Why climate justice matters more than ever before—and what companies should do about it

Where business meets climate justice

As a multinational business with a global footprint, Philip Morris International (PMI) understands that climate change is not only impacting the environment, but also people's socioeconomic well-being.

There are various ways through which businesses can better assess their impact on society, and the impacts climate change can have on their continuity. Besides following the principles of double materiality in understanding ESG risks, a more in-depth analysis, through human rights impact assessments, businesses can examine in greater detail the holistic vulnerabilities of stakeholder groups to climate change.

Businesses must work hard to strengthen their resilience to climate risks, implementing adaptation and mitigation measures across value chains, in addition to developing and making use of emissions removals, including nature-based and innovative technological carbon sequestration projects.