Karachi
\nPhilip Morris International (\u201cPMI\u201d or \u201cCompany\u201d), the parent company of Philip Morris (Pakistan) Limited, proudly announces its receipt of a \u201ctriple-A\u201d rating from Carbon Disclosure Project (\u201cCDP\u201d) for the fourth consecutive year, for its disclosure on climate change, forest and water security. The Carbon Disclosure Project (CDP) is a not-for-profit organization that runs a\u201d\u201d global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. This recognition places PMI among the world\u2019s leading companies in climate change, forest conservation, and water security.
\nMaintaining its position on CDP\u2019s Climate A List for the past decade, PMI remains dedicated to transparency and performance as it progresses toward achieving its ambitious science-based targets. These targets include carbon neutrality for scope 1+2 by 2025 and net zero by 2040 for scope 1+2+3. PMI\u2019s efforts to halt deforestation, moving to zero net deforestation in managed forests by 2030, have also been recognized by CDP, which placed the Company on its Forests A List for the fourth consecutive year. Additionally, PMI has secured its place on CDP\u2019s Water A List for the fifth consecutive year, highlighting the Company\u2019s ongoing commitment to water optimization targets.
\n\u201cExternal recognition from organisations like CDP encourages us to continue our transformation journey and commitment to sustainability. Clear and transparent reporting of the progress helps PMI find new opportunities for action, identify and tackle growing risks, and get ahead of regulatory and policy changes.\u201d Said Scott Coutts, Senior Vice President of Operations.
\nIn addition to its CDP rating, PMI is committed to advancing the adoption of the Taskforce on Nature-related Financial Disclosures (\u201cTNFD\u201d) recommendations.
\n\u201cWe recognize the urgency to address climate change and protect biodiversity and this is why our decarbonization strategy and progress are closely tied to preserving natural ecosystems,\u201d said Jennifer Motles, Chief Sustainability Officer. \u201cWe are proud to be an early adopter of the TNFD framework and will be reporting on it in 2025, which builds on the work we have already done to incorporate climate-related risks, and opportunities into our overall business strategy and disclosure efforts following the Taskforce on Climate related Financial Disclosures (\u201cTCFD\u201d) recommendations\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi Philip Morris International (\u201cPMI\u201d or \u201cCompany\u201d), the parent company of Philip Morris (Pakistan) Limited, proudly announces its receipt of a \u201ctriple-A\u201d rating from Carbon Disclosure Project (\u201cCDP\u201d) for the fourth consecutive year, for its disclosure on climate change, forest and water security. The Carbon Disclosure Project (CDP) is a not-for-profit organization that runs a\u201d\u201d […]<\/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-391983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n