Philip Morris International

Tobacco
PM
$ 90 (1.8)%
Share price
$ 140 bn
Market Cap
$ 167 bn
Enterprise Value

Carbon footprint

2.2 Ton
GHG emissions per $ 1 mln investment
0.06x the weighted average for S&P 500
FY2021
How is this calculated?
-9.7%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2.8%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Philip Morris International aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019


1.5°C
Philip Morris International's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2021
How is this calculated?

Philip Morris International aims to achieve carbon neutrality for all Scopes by 2050


This target has not been verified as science based according to SBTi
Philip Morris International's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Philip Morris International's GHG emissions (location-based) (Kt of CO2e)
Philip Morris International's Carbon intensity (Tons per 1 USDm)

Philip Morris International's carbon footprint

Philip Morris International reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 373 Kt (-40 /-9.7% y-o-y). Also positively, carbon intensity declined to 14 t (-4.3 /-23% y-o-y).

Philip Morris International's Scope 3 emissions decreased to 5.7 Kt (-1 /-14.8% y-o-y). This is a higher rate of decline than over the period since 4Q'18 (-11.1% CAGR).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -11 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -14 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -0.24 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Philip Morris International aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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