Philip Morris International named one of Forbes’ top Net Zero Leaders for the third consecutive year

Philip Morris International Inc. (“PMI”) has been recognized on the Forbes 2025 Net Zero Leaders list, ranking fourth in 2025. Forbes compiled its list with data from Sustainalytics and Morningstar to assess companies’ progress towards a net-zero future. It evaluated each company’s management structure to aid in risk assessment, governance, strategy, and metrics for achieving decarbonization targets across scopes 1+2+3, as well as financial strength to withstand industry competition and economic turmoil. 

“Our sustainability strategy remains deeply integrated with our business transformation,” explained Jennifer Motles, Chief Sustainability Officer at PMI. “It is a catalyst for building operational resilience, driving innovation, and creating long-term value. Initiatives such as our investment in renewable energy and supply chain optimization are grounded in data, transparency, and an ambition to strengthen both our environmental performance and our competitive position.” 

In line with PMI’s strategy, Philip Morris (Pakistan) Limited (“PMPKL”), an affiliate of PMI, prioritizes sustainability in its operations. Ali Takesh, Chief Executive Officer 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. At PMPKL, we are committed to minimizing our environmental impact, reducing our carbon footprint, and advancing sustainability efforts across Pakistan.” 

In 2024, PMPKL’s Sahiwal factory generated 15% of its yearly demand from renewable energy. To conserve the environment, PMPKL’s Green Leaf Threshing Plant (GLT) successfully converted the boiler fuel operation from furnace oil to Liquefied Petroleum Gas (LPG). Due to this conversion, during 2024, a total of 824,200 kg of CO2 emissions is reduced, which corresponds to a 58% CO2 footprint reduction v/s the 2019 baseline. PMPKL ensures that the fuelwood used by contracted farmers for tobacco curing comes from 100% sustainable sources. This 100% Fuelwood sustainability target has been achieved for every crop year since 2020. Through a diverse range of initiatives, PMPKL is committed to minimizing its environmental impact, reducing its carbon footprint, and advancing sustainability efforts across Pakistan.

Also Read: Customers in Karachi can now order directly from Naheed Supermarket via the Yango super app