Profit Sheets

P&G India becomes ‘plastic waste neutral’ company

March 31, 2022 03:29 PM

P&G India becomes 'plastic waste neutral' company
P&G India has also announced plans to set up two more in-house solar plants at its manufacturing sites in Goa and Mandideep (Madhya Pradesh).

The company, which has a portfolio of power brands including Ariel, Tide, Whisper, Gillette, Oral B, head & shoulders and Vicks, joined the club of a few FMCG Procter & Gamble (P&G) India companies in India that have achieved plastic waste neutrality.

FMCG maker Procter & Gamble (P&G) India on Thursday said it has become a ‘plastic waste neutral’ company in FY 2021-22, after having recycled 100 per cent of post-consumer plastic packaging waste.

The company, which has a portfolio of power brands including Ariel, Tide, Whisper, Gillette, Oral B, head & shoulders and Vicks, joined the club of a few FMCG companies in India that have achieved plastic waste neutrality.

It has collected, processed, and recycled over 19,000 metric tons of post-consumer plastic packaging waste from across the country which is more than the amount of plastic packaging in its products sold in a year, P&G India said in a statement.

The company is working with recycling partners across 75 cities in India to collect plastic which is then sent to different recyclers, waste-to-energy plants, and cement kilns.

Several FMCG makers such as Dabur and Nestle India have already achieved the tag of being plastic waste neutral companies. Moreover, P&G India has also announced plans to set up two more in-house solar plants at its manufacturing sites in Goa and Mandideep (Madhya Pradesh).

Also Read : Procter & Gamble Health Q4 net profit falls 30.63% to Rs 33.89 cr

This is in addition to the existing in-house solar plant that the company has set up at its Hyderabad manufacturing site in 2021. “We are proud of the significant progress we have made on environmental sustainability, and achieving ‘plastic waste neutrality’ is a key milestone in this journey.

Plastic waste does not belong in the environment, and we will continue to partner with multiple stakeholders in our efforts to reduce and recycle packaging waste,” Procter & Gamble (P&G) India Indian Sub-Continent CEO Madhusudan Gopalan said.

He further added that the company is also taking a deliberate approach towards reducing the impact of its operations, and setting up in-house solar plants is a step in this direction.

“We have made strong progress across our brands, our supply chain, our operations with support from our partners and employees. We are fully committed to making a positive impact in the world and creating a sustainable future for generations to come, ” Gopalan added.

Source: PTI

Leave a comment

Your email address will not be published. Required fields are marked *

Market Live Updates


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here



NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592