March 27, 2016

Philip Morris International recognized for the second consecutive year on The Climate “A” List in the CDP Global Climate Change Report.

Philip Morris International Inc. (PMI) has been recognized by CDP  as a Global Climate Performance Leader  for its high performance in measuring, verifying and managing its carbon footprint, earning a place on CDP’s Climate “A” Listfor the second year in a row.  In addition to the company’s actions to tackle climate change, CDP also recognized the comprehensive disclosure of our climate change information, awarding PMI top marks with a 100% score for Carbon Disclosure – a rating based on the completeness and quality of information provided to CDP.  These are the company’s best ever results in the annual CDP survey.  

CDP, formerly known as the “Carbon Disclosure Project” is the leading international not-for-profit organization assessing the work of thousands of companies worldwide in the area of climate change.  The “A Listers” include 113 companies, which represent the top 5% of those who participated in this year’s survey, compiled at the request of 822 investors who represent more than a third of the world’s invested capital. 

We are proud to be among the global leaders recognized in CDP’s Climate “A” list for the second consecutive year. This is the result of the ambitious targets we have set for ourselves and our consistent efforts to achieve significant emissions reductions across our value chain. For PMI, reducing our environmental footprint and managing the environmental risk posed by climate change is central to our business strategy. ” said Andrew Harrop, Head of Environmental Sustainability at Philip Morris International. 

The Climate “A” List is part of CDP’s annual global climate change report  published on Wednesday, November 4th2015, three weeks ahead of COP21, the UN climate change conference , where national leaders will meet to agree to reduce carbon emissions and limit temperature warming. CDP’s report tracks five years of progress from the world’s largest publicly traded companies and demonstrates the extent to which corporations have shifted their strategies to become part of the solution to the climate challenge.

Speaking following the publication of the Global Climate Leaders Report, CDP’s executive chairman and co-founder Paul Dickinson said: “The influence of the corporation is mighty.  We congratulate the A List companies that are illuminating the path to a low carbon future through their climate leadership.  The momentum of business action on climate change suggests we are reaching a tipping point, where companies are poised to achieve their full potential.  They need ambitious policy at both a national and international level that will support them in this regard and will catalyze participation from industry at scale.”

For more information on PMI’s sustainability efforts visit:http://www.pmi.com/eng/sustainability/pages/sustainability.aspx  

Background information:

CDP is the leading international NGO assessing the work of thousands of companies worldwide in the area of climate change.  CDP assesses corporations’ efforts in this area and provides them with credible global benchmarking system for environmental performance.  

CDP performance scores provide a tool for institutional investors and stakeholder to assess corporate efforts to mitigate climate change as well as corporate preparedness for changing market demands and emissions regulations.  Scores are communicated to investors and decision-makers via various channels, including Bloomberg terminals. 

For more information on CDP and the ‘Road to Paris 2015’ commitments agreed with their strategic partner, We Mean Business Coalition , visit: https://www.cdp.net/en-US/Pages/commit-to-action.aspx . To see PMI’s commitment to science-based targets to limit climate change as part of the ‘We Mean Business Coalition’, click here.  

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