As of 2024, Philip Morris International has disclosed 9 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 8 absolute reduction targets and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Philip Morris International ’s climate strategy, ambition level, and alignment with global decarbonization goals.
Target Type | Scope of Target | Unit | Target | Target Year |
---|---|---|---|---|
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2025 |
Absolute-based Target* | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2025 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2030 |
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2030 |
Absolute-based Target* | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2030 |
Absolute-based Target | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2040 |
Absolute-based Target* | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2040 |
Intensity-based Target* | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Tobacco Processed/Derived | Copy restricted. Please purchase to unlock this data. | 2025 |
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As of 2024, Philip Morris International has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.
As of 2024, Philip Morris International has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.
Philip Morris International's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 588,756 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.
As of 2024, Philip Morris International is ahead of schedule on its operational emissions reduction target, having achieved 78.68% of the planned reduction.
As of 2024, Philip Morris International has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.
Philip Morris International's most ambitious value chain target is to reduce these emissions by 72% by 2040, compared to a baseline of 1,560,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.
As of 2024, Philip Morris International is on track to meet its value chain emissions reduction target, having achieved 24.83% of the planned reduction.
As of 2024, Philip Morris International has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.
Philip Morris International's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 5,589,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 90% by 2040.
As of 2024, Philip Morris International is lagging behind on its total carbon footprint reduction target, having achieved 16.72% of the planned reduction.