"Philip Morris International has set a net zero target of 2050, as included in their corporate policy. Net Zero Tracker They aim to achieve carbon neutrality for their direct operations (scope 1 and 2 emissions) by 2030, and for their entire value chain (scope 1, 2, and 3 emissions) by 2050. Net Zero Tracker An interesting fact about their environmental policy is that their targets for greenhouse gas emissions from company operations are consistent with reductions required to keep global warming to 1.5°C, making it a 1.5C Science Based Target. Net Zero Tracker In addition, you can check out the …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Philip Morris International belongs to the sector Consumer Staples.
Philip Morris International is a member of the Business Ambition for 1.5 campaign (link here )
Overall Net-Zero Target Philip Morris International commits to reach net-zero GHG emissions across the value chain by 2040. Near-Term Targets Energy/industrial Philip Morris International commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year*. Philip Morris International also commits to reduce absolute scope 3 GHG emissions 27.5% within the same timeframe*. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. FLAG Philip Morris International commits to reduce absolute scope 3 FLAG GHG emissions 33.3% by 2030 from a 2019 base year*. Philip Morris International also commits to no deforestation across its primary deforestation-linked commodities with a target date of FY2025. *The target includes FLAG emissions and removals. Long-Term Targets Energy/industrial Philip Morris International commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2040 from a 2019 base year. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. FLAG Philip Morris International commits to reduce absolute scope 3 FLAG GHG emissions 72% by 2040 from a 2019 base year*. *The target includes FLAG emissions and removals.
Last update for Philip Morris International by zerotracker.net: June 10, 2022
Planning to use external offset credits
Separate targets for emission reductions and removals
Conditions on use of offset credits
No conditions specified
Plans for carbon dioxide removal (CDR)
Yes (nature-based removals e.g. Forestation, soil carbon enhancement)
Additional notes: "high-quality carbon offset projects from
myclimate, using certification from Plan Vivo"
emissions through offsetting (e.g., acquisition
of green certificates) or in-setting initiatives
(e.g., agroforestry projects, and carbon
source PMI Integrated report https://www.pmi.com/sustainability/protecting-the-environment
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious