RICHMOND, Va.–(BUSINESS WIRE)–February 10, 2022–
Altria Group, Inc. (“Altria”) (NYSE: MO) today announced that it has been recognized as a member of CDP’s 2021 Supplier Commitment to Climate Change Rankings, highlighting the work of Altria and of its subsidiaries in sustainable supply chain management. Its Supplier Engagement Assessment (SER) places it in the top 8% of companies that responded to CDP’s comprehensive climate questionnaire.
The SER provides an assessment of how effectively companies are engaging their suppliers on climate change. The CDP assesses supplier engagement performance using a company’s response to selected questions on governance, goals, Scope 3 emissions and value chain engagement in the CDP questionnaire on climate change.
“We believe that Altria and our affiliates’ strong and enduring partnerships with our supplier base and business partners are critical to our future success and the achievement of Altria’s vision,” said Sal Mancuso, Vice Executive Chairman, Chief Financial Officer. “We are committed to fostering sustainability and diversity throughout the value chain and welcome the opportunity to further engage with our suppliers on environmental sustainability as a member of CDP’s supply chain. .”
Last year, Altria was recognized for the second consecutive year with a double “A” rating for fighting climate change and protecting water security by CDP, a non-profit organization that runs a global environmental impact management disclosure system. CDP’s A-list recognizes companies for their leadership in transparency and action on key environmental issues.
In 2020, Altria announced its long-term goals for 2030 from a 2017 baseline:
- Reduce absolute Scope 1 and Scope 2 emissions by 55%
- Reduce Scope 3 absolute emissions by 18%
- Achieve 100% renewable electricity
- Reduce waste sent to landfill by 25%
- Achieve 100% water neutrality every year
Altria is firmly committed to reducing its environmental impactboth by aligning operational and value chain business practices with scientific methodology to limit the adverse effects of climate change and by reducing the environmental impact of the use of its companies’ products.
In line with Altria’s disclosure of climate-related risks and opportunities in the CDP Climate Change, last year Altria also released its first stand-alone task force on climate-related financial disclosures ( TCFD ) report. The TCFD was established by the Financial Stability Board in 2015 to help companies provide investors with decision-useful information about their climate-related risks and opportunities. Altria is proud to be the first US tobacco company to join over 2,700 TCFD supporters.
For more information on CDP, please visit www.cdp.net
Altria has a leading portfolio of tobacco products for US tobacco consumers aged 21 and older. Altria’s vision for 2030 is to responsibly lead the transition of adult smokers to a smoke-free future (Vision). Altria is To go beyondSmoking ™, paving the way for adult smokers to move away from cigarettes by taking action to switch millions of people to potentially less harmful choices – believing this to be a substantial opportunity for adult tobacco users , Altria businesses and society.
Altria’s wholly-owned subsidiaries include leading manufacturers of combustible and smokeless products. In the fuels sector, Altria owns Philip Morris USA Inc. (PM USA), the most profitable US cigarette manufacturer, and John Middleton Co. (Middleton), one of the largest cigar manufacturers in the United States. Altria’s smokeless portfolio includes ownership of US Smokeless Tobacco Company LLC (USSTC), the world’s leading manufacturer of wet smokeless tobacco (MST), and Helix Innovations LLC (Helix), a rapidly growing manufacturer of nicotine pouches oral. Altria is also enhancing its smoke-free product portfolio with exclusive U.S. marketing rights to the IQOS® Tobacco Heating System and Marlboro HeatSticks ®, and an equity investment in JUUL Labs, Inc. (JUUL).
Altria also holds stakes in Anheuser-Busch InBev SA/NV (ABI), the world’s largest brewer, and Cronos Group Inc. (Cronos), a leading Canadian cannabinoid company.
Altria’s tobacco company brand portfolios include Marlboro ®, Black and Soft ®, Copenhagen ®, Scoal ® and to! ®. The Altria-related trademarks and service marks referenced in this release are the property of Altria or its affiliates or are used with permission.
Learn more about Altria at www.altria.com and follow us on Twitter, Facebook and LinkedIn.
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CONTACT: Media Relations
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KEYWORD: NEW YORK VIRGINIA UNITED STATES NORTH AMERICA
SECTOR KEYWORD: SUPPLY CHAIN MANAGEMENT OTHER RETAIL PROFESSIONAL SERVICES WINE & SPIRITS PHILANTHROPY TOBACCO ENVIRONMENT RETAIL OTHER PROFESSIONAL SERVICES PUBLIC RELATIONS/INVESTOR RELATIONS COMMUNICATIONS OTHER PHILANTHROPY
SOURCE: Altria Group, Inc.
Copyright BusinessWire 2022.
PUBLISHED: 02/10/2022 09:00 AM/DISC: 02/10/2022 09:02 AM
Copyright BusinessWire 2022.