PMI ranks number 4, marking its fourth consecutive year of recognition for making significant strides toward reaching net zero carbon footprint goals

Philip Morris International (PMI) has been included once more in Forbes’ 2026 Net Zero Leaders list, recognizing its leadership and continued progress in advancing climate action across its global operations.

The Forbes Net Zero Leaders list highlights U.S. publicly listed companies best positioned to achieve net zero emissions by 2050, based on measurable performance rather than commitments alone. Despite most companies aligning to a 2050 net zero horizon, PMI remains committed to reaching net zero by 2040, as set out in its Climate Transition Plan published in 2025. This aspiration reflects PMI’s confidence in collective progress, trust that ambition drives innovation, that policy will evolve to enable change, and collaboration will accelerate system‑wide transformation. Above all, it signals hope: that by acting early and holding firm, PMI can help build the critical momentum needed to shift markets, technologies, and mindsets, and inspire similar action across its value chain.

“PMI’s recognition in Forbes’ Net Zero Leaders list reflects the strength of its global transformation and commitment to reducing environmental impact across the value chain. In Azerbaijan, our contribution to this journey is centered on accelerating the shift to smoke-free alternatives through responsible commercialization of innovative products. By expanding better alternatives for adult smokers, we support PMI’s broader ambition to create long-term value in a more sustainable way.", Igor Nikonenko, the Director of the Philip Morris Azerbaijan said.

Philip Morris International placed number 1 in the fast‑moving consumer goods category, the only FMCG to make it to the top 10, and 4th overall, reflecting its excellent risk management, operational strength, governance and organizational preparedness. Forbes evaluated companies using data from Sustainalytics and Morningstar, assessing governance, risk management, strategy, decarbonization metrics across Scopes 1, 2, and 3, and financial resilience.

Over the past year, Philip Morris International has continued to strengthen the foundations of its climate strategy and integrate it more deeply into how the business creates long-term value. Key milestones include:

• Launching its comprehensive Value Plan 2030+, defining the next phase of PMI’s long‑term value creation;
• Publishing an updated Climate Transition Plan, setting out the actions, governance, timelines, and targets to achieve net zero GHG emissions across the value chain by 2040; and
• Continued progress towards its science‑based decarbonization targets, validated by the Science Based Targets initiative (SBTi).

Philip Morris International: A Global Smoke-Free Champion

Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. Our smoke-free products are available for sale in over 105 markets, and as of December 31, 2025, PMI estimates they were used by over 43 million legal-age consumers around the world, many of whom have moved away from cigarettes or significantly reduced their consumption. The smoke-free business accounted for 43% of PMI’s first-quarter 2026 total net revenues. Since 2008, PMI has invested over $16 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match’s General snus and ZYN nicotine pouches and versions of PMI’s IQOS devices and consumables - the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness areas. For more information, please visit www.pmi.com and www.pmiscience.com.

The branch office of Philip Morris International’s affiliate was opened in Azerbaijan in August 2024. Currently IQOS devices and consumables are available in the Azerbaijani market.