Environment
In 2023, PMI successfully integrated the greenhouse gas (GHG) inventory of Swedish Match into PMI’s value chain carbon accounting.
While in 2023, PMI successfully integrated the greenhouse gas (GHG) inventory of Swedish Match into PMI’s value chain carbon accounting, during 2024, Swedish Match’s activities started being integrated within PMI’s low carbon transition plan, and PMI plans to extend its various mitigation and adaptation strategies and initiatives to Swedish Match’s operations. PMI and Swedish Match has worked on setting common carbon reduction targets, which were approved through the Science Based Targets initiative (SBTi) in December 2024. The science-based targets remain the same as published in PMI’s Integrated Report 2023, now including Swedish Match data.
PMI’s climate strategy, inclusive of Swedish Match, aims to address pertinent climate change-related risks and build resilience while seizing opportunities presented by a low carbon future. To deliver on its climate ambitions, PMI relies on robust carbon footprint accounting, regular analysis of climate change related risks and opportunities, ambitious mitigation targets, implementation of adaptation measures, clear management and governance structures, and key enablers such as our internal carbon pricing. PMI prioritizes reducing absolute carbon emissions by optimizing efficiency and reducing consumption while minimizing the use of fossil fuels and promoting the switch to renewable energy.
PMI, including Swedish Match, tracks and reports GHG emissions from its direct operations (Scope 1 direct emissions), emissions from energy used in its direct operations (Scope 2 indirect emissions), and emissions in its upstream and downstream value chain according to the Corporate Value Chain Standard (Scope 3 indirect emissions) of the Greenhouse Gas Protocol.
For more information, please refer to PMI’s Integrated Report.
