Commitment to Achieving Net Zero by 2040
Philip Morris International (PMI) has once again been recognised on Forbes’ 2026 Net Zero Leaders list, securing the 4th position for its leadership in climate action. This marks the fourth consecutive year the company has been acknowledged for its efforts in advancing climate initiatives. PMI’s placement highlights its ongoing commitment to reducing carbon emissions and achieving sustainability targets.
Forbes evaluated U.S. publicly listed companies based on their measurable performance toward achieving net zero emissions by 2050. While many companies aim for 2050, PMI has set a more ambitious target to reach net zero by 2040, as detailed in its Climate Transition Plan published in 2025. This plan outlines strategic steps to decarbonize and innovate across their operations.
Jennifer Motles, Chief Sustainability Officer at PMI, stated, “Being recognised once again by Forbes as a climate leader confirms that the choices we make today about strategy, capital, and governance shape the sustainability of the business we become tomorrow.” The company prioritises sustainability in every strategic decision to ensure long-term value creation.
Unique Achievements in the FMCG Sector
PMI was the only fast-moving consumer goods company to make it to the top 10, highlighting its strong governance, risk management, and operational strategies. It placed first in the FMCG category, reflecting its excellent organisational preparedness. The distinction underscores PMI’s proactive stance in addressing climate-related challenges and opportunities.
Forbes’ evaluation considered data from Sustainalytics and Morningstar, assessing governance, risk management, and decarbonization metrics across Scopes 1, 2, and 3. PMI’s operational strength and financial resilience were key factors. The company’s integrated approach to addressing climate risks and opportunities is central to its business continuity and competitiveness.
Scott Coutts, Chief Global Operations Officer, explained, “Our approach combines mitigation with adaptation, building resilience across manufacturing footprint and agricultural supply chains.” PMI’s efforts are designed to protect current operations while preparing for future climate-related impacts.
Over the past year, PMI has strengthened the foundations of its climate strategy, integrating it more deeply into its business model. Key milestones include launching its Value Plan 2030+, which defines the next steps in its sustainability journey. This plan sets clear objectives for achieving net zero emissions and driving innovation.
PMI’s efforts have been validated by the Science Based Targets initiative, emphasizing its progress towards science-based decarbonization targets. The company believes that early and firm actions will help build the critical momentum needed to inspire similar actions across its value chain.
To learn more about PMI’s sustainability efforts, including their 2025 Value Report and Climate Transition Plan, visit their website. These resources provide detailed insights into PMI’s comprehensive strategies for achieving long-term environmental goals.
