Users of Philip Morris International's smoke-free alternatives are now 33 million, according to business results reported in Philip Morris International's latest Integrated Sustainability Report.
With it, the company for the 5th year in a row reports its progress towards the complete replacement of cigarettes with potentially less harmful alternatives, which are a better choice for all those adult smokers who would otherwise continue to smoke.
The report aims to present an objective description of the company's business model, strategy, results and prospects in relation to priority economic, social, environmental and governance topics.
The integrated report for 2023 emphasizes the continuous enrichment of the company's portfolio of smoke-free alternatives, as well as the fulfillment of its ambitious goals for sustainable development. The report focuses on topics related to the impact of the company's products and the impact of its business operations.
A smoke-free future
2023 was a year of continued commitment to our vision of a smoke-free future. Thanks to the talent and focus of our employees, we keep moving forward, driving innovation and promoting sustainable development," says Jacek Olczak, CEO of Philip Morris International.
IQOS users worldwide are already 28.6 million, according to the company, which from 2008 to today has invested more than 12.5 billion in scientific research, development and offering smoke-free alternatives, the net income from which is already 36.4%. The leading smokeless alternative from Philip Morris International's portfolio is now in 84 markets around the world, and in 25 of them its net revenue exceeds 50%.
In early March, as part of its mission to build a smoke-free future, the company launched IQOS ILUMA i in Japan – the latest and most innovative addition to Philip Morris International's growing portfolio of smoke-free alternatives. It also coincides with the 10th anniversary of IQOS' first market launch in Nagoya, Japan in 2014.
Overachieving the target for women in management positions
In terms of the impact of its business operations, the company shows progress in promoting an inclusive work environment by reporting that it continues to exceed its goal of 40% women in management positions and in 2023 the result in this direction is already 41.8%.
The report also highlights the company's efforts to improve people's lives along the supply chain, decarbonize operations and value chain, and protect nature and biodiversity.
With the 2023 Integrated Report, we emphasize that building a smoke-free future is not just a priority, it is at the heart of our mission. The path we're on is marked by our ambition to be leaders, our promise to operate in a transparent way and our determination to make cigarettes a thing of the past," said Jennifer Motles, Chief Sustainability Officer at Philip Morris International. "We remain committed to transparent, consistent and reliable reporting practices that enable external stakeholders to understand not only our results, but also how we respond to a rapidly changing environment and plan for the long term, helping to create a more sustainable and transparent business environment," she adds.
You can learn more about Philip Morris International's efforts in the field of sustainable development at pmi.com/sustainability, where you will also find the company's full Integrated Report for 2023.
The preparation of the Integrated Report of Philip Morris International for 2023 took into account the guidelines laid down in international standards and frameworks, including: the Global Accountability Initiative (GRI); The United Nations Global Compact (UNGC); The goals for sustainable development of ONN; The IFRS Foundation, including implementation of the Sustainability Accounting Standards Board (SASB) standards, Integrated Accounting Principles and Integrated Reporting Framework.