2022 CITIZENSHIP REPORTINTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSDELIVERING FOR
ALL OUR STAKEHOLDERS
DEAR STAKEHOLDERS,
We have been talking about the importance of balance
for some time in the context of needing to deliverbalanced growth and value creation. While that will
always be an imperative, the world needs more fromP&G now. It is not just top- and bottom-line growththat must be delivered and balanced. We must alsoendeavor to deliver against the needs of an increasing
number of constituents — consumers, retail customers,
employees, society and our shareowners. The needsof each of these constituents must be met.

This is especially true of our Citizenshipefforts in Environmental, Social andGovernance (ESG) areas, where expectations
among all stakeholders are growing.
People increasingly rely on us to deliver superior
solutions that are sustainable. Our world requires that
we do our part in this regard. This challenge is also

an opportunity to extend our margin of superiority,
further grow categories, and create more value. We
are working across climate, waste, water and nature
to improve our own environmental impact, enableconsumers to reduce their footprint, and help society
solve some of the most pressing global challenges.
We are committed to an equal, diverse and inclusive
organization and culture; one which brings forth
the best ideas and innovations needed to win
with consumers and customers and for eachother. We do this best when we have a pipeline ofoutstanding and diverse talent at every level and an
environment that supports each of us in being our fulland authentic selves. Externally, we support equality
and inclusion efforts with our business partners andin our communities because it is not only the rightthing to do, but because it also can improve income
and wealth equity for more people, creating morepurchasing power, which drives market growth.

Jon R. Moeller
Chairman of the Board, President
and Chief Executive Officer2

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ETHICS & CORPORATE RESPONSIBILIT Y

The work we do in communities around the world
to support people in difficult times is one of the most
tangible ways we have immediate positive impact as
a company. By providing clean water and donations of
P&G products, time and financial resources to those inneed, we help to improve lives. These actions, as well
the rest of our Citizenship efforts, are also part of what
employees are proud of and value in P&G, helping us
attract and retain the best talent.

Citizenship is how we refer to our efforts in
Environmental, Social and Governance (ESG)
areas, and we’ve built Citizenship into
how we do business every day.

For 185 years, our foundation has been our Purpose,
Values and Principles. They set a high standard foreach P&G person and require that we hold ourselves
and each other accountable for results and, equallyimportant, for how we achieve those results. Last
year, we added an ESG factor to our annual incentive
compensation program for our senior executives asa demonstration of our commitment to near-term
progress toward our long-term ESG goals. You canstay updated on our latest ESG data and reports
via our portal at pginvestor.com.

RECOGNITIONS & AWARDS

In the ever more complex world we live
in, it’s not just top- and bottom-line thatmust be balanced. We must endeavor
to balance the needs of consumers,
customers, employees, society andshareowners. Serving and balancing
these needs will not be easy, but it isnecessary — and those that do it best,
as I expect we will, should thrive.

Jon R. Moeller
Chairman of the Board,
President and Chief Executive Officer3

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONINSPIRED, VALUED
AND GROWINGENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

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Our citizenship efforts reflect the“Olay’s easy open lid made ameaningful difference to consumers
who sometimes aren’t being served.
It was so humbling to see people’s
excitement and why I love my job.”“I enjoy collaborating with
impassioned individuals to create
sustainable innovation that drives
growth and will influence theentire CPG industry.”

contributions of employees across the

Hannah Analytics & Insights

Ali Research & Development“I’m proud to work in a collaborative
company with experts in various
disciplines of science and technology!
Together, with our trusted brands webring groundbreaking innovations tobenefit consumers around the world
and grow our business.”“I believe that business decisions are
inherently environmental decisions.
In business, we can help change theworld just by being thoughtful about
the innovations we prioritize, thematerials we use, and the partners
we work with every day.”Judson Initiative Leadership

Coral Brand Management“At P&G, I have enjoyed tremendous
opportunity to leverage my expertiseand passion to impact innovation
strategies and our journey towardachieving our Ambition 2030
Environmental and Net Zeroby 2040 goals.”“Contributing to P&G’s equality
and inclusion efforts and working
with committed colleagues andleaders to create a more equal
company and world makes me feelinspired and motivates me to do
more — every day!”“I’m motivated to work for P&G
because of the strong ethicalstandards, values and principles
expected from both the leadershipand my colleagues.”

Jay Environmental Stewardship

Ezgi Company Communications

Company. Our programs help ensure
P&G people are inspired, feel valued
and rewarded, and continue to growwhile they build the business and help
improve lives in the communities
where we live and work. Learn more.

Seon-Ho Finance & Accounting

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COMMUNITY IMPACT
We’re all about doing the right thing and are committed to being“A Force for Growth and A Force for Good.” That’s why our people andour brands do acts of good every day to help communities grow.

RECOGNITIONS & AWARDS

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ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSCOMMUNITY IMPACT“For generations, we’ve stepped up to ensure we are serving
consumers, supporting employees and helping the communities
in which we live and work through unexpected challenges by
providing the brands people count on to take care of their dailycleaning, health and hygiene needs.

