Islamabad
\nPhilip Morris International Inc. (PMI) released its third annual Integrated Report (\u2018the Report\u201d) which outlines the PMI\u2019s new environmental, social, and governance (ESG) framework based upon a formal sustainability materiality assessment conducted in 2021.
\nThe Report also includes an updated Statement of Purpose as well as detailed information about PMI\u2019s strategic vision, performance, governance, and value creation model.
\nThe redesigned ESG framework recognizes two distinct topic areas: \u201cProduct Impact\u201d pillar (including issues related to PMI\u2019s products) and \u201cOperational Impact\u201d pillar (including issues related to PMI\u2019s business operations).
\nThis distinction forms the basis of PMI\u2019s new approach to sustainability, which consists of eight clear impact driven strategies that aim to address the most material ESG topics .
\nPMI\u2019s 2025 Roadmap outlines key goals and informs the route of PMI\u2019s long-term plan has been revised and now comprises of 11 headline goals connected to the eight strategies that clearly explain the social and environmental impacts PMI aims to achieve.
\nPMI\u2019s \u2018Statement of Purpose\u2019 has also undergone revision to ensure it remains a current and fair representation of PMI\u2019s strategy.
\nHighlighting the strong commitment towards inclusion and diversity as part of the sustainability strategy, the Report also outlines the details of the MakeYourComeback initiative implemented by Philip Morris (Pakistan) Limited (PMPKL), a subsidiary of PMI, in 2021.
\nThe initiative aimed to hire women who had taken a break from paid work and wished to relaunch their careers for its various projects. The Report also details how the implementation of ALP (Agricultural Labor Practices) helped increase labor efficiency in Pakistan while mitigating any potential risks to contracted farmers, committing to continuing these efforts as per the revised sustainability strategies in response to Pakistan\u2019s local community needs.
\nMr. Roman Yazbeck- Managing Director PMPKL, while reassuring PMPKL\u2019s commitment towards sustainability goals and framework, said, \u201cFor PMPKL, sustainability is a fundamental opportunity for innovation, growth, and purpose-led, impact-driven, long-term value creation. We are constantly working to put our sustainable values into action so that they are fully reflected in our products and operations. Following the strategies and goals highlighted in PMI\u2019s integrated report, PMPKL aims to work on the targeted categories by designing and implementing related initiatives and delivering results locally.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad Philip Morris International Inc. (PMI) released its third annual Integrated Report (\u2018the Report\u201d) which outlines the PMI\u2019s new environmental, social, and governance (ESG) framework based upon a formal sustainability materiality assessment conducted in 2021. The Report also includes an updated Statement of Purpose as well as detailed information about PMI\u2019s strategic vision, performance, governance, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-262504","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n