Philip Morris International Welcomes Strong Interest for PMI IMPACT
November 28 2017 - 5:05AM
Business Wire
Global Initiative against Illegal Trade and
Related Crimes Receives 157 Applications in Second Funding
Round
Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM)
announced today that PMI IMPACT, its global initiative to support
third party projects dedicated to fighting illegal trade and
related crimes, received 157 expressions of interest for its second
funding round.
The applications come from a range of government agencies,
public universities, private companies, and not-for-profit
organizations across 56 countries in Asia, Latin America, Eastern
Europe, Middle East, Africa, the EU, and the US.
“The Expert Council is encouraged by the substantial number of
responses to our invitation for expressions of interest in
combatting illegal trade in all its forms. It is gratifying to
receive such sustained support for the initiative taken by PMI
IMPACT to get all relevant stakeholders to work together,” stated
Navi Pillay, member of the PMI IMPACT Expert Council. “We will be
reviewing the applications and will make a selection of the
successful candidates shortly.”
The second funding round of PMI IMPACT focuses on projects that
will tackle converging forms of illegal trade such as the smuggling
and counterfeiting of goods, human trafficking, and the trade in
drugs, arms, and wildlife. This round also examines the interlinks
of illegal trade with related crimes, including corruption, money
laundering, and organized criminal networks.
“We would like to thank all applicants for their proposals. Our
hope is that PMI IMPACT will be a global enabler for innovative
projects against illegal trade, and we are encouraged to see this
initiative materialize and evolve year after year” stated Alvise
Giustiniani, PMI’s Vice President Illicit Trade Strategies &
Prevention.
Following the review of the expressions of interest, selected
applicants will be invited to submit their full project proposals
in early 2018 for further evaluation and final selection by the PMI
IMPACT Expert Council, a body of external independent experts in
the fields of law, anti-corruption, human rights, and law
enforcement.
PMI has pledged USD 100 million for three funding rounds of PMI
IMPACT. 32 projects were selected for funding in the initiative’s
first round, with allocated grants of approximately USD 28
million.
More information on the initiative is available on the PMI
IMPACT website.
About Philip Morris International Inc. (“PMI”)
PMI is a 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 that present, are likely to
present, or have the potential to present less risk of harm to
smokers who switch to these products versus continued smoking.
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 PMI and PMI Science.
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