A new Global Leaders Report issued today by the leading environmental
non-governmental organization, CDP
(formerly ‘the Carbon Disclosure Project’), awarded Philip Morris
International Inc. (“PMI”) (NYSE / Euronext Paris: PM) a Band A
rating, a Leadership Status for Carbon Performance
and a 96% score for Carbon Disclosure based on the company’s
activities to mitigate climate change in its supply chain in 2013. This
is PMI’s best score ever in the CDP ratings, and we are the only tobacco
company to make the
‘A list’.
“Environmental sustainability is central to our business strategy.
We have established ambitious emission
reduction targets and work closely with every participant in
our value chain to deliver against these targets. Our excellent
results in this year’s CDP Leaders Report are an important and welcome
recognition of our efforts,” said Chief Executive Officer, André
Calantzopoulos.
PMI is one of only three consumer staples companies to achieve
‘Performance Leadership Status’ in the 2014 CDP
S&P 500 report. For the first time, this year’s report also
correlates a corporation’s environmental rating with their economic
performance, using Return on Equity (ROE) as a key metric. PMI scores at
the top of the premier quartile of S&P 500 companies in this ranking
(see visual, source: CDP
S&P 500 report, 2014.)
PMI today also announced its decision to support the CDP ‘Road to Paris
2015’ initiative to receive business community endorsement of long-term
carbon emission reduction targets that are scientifically sound and
consistent with limiting global warming.
For more information on PMI’s environmental sustainability efforts
visit: www.pmi.com
or watch our short video on PMI’s CDP ranking in 2014 here.
-ENDS-
NOTE TO EDITOR
CDP (formerly, ‘the Carbon Disclosure Project’) is the leading
international NGO assessing the work of thousands of companies worldwide
in the area of climate change. CDP assesses corporations’ efforts in
this area and provides them with a highly credible, global benchmarking
system for environmental performance.
The Carbon Disclosure score measures the completeness and quality
of the information we’ve provided on climate change whilst the Carbon
Performance measures the level of action we’re taking – the strength
of our governance, strategies and targets, and importantly, the
magnitude of improvement and reduction of our impact on climate change.
CDP performance scores provide a tool for institutional investors and
stakeholders to assess corporate efforts to mitigate climate change as
well as corporate preparedness for changing market demands and emissions
regulation. Scores are communicated to investors and decision-makers via
various channels, including Bloomberg terminals.
For more information on CDP and the list of CDP commitments engulfed in
their ‘Road to Paris 2015’ strategy, visit: https://www.cdp.net/en-US/Pages/HomePage.aspx.
About Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading international
tobacco company, with seven of the world's top 15 international brands,
including Marlboro, the number one cigarette brand worldwide. PMI's
products are sold in more than 180 markets. In 2013, the company held an
estimated 15.7% share of the total international cigarette market
outside of the U.S., or 28.3% excluding the People's Republic of China
and the U.S. For more information, see www.pmi.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141015005618/en/
Copyright Business Wire 2014