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Philip Morris International: Greenhouse Gas Emissions in 2021

Industry: Tobacco and Tobacco Products
Current: ESG

PMI's total GHG emissions decreased by 10% on an annual basis in 2021
Scope 1 emissions accounted for almost 82% of PMI’s total GHG emissions in 2021
By 2025, PMI aims to reduce its GHG footprint from its tobacco supply chain by 35%

Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and the Companies from the FMCG, retail, packaging, and food service sectors account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from Fossil Fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.

Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.

Philip Morris International Inc (PMI) is a manufacturer and distributor of cigarettes, tobacco-related products, and other nicotine-containing products. The company markets several premium, mid-price, and low-price brands, including Marlboro, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, Merit, and Parliament.

Total GHG emissions of PMI in 2021 were 377 thousand tonnes CO2 equivalents (Thousand tCO2eq), a decrease of 10% from 2020. The tobacco company aims to reduce its absolute GHG emissions by 35% in its tobacco supply chain by 2025.

GHG emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 includes direct GHG emissions from energy generated from fossil fuels and refrigerants. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 involves emissions in the supply chain.

Scope 1 emissions form the central portion of PMI’s total GHG emissions, accounting for around 309 thousand tCO2eq (82%) of total GHG emissions in 2021. PMI’s Scope 2 emissions decreased by about 29% to 64 thousand tCO2eq, and Scope 3 emissions decreased by about 1% to 3.7 thousand tCO2eq in 2021.

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