Forbes ranks Philip Morris International in the top five of its 2026 Net Zero Leaders list

Philip Morris International (PMI) has once again been included in Forbes’ 2026 Net Zero Leaders¹ list, ranking no. 4 in its line-up of top performers.

Recognizing our leadership and continued progress in advancing climate action across our global operations, the list highlights publicly listed U.S. companies best positioned to achieve net zero emissions by 2050—based on measurable performance, not just commitments. 

Despite most companies aligning to a 2050 net zero horizon, PMI remains committed to its goal of reaching net zero across its value chain by 2040, as set out in our Climate Transition Plan, published in 2025. 

Long-term value creation: A strategic advantage

Our 2040 aspiration reflects PMI’s confidence in collective progress and our belief that ambition drives innovation, policy will evolve to enable change, and collaboration will accelerate system wide transformation. Above all, it signals hope: That by acting early and holding firm, PMI can help build the critical momentum needed to shift markets, technologies, and mindsets, and inspire similar action across our value chain.

“Transforming a global business has taught us that the companies best prepared for what’s ahead are those that treat long-term value creation as a source of strategic advantage, not a parallel agenda,” said Jennifer Motles, PMI’s Chief Sustainability Officer. 

“Climate action sits at the heart of how we generate sustainable value—for our shareholders, our suppliers and partners, as well as the societies we operate in.

“Being recognized once again by Forbes as a climate leader confirms that the choices we make today about strategy, capital, and governance shape the sustainability of the business we become tomorrow.”  

Top-ranked in FMCG and fourth overall

Philip Morris International earned the no. 1 spot in the fast moving consumer goods category—the only FMCG to make it to the top 10—and fourth overall, reflecting our excellent risk management, operational strength, governance and organizational preparedness. 

Forbes evaluated companies using data from Sustainalytics and Morningstar, assessing governance, risk management, strategy, decarbonization metrics across Scopes 1, 2, and 3, and financial resilience.

“Our approach combines mitigation with adaptation, building resilience across manufacturing footprint and agricultural supply chains,” said Scott Coutts, PMI’s Chief Global Operations Officer. 

“It is about protecting the business we operate today while preparing it for the climate related risks, impacts, and opportunities ahead. For PMI, climate action is fundamental to operational excellence, continuity, and long-term competitiveness.”

Turning ambition into action

Over the past year, we have continued to strengthen the foundations of our climate strategy and integrate it more deeply into how the business creates long-term value. 

Key milestones include:

• Launching our inaugural comprehensive Value Plan 2030+, defining the next phase of PMI’s long term value creation
• Publishing an updated Climate Transition Plan, setting out the actions, governance, timelines, and targets to achieve net zero GHG emissions across the value chain by 2040
• Continued progress toward our science based decarbonization targets, validated by the Science Based Targets initiative (SBTi)

To learn more about sustainability at PMI, including the 2025 Value Report and Climate Transition Plan, or visit our Sustainability section.

¹ From Forbes © 2026 Forbes Media LLC. All rights reserved. Used under license.