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PHILIP MORRIS INTERNATIONAL, INC.

(PM)
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Promoting climate justice in global supply chains

11/11/2021 | 04:18am EST
What is climate justice?

Climate justice is a term pioneered by activists in the global south. It acknowledges that climate change has differing and inequitable impacts on vulnerable, underprivileged population groups. It seeks to address the injustice that those who are least responsible for causing the problem of climate change are also those most likely to suffer from its impacts.

Systemic disparities persisting in society today-including, but not limited to, those associated with wealth, race, ethnicity, gender, class, and generational gaps-influence the relationship people have with the environment, and can compound climate risks.

Climate change is intrinsically linked to human rights. In addition to the right to a safe, clean, healthy, and sustainable environment-recently recognized by the UN Human Rights Council-climate change can negatively impact multiple human rights. These impacts will be felt acutely by those who earn a living in agricultural, forestry, and fishing industries, particularly in the global south.

The private sector should play an important role in advancing climate justice by realigning business incentives with international climate commitments, such as the Paris Agreement. Businesses are increasingly committing to energy transitions, GHG emission reductions, and deforestation targets. Many are also increasing transparency and reporting surrounding their progress, committing to lead in the fight against climate change, and helping to influence government action on climate and human rights impacts.

Through due diligence efforts, businesses can better understand how climate change and sustainability measures impact the people associated with their business. In accordance with the UN Guiding Principles on Business and Human Rights, businesses must "know and show" their impacts on the climate.

Disclaimer

Philip Morris International Inc. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 09:16:09 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 31 201 M - -
Net income 2021 9 130 M - -
Net Debt 2021 24 174 M - -
P/E ratio 2021 17,7x
Yield 2021 4,75%
Capitalization 160 B 160 B -
EV / Sales 2021 5,91x
EV / Sales 2022 5,73x
Nbr of Employees 71 000
Free-Float 73,7%
Chart PHILIP MORRIS INTERNATIONAL, INC.
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Philip Morris International, Inc. Technical Analysis Chart | PM | US7181721090 | MarketScreener
Technical analysis trends PHILIP MORRIS INTERNATIONAL, INC.
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 102,92 $
Average target price 109,84 $
Spread / Average Target 6,72%
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Managers and Directors
Jacek Olczak Chief Executive Officer & Director
Emmanuel Andre Marie Babeau Chief Financial Officer
AndrÚ Calantzopoulos Executive Chairman
Patrick Brunel Chief Information Officer & Senior Vice President
Bertrand Bonvin Senior Vice President-Research & Development