PMI Among Elite Group of Companies to Score A for Climate Change
Only Tobacco Company on This Year’s List Recognized by Environmental Nonprofit CDP
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.
Marija Sommer
Philip Morris International
T: +41 (0)58 242 5502
E: Marija.Sommer@pmi.com
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