Marc Pritchard
Chief Brand Officer

Our brands help bring a sense of normalcy in uncertain times
and are uniquely positioned to help people, especially those inunderserved communities who are disproportionately impacted
in times of crisis. Being a good corporate citizen is core to who
we are as a Company. It remains a priority now and in the future,
as we are committed to improve the lives of people around theworld, each and every day.”6

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Since 2004,
we’ve provided

20

BILLION
LITERSof clean drinking
water

Access to Clean Drinking Water
Around the world, nearly a billion people struggle
each day to have clean drinking water, often as aresult of natural disasters. Through our Children’s
Safe Drinking Water (CSDW) Program, we havebeen providing clean drinking water to communities
with P&G’s innovative Purifier of Water packets.
Working in collaboration with more than 150 global
advocacy and implementing partners, we havereached our latest milestone — delivering 20 billion
liters of clean drinking water to children and families
without safe drinking water in over 90 countries.
Learn more.

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ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

United is the Way
William Cooper Procter, grandson of P&G’s founder, is often credited withbeing the original driving force behind P&G’s long-standing support of theUnited Way. The United Way has been part of our corporate culture for over
80 years. Today, P&G is consistently one of the largest contributors to thenon-profit’s annual fundraising campaign in Greater Cincinnati and many
more communities where P&G people live and work across the Americas.
We’ve stepped up to help our hometown community by donating morethan $10 million to the United Way of Greater Cincinnati campaign.

P&G has along history of
supporting Habitatfor Humanitywith resourcesand employee
volunteers.

Building Home and Hope

P&G, its employees, andretirees donated more than

$10,000,000
to the United Wayof Greater Cincinnati

Habitat for Humanity brings people together to build homes, communities andhope. This year, P&G proudly partnered on programs to advance health and hygiene
and gender equality, including:• Improving water and sanitation conditions for families in Argentina• Supporting older women and victims of domestic abuse by refurbishinga women’s refuge in the United Kingdom• Providing access to hygiene and sanitation facilities for school children
to reduce absenteeism in Kenya

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ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSDISASTER RELIEF
For generations, P&G and our brands have united to support consumers and communities
through unexpected challenges, emergencies and in times of need. In the past year,
P&G has responded to more than 30 disasters across the globe with financial support,
products and services to meet these unexpected needs. Learn more.

“I was inspired by the acts of good when Germany was
hit by catastrophic rainfall in Euskirchen, where the
P&G Pampers plant and Distribution Center is located.
In addition to donating products, the Pampers
plant remained operational and made space toaccommodate rescue workers, fire brigade and Red
Cross volunteers. The plant gave access to shelter,bathrooms, electricity and internet to the public, andemployees worked together to provide support.”“When we got a once-in-a-century storm in British
Columbia, Canada, it devastated access to basic
resources like electricity and clean water. P&G
partnered with GlobalMedic, a local disaster relief
organization, to provide free laundry services
through the Tide Loads of Hope program.
I am proud that our Company and employees
are always willing to step up and support
communities in need.”

MadhavJoyce

P&G Germany

P&G Canada

During times of disasters, we’re continuing
to provide ongoing support across the globe,
guided by three core principles:
Protecting the health and well-beingof P&G people
Serving consumers around the world
who count on our brands and thebenefits they provide
Supporting communities in needthrough our longstanding partnerships
with local and global relief agencies

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Supporting Ukrainian Families
Millions of people have been affected by the war in Ukraine, a majority of them
women and children. Since the beginning, P&G has mobilized resources around theworld to support employees, families and relief organizations in a variety of ways:• Provided millions of everyday essentials, including
diapers, shampoo, toothpaste, toothbrushes, andother cleaning, health and hygiene products topeople displaced from their homes

Since March 2022,

7,000,000+
P&G products havebeen donated• Established a matching fund drive which was
supported by thousands of P&G employees inmore than 40 countries• Provided financial support to relief partners intheir efforts to provide access to clean water, food,shelter, and health and care services in Ukraine andneighboring countries. Some of our partners include
GlobalMedic, IFRC, International Medical Corps,
Matthew 25: Ministries, Save the Children andWater Mission.

“Our P&G colleagues in Central Europe have stepped
up in so many ways since the earliest days of thiscrisis — providing transportation from the border,
opening their homes to provide safe places to sleepand caring about the personal needs of those
displaced. I’m so proud how we immediately helped,
while simultaneously working to safely resume ouroperations and continue serving people across theregion who depend on our products every day.”Gabe
P&G Central Europe

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Responding to a Global Pandemic
We have offered diverse tools and flexible policies to our employees to help
manage the challenges of working and living during a pandemic, including
a focus on mental wellness. Our efforts to step up as a force for good for
consumers have continued:
We provided donations of Safeguard, Crest,
Whisper, Head & Shoulders and Pampers
products to support the epidemic prevention
and control work in Shanghai and Guangxi.

We sponsored the Por Um Sorriso (For a
Smile) program in Brazil, bringing oral careservices to vulnerable communities whenaccess to the dentist became difficult during
the extended challenges of the pandemic.

Read more about our Community Impact efforts.

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EQUALITY & INCLUSION
We aspire to create a company and a world where equality and inclusion
are achievable for all, creating value and driving growth for our employees,
through our brands, with our partners and in communities.

