Distinction represents continued progress in PMI’s transformation for good and follows inclusion on Forbes’ Net Zero Leaders list as one of the companies best positioned to transition to a low-carbon economy
(BUSINESS WIRE) -- Philip Morris International Inc. (PMI) (NYSE: PM) announced today that the Science Based Targets initiative (SBTi) has verified its Forest, Land, and Agriculture (FLAG) emissions reductions targets. PMI is one of very few companies so far to achieve this recognition.
Land use and agricultural sectors offer vast opportunities for GHG removals, including agroforestry, soil carbon sequestration, and forest restoration, for example. Adopting a science-based target for Forest, Land, and Agriculture will support PMI to further accelerate its efforts to reduce greenhouse gas (GHGs) emissions arising from land use.
According to the Science Based Targets initiative, “SBTi’s FLAG guidance provid
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