For Multinationals, Sustainable Business Transformation Brings Challenges and Opportunitie

PHILIP MORRIS INTERNATIONAL SPECIAL SERIES

Today's consumers are looking for businesses that make a positive impact on people and the planet, while investors, governments and other stakeholders are putting increasing pressure on companies to be transparent about the way they do business. Against this backdrop, the business landscape is changing rapidly. Entire industries are in the midst of monumental shifts, and many companies are confronted with realities that require a complete overhaul of their business models. In this series sponsored by Philip Morris International, which is disrupting its business by leading the transformation of the tobacco industry to replace cigarettes with smoke-free products, we’ll take a closer look at how a multinational company is engaging with stakeholders and embracing change, challenges and opportunities to chart a way forward.

Content from this campaign

Corporate Responsibility
Companies Are Making Progress on Human Rights, Expert Says
It’s hard to believe it has been nearly a decade since the United Nations Human Rights Council unanimously endorsed the Guiding Principles on Business and Human Rights, which today are considered the authoritative global standard.
Philanthropy
Sustainability Champion Says Progress Requires Unlikely Collaborations
Philip Morris International proclaims on its website that it is shifting resources to transform its business and become a smoke-free technology leader as quickly as possible with new offerings such as IQOS, a heated tobacco product.
Corporate Responsibility
How to Eliminate Child Labor, Farm by Farm, on a Global Scale
Companies should act to not only eradicate the problem of child labor, but also help tackle the underlying reasons it exists. That’s what Philip Morris International (PMI) has been striving toward—eliminating child labor by changing the way it purchases tobacco, monitoring the labor practices on farms, and adopting initiatives to help farming communities improve their business operations so they don’t need child labor.
Corporate Responsibility
Why Sustainability Makes Business Sense
For a company like Philip Morris International to have a conversation about sustainability may seem almost inappropriate to some people. How can a tobacco company—which sells products that are harmful to the health of its consumers—talk in a credible way about sustainability? It’s a fair question. Sustainability needs to start with taking a hard look at the impact a company’s products have on consumers and society, and it’s no secret that cigarettes are harmful.

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