RECOGNITIONS & AWARDS

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ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSEQUALITY & INCLUSION“We are committed to honoring the individuality and uniquecontributions of our people and ensuring that every single
employee shows up to work as their whole, authentic self
and feels safe in doing so.

Shelly McNamara
Chief Equality & Inclusion
Officer

We believe this makes P&G not only a great place to work
but also a stronger company because it is through diversityof thinking that we become more in touch with the consumers
we serve. To holistically serve consumers in ways that matterand resonate with them, we need to create the kind of diverse
and inclusive culture that has been proven, time and again,
to give life to the best thoughts and ideas.”

Meet P&G employees from around the world and learn how they’re unleashing
their full potential to make an impact on equality and inclusion. Watch the video.

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CREATING A GLOBALLY
DIVERSE WORKFORCE
We strive to be a company and create a culture that reflects the diversity of thebillions of people we serve around the world, in company leadership and at every
level. We will achieve our goals by expanding and accelerating our ability to recruit,retain and develop a globally diverse organization. We have set stretching, achievableand meaningful representation aspirations. While we continue to make progressin many areas, we know we can do more.
See more disclosures and learn about our progress toward our Equality & Inclusion
goals on our website.

1 Board data as of October 11, 2022

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We’re making
our brands moreaccessible in-store,
providing productinformation via NaviLens,
a QR code technology
for the visually impaired.

Lucy Edwards
Brand ambassador,
who is herself blind

ENVIRONMENTAL SUSTAINABILIT Y

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Making Our Brands Accessible for All
The World Health Organization (WHO) estimates 6–10% of people in Europe areliving with a disability. P&G Beauty realized these consumers weren’t fully enjoying
the products and content that we offered and decided to act on it.
We started by making our communication accessible by adapting our commercials
and influencing digital media platforms to adopt accessibility features such as
enabling audio description on YouTube videos. Two of our brands — Head & Shoulders
and Olay — were recognized as the most accessible brands in beauty for website
accessibility.1 We also made our brands more accessible to in-store shopping,providing people with sight and cognitive impairments access to product information
via partnerships with NaviLens — a QR code technology for the visually impaired —and The Royal National Institute for the Blind. Through these actions, we are making
progress on our journey to make our brands, products and content accessible to all.
1	Online Shopping Accessibility Index, 03/15/2022, Affise Academy: Online Shopping Accessibility Index — Affise

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We’ve pledged to spend$5 BILLION
annually with diverse-owned andwomen-led businesses by 2030

Empowering Women-Owned and Women-Led Businesses

We’re inspiring others to employ
more women in manufacturing,logistics support andmedia production.

As a global company with a broad portfolio oftrusted brands, we have the potential to provide
diverse businesses with meaningful growth
opportunities and accelerate economic inclusionand equity. Just as we know a diverse organization
leads to better problem-solving and innovation,
so does a diverse supply chain. We are committed
to increasing our global spend with diverse- andwomen-owned and led businesses to $5 billion
annually by 2030. In September 2021, we sharedthat we had surpassed $3 billion! One of the ways
we are hard at work is increasing our investment
with women-owned and led businesses throughout
the world. We have many great partners to enable
this, including WEConnect International.

Through P&G’s Supplier Diversity efforts, inpartnership with WEConnect International,
over the past 5 years, we’ve trained more than
1,000 women entrepreneurs in 10 countries
across Asia Pacific, Middle East and Africa.
Several participants have become P&G’s externalbusiness partners or suppliers and accelerated
their own business growth thanks to their newly
acquired skills. This also has had a ripple effectthroughout the region.
Inspired by P&G’s aspiration, many of our suppliers,
agencies, and partners have employed more
women in key positions within their organizations,
including roles in manufacturing, logistics support,
and media production, where gender bias has
limited opportunities for women in the past.

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Belonging Starts with a Name
As we use our voice to bring visibility to the uniqueness of the consumers we serve,
we continue to respectfully portray communities through accurate and authentic
representation in our advertising. To help address rising levels of bias against the
Asian American Pacific Islander (AAPI) community, P&G released a new film
“The Name,” as part of an integrated campaign to inspire conversation and encourage
people to learn how to say AAPI names, because feeling a sense of belonging insociety starts with one’s name.

We released “The Name”
as part of an integrated
campaign to encourage
people to learn how to
say AAPI names.

Accompanied by educational resources and tools at pg.com/names, the film
elevated the importance of a name, and how meaningful gestures — likepronunciation and understanding its meaning — can create a greater senseof belonging for us all.
Pampers also joined the movement by expanding their existing popular baby
name content on Pampers.com to engage even more consumers and recognize
AAPI names. A new Snapchat filter let parents announce and celebrate their new
baby’s name, while the Pampers Snapchat AR Storybook program now includes
books about the significance of AAPI names, allowing parents to celebrate thesenames with their little ones as they grow and read together.

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Can’t Cancel Pride 2022
P&G continued its long-term support of the LGBTQ+
community with our third annual Can’t Cancel Pridebenefit — “Proud AND Together.”Showcasing the issues that continue to impact the
LGBTQ+ community and highlighting intersectional
messages of spirit and strength, the nationallybroadcasted program brought together someof the biggest names in entertainment, including
Elton John, Katy Perry, JoJo Siwa and Lizzo.

