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Philip Morris International Scored 60 On ESG Evaluation; Preparedness Adequate
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LONDON, May 13, 2021 /PRNewswire/ -- (S&P Global Ratings) -- S&P Global Ratings said today that U.S.-listed Philip Morris International (PMI) scored 60 in its ESG Evaluation. On our scale, 100 indicates the lowest risk and 0 the highest. The company's ESG Evaluation score is the result of an ESG profile of 57 combined with adequate preparedness.
PMI's ESG Evaluation score of 60 reflects our view of the company's long-term ambition to switch smokers to potentially reduced-risk products, and its targeted actions to address environmental and social concerns in its supply chain, which we see as positively differentiating PMI from its peers. In our view, PMI's ambition to encourage smokers to use reduced-risk tobacco products will help it mitigate some of the social risks to which it is exposed as a tobacco company.