Nature is one of the six strategic priorities in Philip Morris International’s Value Plan 2030+, which translates the company’s sustainability strategy into measurable targets for 2030 and beyond.
It underpins the resources, ecosystems, and services that businesses depend on every day. From water and healthy soils to forests and biodiversity, these natural systems support agricultural production and global supply chains.
Yet growing pressures on nature, including biodiversity loss, water stress, and land-use change, are creating new challenges for companies around the world.
To better understand and manage these challenges, we have published our first Taskforce on Nature-related Financial Disclosures (TNFD) Report, marking an important milestone in how Philip Morris International (PMI) is embedding nature-related considerations into the Value Plan 2030+ and our broader approach to transparency.
The report provides an assessment of our nature-related dependencies, impacts, risks, and opportunities (DIROs), while aligning with the TNFD framework, a global risk management and disclosure framework designed to help organizations integrate nature-related considerations into business decision-making and corporate reporting.
Embedding nature into business resilience
Nature is a material sustainability topic for PMI and therefore one of the six strategic priorities of our Value Plan 2030+.
Its prioritization in our sustainability agenda reflects both our impacts on natural systems and our dependencies on resources and ecosystem services across our value chain, which in turn can carry financial risks and opportunities.
This reinforces the role of healthy ecosystems in supporting long-term business resilience, including through reliable agricultural production, secure access to natural resources, and stable supply chains.
Assessing nature-related risks and opportunities through frameworks like the TNFD is not simply a defensive exercise in cataloguing what could go wrong. It is a forward-looking strategy for identifying where we can create value and where failing to act will erode it.
Scott Coutts
Chief Global Operations Officer
Where PMI depends most on nature
The report finds that PMI’s key dependencies on nature are concentrated in agriculture and forestry.
Tobacco cultivation and the sourcing of paper and pulp-based materials rely heavily on healthy ecosystems, including access to water, fertile soils, climate regulation, and biodiversity-driven ecosystem services such as pollination and natural pest control.
These resources play a critical role in maintaining productivity and supply chain stability over the long term.
Managing nature and climate together
The report also highlights the close connection between nature and climate.
Climate change and biodiversity loss are interconnected challenges that require integrated solutions.
Initiatives such as watershed protection, regenerative agriculture, forest stewardship, and sustainable land management can contribute simultaneously to climate mitigation, ecosystem restoration, and business resilience.
This connection also complements PMI’s Climate Transition Plan.
Establishing long-term nature-related targets
PMI has established a series of long-term nature-related targets, which complement our climate-focused goals.
These are intended to preserve and restore biodiversity, water, and forests across our operations and broader value chain, and safeguard the long-term resilience of ecosystems.
They include:
Understanding our relationship with nature is not peripheral to our business transformation—it is foundational to it. As a company that redefined its purpose and reimagined its value chain, we recognize that the natural systems upon which our operations depend deserve the same strategic rigor we apply to every other dimension of sustainable value creation.
Jennifer Motles
Chief Sustainability Officer
Stronger business through stronger ecosystems
Ultimately, the TNFD Report highlights how nature-related considerations are being incorporated into risk management, strategic planning, and PMI’s long-term value creation strategy.
By strengthening our understanding of biodiversity, water, forests, and ecosystem services, we aim to enhance business resilience, support more sustainable supply chains, respond to evolving stakeholder expectations, and create long-term value in a rapidly changing operating environment.
