Philip Morris International Named to the 2021 Bloomberg Gender-Equality Index, Recognizing Company’s Commitment to Advancin...
January 27 2021 - 8:18AM
Business Wire
Philip Morris International Inc. (PMI) (NYSE: PM) has today been
added to the 2021 Bloomberg Gender-Equality Index (GEI) for its
transparency in gender reporting and advancing women’s equity. This
recognition underscores PMI’s work to progress gender equity in the
workplace and to ensure equal opportunities for all employees.
“I am delighted that PMI has been named to the 2021 Bloomberg
Gender-Equality Index for our focus on advancing gender equity,”
said Silke Muenster, Chief Diversity Officer at PMI. “We count on
inclusion to better our organization and believe everyone has an
important role to play in making PMI a more inclusive and diverse
employer. From striving to improve our gender balance at all levels
to maintaining our global leadership on equal pay, our efforts are
not only an essential part of being a responsible corporate citizen
and contributing to our shared global sustainability goals but also
crucial to our progress toward delivering a smoke-free future.”
The Bloomberg GEI measures gender equality across five pillars:
female leadership and talent pipeline, equal pay and gender pay
parity, inclusive culture, sexual harassment policies, and
pro-women brand. PMI is one of 380 companies across 11 sectors
included in this year’s index, all of which scored at or above a
global threshold established by Bloomberg to reflect a high level
of disclosure and overall performance across the framework’s
pillars. PMI’s recognition stems from the host of efforts it has
made in recent years, including:
- Setting a global company-wide target to improve gender balance
to at least 40 percent female representation in management by 2022
and measuring and reporting progress against it;
- Becoming the first EQUAL-SALARY globally certified company
(March 2019), confirming equal pay for equal work for women and men
everywhere PMI operates (90+ countries);
- Appointing a Chief Diversity Officer, who reports directly to
the CEO;
- Addressing gender bias in talent assessments—including in
recruitment, performance management, and opportunities for
promotion;
- Offering flexible working arrangements for employees and
supporting women and men in better balancing work and family
commitments with parental leave; and
- Celebrating top female talent as role models and offering
formal and informal opportunities for women to build valuable
connections for support, learning, and mentoring.
“The companies included in the 2021 GEI are expanding the ESG
data universe to include gender-related data that investors are
demanding today,” said Peter T. Grauer, Chairman of Bloomberg.
“Their commitment to disclosure is making the business case for
inclusion and driving transparency in the markets.”
To learn more, please visit the GEI website. More information on
PMI’s I&D efforts is available here and here.
Philip Morris International: Delivering 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 with smoke-free products 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, as well
as smoke-free products and associated electronic devices and
accessories, and other nicotine-containing products in markets
outside the U.S. In addition, PMI ships a version of its IQOS
Platform 1 device and its consumables to Altria Group, Inc. for
sale under license in the U.S., where the U.S. Food and Drug
Administration (FDA) has authorized their marketing as a modified
risk tobacco product (MRTP), finding that an exposure modification
order for these products is appropriate to promote the public
health. 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 product portfolio includes
heat-not-burn and nicotine-containing vapor products. As of Sept.
30, 2020, PMI estimates that approximately 11.7 million adult
smokers around the world have already stopped smoking and switched
to PMI’s heat-not-burn product, available for sale in 61 markets in
key cities or nationwide under the IQOS brand. For more
information, please visit www.pmi.com and www.pmiscience.com.
The Bloomberg Gender-Equality Index (GEI)
The Bloomberg GEI brings transparency to gender-related
practices and policies at publicly listed companies, increasing the
breadth of environmental, social, governance (ESG) data available.
Companies included in this year’s index scored at or above a global
threshold established by Bloomberg to reflect a high level of
disclosure and overall performance across the framework’s five
pillars.
Both the framework and the GEI are voluntary and have no
associated costs. The GEI is a reference index and is not for use
as a financial benchmark. The index is not ranked.
Through disclosure of gender-related metrics using the GEI
framework, companies included in the 2021 GEI have committed to
providing a comprehensive look at their investment in workplace
gender equality and the communities in which they operate, raising
the bar of what should be expected from other companies within the
same industry. For more information, please visit
https://www.bloomberg.com/gei/about/.
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Philip Morris International David Fraser T. +41 (0)79 843 8603
E. david.fraser@pmi.com
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