Nestle, P&G say they will miss 2020 deforestation goals

[Eugene]

Source: Reuters

SUSTAINABLE BUSINESS SEPTEMBER 27, 2019 / 12:11 PM / UPDATED 6 HOURS AGO

Nestle, P&G say they will miss 2020 deforestation goals

Richa Naidu
4 MIN READ

CHICAGO (Reuters) - The world’s two largest consumer goods companies, Nestle SA (NESN.S) and Procter & Gamble Co (PG.N), have acknowledged they will fall short of goals to use only those ingredients that do not contribute to deforestation in their products by 2020.

Nestle, known for products such as KitKat bars and Haagen-Dazs ice cream, says on its website that in 2010 it “made a commitment to no-deforestation” by 2020. But on Saturday, a Nestle spokeswoman said the company now believes it will stop short of that target.

Nestle now predicts “over 90 percent of our key agricultural commodities to be verified deforestation-free by the end of 2020, up from 77 percent at the beginning of 2019,” the spokeswoman said.

Procter & Gamble, meanwhile, states on its website that it aims “to establish zero deforestation in our supply chain by 2020.”

But on Sunday, a spokesman for the company, which uses palm oil in its Tide detergent and Olay skincare products, said it too would fail to meet the goal by next year.

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Read more: https://www.reuters.com/article/us-consumer-goods-deforestation/nestle-pg-say-they-will-miss-2020-deforestation-goals-idUSKBN1WC1WC

[RockRaven]

1. I am shocked, shocked!...

to find that gambling is going on in here.

[Lulu KC]

4. Yes, especially with Nestle

Everything they touch...

[PoindexterOglethorpe]

2. That headline made me think that they

had goals for deforestation. And they weren't going to make them.

[Lulu KC]

3. Oh no--palm oil in laundry detergent

I had not realized it was there. I use the app to check the bar codes on store products but never applied it to detergent. Argh.