Philip Morris International Welcomes Broad Interest for PMI IMPACT; New Global Initiative to Fight Smuggling & Related Crimes...
September 15 2016 - 11:09AM
Business Wire
Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM)
announced today that the response to PMI IMPACT, its new global
funding initiative for third party projects dedicated to fighting
smuggling and related crimes, has exceeded expectations with more
than 200 expressions of interest submitted in the first funding
round. PMI has pledged USD 100 million for three funding
rounds.
“We are delighted to see that PMI IMPACT has been well-received
and that a broad range of organizations recognized the need to join
forces to eliminate illegal trade in its many forms. With the
leadership of the Expert Council, PMI IMPACT will provide resources
for the best proposals to bring innovative and lasting solutions,”
stated Alvise Giustiniani, Vice President Illicit Trade Strategies
& Prevention, of PMI.
The Expert Council comprises external independent experts with
impeccable credentials in the fields of law, anti-corruption and
law enforcement. The experts will evaluate the project proposals
that are suitable for funding.
In total, 170 organizations including government agencies,
universities and research institutes, NGOs, and private entities
have proposed more than 200 projects under three focus areas:
research, education and awareness, and action. Submissions come
from 42 countries, primarily in Europe and North America.
For its first funding round, PMI IMPACT called for projects that
could have an impact on illegal trade and related crimes in the
European Union. Organizations based anywhere in the world were
invited to apply, as long as they could demonstrate an impact
within the EU, including an impact on the illegal tobacco
trade.
Expressions of interest will now go through due diligence checks
and quality assessment by the Expert Council. Applicants that pass
this stage will be invited to submit their full proposals. The
selection process will be completed by Q2 2017.
More information on PMI IMPACT is available online at
http://www.pmi-impact.com/.
About Philip Morris International Inc. (“PMI”)
PMI is the world’s leading international tobacco company, with
six of the world's top 15 international brands and products sold in
more than 180 markets. In addition to the manufacture and sale of
cigarettes, including Marlboro, the number one global cigarette
brand, and other tobacco products, PMI is engaged in the
development and commercialization of Reduced-Risk Products
(“RRPs”). RRPs is the term PMI uses to refer to products with the
potential to reduce individual risk and population harm in
comparison to smoking cigarettes. Through multidisciplinary
capabilities in product development, state-of-the-art facilities,
and industry-leading scientific substantiation, PMI aims to provide
an RRP portfolio that meets a broad spectrum of adult smoker
preferences and rigorous regulatory requirements. For more
information, see www.pmi.com and www.pmiscience.com.
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