Philip Morris International’s (PMI) new ESG KPI Protocol and the ESG Highlights provide data-driven insight into PMI’s ESG performance, according to a company press release.

Following the introduction of its Sustainability Index PMI has made its ESG KPI Protocol publicly available. The document describes how the Sustainability Index will measure PMI’s progress toward reaching the goals outlined in its 2025 Roadmap and provides details about the 19 metrics that comprise PMI’s Sustainability Index, states a company press release.
The ESG KPI Protocol is a separate, dedicated explanation of the Sustainability Index’s mechanics. It includes the definition, methodology, and scope of each of the Sustainability Index’s KPIs to provide measurable, verifiable, consistent, and accurate reporting on progress, according to the press release. By publishing its ESG KPI Protocol, PMI is providing further transparency on key metrics used to show the company’s progression towards achieving its goals and “creating value for shareholders and other stakeholders”.
“As sustainability matures and gains importance inside and outside our company, the question of how to measure ESG performance is something many continue to grapple with. Accordingly, we developed a clear process for establishing concrete definitions, documentation, and controls for sustainability with the aim of standardizing how we measure ESG performance,” said Jennifer Motles, Chief Sustainability Officer. “We have long expressed our support for more rigor in sustainability-related reporting—and not just for companies, but also for ESG ratings and related products. There is a need for greater transparency, more robust methodologies, and better clarity on definitions and assumptions. We certainly welcome recent developments leading to more consistency in standards under strong governance frameworks.”