Only Tobacco Company on This Year’s List Recognized by Environmental
Nonprofit CDP
LAUSANNE, Switzerland--(BUSINESS WIRE)--Jan. 23, 2019--
Philip Morris International Inc. (PMI) (NYSE: PM) has been highlighted
as a global leader on corporate climate action by environmental impact
nonprofit CDP, achieving a place on the CDP Climate Change A List for
the fifth consecutive year. As the only tobacco company to have scored
an A, PMI has been recognized for cutting emissions, mitigating climate
risks and developing the low-carbon economy, based on its 2018
disclosure to CDP.
“Climate change is one of major concerns for humanity, and companies can
make a difference. Just like we are leading our industry’s
transformation toward a smoke-free future, we are focused on bettering
every part of our business and supply chain to become a leader in
sustainable business practices,” said André Calantzopoulos, Chief
Executive Officer, PMI.
The company’s efforts to reduce the environmental footprint of its
operations focus on sustainable design in new facilities, energy
efficiency in manufacturing processes, greener purchasing of electricity
and fuels as well as greening of our fleet. Additionally, the
environmental efforts go beyond the factory gates: Most GHG emissions
related to the tobacco supply chain come from the curing process for
Virginia flue-cured tobacco, one of the main tobacco types the company
purchases. PMI aims to lower GHG emissions in the curing process by 70
percent by 2020 (vs. 2010). To achieve this, PMI works with contracted
farmers and leaf tobacco suppliers to improve curing-barn efficiency
(combustion efficiency, ventilation and controls), as well as eliminate
the use of coal and non-sustainable wood. The CDP A-list recognition
underscores that the company is on track to achieve its target.
Paul Simpson, CEO of CDP, said: “Congratulations to all companies that
made it onto CDP’s A List this year. As the severity of environmental
risks to business becomes ever more apparent, these are the companies
that are positioning themselves to provide solutions, seize new market
opportunities and thrive in the transition to a sustainable economy. We
need to urgently scale up environmental action at all levels in order to
meet the goals of the Paris Agreement and the Sustainable Development
Goals. It’s clear that the business world is an essential player in this
transition, and the A List companies are set to make a substantial
contribution to those goals.”
CDP, formerly Carbon Disclosure Project, is an international nonprofit
that drives companies and governments to reduce their greenhouse gas
emissions, safeguard water resources and protect forests. Voted the No.
1 climate research provider by investors, CDP works with institutional
investors with assets of US$87 trillion, leveraging investor and buyer
power to motivate companies to disclose and manage their environmental
impacts.
Every year, thousands of companies disclose data about their
environmental impacts, risks and opportunities to CDP for independent
assessment against its scoring methodology. In 2018, 7,000 companies
with over 50 percent of global market capitalization disclosed
environmental data through CDP.
For more information about PMI’s sustainable practices or to review the
company’s latest Sustainability Report, visit www.PMI.com/sustainability
Philip Morris International: Building a Smoke-Free Future
Philip Morris International (PMI) is leading a transformation in the
tobacco industry to create a smoke-free future and ultimately replace
cigarettes to the benefit of adults who would otherwise continue to
smoke, society, the company and its shareholders. PMI is a leading
international tobacco company engaged in the manufacture and sale of
cigarettes, smoke-free products and associated electronic devices and
accessories, and other nicotine containing products in markets outside
the U.S. PMI is building a future on a new category of smoke-free
products that, while not risk-free, are a much better choice than
continuing to smoke. Through multidisciplinary capabilities in product
development, state-of-the-art facilities and scientific substantiation,
PMI aims to ensure that its smoke-free products meet adult consumer
preferences and rigorous regulatory requirements. PMI's smoke-free IQOS
product portfolio includes heated tobacco and nicotine-containing vapor
products. As of September 30, 2018, PMI estimates that approximately 5.9
million adult smokers around the world have already stopped smoking and
switched to PMI’s heated tobacco product, which is currently available
for sale in 43 markets in key cities or nationwide under the IQOS
brand. For more information, see our PMI
and PMIScience
websites.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005404/en/
Source: Philip Morris International
Marija Sommer
Philip Morris International
T: +41 (0)58 242 5502
E:
Marija.Sommer@pmi.com
