Philip Morris International (PMI) publishes the new edition ofIntegrated Reportthe report that provides a comprehensive picture of the progress made in achieving the goals of business and sustainability, providing stakeholders with an update on the company’s transformation towards a smoke-free future. The report also includes one Statement of Purpose updatedwhich reaffirms the company’s mission towards a smoke-free future by highlighting the need for greater collaboration with governments and civil society to maximize the possibility of achieving this result with the elimination of products based on combustion.
New parameters expected to measure environmental, social and governance (ESG) progress and the introduction of the Sustainability Index as a parameter for assessing corporate performance that connects 30% of the remuneration directly to sustainability objectives. “Sustainability and corporate performance are strongly connected and mutually reinforce each other. Our actions, based on data, science and facts, speak louder than words. PMI is committed to being an agent of change and to developing and producing effective technological alternatives to smoking for adult smokers who do not quit. With a long-term vision, we are also expanding our business into sectors beyond tobacco and nicotine, such as consumer health and well-being “, he has declared Jacek OlczakChief Executive Officer di PMI.
A new approach to sustainability through which the Company has redefined the framework of ESG objectives according to two distinct impact areas: one relating to products and the other relating to production and commercial activities. Through concrete objectives and KPIs, PMI transparently defines the success of its transformation and evaluates its progress, making its path measurable and verifiable.
The main findings of the report:
Impact of products
- 15.3 million people have completely switched to PMI’s smokeless products and quit cigarettes as of December 31, 2021; there were 13 million in 2020.
- 29.1% of net revenues came from smoke-free products, which were available for sale in 71 markets around the world at the end of the year; up from 23.8% and the 64 in which they were available in 2020;
- 99% of investments in Research and Development destined for products without combustion.
Operational impact
- 39.7% of managerial positions occupied by women, in line with the 40% target set for 2022;
- 67% of contract growers who supply tobacco to SMEs earn income from work, up from 48% in 2020;
- Reduction of 18% of the total CO2e emissions of the value chain and of 33% compared to the 2019 base value of emissions from direct operations;
- 100% of the tobacco purchased without any risk of deforestation of primary and protected forests.
The role of Italy
The report reaffirms the centrality of Italy from the point of view of sustainability: by the responsible use of water resources, also testified by the obtaining of the certification Alliance for Water Stewardship (AWS), to the digilitalization and innovation of the agricultural supply chain, through a series of actions such as the introduction of sensors for the optimization of irrigation (drip irrigation, liquid fertilizers) and the use of advanced digital technologies. Environmental sustainability, but also social. One example among many is the Equal Salary certification, which Philip Morris International has obtained globally, an important recognition that testifies to the commitment to ensure that men and women have the same pay for equal work, as well as similar opportunities and working conditions. .
The constant commitment to protect the entire company population
During 2021, PMI’s priority, with the persistence of the health emergency, remained that of protecting the health, safety and well-being of employees. As was the case with the Ukraine emergency, in respect of which the company took action, as well as with aid, contributing to the evacuation of over 1,000 people from Ukraine and the transfer of more than 2,700 people.
