Islamabad
\nPhilip Morris International (PMI) has published its 2022 Integrated Annual Report, highlighting progress against its sustainability targets and commitments.
\nThe report outlines PMI\u2019s continued evolution into a science- and technology-driven company that aims to replace cigarettes with better alternatives for adult smokers who would otherwise continue to smoke.
\n\u201cAs the world grapples with the COVID-19 pandemic and the global climate crisis, PMI remains committed to delivering a smoke-free future and driving positive impact in society and the environment,\u201d said Jacek Olczak, Chief Executive Officer of PMI.
\n\u201cOur latest Integrated Report highlights our progress toward our ambitious goals, particularly in expanding the availability of our smoke-free products, investing in product and operational sustainability, and promoting diversity and inclusion within our company.
\nWe remain laser-focused on advancing our ESG agenda and driving progress on the most pressing issues facing our business and the world at large.\u201d
\nPMI has established eight strategies to tackle its most pressing areas of impact, including climate change, circularity, and human rights, and established 11 goals that form the basis of its 2025 Roadmap. PMI has also developed 19 key performance indicators (KPIs) to measure progress via its Sustainability Index.
\nPMI published its first Environment, Social and Governance KPI Protocol last year, outlining the definition, methodology, and scope of each of the Sustainability Index\u2019s KPIs to provide measurable, verifiable, consistent, and accurate reporting on progress. PMI has updated the Protocol to account for its efforts in 2022 to make these KPIs even more robust.
\nOn the social side of PMI\u2019s operations, it expanded access to structured lifelong learning offers among its employees, published a strengthened commitment to human rights, and completed its sixth and seventh human rights impact assessments, in Brazil and Malaysia.
\nPMI\u2019s efforts to prevent youth access to its products remained strong, with 91% of total shipment volume covered by youth access prevention programs in indirect retail channels.
\nIn terms of environmental impact, PMI continued to decarbonize its direct operations and validated its science-based targets for net zero GHG emissions across its value chain by 2040.
\nPMI conducted seven human rights impact assessments since 2018 in the highest-risk countries where it operates, and 40.7% of management positions are now held by women, exceeding PMI\u2019s 2022 target of 40%. PMI has made significant progress in its efforts to purchase leaf at no risk of net deforestation of managed natural forests and no conversion of natural ecosystems, with 55% of its leaf purchased at no risk during 2022. PMI received a Triple A Score from CDP for climate, forest, and water security for the third consecutive year.
\nOn the operational impact side, during 2022, PMI achieved a 30% reduction in absolute GHG emissions in the tobacco supply chain versus the 2019 baseline. PMI aspires to reduce its absolute GHG emissions in the tobacco supply chain by 50%, by 2030. The company continued to reduce water intensity and achieved a decline of 47% versus 2018, at a ratio of 2.5 cubic meters per million cigarettes (down from 4.7 in 2018).
\nWith a robust ESG framework in place, PMI has set ambitious targets and is taking concrete steps to achieve them. For more information please visit PMI\u2019s website (www.pmi.com).<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad Philip Morris International (PMI) has published its 2022 Integrated Annual Report, highlighting progress against its sustainability targets and commitments. The report outlines PMI\u2019s continued evolution into a science- and technology-driven company that aims to replace cigarettes with better alternatives for adult smokers who would otherwise continue to smoke. \u201cAs the world grapples with the […]<\/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":{"0":"post-331493","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n