The change drew the ire of several P&G investors.
Its new forestry policy could put it at odds with a European Union deforestation law coming into effect in about 18 months banning certain goods linked to deforestation and forest degradation.
"Our ongoing efforts to keep forests as forests while continuing to serve consumers with superior-performing products, all of those efforts remain unchanged."
In its new forestry policy, P&G, which also makes Tide detergent and Dawn dish soap, consolidates existing guidelines for paper packaging and palm oil, used throughout its portfolio of products.
The NRDC late last year filed a complaint with the U.S. Securities and Exchange Commission (SEC) to evaluate if P&G's claims that it prohibits forest degradation were materially misleading investors.
Persons:
Leslie Samuelrich, Jack McAneny, McAneny, Elrod, Gaurav Madan, Madan, Shelley Vinyard, Vinyard, Peter van der, Jessica DiNapoli, Aurora Ellis
Organizations:
YORK, Procter, Gamble, Green, Funds, Reuters, Commodities, United, Food, Agriculture Organization, BNP, Asset Management, Natural Resources Defense, BlackRock, Street, UBS, Legal, General, Natural Resources Defense Council, U.S . Securities, Exchange Commission, SEC, Thomson
Locations:
Cincinnati, Latin America, Europe, Canada, U.S, Robeco, New York