Potential offtaker

Philip Morris International

www.pmi.com

Estimated electricity consumption

N/A

Countries of production presence

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Philip Morris International (PMI) is a leading tobacco company that operates in the cigarette sector. The company is headquartered in the United States of America and has a global presence in over 180 countries. PMI is committed to transforming the tobacco industry by offering better alternatives to cigarettes, and by reducing the environmental impact of its operations. The company has set ambitious goals to achieve decarbonisation, to increase the use of renewable energy, and to implement corporate energy and corporate power purchase agreements (PPAs).

Decarbonisation is a key priority for PMI. The company has set a target to achieve carbon neutrality by 2030, which means that it aims to reduce its carbon emissions to zero and offset any remaining emissions through the use of carbon credits or other means. PMI has already made significant progress towards this goal by reducing its carbon footprint by 30% since 2010. The company is also investing in renewable energy projects to reduce its reliance on fossil fuels and to achieve its decarbonisation goals.

Corporate energy and corporate PPAs are also important components of PMI's sustainability strategy. The company is committed to increasing its use of renewable energy and has set a target to source 100% of its electricity from renewable sources by 2025. To achieve this goal, PMI is implementing corporate PPAs, which involve purchasing renewable energy directly from energy providers. This allows the company to secure a long-term supply of renewable energy at a fixed price, which can help to reduce costs and mitigate risks associated with energy price volatility.

PMI is also investing in renewable energy projects, such as wind and solar farms, to increase its use of renewable energy. The company has already invested in several renewable energy projects in Europe, including a wind farm in Sweden and a solar farm in Italy. These projects not only help to reduce PMI's carbon footprint but also contribute to the development of renewable energy infrastructure in the regions where they are located.

In addition to its decarbonisation and renewable energy goals, PMI is also committed to reducing its environmental impact in other areas. The company has set targets to reduce water consumption, waste generation, and greenhouse gas emissions from its supply chain. PMI is also working to improve the sustainability of its products by offering better alternatives to cigarettes, such as heated tobacco products and e-cigarettes.

PMI's sustainability strategy is aligned with the United Nations Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). The company is also a member of several sustainability initiatives, including the RE100, which is a global initiative that brings together companies committed to sourcing 100% of their electricity from renewable sources.

In conclusion, PMI is a leading tobacco company that is committed to transforming the tobacco industry and reducing its environmental impact. The company has set ambitious goals to achieve decarbonisation, to increase the use of renewable energy, and to implement corporate energy and corporate PPAs. PMI's sustainability strategy is aligned with the United Nations SDGs, and the company is a member of several sustainability initiatives. PMI's efforts to reduce its environmental impact demonstrate its commitment to sustainability and its role as a responsible corporate citizen.

✓ Science Based Targets member
✓ Declared Net Zero commitment