P&G brands like Charmin, Dawn, and Tide proudly
joined in with more than 16 million people watching
this year. Can’t Cancel Pride continues to raise support
and create visibility for critical LGBTQ+ organizations,
including CenterLink, GLAAD, National Black JusticeCoalition, OutRight Action International, SAGE and
The Trevor Project. The benefit has raised more than
$11 million since its inception.

Read more about ourEquality & Inclusion efforts.

$11

MILLIONraised to datethrough Can’t
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ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSENVIRONMENTAL SUSTAINABILITY
Environmental sustainability is embedded in how we do business.
It is core to our purpose of improving lives now and for generations to come.

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ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSENVIRONMENTALSUSTAINABILITY

Virginie Helias
Chief Sustainability
Officer“We are committed to improving people’s lives withirresistible superiority that is sustainable. We create value
by making sustainability an integral part of our vectorsof superiority, building on the strength of science-based
pillars — Climate, Waste, Water and Nature. We are building
transformative partnerships to help solve some of theworld’s most pressing global challenges where we canmake the biggest difference.”

P&G’s Ambition 2030 supports our brands’ ability to provide irresistible superiority that issustainable to improve lives now and for generations to come. Learn more about how weare bringing this to life. Watch the video.

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Our Ambition 2030 goals support our company and brand’s ability topositively impact our homes, our communities and our planet. At its
foundation is improving the livelihoods of people across our operations,
supply chain and the communities we serve. We are continuing tocreate products that encourage responsible consumption, reduce ourmanufacturing footprint, and strive for more circular approaches in our
supply chain. We cannot achieve these goals alone. This will requirepartnership across the private, nonprofit and public sectors and involve
every aspect of our business. To learn more about our projects andpartnerships around the world, please visit Mapping Our Impact.

CLIMATE

WASTE

WATER

Read more about our Ambition 2030 goals.

NATUREETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

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CLIMATE
At P&G, we set a new ambition to achieve net zero
greenhouse gas (GHG) emissions across our operations
and supply chain, from raw material to retailer by 2040.
P&G’s Climate Transition Action Plan covers the entire
lifecycle emissions of our products and packaging,across supply chain, operations, consumer use of our
products, and product end of life. Our comprehensive
approach to accelerating climate action also includes
navigating the key challenges ahead.

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RECOGNITIONS & AWARDS

CLIMATE GOALS AND PROGRESSOPERATIONS
We continue to drive progress towards our emission reductions in operations exceeding our Scope 1
and 2 GHG emissions target and accelerating our purchase of renewable electricity. To further reduce
Scope 1 and 2 GHG, we are developing solutions at pilot manufacturing sites that we can scale globallytoward our Net Zero 2040 ambition.

Energy and GHG
Total (absolute units x 1,000)

2022

2021

2020

Energy Consumption (GJ)

62,34063,07762,816

Total GHG Emissions (metric tons)2

2,316

2,398

2,613

2,160

2,238

2,221

156

160

392

GOALS

PROGRESS through June 30, 2022

Reduce Scope 1 and 2 GHG emissions by 50% by 2030
vs. 2010 baseline1

57% reduction — Achieved

Scope 1 — Direct GHG Emissions(metric tons)

Purchase 100% renewable electricity globally by 2030

99% renewable electricity globally

Scope 2 — Indirect GHG Emissions(metric tons)3

INCREASING ENERGY EFFICIENCY IN OUR OPERATIONS

For more detailed information
on emissions, including Scope 3,

Reduction in Energy Consumption
per Unit of Production

Reducing Total GHG (Scope 1 & Scope 2)

Percent reduction vs. FY09/10

Percent reduction vs. FY09/10

FY21/22-21%

FY21/22-57%

FY20/21-21%

FY20/21-56%

FY19/20-20%

FY19/20-52%

please visit our ESG portal.

1 Validated by the Science Based Target Initiative.
2 Total GHG emissions = Scope 1 + Scope 2.
3	Market-based Scope 2 GHG emissions. Note: Location-based Scope 2
emissions in 2022 were 2,323,446 metric tons.
All data references fiscal years.

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CLIMATE GOALS AND PROGRESS
TRANSPORTATION
While 2022 transportation results showed a slight increase to emissions intensity, our efforts to increaseintermodal transportation and optimize container fill rates yielded improvements in finished productfreight emissions intensity. These advancements did not overcome industry-wide ocean freight supply
chain disruptions. We are optimistic that our further acceleration in key regions and a normalizing global
landscape will drive reductions over the coming year.
GOALS

PROGRESS through June 30, 2022

Reduce Global Upstream Finished Product Freight emissions
intensity by 50% by 2030 (vs. 2020 baseline)

2.9% increase

SUPPLY CHAIN
In 2021, we expanded our supply chain target to be inclusive of all P&G categories, in line with our Science
Based Target Initiative approved goals. By taking a closer look at our Scope 3 emissions, we now know that
~10% of our ingredients (which equates to ~500 individual ingredients) account for ~90% of our supply chain
emissions, which allows us to focus where we can drive the most change and advance better solutions.
Further quantitative progress will be reported in 2023.
GOALS

PROGRESS through June 30, 2022

Reduce supply chain emissions by 40% per unit of production
by 2030 (vs. 2020 baseline)

New Goal — progress to be reported end of 2023

CARBON NEUTRAL OPERATIONS
FOR 2020–2030
P&G is committed to be carbon neutral for the
decade (2020–2030) for our own operations(Scope 1 and Scope 2 emissions).
We are prioritizing cutting our operationalemission as much as possible. For residual
emissions that cannot be eliminated, we will
use natural climate solutions that remove
and store carbon.

