PMI a leader in carbon performance

A new Global Leaders Report issued yesterday by the leading environmental non-governmental organization, CDP (formerly the Carbon Disclosure Project), awarded Philip Morris International a Band A rating, a Leadership Status for Carbon Performance and a 96 percent score for Carbon Disclosure based on the company’s activities to mitigate climate change in its supply chain during 2013, PMI reported in a note posted on its website.

This was said to be the best CDP ratings score for PMI, which was the only tobacco company to make the ‘A list’.

“Environmental sustainability is central to our business strategy,” said CEO, André Calantzopoulos. “We have established ambitious emission reduction targets and work closely with every participant in our value chain to deliver against these targets. Our excellent results in this year’s CDP Leaders Report are an important and welcome recognition of our efforts.”

PMI said that it was one of only three consumer staples companies to achieve ‘Performance Leadership Status’ in the 2014 CDP S&P 500 report. ‘For the first time, this year’s report also correlates a corporation’s environmental rating with their economic performance, using Return on Equity (ROE) as a key metric,’ said the press note. ‘PMI scores at the top of the premier quartile of S&P 500 companies in this ranking…

‘PMI today also announced its decision to support the CDP ‘Road to Paris 2015’ initiative to receive business community endorsement of long-term carbon emission reduction targets that are scientifically sound and consistent with limiting global warming.’