Philip Morris International Receives Fourth Consecutive CDP ‘Triple-A' Rating for Environmental Efforts

Philip Morris International Inc. (PMI) has achieved a notable distinction for its environmental efforts, securing a "triple-A" rating from the global environmental non-profit CDP for the fourth consecutive year. This prestigious rating underscores PMI's commitment to environmental transparency and action, distinguishing it among the global leaders in this critical area. The company's consistent performance is evident in its decade-long presence on CDP's Climate A List, which acknowledges PMI's strides towards its ambitious environmental targets.

PMI's environmental strategy encompasses comprehensive goals across climate change, forest conservation, and water security. The company has set forth science-based targets, aiming for carbon neutrality for its scope 1 and 2 emissions by 2025 and net zero emissions for scope 1, 2, and 3 by 2040. PMI's dedication to combating deforestation has been recognized with its placement on CDP's Forests A List for four consecutive years, marking a commitment to achieving zero net deforestation in managed forests by 2030. Additionally, PMI's water stewardship efforts have earned it a spot on the Water A List for the fifth year, as it works towards optimizing water use in its tobacco growing areas.

Corporate Commitment to Sustainability

PMI's leadership expressed their gratitude towards CDP for the recognition, highlighting the importance of external validation in driving their sustainability journey forward. Scott Coutts, Senior Vice President of Operations at PMI, emphasized the role of transparent reporting in identifying new opportunities for environmental action and adapting to regulatory changes. Furthermore, PMI is also focusing on nature-related financial disclosures, planning to release its first report aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations for the financial year 2025. This initiative places PMI among the first cohort of organizations committing to the TNFD framework, demonstrating a proactive approach to addressing climate change and preserving biodiversity.

Jennifer Motles, Chief Sustainability Officer at PMI, highlighted the interconnectedness of the company's decarbonization strategy with the broader goal of ecosystem preservation. PMI's early adoption of the TNFD framework and its ongoing efforts to integrate climate-related risks and opportunities into its business model signify a holistic approach to sustainability. By aligning with both the TNFD and the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations, PMI is setting a precedent in corporate environmental responsibility.

This recognition by CDP not only affirms PMI's leadership in environmental transparency and action but also reflects the company's unwavering commitment to sustainability. As PMI continues to advance in its environmental goals, its efforts serve as an exemplar for other corporations aiming to make a positive impact on the planet.