You can read more about progress
toward this goal in our nature pillar.

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EQUALIT Y & INCLUSIONThe Tide Infinity
prototype and Tide
to Go Pens and Wipes
have been sent to theInternational Space
Station for testing.

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Tide in SpaceNASA needs a low-resource laundry solution to help
enable deep space exploration. P&G’s Tide brandis eager to learn how to clean effectively with lesswater to help protect our home planet. In 2020, Tide
formally signed the multi-year Space Act Agreementwith NASA. The first prototype, Tide Infinity, was sent
to the International Space Station (ISS) for testing in
December 2021 in collaboration with NASA and the ISS
National Laboratory. Tide to Go Pens and Wipes havealso completed testing aboard the ISS to understandthe cleaning power of the brand’s ingredients in
microgravity. We can’t wait to continue exploring
how to apply the results of these tests for laundry
solutions on Earth and beyond.

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WASTE
Plastic waste in our environment is a serious problem,
especially when it ends up in our rivers and oceans. It’s acomplex global challenge that requires a comprehensive,
collaborative approach across the entire plastics lifecycle.
Addressing this challenge and driving greater circularity forplastics will require collaboration across multiple stakeholders,
including industry, governments, civil society and academics.
While plastic can provide packaging material reductions,product protection, and lower greenhouse gas emissions
from transportation, we must use and reuse it responsibly.
At P&G, we are working to design all our consumer packaging
to be recyclable or reusable by 2030. We are inventing andscaling new recycling solutions, using alternative materials,
and partnering externally to help catalyze waste management
infrastructure to improve access to collection — keeping
plastic in use and out of nature.

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WASTE GOALS AND PROGRESS
Our brands, suppliers and partners continue to collaborate on a range of sustainable solutions and on
driving circularity so that plastic is collected, recycled and reused. To track progress toward our goals,
P&G considers packaging to be recyclable if there is at-scale collection, sorting, processing, and end
markets for the material and format in at least one geography. We do not consider waste to energy
and conversion to fuels as suitable end markets.
GOALS

PROGRESS through June 30, 2022

100% of our consumer packaging will be designed to berecyclable or reusable by 2030

~79% of our consumer packaging is designed to berecyclable or reusable

Reduce our use of virgin petroleum plastic in our consumer
packaging by 50% by 2030 vs. 2017 baseline~8% reduction of virgin petroleum plastic in packaging

Zero manufacturing waste to landfill

Achieved and maintained since 2020

We nearly doubled ouruse of recycled plastic
over the past two years

In 2021/2022, we diverted nearly 675,000
metric tons of manufacturing waste fromthe landfill which is heavier than

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Progress to 100% Recyclable or Reusable Packaging

79%

FY21/22

Types of Resin
Used in Packaging
PE (48.3%)
PET (23.2%)

73%
55%

FY20/21
FY19/20

PP (22.4%)

Data and Metrics: Plastics Packaging

Other (6.2%)

Tons of plastic packaging

776,220 metric tons

Tons of recycled plastic resin

96,469 metric tons

Percent of total resin usedthat was recycled

12.4% recycled resin

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSION

Reducing Plastic Packaging
Gillette and Venus undertook a sustainable packaging
upgrade to transition premium refillable razor packs
to a plastic-free, recyclable cardboard box madewith at least 50% recycled materials and Forest
Stewardship Council™ (FSC) certified paper. This moresustainable box is now available in every P&G region
globally. It delights consumers with its ease of opening,appearance at shelf and full recyclability. We estimate
this exterior packaging change saves the plastic
equivalent of more than 85 million water bottles
per year (based on 2020 sales volumes for North
America and select Europe markets).

ENVIRONMENTAL SUSTAINABILIT Y

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Breakthrough Innovation
and Partnership Toward
Circular Plastic
P&G aims to incorporate more recycled plastic in
our packaging to reduce our reliance on virgin plastic
and ensure that existing materials are better utilized.
However, the quality of post-recycled resin does notalways meet our high material standards for quality
and product protection. Our corporate R&D teams
developed a process to drastically improve the qualityof recycled polypropylene (PP) plastic. This plastic
resin accounts for roughly 20% of the plastic used in
our packaging and has the potential to significantly
increase our use of recycled content. This P&G process,VersoVita™, takes nearly all the imperfections out of
the resin and returns it to near-virgin quality. Rather
than keeping this capability internally, P&G is making
VersoVita™ Circular Polymer Purification available forlicense to plastic manufacturers globally so they can
produce high quality recycled resin to better meetindustry demand and reduce plastic waste.
P&G is also a proud supporter of The Recycling
Partnership’s Polypropylene Recycling Coalition.
This industry collaboration recently led to theupgrading of polypropylene rigid containers as“Widely Recyclable” by the How2Recycle program(effective July 2022).1 This designation is the result ofenrolling the full plastics recycling value chain to work
together and increase the rate of recycling on this resin
which is widely used in packaging and finished goods.
Our efforts to advance the state of recycling throughinnovation paired with external collaborations via
licensing and supporting industry-wide efforts are truly
advancing the circularity and reuse of plastic resins.
1	https://how2recycle.info/news/2022/how2recycle-upgrades-recyclabilityof-certain-rigid-polypropylene-pp-formats

