A new Global Leaders Report issued today by the leading environmental non-governmental organization, CDP, awarded Philip Morris International Inc. a Band A rating, a Leadership Status for Carbon Performance and a 96% score for Carbon Disclosurebased on the company’s activities to mitigate climate change in its supply chain in 2013. This is PMI’s best score ever in the CDP ratings, and we are the only tobacco company to make the ‘A list’.fut coins
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“Environmental sustainability is central to our business strategy. 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,” said Chief Executive Officer, André Calantzopoulos.
PMI is 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. PMI scores at the top of the premier quartile of S&P 500 companies in this ranking (see visual, source: CDP S&P 500 report, 2014.)
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.
CDP (formerly, ‘the Carbon Disclosure Project’) is the leading international NGO assessing the work of thousands of companies worldwide in the area of climate change. CDP assesses corporations’ efforts in this area and provides them with a highly credible, global benchmarking system for environmental performance.
The Carbon Disclosure score measures the completeness and quality of the information we’ve provided on climate change whilst the Carbon Performance measures the level of action we’re taking – the strength of our governance, strategies and targets, and importantly, the magnitude of improvement and reduction of our impact on climate change.
CDP performance scores provide a tool for institutional investors and stakeholders to assess corporate efforts to mitigate climate change as well as corporate preparedness for changing market demands and emissions regulation. Scores are communicated to investors and decision-makers via various channels, including Bloomberg terminals.
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