reduce greenhouse gas emissions across Scopes 1 and 2 across own manufacturing operations (102 sites in 34 countries) as a primary lever toward the 2040 net zero ambition.

• Water efficiency in operations and watershed restoration

  P&G has declared objectives toward improving water usage efficiency in operations and driving a global portfolio of water restoration projects that help address water scarcity in key water basins.

• Scope 3 elements / value chain decarbonisation

  The Climate Transition Action Plan addresses 'elements of Scope 3' alongside Scopes 1 and 2. P&G acknowledges progress depends on stakeholders and developments beyond its control. Specific Scope 3 category targets are not disclosed in the 10-K.

• Plastic packaging reduction and recyclability

  P&G has declared objectives to reduce use of virgin petroleum-based plastic in packaging and increase recyclability/reusability of packaging. Example cited: Lenor Unstoppables conversion from plastic bottle to cardboard pack avoided ~2,800 metric tons of plastic in Europe while driving 40% sales growth.

• Responsible sourcing of forest-based commodities

  P&G has declared objectives for responsible sourcing of key forest-based commodities as part of its sustainability priorities.