Tag: CDP

  • PMI Credited for Sustainability

    PMI Credited for Sustainability

    Photo: PMI

    Philip Morris International (PMI) has become one of just 10 companies worldwide to receive CDP’s prestigious “triple-A” score for its efforts in combating climate change, protecting forests, and water security.

    It’s the first year PMI has achieved the top result in each of the three categories. CDP is an international non-profit organization that uses data to help decision-makers reduce risk, capitalize on opportunities, and drive action toward achieving the world’s sustainability goals.

    “We are proud and humbled to have obtained CDP’s top score for our sustainability efforts. Climate change is one of the most significant crises of our lifetime,” said Massimo Andolina, PMI’s senior vice president of operations, in a statement. “We strongly believe that PMI must play its part in protecting our planet by reducing our environmental impact across our value chain and by defining and executing strategies and initiatives to achieve our long-term targets.”

    This marks the seventh year that PMI has ranked on CDP’s A List for Climate Change. For the previous year, PMI also earned a position on the Water Security A List, and an A- for its forest disclosure.

    “We would like to thank our teams and our suppliers all over the world for building, day by day, a more resilient and sustainable value chain, and for this fantastic achievement,” said Laurence Ruffieux, PMI’s director of operations sustainability. “We are honored by CDP’s recognition of our efforts, inspiring us to continue to strengthen our strategies to achieve our targets of zero deforestation and carbon neutrality in our direct operations by 2030, and sustainable water stewardship.”

    CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, more than 515 investors with over $106 trillion in assets and 150-plus major purchasers with $4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform. Over 9,600 responded—the highest ever total.

    CDP also recognized Japan Tobacco and Imperial Brands for corporate sustainability.

  • Tobacco Firms Lauded for Sustainability

    Tobacco Firms Lauded for Sustainability

    Photo: Gerd Altmann from Pixabay

    CDP, a global environmental nonprofit, has recognized Japan Tobacco and Imperial Brands for their leadership in corporate sustainability.

    JT achieved a place on CDP’s prestigious A List for tackling climate change as well as acting to protect water security for the second consecutive year. In addition, in December 2020, the company endorsed the recommendations of the Task Force on Climate-related Financial Disclosures.

    “We are delighted to be included in the CDP’s Climate A List and Water A List for the second consecutive year. This clearly reflects our continued efforts to reduce our environmental footprint and our transparency in disclosing information,” said Kazuhito Yamashita, member of the board and senior vice president, chief sustainability officer, compliance and general affairs in a press note.

    Imperial Brands too secured a place on CDP’s prestigious “A List” for tackling climate change for the second successive year.

    The business has been recognized for its actions to cut emissions, mitigate climate risks and transition to a lower-carbon economy, based on the data reported through CDP’s 2020 climate change questionnaire.

    Stefan Bomhard

    “To retain our A rating is a tremendous achievement that highlights our commitment to reducing our carbon footprint,” said Imperial Brands Chief Executive Stefan Bomhard in a statement. “The data we provided for review by CDP was extensive and I’d like to thank everyone who was involved in pulling together such an impressive submission.”

    CDP’s annual environmental disclosure and scoring process is widely acknowledged as the gold standard of corporate environmental transparency. Japan Tobacco and Imperial Brands are among a small number of A List companies out of more than 5,800 that were scored.

    A detailed and independent methodology is used by CDP to assess companies based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

    “We extend our congratulations to all the companies on this year’s A List,” said Paul Simpson, CEO of CDP. “Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by Covid-19.”