Philip Morris International recognized by Forbes as leading company in net zero efforts

Philip Morris International (PMI) is proud to announce that PMI has been ranked first in the Forbes 2024 Net Zero Leaders ranking. The acknowledgement highlights the 100 U.S. public companies best positioned to reduce their Green House Emissions (GHG). This acknowledgement underscores PMI’s commitment to sustainability and its efforts to transform its business model.


“We are honoured to be recognised by Forbes to be ranked first among businesses that are at the forefront striving towards net zero,” said Jacek Olczak, Chief Executive Officer of PMI. “PMI is completely transforming and leaving its legacy businesses behind. Our progress is measured, reported, and real. We are acutely aware that we can only achieve our purpose by embedding sustainability in every aspect of our business.”


In line with this, Philip Morris (Pakistan) Limited (PMPKL), an affiliate of PMI, prioritises sustainability in its operations. Roman Yazbeck, CEO of PMPKL in his remarks stated, “Our climate strategy aims to address pertinent climate change-related risks and build resilience while seizing opportunities presented by a low-carbon future.”


In 2023, PMPKL’s Sahiwal factory generated 15% of its total yearly energy demand from renewable energy. To reduce CO2 emissions, PMPKL introduced barn and furnace improvements to decrease firewood consumption and improved 86% of the furnaces of its contracted barns. Furthermore, PMPKL installed five metallic furnaces successfully at 5 locations during the crop year 2023 which resulted in a fuel saving of 11.54% vs. commonly used venturi furnaces. Through various initiatives, PMPKL aims to reduce environmental impact and carbon footprint and promote sustainability in Pakistan.


PMI continues to push the boundaries of innovation and responsibility. Forbes’ recognition highlights PMI’s unwavering commitment to creating a more sustainable world.




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