Philip Morris International (PMI) has been included in the Dow Jones Sustainability World Index for the first time, the company said in a statement. The World Index is one of the benchmarks for measuring the sustainability performance of companies worldwide.
The World Index includes the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental, and social criteria.
“Investors and other financial stakeholders place increasing value on reliable, robust, and timely measures of sustainability performance,” said Emmanuel Babeau, Chief Financial Officer, PMI.
“ESG ratings are one part of the input dataset for many institutional investors," he said.
PMI scored 85 out of 100 in the 2023 S&P Global CSA reflecting an increase of 21 points since it first began engaging with the ranking in 2018.
This is the first year PMI has recorded the highest CSA score out of 13 companies assessed in the tobacco industry by S&P, the company said.
ISS ESG Corporate Rating further awarded PMI “Prime” status according to its rating methodology.
Prime status is awarded to companies with an ESG performance above a sector-specific threshold, meaning that they fulfil absolute performance requirements.
“We are the only company in our sector included in the Dow Jones Sustainability World Index, leading the tobacco industry in this rating for the first time," said Jennifer Motles, PMI’s Chief Sustainability Officer.
Philip Morris International (PMI) is an international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term to include products outside tobacco and nicotine sector.
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