28 Apr '11, 12pm

Shareholders Urge P&G, General Mills to Step Up Package Recycling

Shareholders Urge P&G, General Mills to Step Up Package Recycling

SAN FRANCISCO, CA — Procter & Gamble and General Mills are being asked, through shareholder resolutions, to fund recycling programs for their packaging waste. Advocacy group As You Sow plans to file resolutions with the companies this week pushing them to adopt extended producer responsibility programs, in which companies take responsibility for the disposal of their products and packaging by running take-back programs or funding collection efforts. “We’re burning and landfilling 40 million tons of recyclable packaging materials estimated to be worth $15 to $23 billion every year,” said Conrad MacKerron, As You Sow’s senior director for corporate responsibility, in a statement. “We can no longer afford to discard packaging containing valuable resources. As shareholders we see this as throwing away revenue and we need to stop it immediately.” The resolutions ask the compani...

Full article: http://www.greenbiz.com/news/2011/04/27/shareholders-urge...

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