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Consumer products giant says the move is critical to meeting its goal of achieving net-zero emission from its products by 2039.
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Man-made cellulosic fibers, the second biggest cellulosic fiber group after cotton, holds huge untapped potential to transform the fashion industry, according to Forum for the Future and the Textile Exchange.
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The new 2039 target builds on existing goals to reach carbon neutrality across its operations and halve its value chain emissions by the end of the decade.
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Around a third of investors, including the world's largest asset manager, voted for changes to the oil giant's governance to help drive bolder climate action