British American Tobacco Pledges Carbon-Neutral Products by 2050
March 09 2021 - 9:50AM
Dow Jones News
By Dieter Holger
British American Tobacco PLC has pledged to make its products
carbon neutral by 2050 as the tobacco industry moves away from
cigarettes.
The London-based owner of Camel and Lucky Strike cigarettes said
Tuesday that it would continue to work with its suppliers and
farmers to meet its new net-zero emissions goal.
BAT's plan comes as more and more large companies expand their
focus from emisssions from their direct operations and energy
purchases, known as Scope 1 and 2 emissions, to the emissions
contained in the products they sell, known as Scope 3
emissions.
"We are at a pivotal moment in our transformation," BAT Chief
Executive Jack Bowles said in prepared remarks. Last year, the
company grew customers of non-combustile tobacco products, like
e-cigarettes, to 13.5 million from 10.5 million.
The company's other targets include zero-waste-to-landfill at
all factories and 30% water recycled by 2025 and 100% renewable
electricity for its direct operations by 2030.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
March 09, 2021 10:35 ET (15:35 GMT)
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