Philip Morris International

Philip Morris International reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 492 Kt (-175 /-26.2% y-o-y). Also positively, carbon intensity decreased to 17 t (-5.2 /-23.2% y-o-y).

Philip Morris International's Scope 3 emissions fell to 5.7 Kt (-0.84 /-12.7% y-o-y). The performance has been erratic recently.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Philip Morris International also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Philip Morris International commits to reach net-zero GHG emissions across the value chain by 2040. Near-Term Targets Energy/industrial Philip Morris International commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year*. Philip Morris International also commits to reduce absolute scope 3 GHG emissions 27.5% within the same timeframe*. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. FLAG Philip Morris International commits to reduce absolute scope 3 FLAG GHG emissions 33.3% by 2030 from a 2019 base year*. Philip Morris International also commits to no deforestation across its primary deforestation-linked commodities with a target date of FY2025. *The target includes FLAG emissions and removals. Long-Term Targets Energy/industrial Philip Morris International commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2040 from a 2019 base year. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. FLAG Philip Morris International commits to reduce absolute scope 3 FLAG GHG emissions 72% by 2040 from a 2019 base year*. *The target includes FLAG emissions and removals.