Procter & Gamble and the IOC Report an Extension to Their Worldwide Olympic Partnership Through to 2028
As the world marks one year to go until the Olympic Games Tokyo 2020, Procter & Gamble (NYSE: PG) and the International Olympic Committee (IOC) affirmed the company's commitment to the Olympic and Paralympic.
Movements, with confirmation of its Worldwide Partnership for the next four Olympic and Paralympic Games.
Building upon the success of the last ten years of partnership and the values shared by both organizations to improve lives and create a better world, P&G and the IOC are committing to a first-of-its-kind, citizenship-driven company to advance important work in critical areas equality and inclusion, environmental sustainability and community impact through Los Angeles, 2028.
For the first time, P&G has also secured global marketing rights to the International Paralympic Committee (IPC) and Paralympic Games through the IOC-IPC long-term collaboration agreement, under which the IOC oversees the IPC and Paralympic Games commercial programs.
"As a TOP Partner of the IOC for the past 10 years, we are extremely proud of the work we've done together," said P&G Chief Brand Officer, Marc Pritchard.
"As we look forward to the next decade, we recognized the opportunity and the responsibility to use our Olympic Games' sponsorship for broader impact.
In the spirit of the Olympic Movement, we're making a shared commitment through our partnership to create positive change in the world in the areas of equality and inclusion, environmental sustainability, and community impact.
We will use each of the next four Ggamesas a milestone to measure progress and leave a meaningful legacy behind."
IOC President Thomas Bach said: "Procter & Gamble has been a right partner to the IOC and a dominant force in supporting the Olympic Movement's ideals.
As we mark one year to go until the Olympic Games Tokyo 2020, we are delighted to announce that we will be "stronger together" with P&G until 2028.
Looking to the future, we have prioritized clear purpose-led initiatives that support the IOC's vision of building a better world through sport."
As a Global Partner, P&G will continue to support the Olympic and Paralympic Games Tokyo 2020, as well as the Olympic and Paralympic Winter Games Beijing 2022, the Olympic and Paralympic Games Paris 2024, the Olympic and Paralympic Winter Games Milano-Cortina 2026, and the Olympic and Paralympic Games Los Angeles 2028.
