Philip Morris International Sustainability Report Outlines Fundamental Transformation to Shift Its Business to Smoke-Free Products
Philip Morris International Inc. (“PMI”) (NYSE / Euronext Paris: PM) today published its sustainability report, outlining the fundamental transformation of the company to shift its business to smoke-free products. PMI’s efforts are squarely focused on replacing cigarettes with smoke-free products, offering the millions of men and women who continue to smoke a better alternative. This second United Nations Global Compact Communication on Progress includes expectations for investment, resource allocation and progress towards a smoke-free future.
- Since 2008, PMI has invested more than USD 3 billion in fundamental research, product and commercial development, production capacity, scientific substantiation and studies on adult smoker understanding of smoke free products.
- In 2017, PMI expects over 70% of its global R&D expenditure and over 30% of its global commercial expenditure to be allocated to smoke-free products.
- PMI has announced planned investments of more than USD 1.7 billion to build or convert its factories for the production of smoke-free products.
- More than 3 million adult smokers have already switched to IQOS, the first of PMI’s smoke-free products. By 2025, the company expects that at least 40 million consumers who would have otherwise continued smoking, will have switched to its smoke-free alternatives.
- The company indicates, as an aspirational goal, that by 2025 at least 30% of its volume will come from smoke-free products, assuming constant PMI market share.
The report also provides a comprehensive overview of PMI’s sustainability fundamentals, including:
- Its Agricultural Labor Practices program, which continues to raise the bar on improving labor conditions in agriculture, within and beyond tobacco;
- The adoption of science-based targets for greenhouse gas emissions, achieving a 23% reduction in 2016 compared to 2010, and targeting a 40% reduction by 2030 across the company’s entire value chain. For a third year in a row, PMI received recognition on CDP’s Climate A-List;
- Its external engagement principles, as well as marketing principles for combustible products and Good Conversion Practices for smoke-free products;
- Programs to fight illicit tobacco trade, including PMI IMPACT, a global funding initiative to support organizations in developing and implementing projects dedicated to fighting illegal trade and related crimes. PMI recently announced 32 projects selected for funding with approximately USD 28 million in the initiative’s first round; and
- PMI’s status as a Top Employer, including equal-salary certification, women in management, and health and well-being programs.
Philip Morris International Inc.
Philip Morris International Inc. (PMI) is a leading international tobacco company, with six of the world's top 15 international brands and products sold in more than 180 markets. In addition to the manufacture and sale of cigarettes, including Marlboro, the number one global cigarette brand, and other tobacco products, PMI is engaged in the development and commercialization of reduced-risk products (RRPs). RRPs is the term PMI uses to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continued smoking. Through multidisciplinary capabilities in product development, state-of-the-art facilities, and industry-leading scientific substantiation, PMI aims to provide an RRP portfolio that meets a broad spectrum of adult smoker preferences and rigorous regulatory requirements. For more information, see www.pmi.com and www.pmiscience.com.
