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May 24, 2019
Philip Morris International Recognized for Environmental Leadership on CDP’s A List for Climate and Water
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CDP, formerly known as the
Commenting on the results, André Calantzopoulos, PMI Chief Executive Officer said:
“Climate change and clean water shortage are among the biggest challenges facing humanity today. I am proud that PMI is one of only 25 companies that achieved double “A List” status for both climate and water in CDP’s rankings, and moving forward, even more global action is needed and must be encouraged to collectively address these environmental priorities.”
PMI has made a number of environmental improvements and introduced new initiatives in 2016. Highlights include:
- An absolute carbon emissions reduction of more than 4% compared to 2015 resulting in a saving of approximately 250,000 tons of CO2 per year versus 2010 thanks to environmental improvements in our operations;
- The adoption of science-based targets to achieve a 40% reduction of our carbon footprint across our entire value chain by 2030 and a 60% reduction by 2040;
- The introduction of an internal price on carbon to help us rank and prioritize our carbon-reduction projects to meet our ambitious targets, such as plans to have 80% of the electricity used in our factories coming from renewable sources by 2030; and
- A company-wide water footprint analysis, risk assessment, and set of initiatives throughout our entire value chain enabling us to make step changes in water stewardship.
The A-List and full company scores are available on CDP’s website at https://www.cdp.net/en/scores-2017.
For more information, log onto www.pmi.com/sustainability and read our Sustainability Report.
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Philip Morris International
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