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PMI publishes report detailing historical past, technique, challenges, and progress made; ALP’s learnings will help the event of Verité’s upcoming ‘Farm Labor Due Diligence Toolkit’
LAUSANNE, Switzerland — In the present day, in recognition of Worldwide Day of Human Rights and the Worldwide 12 months for the Elimination of Little one Labor (2021), Philip Morris Worldwide Inc. (PMI) (NYSE: PM) publishes its Agricultural Labor Practices: 10-12 months Anniversary Report . The report acknowledges the corporate’s decade-long Agricultural Labor Practices (ALP) program, which launched in 2011 with the intention to get rid of youngster labor and to realize protected and truthful working circumstances on farms the place PMI sources tobacco.
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“In marking the 10-year anniversary of our ALP program and the Worldwide 12 months for the Elimination of Little one Labor, we’ve developed a complete report back to replicate on the progress we’ve made whereas acknowledging that accelerated motion is extra pressing than ever,” mentioned Jennifer Motles, Chief Sustainability Officer, PMI. “We’re acutely conscious that poverty and inequality are on the root of kid labor and different human rights points. Via our give attention to dwelling revenue, we intention to construct resilience in our farming communities, present new and various sources of income, and enhance revenue ranges and households’ livelihoods.”
Up to date in 2019 to incorporate its dwelling revenue goal, PMI’s ALP program stays one of the crucial formidable and complete efforts to enhance labor practices in a worldwide agricultural provide chain. The report reaffirms the corporate’s dedication to proceed defending, selling, and supporting the socioeconomic well-being of tobacco-farming communities. This contains the ambition to realize 100% of its contracted farmers paying at the very least the authorized minimal wage by 2022, zero youngster labor in its tobacco provide chain by 2025, 100% of its contracted farmers making a dwelling revenue by 2025, and 100% of contracted farmers supplying tobacco to PMI to have fundamental water entry by 2025 and entry to fundamental sanitation and hygiene by 2030.
These strategic ambitions proceed to construct on essential ALP targets already achieved in earlier years, which embrace offering protected and respectable lodging to employees, and making certain 100% of farmers and employees have entry to non-public protecting tools for the applying of crop safety brokers and prevention of inexperienced tobacco illness.
In commemoration of the 10-year anniversary, PMI can be partnering with Verité to combine its learnings into an open-source toolkit that can assist corporations, suppliers, and producers in driving enhancements in labor practices of agricultural provide chains around the globe. The initiative, known as the “Verité Farm Labor Due Diligence Toolkit,” is a part of an motion pledge Verité has made in help of the Worldwide 12 months for the Elimination of Little one Labor.
The toolkit will draw on the insights developed throughout Verité’s collaboration with PMI on the ALP program, in addition to Verité’s work with different shoppers. PMI will be part of a coalition of different private-sector sponsors convened by Verité to help the toolkit initiative, serving to to prioritize, develop, and promote the supplies to be included inside.
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Anna Kletsidou, Head of Social Influence, PMI, mentioned: “By persevering with to collaborate with our companions comparable to Verité, we additional strengthen our foundations, scale our efforts, and share our learnings to enhance agriculture labor practices. As the corporate delivers a smoke-free future, we’re increasing into electronics—leveraging our ALP learnings, PMI stays alert to environmental and social impacts created by this provide chain and is creating strong methods to handle them.”
Since its implementation, PMI’s ALP program has showcased the significance of partnership, digitalization, and steady enchancment. Earlier this 12 months, PMI commissioned a publication targeted on local weather justice and the interconnectivity between environmental and social points, recognizing the affect of local weather change on human rights and the necessity to develop coherent and inclusive methods.
To be taught extra about PMI’s ALP program, its work with Verité, or to learn the anniversary report, go to the PMI Social Sustainability touchdown web page .
Ahead-Wanting and Cautionary Statements
This press launch incorporates projections of future outcomes and different forward-looking statements. Achievement of future outcomes is topic to dangers, uncertainties and inaccurate assumptions. Within the occasion that dangers or uncertainties materialize, or underlying assumptions show inaccurate, precise outcomes may range materially from these contained in such forward-looking statements. Pursuant to the “protected harbor” provisions of the Personal Securities Litigation Reform Act of 1995, PMI is figuring out essential components that, individually or within the combination, may trigger precise outcomes and outcomes to vary materially from these contained in any forward-looking statements made by PMI.
