Tackle climate change
Addressing greenhouse gas (GHG) emissions is not just an environmental imperative but a strategic business priority that directly impacts our long-term viability, regulatory compliance, and competitive positioning. Considering the Paris Agreement’s 1.5°C target in our efforts helps mitigate supply chain disruptions and capitalize on emerging market opportunities, and meet increasing stakeholder expectations.
TACKLE CLIMATE CHANGE
Achieve carbon neutrality in our operations and accelerate our decarbonization toward net zero across our value chain.
Key performance indicators to track our progress
Achieve carbon neutrality in our operations and accelerate our decarbonization toward net zero across our value chain
In 2024 , our CO2e scope 1+2 emissions decreased by 39 percent (2023: 40 percent) versus our 2019 baseline and our net CO2e scope 1+2+3 emissions decreased by 15 percent within the same time frame.
Learn more about PMI’s Sustainability Index in our Integrated Report 2024. See the full performance metrics and related footnotes here.
The right thing to do
The effects of climate change impact human rights, biodiversity, water access, global health, and food security, and intensifies environmental threats such as ecosystem degradation, drought, flooding, and desertification.
The business case
Climate change and its effects can threaten our business continuity and endanger our supply chain—especially our agricultural supply chain which is particularly sensitive to abrupt climate variations.
How PMI is working on a zero emissions office
My name is Frederic Voegele.
My current position is Manager Engineering Department,
here in Neuchâtel at PMP SA factory.
Every day I'm pleased to discover new things that are happening here at PMP SA.
Last year we were proud to receive the carbon-neutral factory label.
In order to run a facility like our facility, you mainly need electricity,
you need heat, and you need steam.
For the electricity, we are using green power.
It's a sustainable source of electricity.
Then, for the cold, we make use
of our beautiful location beside the lake so we are pumping the lake water
at 60-meter depth at 6 degrees to cool our entire facility.
The cool water that we use to cool down our installation is being heated.
So prior to ejecting it in the lake, we re-use the calories in that water.
We are able to heat our entire facility without burning natural gasses anymore.
The last source of energy where we need to burn natural gas is to generate steam.
This project is there
to use our organic waste, paper, wood, cigarettes, tobacco, to convert them into combustible gas
that will be used to generate steam, instead of using natural gas.
With those two projects, more or less nine million investment,
we'll be in a position not only to be certified carbon-neutral,
but to really have zero emission.
As a big company we have to pioneer and show the way for others to follow.
Looking ahead
This online content about our Integrated Report should be read in conjunction with PMI’s Integrated Report 2024. This report includes metrics that are subject to 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 2024 or reflect the status as of December 31, 2024. Where not specified, data comes from PMI financials, nonfinancials, or estimates.
Unless explicitly stated, the data, information, and aspirations in this report do not incorporate PMI’s wellness and healthcare business, Aspeya. Regarding the Swedish Match acquisition, completed late 2022, unless otherwise indicated, this report includes information pertaining to its sustainability performance. Please also refer to "This report at a glance" on page 2 of the PMI’s Integrated Report 2024 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 206. In PMI’s Integrated Report 2024 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.