Primary: Water efficiency in operations and water restoration P&G declared objectives toward improving efficiency of water usage in operations and driving a global portfolio of water restoration projects that help address water scarcity in key water basins.
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Argentina business divestiture On July 1, 2024, the Company completed the divestiture of its business in Argentina. Expected non-cash charge of approximately $750 million for accumulated foreign currency translation losses in Q1 FY2025.
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Limited market portfolio restructuring (Enterprise Markets including Nigeria, Argentina) In December 2023, the Company announced a limited market portfolio restructuring of business operations, primarily in certain Enterprise Markets including Argentina and Nigeria. Expected incremental restructuring charges of $1.0 to $1.5 billion after tax, primarily foreign currency translation losses on substantial liquidation.
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UK Environment Agency Emissions Trading Systems penalty notification P&G UK received notification from the U.K. Environment Agency of intent to assess a civil penalty for prior inadvertent failure to secure required permit for London-based manufacturing site under EU and UK Emission Trading Systems. Site has been properly registered since March 2021.
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Gillette intangible asset impairment Recorded $1.3 billion before tax ($1.0 billion after tax) non-cash impairment charge on Gillette indefinite-lived intangible asset due to higher discount rate, currency weakening, and impact of restructuring program.
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Primary: Packaging dematerialisation and plastic reduction Fabric Care team is replacing large volumes of bulk ingredients with materials created to deliver same impact with less weight, reducing water and plastic. Lenor Unstoppables converted from plastic bottle to cardboard pack recyclable through local paper waste streams, helping avoid the equivalent of 2,800 metric tons of plastic in Europe while driving 40% sales increase.
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Primary: Renewable electricity for operations P&G has declared objectives towards purchasing renewable electricity for our operations as part of its 2040 net zero ambition. Climate Transition Action Plan outlines ongoing efforts toward reducing GHG emissions across scopes 1 and 2 and elements of scope 3.
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Dependent: Consumer-use product innovation enabling lower footprint P&G's sustainability work includes enabling consumers to reduce their footprint through superior products that are more sustainable. Example: Cascade Platinum Plus with ENERGY STAR dishwashers uses <4 gallons per cycle versus up to 24 gallons handwashing, reducing water in consumer use phase.
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Dependent: Responsible sourcing of forest-based commodities Company has declared objectives toward responsible sourcing of key forest-based commodities to address supply chain emissions and deforestation risk.
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