PMI’s enterprise dangers embrace: excise tax will increase and discriminatory tax constructions; rising advertising and regulatory restrictions that would cut back our competitiveness, get rid of our potential to speak with grownup customers, or ban sure of our merchandise in sure markets or international locations; well being considerations regarding the usage of tobacco and different nicotine-containing merchandise and publicity to environmental tobacco smoke; litigation associated to tobacco use and mental property; intense competitors; the consequences of world and particular person nation financial, regulatory and political developments, pure disasters and conflicts; adjustments in grownup smoker habits; misplaced revenues because of counterfeiting, contraband and cross-border purchases; governmental investigations; unfavorable forex alternate charges and forex devaluations, and limitations on the power to repatriate funds; antagonistic adjustments in relevant company tax legal guidelines; antagonistic adjustments in the fee, availability, and high quality of tobacco and different agricultural merchandise and uncooked supplies, in addition to elements and supplies for our digital gadgets; and the integrity of its data techniques and effectiveness of its knowledge privateness insurance policies. PMI’s future profitability may be adversely affected ought to it’s unsuccessful in its makes an attempt to provide and commercialize reduced-risk merchandise or if regulation or taxation don’t differentiate between such merchandise and cigarettes; whether it is unable to efficiently introduce new merchandise, promote model fairness, enter new markets or enhance its margins by means of elevated costs and productiveness good points; whether it is unable to develop its model portfolio internally or by means of acquisitions and the event of strategic enterprise relationships; or whether it is unable to draw and retain one of the best international expertise. Future outcomes are additionally topic to the decrease predictability of our reduced-risk product class’s efficiency.
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PMI is additional topic to different dangers detailed once in a while in its publicly filed paperwork, together with the Type 10-Q for the quarter ended September 30, 2021. PMI cautions that the foregoing listing of essential components isn’t an entire dialogue of all potential dangers and uncertainties. PMI doesn’t undertake to replace any forward-looking assertion that it could make once in a while, besides within the regular course of its public disclosure obligations.
Philip Morris Worldwide: Delivering a Smoke-Free Future
Philip Morris Worldwide (PMI) is main a change within the tobacco trade to create a smoke-free future and finally substitute cigarettes with smoke-free merchandise to the good thing about adults who would in any other case proceed to smoke, society, the corporate, its shareholders, and different stakeholders. PMI is a number one worldwide tobacco firm engaged within the manufacture and sale of cigarettes, in addition to smoke-free merchandise, related digital gadgets and equipment, and different nicotine-containing merchandise in markets outdoors the U.S. As well as, variations of PMI’s IQOS Platform 1 machine and consumables have acquired advertising authorizations from the U.S. Meals and Drug Administration (FDA) underneath the premarket tobacco product utility (PMTA) pathway; the FDA has additionally licensed the advertising of a model of IQOS and its consumables as a Modified Danger Tobacco Product (MRTP), discovering that an publicity modification order for these merchandise is acceptable to advertise the general public well being. PMI is constructing a future on a brand new class of smoke-free merchandise that, whereas not risk-free, are a significantly better alternative than persevering with to smoke. Via multidisciplinary capabilities in product improvement, state-of-the-art services, and scientific substantiation, PMI goals to make sure that its smoke-free merchandise meet grownup shopper preferences and rigorous regulatory necessities. PMI’s smoke-free product portfolio contains heat-not-burn merchandise, nicotine-containing vapor merchandise, and oral nicotine merchandise. As of September 30, 2021, PMI’s smoke-free merchandise can be found on the market in 70 markets in key cities or nationwide, and PMI estimates that roughly 14.9 million adults around the globe have already switched to IQOS and stopped smoking. For extra data, please go to www.pmi.com and www.pmiscience.com .
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About Verité
Verité is an impartial, non-profit, civil society group (CSO), acknowledged for its distinctive credibility. Since 1995, they’ve partnered with tons of of firms, governments, and CSOs to light up labor rights violations in provide chains and treatment them to the good thing about employees and firms alike. Verité has been acknowledged by the Skoll Award for Social Entrepreneurship and Schwab US Social Entrepreneur of the 12 months. Verité’s objectives are to supply companies with instruments that assist to get rid of labor abuses; To empower employees to advocate for his or her rights; To create publicly-shared assets that enlighten and drive motion; To contribute their experience to authorities labor and human rights coverage. Verité has a historical past of labor in over 70 international locations, with a worldwide community of consultants in Africa, Asia, Europe, South America, North America and Australia. Go to their web site to seek out out extra.
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Contacts
Philip Morris Worldwide
David Fraser
T. +41 (0)58 242 4500
E. david.fraser@pmi.com
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