Philip Morris International
T: +41 (0)58 242 4500
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme tältä julkaisijalta, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
düber Technologies Inc. Secures Funding for 15 Distribution Centers with $50 Million Agreement with Vacone Real Estate26.9.2017 23:59 | Tiedote
düber Technologies Inc., a software-as-a-service (SaaS) provider serving the cannabis industry, today announced it has signed a $50 million funding agreement with Vacone Real Estate for the acquisition, fit out and master lease for 15 cannabis distribution centers in Washington, Oregon, California, Nevada and Arizona. The deal will allow düber to expand operations to include 400,000 square feet of distribution space that will form the basis of the düber unified distribution technology platform. “At düber, we see an unmet market opportunity for cannabis producers, processors and retailers in key parts of the country,” said Glenn Ballman, founder of düber. “This expansion will allow us to serve our distribution and courier partners while continuing to expand our integrated, omnichannel, real-time platform to partners and consumers in key markets in the cannabis industry
Piraeus Bank Comments on Bank of Greece Audit26.9.2017 19:20 | Tiedote
In response to a query by the Hellenic Capital Markets Committee, Piraeus Bank notifies the investment community that, on 19 September 2017 and following our prior announcement regarding the same matter, we received a draft report for an audit conducted by the Bank of Greece in the course of an Annual Audit Plan. The audit commenced in February 2017, was concluded in July 2017, and focused on a review of the Bank’s procedures for the implementation of the regulatory framework, as well as risk management procedures and special credit issues. Piraeus Bank cooperated fully and constructively with the Bank of Greece during the audit process. Piraeus Bank will respond to the Bank of Greece within a specific timeline and the final report from the Bank of Greece is expected to follow. Piraeus Bank considers that the historic issues covered by the Bank o
Oxera Releases New Analysis on Europe’s Aviation Market, Revealing Increased Competition between Airports26.9.2017 19:13 | Tiedote
Oxera Consulting LLP has revisited the subject of airport competition in Europe, conducting research and analysis on the implications of recent market trends on the dynamics between airports and airlines in Europe. Oxera found that the European aviation market grew by 25% between 2010 and 2016, with key trends including the continuing rapid expansion of LCCs (low-cost carriers) and non-traditional hubs in the Middle East and Istanbul. These developments have contributed to an intensification of the rivalry between airports, across all channels through which they compete. With many of these trends now being long established, the competitive pressures on airports, of all sizes, across Europe are highly likely to endure and continue to develop, implying that regulators and government stakeholders will need to address this ‘new normal’. Andrew Meaney, Partner and H
RHÖN-KLINIKUM AG Diligently Presses Ahead with Digitalization26.9.2017 18:29 | Tiedote
RHÖN-KLINIKUM AG is forging ahead with the implementation of its digitalization strategy and is launching a new collaboration with Austrian enterprise search and big data provider Mindbreeze, a subsidiary of the publicly listed Fabasoft AG. The clinic group will use Mindbreeze’s AI-based (artificial intelligence) search engine technology. With this application ─ in the form of a medical cockpit ─ that has been further developed in close cooperation with RHÖN-KLINIKUM AG, the entire medical staff can orient themselves more quickly and their workload is immediately alleviated. “This new approach to medical information will help us to structure the increasing amount of data and then make the information analyzable and evaluable. This is another aspect in which digitalization presents a tangible, concrete benefit,” says Stephan Holzinger, CEO of the group. The medical cockpit is initially being
Before the winter season, Mytyres.co.uk presents: Europe’s most popular summer tyres in 201726.9.2017 18:14 | Tiedote
In 2017, Europe’s most popular summer tyres were the Continental PremiumContact 6, the Uniroyal Rainsport 3, and the Dunlop SportMaxx RT2. This is the result of a survey conducted by Mytyres.co.uk, the end-user online shop for tyres, car spare parts and accessories from Europe's largest Internet tyre wholesaler Delticom. The survey was conducted throughout July and August in twelve European countries. Nearly 2,600 visitors to the online store cast their votes before the end of the summer tyre season. They were able to choose from five models by leading brands. “Interestingly, the results show that throughout Europe, high-quality premium brand models are the most popular”, comments Thierry Delesalle from Mytyres.co.uk. “These brands rightly enjoy a good reputation, but these days attractive alternatives are also available in the low-cost quality tyre segment. This also applies to
Quadient Launches Alliances and ISV/Technology Partner Tracks of Partner Advantage Program26.9.2017 17:30 | Tiedote
www.quadient.com : Quadient, formerly GMC Software, the award-winning leader in Customer Communications Management (CCM), announced today the launch of the Alliances Partner and ISV/Technology Partner tracks of its Partner Advantage Program intended to engage, empower and enable all types of Quadient partners. The two tracks complete the four-track program, which began with the announcement in April 2017 of the Delivery Partner track, designed to provide seamless implementation services for Quadient’s customer base. It was followed by the launch of the Business Partner track in May 2017, which offers technology service providers access to new revenue opportunities. Companies approved to become certified Alliances Partners are system integrators/consultants that deliver services, implement and support the Quadient solutions they recommend to their customers. ISV/Technolo
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme