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CLAIM #50015 · PM (PM) · 2023Q3 earnings call · Oct 19, 2023 · due Dec 31, 2030

We pledge to reduce this absolute Scope 3 emission by 33% by 2030, which is significant given that Scope 3 remain the most challenging aspect of any company decarbonization strategy.

Emmanuel Babeau · CFO

PENDING
graded after results covering Dec 31, 2030 are reported

How to check this claim

Look at: Absolute Scope 3 greenhouse gas emissions (forest, land and agriculture, FLAG), company-reported

It came true if: 2030 absolute Scope 3 FLAG emissions <= 67% of the disclosed baseline year level (i.e., reduction >= 33%)

Where: Company sustainability report / ESG disclosures (e.g., Integrated Report or CDP submission)

In context

es remain a key mid to long-term focus, notably for ZYN as the world's leading brand. During the third-quarter, we relaunched ZYN in Switzerland and following positive regulatory developments rolled out ZYN in Finland. Moving now to sustainability. Addressing the product health impact of combustible product by switching adult smoker to smoke-free product, which are designed and marketed for adult-use remains our most critical priority. This transformation is at the core of our strategy as we become a more sustainable business with accelerated growth and returns over time. With regard to tackling climate change, I am delighted to report that the Science Based Target initiative validated our forest land and agriculture emission reduction target, a recognition achieved by very few companies. We pledge to reduce this absolute Scope 3 emission by 33% by 2030, which is significant given that Scope 3 remain the most challenging aspect of any company decarbonization strategy. In September, almost 20,000 employees in over 60 countries participated in World Cleanup Day, showcasing our commitment to raising awareness around littering as part of our wider strategy to reduce post-consumer waste. We have long expressed our support for more rigor in sustainability related reporting and welcome recent moves towards greater consistency in standard under strong governance framework. As part of our ongoing work, we provided responses to consultation request from the International Sustainability Standard Board to have shared the development of their work plan, an update to the [SASB] standards. PMI continues to be recognized by [indiscernible] such as the World Business Council for Sustainable Development as the leader in non-financial reporting. We have much more to shar

Verify independently

SEC filings for PM · Claim quote is verbatim from the 2023Q3 earnings call.