LAUSANNE, SWITZERLAND-- November 23, 2021 -- Philip Morris International Inc. (PMI) (NYSE: PM) has been included for the second consecutive year in the Dow Jones Sustainability Index (DJSI) North America. The index recognizes the top 20 percent of sustainability performers among the 600 largest U.S. and Canadian companies in the S&P Global Broad Market Index—those that exhibit best-in-class performance against environmental, social, and governance (ESG) metrics, as assessed by S&P Global.

Underpinning PMI’s inclusion in the index, the company scored 84 (out of 100) in the 2021 S&P Global Corporate Sustainability Assessment, reflecting an improvement of 10 points over the prior year and a top decile position in the tobacco industry.[1] Importantly, PMI led the tobacco industry in 10 of the 24 criteria assessed[1], including Innovation Management, which evaluates companies’ research and development spending, product innovations, and portfolio of tobacco alternatives and smoke-free products.

“ESG ratings can spur greater transparency and incentivize companies to improve their performance,” said Jennifer Motles, Chief Sustainability Officer. “We are proud to again be part of the Dow Jones Sustainability Index North America, which further confirms the significant progress we’re making to transform our business.”

“For many companies, the most material sustainability topics relate to their products,” she continued. “At PMI, addressing the impact of our products on public health, society and the environment remains the focus and core of our strategy. We believe that going beyond company operations to purposefully address product impacts can encourage business model transformations that lead to a more sustainable economy—and a better future. In the case of our industry, this means successfully phasing out cigarettes to accelerate the end of smoking.”

PMI is leading the industry transformation to smoke-free products, which made up approximately 29% of the company’s net revenues in the third quarter of 2021. The company’s ambition is for smoke-free products to account for more than 50% of full-year net revenues by 2025.

Manjit Jus, Global Head of ESG Research, S&P Global said: “We congratulate Philip Morris International for being included in the Dow Jones Sustainability Index for North America. A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency."

PMI is also recognized by MCSI with an ESG Rating of BBB[2] and by Sustainalytics with an ESG Risk Rating Score of 22.9[3]. Additional information on PMI’s sustainability efforts and ESG performance is available on the company’s sustainability webpage.

Note: The term “material,” when used in the context of economic, environmental and social topics, is defined in the referenced sustainability standards, and is not meant to correspond to the concept of materiality under the U.S. securities laws and/or disclosures required by the U.S. Securities and Exchange Commission.

[1] Score date: November 12, 2021.
[2] September 22, 2021 report.
[3] October 19, 2021 report. Note: A Sustainalytics score of zero out of 100 represents the lowest ESG risk.