Boston, MA 10/14/2014 (wallstreetpr) – The Procter & Gamble Company (NYSE:PG) has announced plans to cut on water usage by 20% on all its manufacturing processes in the next six years. Plans are also underway to ensure the company achieves a 90% recycle rate of its packaging process by 2020.
Focus on Renewable Sources of Energy
Back in 2010, the largest consumer product maker set out to using 100% of renewable energy as well as recycled material as giant retailers led by Amazon asked it to reduce its packaging. The company has already achieved a number of successes with its conservation plans, having reduced water usage in its plants by 70% as of 2012.
The company is guided by 12 established environmental goals whose main aim is to ensure the company achieves 100% renewable energy use while also recycling any byproducts from its manufacturing process. The Procter & Gamble Company (NYSE:PG) maintains that its sustainability goals are intended to create value with consumer brands while also developing shareholder value.
The Procter & Gamble Company (NYSE:PG) is already on track to reduce its packaging by 20% per unit production by 2020 as the company looks to double the use of recycled resin in plastic packaging. The company is also putting plans in place that will ensure all its packaging are recyclable.
New Laundry System
The Procter & Gamble Company (NYSE:PG) is also in the process of formulating a plan that will replace its petroleum derived raw materials by 2020 as the company looks to replace the same with renewable materials. It has also launched its Tide Professional Coldwater System that has been designed for effective stain removal. The system is expected to be a great addition in terms of cost savings on laundry care expenses as it has low energy and water consumption rate compared to other systems especially in cold temperatures.
