There’s very little that we do that is not subject to mandatory or voluntary disclosure. On this website you will be able to find all of our filings with the Securities and Exchange Commission, our lobbying reports in the EU and the U.S., political contributions outside the United States, and our charitable and other contributions.
With a billion smokers around the world and millions of people working in the tobacco supply chain – from farms to retail shops – there are many interested parties and many views on the role of tobacco in society. We work hard to listen and to formulate thoughtful positions on topics that are often controversial. Needless to say, we want to participate in discussions and share our perspectives with policy makers. We are particularly active with respect to policies regarding less harmful alternatives to cigarettes, trade and fiscal matters, and intellectual property.
We also share progress on our sustainability practices, as in our 2015 Communication on Progress to the United Nations Global Compact. By pursuing a dialogue with our external stakeholders, we aim to ensure our programs and priorities are aligned with societal expectations.
We have a Code of Conduct which we call our Guidebook for Success. All of our 80,000 employees receive it and must respect its principles.
We comply with rules for, and support the registration of, lobbying activities with political institutions in the United States. We also participate in the voluntary register for lobbyists with the EU Commission.
The Guidebook for Success chapter on Anti-Bribery & Corruption makes absolutely clear that we must scrupulously honor anti-bribery and lobbying regulations worldwide.
In the United States, we do not make political contributions or maintain a political action committee (PAC). In addition, we prohibit the organizations we support from using payments from PMI to contribute to any entity or campaign that advocates the support or defeat of any political candidate for U.S. federal, state, or local office.
In the few countries where we make political contributions, we disclose both the amounts and the recipients. These contributions are governed our company policy which describes how lobbying expenditures are reviewed, approved, and reported. All political contributions must be authorized in advance, and reviewed by both management and the law department.
The contributions procedure is audited by our Internal Controls and Corporate Audit Departments. The Board of Directors Nominating and Corporate Governance Committee periodically reviews and approves all political contributions.
We belong to many carefully selected business and trade associations around the world. We work with these groups because they represent our industry and the larger business community in policy discussions on issues where we have a common interest or objective. To learn more about our support for these organizations, please see here.
The United States Securities and Exchange Commission (SEC) requires a company to disclose if our products contain certain minerals (gold, tin, tungsten, and tantalum) that:
These minerals are known as conflict minerals. PMI’s internal policy and due diligence process on the use of conflict minerals states that we will not knowingly procure conflict minerals that originate from the DRC or an adjoining country
– and ask our direct suppliers to undertake reasonable due diligence with their supply chains to assure the same – unless those minerals are certified as ‘conflict free’.
For more information on this topic, we invite you to read our most recent Conflict Minerals Report.
We promote educational opportunities for the underprivileged with a focus on tobacco farmers and their families.