Consolidated list of sustainability forward-looking aspirations
Our aspirations at a glance
The sustainability aspirations on this page are explained in the relevant sections of our Integrated Report 2023 and in additional communications available on our website. Please also refer to the Glossary on pages 208-212.
Aspirations, targets and goals do not constitute financial projections, and achievement of future results is subject to risks, uncertainties and inaccurate assumptions, as outlined in our forward-looking and cautionary statements available on page 214 of our Integrated Report 2023.
Product impact
1 For definition of available for sale, see Glossary on pages 208-212 of PMI Integrated Report 2023.
2 Excluding PMI Duty Free. World Bank report issued in 2023 is used on a comparative basis for income level classification. For definition
of low- and middle-income markets, see pages 208-211 of PMI Integrated Report 2023.
1 For definition of net revenues related to smoke-free products, see pages 208-211 of PMI Integrated Report 2023.
Notes: Aspirations referring to smoke-free electronic devices exclude disposable products and non-PMI-designed devices.
1 The effective recycling rate is calculated based on the proportion of device sales volume covered by the CIRCLE program multiplied by the actual recycling rate of devices recycled within the scope of the CIRCLE program (weighted average) excluding energy recovery. Excludes disposable products and non-PMI designed devices.
2 Excludes disposable products and non-PMI-designed devices. We recalibrated our 2025 aspiration to 90 percent during 2023 to account for regulatory and market developments. Collected devices are considered covered by the CIRCLE program if they are either processed at our centralized CIRCLE hubs or by validated local recycling partners.
Operational impact
1 We measured perception of psychological well-being on a five-point scale from very bad to very good through our ongoing company-wide employee survey.
2 For the purpose of measuring progress against this indicator, PMI uses the nationality data of employees recorded in our HR systems. The determination of Asian nationalities is based on the regional groupings as listed by the United Nations,
and we consider the following regions: Central and Southern Asia, Eastern and South-Eastern Asia.
1 Scope is limited to farmers who provide accommodation to workers (approximately 4 percent of the total farmer base in 2023).
*Scope covers Swedish Match operations.
1 Aspiration pertains to priority manufacturing facilities identified based on site overall risk in relation to the watershed, water withdrawal, water consumption, product portfolio, and other strategic considerations. PMI sites that are in
low- to medium water risk areas and below 2.5% of PMI manufacturing water footprint are excluded.
2 Virtually zero waste to landfill is achieved when the landfill diversion rate is equivalent to 99 percent or greater. This aspiration
covers our manufacturing site and PMI owned tobacco stemmeries.
Fundamentals
1 Our assessments prioritize countries which are assessed as highest risks from a human rights standpoint. They are determined based on key parameters such as PMI’s footprint and the country’s human rights risk profile, as determined by internationally recognized organizations. For further details please see PMI’s Sustainability KPI Protocol.
This online content about our Integrated Report should be read in conjunction with PMI’s Integrated Report 2023. This report includes metrics that are subject to measurement uncertainties due to inherent limitations in the nature and methods for data collection and measurement. The precision of different collection and measurement techniques may also vary. This report includes data or information obtained from external sources or third parties. Unless otherwise indicated, the data contained herein cover our operations worldwide for the full calendar year 2023 or reflect the status as of December 31, 2023. Where not specified, data comes from PMI financials, nonfinancials, or estimates. Unless explicitly stated, the data, information, and aspirations referenced in online content do not incorporate PMI’s wellness and healthcare business, Vectura Fertin Pharma. Regarding the Swedish Match acquisition, completed late 2022, unless otherwise indicated, online content does not include information pertaining to their sustainability performance. Please also refer to "This report at a glance" on page 2 of the PMI's Integrated Report 2023 for more information. Aspirational targets and goals do not constitute financial projections, and achievement of future results is subject to risks, uncertainties and inaccurate assumptions, as outlined in our forward-looking and cautionary statements on page 211. In PMI's Integrated Report 2023 and in related communications, the terms “materiality,” “material,” and similar terms are defined in the referenced sustainability standards and are not meant to correspond to the concept of materiality under the U.S. securities laws and/or disclosures required by the U.S. Securities and Exchange Commission.
