\nPhilip Morris International Inc. (PMI) (NYSE: PM) today announced its sustainability efforts have been recognized by two leading environmental organizations: CDP, the international nonprofit whose global disclosure system is used by investors, companies, and municipalities to measure and manage their environmental impacts, and the Science Based Targets initiative (SBTi), which drives ambitious climate action in the private sector by enabling companies to set meaningful emissions reduction targets.\n<\/p>\n
\nAndr\u00e9 Calantzopoulos, PMI\u2019s CEO, said, \u201cStrong action must be taken to reduce the risks of climate change impacts and stop the destruction of nature. At PMI, we are investing in innovative programs and taking a multidisciplinary approach to reduce the environmental impact of our products, operations, and value chain.\u201d He continued, \u201cWe firmly believe that by integrating sustainability into every aspect of our company, we will have a positive impact on both the long-term resilience of our business and the well-being of society. The validation of our efforts by CDP and SBTi reinforces that we\u2019re on the right path and demonstrates the commitment of our teams and suppliers, who play an essential role in making our sustainability ambitions a reality.\u201d\n<\/p>\n
\nCDP has recognized PMI as a global environmental leader. Of the more than 5,800 organizations scored, PMI is one of only 10 companies worldwide to receive the \u201cTriple A\u201d score, which acknowledges the company\u2019s best-in-class efforts in tackling climate change, as well as acting to protect forests and water security. This marks the seventh year that PMI has ranked on CDP\u2019s A List for Climate Change. For the previous year, PMI also earned a position on the Water Security A List, and an A- for its forest disclosure. Combined, CDP\u2019s most recent rankings place PMI among the select few to achieve a Triple A score and among the world’s most pioneering companies leading on environmental transparency and performance.\n<\/p>\n
\nFurther, SBTi verified PMI\u2019s emissions reduction targets, confirming that PMI\u2019s environmental efforts are grounded in science and consistent with the reductions required to meet the goals of the Paris Climate Agreement and limit global warming to 1.5 \u00b0C. SBTi\u2019s validation emphasizes that PMI\u2019s carbon reduction strategy is aligned with climate science to prevent the most damaging effects of climate change.\n<\/p>\n
\nJennifer Motles, Chief Sustainability Officer at PMI, said: \u201cDespite the unprecedented challenges brought on by the global pandemic, we have not deviated from our efforts to be a more sustainable company. I am incredibly proud of our teams and suppliers around the world, whose dedication to combating the risks of climate change has made us one of a handful of companies recognized as a leader on corporate environmental transparency by both CDP and SBTi. These monumental achievements demonstrate not only the seriousness we attribute to ESG-related matters but also the level of expertise, talent, and passion our company is putting toward achieving our long-term targets and ultimately making impactful change happen.\u201d\n<\/p>\n
\nEarlier this year, PMI released its first-ever Integrated Report<\/a> highlighting the progress made in 2019 toward a smoke-free future and the company\u2019s performance in environmental, social, and governance (ESG) related areas. The report discloses the broad range of activities PMI is undertaking to achieve carbon neutrality<\/a> in its direct operations (scopes 1 + 2) by 2030 and across its entire value chain (scopes 1 + 2 + 3) by 2050. In November, the company integrated its sustainability function under the leadership of PMI\u2019s Chief Financial Officer, further reinforcing that PMI\u2019s sustainability strategy is embedded in every aspect of its business.\n<\/p>\n Water stewardship<\/a> and sustainable forest management are also a significant part of PMI\u2019s efforts to reduce its environmental footprint. As the company increases its production capacity for smoke-free products, it is evolving its water strategy, with clean technology investments delivering water recycling. These efforts are guided by the Alliance for Water Stewardship standard, through which the company has had six factories certified. To combat deforestation and protect biodiversity, PMI has developed a zero deforestation manifesto<\/a> and has set a goal to have a net positive impact on forests associated with its tobacco supply chain by 2025. Additionally, as part of PMI\u2019s Good Agricultural Practices<\/a> program, all tobacco suppliers and contracted farmers are expected to use and manage natural resources sustainably and minimize negative impacts on the environment.\n<\/p>\n \nPaul Simpson, CEO of CDP, said: \u201cWe extend our congratulations to all the companies on this year\u2019s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation, and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an \u2018ambition loop\u2019 for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies that are preparing themselves to excel in the economy of the future by taking action today.\u201d\n<\/p>\n \nSince announcing its commitment to a smoke-free future in 2016, PMI has actively focused its resources on developing, scientifically substantiating, and responsibly commercializing smoke-free products that are less harmful than smoking, with the aim of replacing cigarettes with smoke-free alternatives as soon as possible for those adults who would otherwise continue to smoke. The biggest positive impact PMI can have on society is to transform its business, and thus the company places this atop its sustainability priorities. As PMI rapidly progresses toward achieving its vision of a smoke-free future, it continues to enhance its sustainability efforts and embed sustainability into every aspect of its business.\n<\/p>\n \nThe full list of companies on this year\u2019s CDP A List is available here, along with other publicly available company scores: www.cdp.net\/en\/companies\/companies-scores<\/a>.\n<\/p>\n \nAdditional information on PMI\u2019s sustainability activities is available at PMI.com\/Sustainability<\/a>.\n<\/p>\n Note to editors <\/b><\/p>\n Philip Morris International: Delivering a Smoke-Free Future About CDP \nThe full methodology and criteria for the A List is available on CDP\u2019s website at: https:\/\/www.cdp.net\/en\/companies\/companies-scores<\/a>.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201210005322\/en\/<\/a><\/span><\/p>\n \nDaniella Weinberg KEYWORDS:<\/b> Europe Switzerland United States North America New York<\/p>\n INDUSTRY KEYWORDS:<\/b> Tobacco Retail Environment<\/p>\n
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<\/b>Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products 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, as well as smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States. PMI ships a version of its smoke-free devices and consumables authorized by the U.S. Food and Drug Administration to Altria Group, Inc. for sale in the United States under license. 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. For more information, please visit www.pmi.com<\/a> and www.pmiscience.com<\/a>.\n<\/p>\n
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<\/b>CDP is a global nonprofit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who disclosed, making CDP\u2019s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https:\/\/www.cdp.net\/en<\/a> or follow us @CDP to find out more.\n<\/p>\n<\/p>\n
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Philip Morris International
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T. +1 433 0447
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E. daniella.weinberg@pmi.com<\/a><\/p>\n
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