Haleon PLC Drops Asia Symbol After Deforestation Probe: Why Sensodyne Maker Faces New ESG Test
Haleon PLC has dropped Asia Symbol from its packaging supply chain following an investigation by AFP and The Gecko Project, which connected the paper supplier’s pulp operations to deforested parts of Indonesian rainforest, habitat for orangutans. The Sensodyne and Panadol manufacturer said its internal review turned up no proof that material tied to deforestation made it into Haleon’s supply chain, though the company said it remained “very concerned.” It’s a tough moment for Haleon. The company has been ramping up its efforts in China, the market where the disputed packaging appeared. CEO Brian McNamara, speaking to Reuters last month, called China “an incredible market” for Haleon, as it supported a £65 million investment in an oral-health facility in Shanghai.