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

WATER
At P&G, we want to help build a water positive future thatcan sustain people and nature, now and for generations tocome. Our comprehensive strategy includes reducing waterin our operations, restoring water in water-stressed areas,
and responding to water challenges through innovationand partnerships.
In 2022, we set goals for 2030 to restore more water thanis consumed1 at P&G manufacturing sites in 18 water-stressed
areas around the world; and to restore more water than isconsumed2 when using P&G products in high water-stressed
metropolitan areas of Los Angeles and Mexico City, recognized
as a first-of-its-kind commitment. We will achieve these goals
through partnerships and restoration projects that improve,
manage and protect water resources. Learn more.
1	Water that evaporates during the manufacturing of our products or is incorporated into thefinished product manufactured at these sites.
2 Water from household leaks and evaporation during the use of our products.

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COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT Y

30

RECOGNITIONS & AWARDSWATER GOALS AND PROGRESS
Our new goals and projects focus on addressing the water that does not go back to local systems fromour operations and, for the first time in our industry, from consumer use of products.
GOALS

PROGRESS through June 30, 2022

Reduce water in our operations by 2030

Progress

Increase water efficiency at facilities by 35% per unitof production (vs. a 2010 baseline)

27% increase per unit of production

Recycle and reuse 5 billion liters of waterin P&G facilities annually

3.3 billion liters reused annually

INCREASING WATER EFFICIENCYIN OUR OPERATIONS
Increase Water Efficiency per Unit of Production
Percent vs. 2010 baseline

27%

FY21/2226%

FY20/2127%

FY19/20

Restore water for people and nature in water-stressed areas Progress
Restore more water than is consumed1 at P&G manufacturing
sites in 18 water-stressed areas around the world

New Goal — progress to be reported end of 2023

Restore more water than is consumed2 when using P&G
products in the high water-stressed metropolitan areasof Los Angeles and Mexico City

New Goal — progress to be reported end of 2023

Respond to water challenges through innovationand partnerships

Progress

Provide clean drinking water to children and families
in need around the world by providing 25 billion litersof clean water by 2025 through CSDW program

20 billion liters of clean water provided through
CSDW program

Accelerate water innovation at scale with the 50 Liter
Home coalition

50 Liter Home city pilots being planned for multiple
countries around the world

Enable our consumers to reduce their water footprint

P&G brands continue efforts to develop innovations
to help consumers use less water at home

3.3 billion liters of water recycled andreused in 2021/2022 is the equivalentof 1,320 Olympic swimming pools

1 Water that evaporates during the manufacturing of our products or is incorporated into the finished product manufactured at these sites.
2 Water from household leaks and evaporation during the use of our products.

Fresh Water Withdrawn
Millions of cubic meters

68.6

FY21/2269.4

FY20/2167.0

FY19/20

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COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSWATER GOALS AND PROGRESS
A Water Positive Future requires widespread solutions — from manufacturing, to rethinking how people use
water and P&G products in homes, communities and cities, to restoring water for people, wildlife and nature.

RESTORING WATER: IMPROVING,
MANAGING OR PROTECTING WATER
To address unique water challenges in the prioritized
18 water-stressed areas, we are working with on-theground partners who have a deep knowledge of local
challenges, solutions, communities and landscapesto support long-term projects. To us, restoring watermeans improving, managing or protecting water.
Watch the video.

BeforeUsing WRI Aqueduct’s Baseline Water Stress indicator, we identified 18 priority basins experiencing chronic
water stress. Each area contains a P&G facility and is located within a top P&G market where more than 20%of the population is living in a high water-stress basin.

After

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Building a Water Positive
Future Together with Cascade
Cascade is helping to reduce daily water use inhouseholds across the U.S. by encouraging people
to skip pre-rinsing dishes and run the dishwasher
every night. Contrary to popular belief, the dishwasher
uses four gallons of water per cycle, while the sinkcan use the same amount in just two minutes.
With an innovative formula containing enzymes
that latch on to and break down food particles,
Cascade Platinum provides a superior clean without
the pre-wash.1 By skipping the sink and choosing
the dishwasher, households can save up to 100
gallons of water per week.2
In addition to its work to help consumers save waterat home, Cascade joined the Change the Course
initiative to support water restoration projects in
the U.S. The brand is currently working on a portfolio
of projects that are expected to restore more than
2 billion gallons of freshwater in water-stressedregions for people and nature.
1 50% more cleaning ingredients vs. Cascade Complete ActionPacs™.
2	With Energy Star certified dishwasher vs. washing dishes at a runningsink for 11 minutes per day.

Learn about
how Cascade’s“Do it every night”
campaign is helping
advance a water
positive future.

Households can save

UP TO 100GALLONSof water per week byusing the dishwasher.

