As our new ambitions demonstrate, PMI understands that decarbonization, biodiversity protection, forestry management, and water stewardship are deeply connected. We aspire to lead by example in the responsible and sustainable management of natural resources that can allow the promotion and protection of natural ecosystems. It is important to recognize the linkages between biodiversity loss and vulnerability to climate change, and how these could exacerbate poverty and inequality. Adaptation strategies that promote the protection, preservation, and efficient use of natural resources help us build preparedness to manage potential environmental impacts that could affect our business.
Jennifer Motles ,
Chief Sustainability Officer
Today’s accelerated rate of biodiversity loss poses extraordinary risks for society and business: Taking action to reverse this trend is of paramount importance and everyone has a role to play. As a global player with a large-scale value chain, we recognize our key role in taking actions to reverse biodiversity losses. In doing so, we will leverage positive changes we are continuing to implement in our own operations and across our value chain together with our business partners. PMI’s strategy on biodiversity and water consolidates existing targets and actions to address impacts of our business on nature, while also updating our directional ambition for 2033 and expressing longer-term goals for 2050, to contribute to a nature-positive future in line with the Post 2020 Global Biodiversity Framework.
PMI’s ambition on biodiversity and water gives us renewed energy to carry forward and increase the impact of our programs to preserve nature. We believe that a constant effort at the landscape level is key to transforming the relationship we have with ecosystems and local stakeholders in the mutual goal of protecting nature and the resulting ecosystem services generated by it. We are on track to a deforestation-free supply chain.
Our updated strategy looks rigorously at the most relevant pressures on nature with focus on ecosystem use and use change including sustainable management and protection of water resources across our value chain, in alignment with the Post 2020 Global Biodiversity Framework and leveraging guidance from the Science Based Targets for Nature. We will publish our first value chain report on biodiversity footprint and dependencies by 2025. We aim to achieve no net loss at 2033, meaning that we will protect the integrity of natural ecosystems connected with PMI and its business partners, and we extend our ambition to 2050 to contribute towards a nature positive future.
