Connect with us

Announcement

Philip Morris International Tops Forbes’ 2024 Net Zero Leaders List

Published

WOB announcement PMI netzero

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Philip Morris International Inc. (PMI) (NYSE: PM) has ranked first in Forbes’ 2024 Net Zero Leaders ranking, which highlights the 100 U.S. public companies best positioned to reduce their greenhouse gas (GHG) emissions.

Forbes used data from firms Sustainalytics and Morningstar to rank companies’ commitment to a net zero future. It also considered each company’s management structure to aid in risk assessment, governance, strategy, metrics for achieving decarbonisation goals for scopes 1+2+3, as well as financial strength to withstand industry competition and economic turmoil.

PMI’s Chief Executive Officer Jacek Olczak stated, “As we transform our company toward a smoke-free future, we strive to do so in the most sustainable way possible, including by leading in decarbonisation. We are honored to be recognised by Forbes as the highest-ranked company among businesses at the forefront of working toward net zero.”

“Our approach to sustainability goes beyond minimising negative externalities and mitigating risks. Deeply connected to our transformation strategy, sustainability has always been intended to embody a profound opportunity for innovation, growth, and long-term value creation,” explained Jennifer Motles, Chief Sustainability Officer at PMI.

Naeem Shahab Khan, Managing Director of Philip Morris Malaysia said, “We are acutely aware that we can only achieve our purpose of delivering a sustainable smoke-free future by embedding and prioritising sustainability in every aspect of our business. Our sustainability initiatives in Malaysia are multifaceted and highlight our commitment to environmental and social responsibilities, including our climate strategy which addresses pertinent climate change-related risks, builds resilience, and seizes opportunities presented by a low-carbon future.”

“In Malaysia, we have embarked on several pivotal initiatives towards sustainability. For instance, we moved our headquarters to an award-winning, high-performing green building that optimises energy and water efficiency. Additionally, last year, we launched a Circular Programme aimed at providing consumers with easy and convenient solutions to collect and return their end-of-life devices. Through this initiative, we have diverted a substantial number of devices from becoming waste, contributing to a more sustainable future,” added Naeem.

Meanwhile, Scott Coutts, Senior Vice President, Operations, at PMI said, “We thank Forbes for its recognition of our efforts to tackle climate change as we remain steadfast in our commitment to accelerating progress toward a net zero future. Reducing our scope 3 emissions will continue to be a priority. Our efforts will remain focused on reducing GHG emissions from our value chain as we continue progressing toward our SBTi-validated target to reach net zero emissions for scopes 1+2+3 by 2040.”

This distinction complements growing external recognition of PMI’s sustainability performance and reporting, including:

  • Inclusion in CDP’s Supplier Engagement Leader Board for the seventh year (announced March 2024)
  • Achievement of CDP’s Triple A rating for the fourth consecutive year—placing PMI among the world’s leading companies in environmental transparency and action (announced February 2024)
  • Early Adopter of the Taskforce on Nature-related Financial Disclosures (TNFD) framework (as of January 2024)
  • Inclusion in the Dow Jones Sustainability World Index (DJSI) for the first time and the Dow Jones Sustainability North America Composite Index for the fourth consecutive year (index inclusion effective as of Dec. 18, 2023), in addition to being awarded “Prime” status in the ISS ESG Corporate Rating (ISS ESG Rating as of Nov. 21, 2023)
  • Validation from the Science Based Targets initiative (SBTi) on its Forest, Land, and Agriculture (FLAG) emissions reduction targets, making PMI one of very few companies to achieve this recognition (as of August 2023)

Please visit pmi.com/sustainability to learn more about sustainability at PMI and for access to additional sustainability resources, including PMI’s Integrated Report 2023, TCFD Report, Preserve Nature Report, Reduce Post-Consumer Waste Strategy Report, Sustainability Materiality Report, and Low-Carbon Transition Plan.

 

Also read: World Health Day 2024: Empowering Change Through Alternatives to Combat Smoking’s Grip

WOB announcement PMI healthday

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

collage 72 collage 72
News17 hours ago

“Extraordinary appreciation for Malaysians” – PMX Hints at Big, Surprising News by Tuesday

Earlier, Prime Minister Dato’ Seri Anwar Ibrahim hinted at good news for Malaysians, sparking curiosity and speculation. Tax exemptions? Financial...

2 006 1 2 006 1
News17 hours ago

Project Manager Burns RM1 Million in Cash After MACC Raids PJ Home

Recently, a project manager from a construction company attempted to burn nearly RM1 million in cash during a raid conducted...

collage 69 collage 69
News21 hours ago

PDRM Arrests 19yo Man in Cameron Highlands for Allegedly Burying Newborn He Fathered With Stepsister

A 19-year-old man was recently arrested by PDRM on suspicion of burying his newborn in Cameron Highlands, Pahang, a discovery...

collage 70 collage 70
News22 hours ago

Over 2,000 PDRM Officers on Standby for “Turun Anwar” Rally in KL, 15,000 Expected to Attend

It seems that more Malaysians are calling for the end of the Madani government, with Prime Minister Dato’ Seri Anwar...

bribeft bribeft
News1 day ago

MACC Seizes RM7.5 Million in Cash During KL House Raid, Linked to Corruption Case

The Malaysian Anti-Corruption Commission (MACC) has seized RM7.5 million in cash discovered at a house during a raid in the...

pm pm
News1 day ago

Fahmi Fadzil Says PM Anwar Will Not Take Action Against PKR MPs With Differing Views

Prime Minister Datuk Seri Anwar Ibrahim has no intention of taking action against several Members of Parliament from the People’s...

collage 68 collage 68
News2 days ago

“We proved we could lead during Covid-19” – Muhyiddin Says PN Should Return to Govt & Abolish Madani Policies

After Tun Dr Mahathir Mohamad, another former Prime Minister, Tan Sri Muhyiddin Yassin, also agreed that PMX should step down...

collage 67 collage 67
News2 days ago

“Anwar, step down!” – Tun M Says PMX Shouldn’t Wait for GE to Resign Because M’sians No Longer Like Him

Former Prime Minister, Tun Dr Mahathir Mohamad, suggested that Dato’ Seri Anwar Ibrahim resign from his position as Prime Minister...

Announcement

Latest Videos



TRENDING TODAY