NEW YORK, Oct 8 (Reuters) -

Descendants of Procter & Gamble's ( PG ) founders lost a bid

on Tuesday to oust CEO Jon Moeller and members of the committee

overseeing environmental sustainability for allegedly failing to

manage deforestation risks in the consumer goods maker's supply

chain.

At the company's virtual annual meeting, shareholders voted

in Moeller and members of the governance and public

responsibility committee for another one-year term, the company

said, citing preliminary results.

The descendants asked shareholders last month to vote

out the executives, saying that P&G, one of the world's biggest

buyers of wood pulp, has not managed risks related to forest

degradation and deforestation in its supply chain.

P&G, whose brands include Tide detergent, last year dropped

a pledge from its corporate policy to not buy pulp, an essential

material for products like Charmin toilet paper and Bounty paper

towels, from degraded forests. The descendants told shareholders

that P&G's forest commodities policy is "woefully insufficient

and unclear."

In the last year, some of the descendants tried meeting with

P&G's management and board to strengthen its forest policy but

they "declined to engage," according to the letter to

shareholders filed with market regulators.

The descendants also want to know how the company plans to

comply with the European Union Deforestation Regulation, which

bans certain goods linked to deforestation and forest

degradation. P&G has said previously it will comply with the

requirements.

Some shareholders and environmental non-profits have paid

greater attention to P&G's sustainability policies and practices

since 2020. A majority of investors that year passed a

non-binding resolution urging P&G to assess how it could enhance

efforts to eliminate deforestation and forest degradation in its

supply chain.