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

NATUREAt P&G, we are committed to the long-term health of natural
ecosystems that are essential to people, biodiversity andour business. Our efforts start with ensuring responsible
sourcing of key commodities like wood pulp, palm oil andpaper packaging that reflects our commitment to responsible
sourcing and respecting human, labor and land tenurerights in our supply chains. We also go beyond our direct
supply chain to protect, improve and restore ecosystems in
more places, where it matters most. We are partnering andinvesting in nature-based solutions to positively impact morethan 1.5 million acres of land, balance any remaining carbon
emissions from our manufacturing operations this decade,and enable positive outcomes for people and biodiversity.

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NATURE GOALS AND PROGRESS
We are committed to responsible sourcing in our palm, wood pulp and paper packaging supply chains.
GOALS

PROGRESS through June 30, 2022

Palm

Progress

100% of palm oils1 used in P&G brands is RSPO certified

Continued to maintain 100% RSPO certified Palm Oilsin our brands

Wood Pulp

Progress

100% of the wood pulp we source is certified by a globally
recognized certification system

Continued to maintain 100% third-party certified wood
pulp. Out of these efforts Family Care also achieved 75%
FSC™ certified wood pulp, our preferred certification

Paper Packaging2

Progress

100% of our paper packaging to be either recycled or
third-party certified virgin content>99% recycled or third-party certified

50% of our virgin paper packaging is FSC™ certified by 2025

Achieved — 68% FSC™ certified

1	Palm Oil, Palm Oil Derivatives, Palm Kernel Oil, Palm Kernel Oil Derivatives.
2	Data self-reported by suppliers. Responses received by publication of this report represent ~95% of total supply.
We do not expect remaining 5% to materially impact reported results.

P&G is committed to playing a positive role within thecommunities and environments in which we live, workand source our materials.
“ENABLING SMALLHOLDER TRANSFORMATION”
A 5-YEAR SUSTAINABLE PALM PROGRAM
Smallholder farmers grow close to 40% of all palm
fresh fruit bunches globally. P&G is committed
to working with these farmers to enable them totransform their livelihoods through more efficient andsustainable farming practices. Through partnerships
in Malaysia, we established a training program, theCentre for Sustainable Smallholders, with the aim ofenrolling 8,000 smallholder farmers within five years.
Learn more.

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

NATURE GOALS AND PROGRESSGOALSPROGRESS through June 30, 2022

Protect, Improve and Restore Critical Ecosystems

Progress

Support on-the-ground projects and partners to:Protect, restore or improve greater than 1.5 million acresof land important for people, biodiversity and P&G

New Target — project portfolio development underway

Advance Natural Climate Solutions and balance ourmanufacturing emissions we cannot eliminate this decadeCollaborated with Conservation International and otherNGO partners to establish a portfolio of Natural Climate
Solution projects that when fully implemented is expected
to deliver 77% of our goal, while benefiting people andbiodiversity; will continue to build out the portfolio tobalance the remaining emissions by 2030

NATURE’S ROLE IN CLIMATE
Research has shown that natural climate solutions
can deliver up to one-third of the GHG reductions
needed this decade to mitigate climate change,
while also benefiting people and nature.1 While wecontinue to reduce our GHG emissions as muchas possible, we are also advancing natural climate
solutions to balance our Scope 1 and 2 emissions
we cannot eliminate this decade. These naturebased projects will help protect and restore forests,
and other ecosystems, essential to the people andwildlife that rely on them and call them home.

1 Natural climate solutions: https://doi.org/10.1073/pnas.1710465114

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NATURE GOALS AND PROGRESSMANTALINGAHAN LANDSCAPE PROTECTION AND RESTORATION PROJECT IN THE PHILIPPINES
In partnership with Conservation International, we areadvancing a natural climate solution project focusedon the protection and restoration of the MantalingahanLandscape (ML), located on the island of Palawan in
the Philippines. The ML is comprised of tropical forestand mangrove areas, including the largest terrestrial
area protected on the Palawan Island. The ML is avital habitat for more than 1,000 plant and animal
species. Protection and restoration of ML forestsand mangroves will ensure these ecosystems cancontinue to support local communities, biodiversity,and contribute to global carbon emissions reductions
and removal goals. This project would not be possible
without the full partnership of the Indigenous peoples,
local communities, and land tenure holders. Learn
more about our nature projects and partnerships.

PROTECTING TIGER LANDSCAPES IN MALAYSIAOn UN World Wildlife Day 2021, we announced thefirst of our palm conservation and protection projects.
P&G sponsorship supports the work of WWF-Malaysia
to protect Malayan tigers and landscapes in Central
Forest Spine of Peninsular Malaysia. The focus is onfour forest linkages — one in Belum-Temengor, one
in Sungai Yu, and two around the Cameron Highlands.
The project applies an integrative approach toenvironments, biodiversity, people and communities
who rely on agriculture and palm. Learn more.

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

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Protecting Forests for Generations to Come
P&G continues to make progress on our commitment
to keep forests as forests for generations to come.
Here are some highlights of our actions, including
work with leading environmental and forestry
groups, over the last year.
Holding Suppliers to Higher Standards. We holdour suppliers to high standards. In the sourcingof our paper products, for every tree used, at least
two are regrown.
To ensure suppliers adhere to our Policy,
we take the following actions:
Our paper businesses
achieved their 75%
FSC™ commitment
in 2022.

