(NYSE: PG), Stakeholder Capitalism Portfolio
Give a duck a bath
Remember the Dawn soap bottles with an adorable fuzzy duckling on the front?
You know, the dish soap.
That dish soap is a key resource in wildlife conservation. It’s actually the first thing wildlife rescuers reach for when they rescue an animal from an oil spill.
Obviously, Dawn is good for more than fighting greasy food stains.
P&G is Dawn’s parent company, and is committed to good care of animals through more than just dish soap.
Through the #BeCrueltyFree campaign, P&G committed to having cruelty-free animal practices. The company’s partnered with PETA and the Humane Society International through committing to the campaign.
People, the precedent for success
Employees are the DNA of any company.
This means your people are the genetic material of your company, which influences business development, functioning, and growth.
P&G addresses the rights of every person they employ with a concise Employee Rights Policy. We’re particularly a fan of the flexible work policy.
Too small for diapers
In your local CVS, take a minute to traverse the diaper aisle. You’ll find lots of diapers for infants up until 4 years of age.
However, not all infants are the same size at birth.
For premie babies (born way before their due date), there are no diapers for them because the babies are born so small.
As one of the largest businesses in consumer goods, P&G saw a need among their customers for preemie diapers.
Through their Pampers brand, the company tag-teamed designing diapers with Neonatal Intensive Care Unit (NICU) nurses, and there are now diapers available to fit even the smallest bottom – the Pampers Preemie Swaddlers Size P-3 diaper.
Clean your clothes here
Being a good community member in today’s society translates to being a proactive citizen of the world.
A lot of companies demonstrate care for the global community through internal programs, and P&G has their own programs to do so.
Our favorite of their programs of care are mobile laundry units for disaster relief – turns out, we don’t just need to rebuild people’s homes.
We need to ensure they can do (laundry) in the meantime too.
The 3 Rs are out
You know the adage: “Reduce, reuse, recycle”. We won’t be singing along.
It’s too late to simply focus on minimizing our waste. We need to focus on repairing the harm we’ve caused and restoring what we’ve used up.
P&G realizes this. The company is implementing what’s called circular practices into their operations to address the transition to repair and restoration of resources.
A few examples:
- Set an internal goal so that by 2030, no P&G plastic will find its way into the ocean
- Diaper materials repurposed into bottle caps and viscose (semi-synthetic fiber)
- 65% of Tide detergent is bio-based
Overall, P&G is a behemoth of industry impact. We’ll be updating on P&G’s impact as time progresses.