MAKES CDP ‘A LIST’ FOR CLIMATE PERFORMANCE AND SCORES 100% FOR CARBON DISCLOSURE IN THE S&P 500
(BUSINESS WIRE)-- Philip Morris International Inc. (“PMI”) (NYSE / Euronext Paris: PM) is recognized as a leading global business taking proactive steps to address climate change and reduce its carbon footprint. The company is named today as the only consumer staples company in the S&P 500 on both the CDP Climate “A” List for top performers and the Climate Disclosure Leadership Index (CDLI) for quality and transparency of reporting. The 100% score for carbon disclosure is the highest ever recognition PMI has received in the annual CDP ratings.
CDP, formerly known as the “Carbon Disclosure Project” is the leading international not-for-profit organization assessing the work of thousands of companies worldwide in the area of climate change. PMI is recognized on the CDP Climate “A” List in their Global Climate Performance Leader Report, released on November 4, for top performance in measuring, verifying, managing and reducing our carbon footprint. The company also earned its leading place on the CDLI by disclosing high quality carbon emissions and energy data for 2014 through CDP’s climate change program. The CDP assessment is compiled at the request of 822 investors who represent US$95 trillion in assets -more than a third of the world’s invested capital.
“We are delighted to make the CDP Climate Disclosure Leadership Index for the S&P 500 and to be recognized as a top performer on CDP’s Climate “A” list. This demonstrates the hard work and commitment across PMI, setting tough targets and doing what it takes to achieve and exceed them. As we prepare to join government leaders in Paris later this month at COP21, the UN Climate Change conference, the CDP results demonstrate that businesses like PMI are playing their part to mitigate and adapt to climate change,” said Andrew Harrop, Head of Environmental Sustainability at PMI.
Speaking following the announcement of the CDP S&P Leadership Index results, Paul Dickinson, executive chairman and co-founder of CDP said: “As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”
CDP is the leading international not-for-profit organization 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 credible global benchmarking system for environmental performance.
The CDP Climate “A” Listers include 113 companies, which represent the top 5% of those who participated in this year’s survey.
CDP performance scores provide a tool for institutional investors and stakeholder to assess corporate efforts to mitigate climate change as well as corporate preparedness for changing market demands and emissions regulations. Scores are communicated to investors and decision-makers via various channels, including Bloomberg terminals.
CDP’s annual global climate change report, and the scores of all companies taking part in climate change program this year, is available on CDP’s website.
For more information:
PMI’s CDP results for 2014, please click here.
Overview of PMI’s sustainability efforts is available here.
CDP and the ‘Road to Paris 2015’ commitments agreed with their strategic partner, We Mean Business Coalition are here.
PMI’s commitment to science-based targets to limit climate change as part of the ‘We Mean Business Coalition’: http://www.wemeanbusinesscoalition.org/
Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading international tobacco company, with six of the world's top 15 international brands, including Marlboro, the number one cigarette brand worldwide. PMI's products are sold in more than 180 markets. In 2014, the company held an estimated 15.5% share of the total international cigarette market outside of the U.S., or 28.5% excluding the People's Republic of China and the U.S. For more information, see www.pmi.com.
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