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

No narrative on renewables strategy in the firm's most recent reports.

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

• 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.

• 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.

• 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.

• 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.

• 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.