P&G Releases 2015 Sustainability Report, Detailing Progress against 2020 Environmental and Social Goals

The Procter & Gamble Company (NYSE:PG) released its 17th annual sustainability report today, detailing the progress it is making to reduce its environmental footprint and improve social conditions for those in need. The report reinforces the Company’s commitment to operating sustainably and details the progress against the Company’s long-term vision of producing products that consumers love while maximizing the conservation of resources, powering all its plants with 100% renewable energy, using 100% renewable or recycled materials for all products and packaging and having zero consumer and manufacturing waste go to landfill.

Olenex to Become a Full-Function Joint Venture

Archer Daniels Midland Company (NYSE: ADM) and Wilmar International Limited (SGX: F34) announced today that they have entered into an agreement whereby Olenex, their partnership to market oils and fats in Europe, will become a full-function joint venture with its own assets. As part of the agreement, ADM will transfer two sites—a specialty oils and fats facility and a palm refining plant in Hamburg, Germany—to the new joint venture. Wilmar will transfer its tropical oils processing plants in Brake, Germany and Rotterdam, the Netherlands. In addition to processing, the joint venture will also integrate raw materials sourcing, trading, and sales and marketing operations. The agreement also stipulates that refined oils and fats from ADM’s other plants in the Czech Republic, Germany, the Netherlands, Poland and the U.K. will be marketed by Olenex.