The continued and growing urgency of climate change has trig

Gathering momentum for nations and businesses to step up their fight against this threat and accelerate actions. At the G7 Summit in June, world leaders committed to reach net-zero carbon emissions by 2050, halve collective emissions by 2030, and increase and improve climate finance by 2025. With these commitments, leaders are signaling that decisive action must be taken to avoid the most significant impacts of climate change. Visionary leaders share the ambition of limiting global temperature rise to 1.5 degrees Celsius and are implementing strategies to match the ambition of world governments by cutting emissions across value chains.

The impacts of climate change coupled with concerns from WhatsApp Number Database employees, consumers and shareholders demand this, and the business community is responding. For example, within the last few months, P&G, HP and FedEx have all announced accelerated climate action goals to achieve net zero emissions by 2040. In fact, one in five of the world’s 2,000 largest publicly listed companies are now committed to a net-zero emissions target, according to Energy and Climate Intelligence Unit (ECIU) and Oxford Net Zero. Stabilizing the climate will require strong, rapid, and sustained reductions in greenhouse gas emissions, and reaching net zero CO2 emissions. However, making meaningful, measurable progress is a monumental task, and each path to carbon neutrality looks different for every business. Effective strategies and tools to support the necessary shift toward carbon neutral economies have already been developed.

Carbon pricing remains one of the most effective tools to foster and incentivize emissions reduction, and it has the potential to transform the way industries and economies compute for the risk of climate changes. An Effective Long-Term Tool to Achieving Ambitions At Philip Morris International (PMI), the transformation of our company is intrinsically and intimately linked to our overall sustainability strategy. As such, we recently published our Low-Carbon Transition Plan (LCTP), a transparent and detailed roadmap that explains how we plan to achieve our climate ambitions, measure success, and report on our progress, while accelerating our decarbonization efforts. The LCTP outlines our new ambitions to achieve carbon neutrality in our direct operations in 2025—five years earlier than previously announced—and net zero emissions in our entire value chain by 2040—10 years earlier than the original target, with carbon reductions in line with the 1.5°C Science-Based.