Materiality assessment
During 2023, PMI conducted a light refresh of their materiality assessment conducted in 2021, accounting for two meaningful developments: change in footprint (driven both by the acquisition of Swedish Match and by our announcement to enter the US in 2024 with IQOS) and recent regulatory developments, especially those focused on mandatory nonfinancial disclosures.
Besides minor calibration, this internal review confirmed the outcomes of the 2021 assessment and did not result in changes to the priority ESG topics.
For more information on PMI’s most recent full-fledged sustainability materiality assessment, please see PMI’s 2021 Sustainability Materiality Report.
For more information on the light refresh conducted in 2023, please refer to PMI’s Integrated Report.
