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2023
Citizenship
Report

The information in this report covers the period of July 1, 2022 to June 30, 2023.

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A woman in a blue t-shirt organizing bottles of Head & Shoulders shampoo on a table. There is a pile of Pampers next to her and a group of volunteers further down the table.

Delivering For All Our Stakeholders

Jon R. Moeller, Charmin of the Board, President and Chief Executive Officer, is smiling at the camera. He is wearing a suit and a light orange tie.

Jon R. Moeller

Chairman of the Board,
President and Chief Executive Officer

P&G’s objective is to deliver balanced top- and bottom-line growth while serving the needs of all stakeholders – consumers, customers, employees, society and shareowners.

We take an integrated approach in every aspect of our Citizenship work. It is not managed centrally or by a separate organization. Each business owns the work and the budget that enables P&G to continue making progress in these important areas.

Our efforts in Environmental Sustainability are important in creating value while improving P&G’s environmental impact, enabling consumers to reduce their footprint, and working collaboratively across industries to address some of the most pressing challenges.

We start where we have the most control – our operations. We have reduced our Scope 1 and 2 greenhouse gas emissions by 58% since 2010, already surpassing our initial 2030 goal of a 50% reduction. We have now set our sights on a 65% reduction by 2030 (versus a 2010 baseline). We are recycling approximately 3.5 billion liters of water a year in our facilities, with a goal of 5 billion liters recycled and reused annually by 2030. We are increasing our use of recycled plastic resin while also decreasing our total use of plastic in packaging – less plastic overall and a higher proportion from recycled sources.

Next, we look at how we can enable consumers to reduce their own footprint without making product performance tradeoffs. An example is how Cascade is helping consumers reduce water use. Consumers often believe the dishwasher uses more water than hand washing your dishes, but the opposite can be true – an ENERGY STAR® certified dishwasher uses about four gallons per cycle, while the tap in the sink can use the same amount in about two minutes. So, if you hand wash more than eight dishes, using a dishwasher can save water versus hand washing.

Finally, we are helping scale industry-wide solutions to reduce environmental impact. We are deeply engaged with external experts and are sharing our expertise to help solve problems that are too big for any one company to address.

In the area of Community Impact, we support people around the world through our brands and products that help restore normalcy in uncertain and challenging times. P&G and our brands work with many local, regional and international partners including Feeding America, the International Federation of Red Cross and Red Crescent Societies, Matthew 25: Ministries and United Way to provide donations of products and other support to underserved communities and during times of disaster and conflict.

With our partners we also provide clean drinking water through the Children’s Safe Drinking Water Program to support people who lack access to clean water. The program is based on an easy-to-use water purification powder invented by P&G scientists that can clean 10 liters of water in just 30 minutes. Since 2004, this program has provided more than 21 billion liters of clean water to people in need around the world.

We serve billions of consumers all over the world. Our ability to do this most effectively is enabled by a workforce and culture that understands, respects and reflects the uniqueness of all the consumers we serve – inclusive of all genders, races, ethnicities, sexual orientations, ages and abilities.

Equality and inclusion is good for business – broadening market reach and driving market growth. Simply put, it helps us win. Our efforts to attract, develop, and retain the best employees from the broadest pool of talent helps us better serve an increasingly diverse set of consumers.

Our equality and inclusion efforts, inside our Company and in our communities, are critical for our long-term success and are helping to drive balanced and sustainable growth.

Good governance is the foundation for everything that we do, and P&G is committed both to doing what is right and to being a good corporate citizen. Our corporate governance practices are designed to promote strong board and management accountability, transparency, and protection of shareholder interests.

P&G was founded on uncompromising beliefs that our products should be of the highest quality and value, and that the only way to run a business is with honest and fair dealings. These beliefs come to life today in P&G’s Purpose, Values and Principles, which set high standards that we hold ourselves and each other accountable for, creating a strong culture focused on winning the right way.

P&G’s employees, leadership team, our board and I are committed to making progress in each of our Citizenship focus areas. We consider it a fundamental part of service – to consumers, customers, employees, society and shareowners.

At the end of the day, we serve people – with a strong desire to improve their lives and the lives of their families. We stand by consumers and support them in small but meaningful ways every day – with superior-performing products of high quality at a superior value. We strive to do this in the most responsible way, consistent with P&G’s Values and Principles.

This approach, with consumers at the center, and an organization built to serve them, has served us and our many stakeholders well. It will guide our actions as we move forward. If we do this effectively, consumers will benefit, customers will grow their businesses, employees will develop and thrive, we will have a positive impact on society, and shareholders will continue to be rewarded for their investment.

Jon R. Moeller Signature

Jon R. Moeller

Chairman of the Board,
President and Chief Executive Officer

Learn more about our leadership team
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Who We Are

Our brands are trusted in millions of living rooms, kitchens, laundry rooms, and bathrooms – and have been passed down from generation to generation. We are the people behind the brands you trust, and we’re committed to making people’s lives better in small but meaningful ways, every day.

Operations in approximately 70 countries.
Products sold in approximately 180 countries and territories.

Read more about P&G
P&G product line-up: Pantene, Fairy, Dawn, Gain, Olay, head & shoulders, Braun, Always, Bounty, Tide, Charmin, Pampers, Febreze, Lenor, Oral-B, Whisper, Downy, NyQuil, Ariel, Crest, Gillette, SK-II

In 2023, P&G celebrated our 186th anniversary

A woman with long black hair, green glasses, and a blue dress is smiling and looking left in a photo featuring graphics: the P&G logo, "Plus me" in a pink circle, and the words "mutual success" written in a circle with an equal sign in the middle.

A Culture that Fuels Innovation and Prioritizes Wellbeing

P&G is one of the largest consumer packaged goods companies in the world. Innovation and the passion of talented teams helped us grow into a global company that is governed responsibly and ethically, that is open and transparent, and that supports good causes and protects the environment. Many things have changed through the years, but the importance of P&G people to P&G’s success is enduring. We recognize that to attract, develop and retain the best talent, we need to offer a superior employee experience.

At P&G, we provide benefits, resources, and learning opportunities to support the physical, mental, financial, and work-life well-being of our employees so they can contribute to the success of the business while achieving their own life goals.

Learn more about P&G employee benefits

P&G Employees Feel Inspired, Valued and Are Growing

Chris

Chris, United States

“It gives me great pride as a P&G employee to know that we have a Company and managers who put families first. P&G supports employees through their personal and professional journeys.”

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Introduction

Community Impact

Equality & Inclusion

Environmental Sustainability

Ethics & Responsibility

The information in this report covers the period of July 1, 2022 to June 30, 2023, unless noted otherwise. References to “fiscal year,” “FY,” or “2023” in this report refer to P&G’s 2022/2023 fiscal year, which covers the time period of July 1, 2022 to June 30, 2023.

FORWARD-LOOKING STATEMENTS Certain statements in this report, including statements relating to our environmental sustainability, equality and inclusion, and other ESG targets, estimates, projections, goals, commitments, and expected results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are generally identified by the words “believe,” “expect,” “anticipate,” “intend,” “opportunity,” “plan,” “project,” “will,” “should,” “could,” “would,” “likely” and similar expressions. Forward-looking statements are based on current assumptions that are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements, including the risks and uncertainties discussed in Item 1A — Risk Factors of the Form 10-K included in our 2023 Annual Report and in our most recent 10-Q and 8-K reports. Such forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise publicly any forward-looking statements, except as required by law.