• Independent and P&G Audits• Satellite Monitoring• Public Grievance Process & Reporting

Reaching FSC™ Certification Goal. All P&G wood
pulp is third party certified, ensuring the protectionof both environmental and social values of forests.
We prefer Forestry Stewardship Council™ (FSC)
certification, which is seen as the most robust
system. Supplies of FSC™ wood fiber are limited,
yet our paper businesses set a bold goal to achieve
over 75% FSC™ certification by 2025, with a 2030
ambition of 100% FSC™.

P&G’s paper businesses achieved their
75% FSC™ 2025 commitment in 2022,
three years ahead of schedule.
And we are going beyond partnering with FSC™
and our suppliers to increase FSC™-certified lands.
P&G is also working alongside suppliers, certification
bodies, NGOs, governments and other stakeholders
to advocate for permanent protection of Intact Forest
Landscapes (IFLs) and caribou habitat. Learn more
about P&G’s Forestry progress.

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

P&G and Solvay Join Forces in Industry-leading
Effort to Double the Global Supply of Sustainable
Guar Farmed in India
Guar is a natural ingredient with many uses in personal care products like shampoos and lotions.
P&G Beauty joined forces with one of our strategic suppliers, Solvay, in the Sustainable Guar Initiative(SGI) that will positively impact the lives of more than 21,000 people and promote sustainable guar
production within the Bikaner district of Rajasthan, India — one of the world’s largest resources for guar.
Through this partnership P&G Beauty will:• Double production of sustainably farmed guarin India, expanding the program’s reach andimpact into 24 new villages.

• Create a new Johad (community-owned
rainwater storage pond) to supply water
for household and irrigation purposes.

• Train more than 5,200 farmers in the adoptionof good agricultural practices.

• Support the establishment of a new Farmer
Producer Organization to help support
the economic stability of the farmers andtheir families.

• Double the scale of support for women,
by training and empowering 1,800 additional
women farmers, including workers and membersof farming households and entrepreneurs.

One of the critical goals of Responsible Beauty is ensuring the responsible
sourcing of priority ingredients of natural origin, including 100% RSPO certified
palm oil/kernel oil and derivatives, by 2022.
Learn more.

The Sustainable Guar Initiative will
positively impact the lives of

21,000+PEOPLE38

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSETHICS & CORPORATE RESPONSIBILITY
Building on 185 years of experience, we know that a sustainably strong business
depends on maintaining strong ethics, compliance and quality standards.

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INTRODUCTION

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EQUALIT Y & INCLUSIONENVIRONMENTAL SUSTAINABILIT Y

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDSETHICS & CORPORATERESPONSIBILITY

Susan Street Whaley
Chief Legal Officer
and Secretary“P&G people are our greatest asset, and around the world,
our people live out our Purpose, Values and Principles(PVPs) each and every day, leading and guiding our businessdecisions. Our people tell us every year that our PVPs are a
key reason why they love to work at P&G. The strength of
our PVPs continue to create a strong culture, ensuring that
we continue to be a Force for Growth and a Force for Good.”40

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Committed to Doing the Right Thing
For our Citizenship work to be credible and impactful, it must be firmly rooted
in our Purpose, Values and Principles (PVPs). Most critical though is that
our PVPs and standards come to life, by forming the basis through which
our employees work to improve consumers’ lives every day. At P&G, we servenearly five billion people around the world, through operations in nearly
70 countries and have one of the strongest portfolios of trusted, quality andleadership brands. As we serve the world’s consumers, we are committed
to doing what is right and being a good corporate citizen.

We are thoughtful when establishing principled governance practices across allthat we do. This ranges from the design of our organizational structure and leadership
culture to our daily commitment to operational discipline, which impacts every
action and decision that our employees take — from sourcing quality, safe andethically produced ingredients to distributing products that prioritize safety,
transparency and well-being. It requires us to be thoughtful about the communities
and stakeholders with whom we work and impact. Ultimately, our approachto leadership in Ethics & Corporate Responsibility is our commitment to earn
your trust every day.

INTRODUCTION

COMMUNIT Y IMPACT

EQUALIT Y & INCLUSIONRECOGNITIONS& AWARDSENVIRONMENTAL SUSTAINABILIT Y

3BL Media
100 Best Corporate
Citizens of 2022

ETHICS & CORPORATE RESPONSIBILIT YRECOGNITIONS & AWARDS

Forbes 2022 America’s
Best Employers
For Diversity

42

Fortune 2022
Most Admired
Companies List

We are proud of these recognitions
that demonstrate our impact as a
Force for Growth and a Force for Good.

Barron’s Most
Sustainable
Companies 2022

Forbes 2022 World’s
Most Innovative
Companies

Logos are property of their respective owners; used with permission.

ESG for Investors
P&G provides extensive information on
its goals, results, policies, and practices.
Visit our website for more.

Explore more atpg.com/citizenship.

SASB | CDP | GRI | TCFDFORWARD-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 theassumptions 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 torisks 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 2022 Annual Report. 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.
The information in this report covers the period of July 1, 2021 to June 30, 2022. Questions related to this report can be directed to mediateam.im@pg.com.

© 2022 Procter & Gamble