Philip Morris International Recognized as Global Leader for Corporate Action on Climate Change for the Third Year Running
October 25 2016 - 3:00AM
Business Wire
Philip Morris International Inc. (“PMI”) (NYSE/Euronext Paris:
PM) today is recognized as a global leader in its action on climate
change. For the third consecutive year, the company is on the CDP’s
‘Climate A List’ for taking comprehensive action to reduce
greenhouse gas emissions and mitigate climate change, and for its
transparent disclosure process.
CDP, formerly known as the Carbon Disclosure Project, is the
leading international not-for-profit organization assessing the
work of companies worldwide in the area of climate change.
Thousands of businesses submit annual climate disclosures to CDP
for independent assessment against its scoring methodology.
PMI’s ranking places the company among the top 9% of
corporations, known as “A Listers.” CDP’s Climate Change benchmark
report is produced at the request of 827 investors with assets of
US$100 trillion.
Commenting on the results, PMI’s Head of Environmental
Sustainability, Andy Harrop, said:
“We’re very pleased to be included on the CDP A List again, and
remain dedicated to playing our part in limiting global warming.
Building on the reduction of 200,000 tons of CO2 since 2010 across
our operations, and our continued action to promote sustainable
tobacco production and environmental improvements across our value
chain, next year we will announce a suite of new targets based
directly on climate science.”
“PMI encourages strong action on climate change and supported an
ambitious outcome to COP21 in Paris last December. With the Paris
Agreement now entering into force, we look forward to working with
others in facing the challenges and opportunities of climate change
mitigation and adaptation.”
The Climate A List is released today in CDP’s report, Out of
the starting blocks: Tracking progress on corporate climate
action, which establishes the baseline for corporate climate
action and recognizes that global corporations have started the
transition towards a low-carbon economy, with some already
capitalizing on the opportunities this affords. Companies’ progress
on reducing greenhouse gas emissions is in line with the goals of
the Paris Agreement and will be tracked against this baseline in
future annual reports.
The Climate A List, along with the climate scores of all
companies publicly taking part in CDP’s climate change program this
year, is available on CDP’s website.
For more information on PMI’s sustainability work, read our
Communication on Progress Report to the UN Global Compact.
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Philip Morris International Inc.
Philip Morris International Inc. (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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