Investors, Public Interest Groups Call On Procter & Gamble To Pay For Packaging Recycling

Procter & Gamble investors joined public interest organizations, including As You Sow, Conservation Law Foundation, Cradle2 Coalition, Trillium Asset Management, and Walden Asset Management, are calling on the consumer goods manufacturer to support a shareholder proposal to look at the feasibility of paying for recycling of used product packaging. The groups urged P&G CEO Bob McDonald to extend producer responsibility policy, which transfers responsibility for financing recycling of materials from taxpayers and governments to manufacturers. P&G shareholders also expressed their concern about potential revenue losses from the company's failure to adopt EPR measures.