Procter & Gamble (NYSE:PG) has partnered with the Alliance to Save Energy to educate the public on the benefits of washing laundry in cold water.

Procter & Gamble On Energy Saving Drive

As a part of the move, Procter & Gamble (NYSE:PG) has entered into a strategic partnership with the Alliance to Save Energy (the Alliance), a nonprofit organization, to publicize the environmental and energy savings benefits of washing laundry in cold water.

Len Sauers, Procter & Gamble (NYSE:PG) VP of Global Sustainability said, “We look forward to working with the Alliance to Save Energy to showcase how little acts like switching to cold water washing can create enormous benefits for the environment. Convincing consumers of the benefits of these habit changes is key because there is a tremendous power in the collective actions of these households.”

Procter & Gamble Co. (NYSE:PG) stocks were at 64.48 at the end of the last day’s trading. There’s been a 1.9% change in the stock price over the past 3 months.

Procter & Gamble Co. (NYSE:PG) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 2
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.66
Zack’s Rank: 6 out of 7 in the industry