Philip Morris International Achieves Science-Based Targets for Forest, Land, and Agriculture Emission Reductions, Demonstrating Commitment to Net-Zero by 2040
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International Inc. (PMI) has had its Forest, Land, and Agriculture (FLAG) emissions reductions targets verified by the Science Based Targets initiative (SBTi). PMI is one of the few companies to achieve this recognition. The company maintains its target to reach net-zero emissions for scopes 1, 2, and 3 by 2040, which was validated by SBTi in July 2022. PMI has pledged to reduce absolute scope 3 emissions related to FLAG by 33.3% by 2030 in line with SBTi best practice.
September 21, 2023 | 8:01 am
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PMI's commitment to reducing emissions and achieving net-zero by 2040, validated by SBTi, demonstrates its dedication to sustainability. This could enhance its reputation and appeal to environmentally conscious investors.
PMI's commitment to reducing emissions and achieving net-zero by 2040, validated by a reputable organization like SBTi, demonstrates its dedication to sustainability. This could enhance its reputation and appeal to environmentally conscious investors, potentially driving up demand for its stock in the short term.
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