Forbes includes Philip Morris International in Net Zero Leaders list

Philip Morris International (PMI) has been included in Forbes’ 2026 Net Zero Leaders list for the fourth consecutive year, reflecting the company’s progress toward achieving net zero carbon emissions goals.

PMI ranked fourth overall and first in the fast-moving consumer goods (FMCG) category, becoming the only FMCG company to make the top 10.

The Forbes ranking evaluates U.S.-listed companies based on measurable performance in governance, risk management, strategy, decarbonization metrics and financial resilience.

PMI said it remains committed to reaching net zero emissions by 2040 under its Climate Transition Plan published in 2025, despite most companies targeting 2050.

“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,” said Igor Nikonenko, director of Philip Morris Azerbaijan.

He said PMI’s operations in Azerbaijan are focused on accelerating the transition to smoke-free alternatives through the responsible commercialization of innovative products.

Over the past year, PMI launched its “Value Plan 2030+”, updated its Climate Transition Plan and continued progress toward science-based decarbonization targets validated by the Science Based Targets initiative.

According to the company, smoke-free products are available in more than 105 markets and were used by more than 43 million adult consumers worldwide as of the end of 2025. Smoke-free products accounted for 43% of PMI’s total net revenues in the first quarter of 2026.

PMI said it has invested more than $16 billion since 2008 in the development and commercialization of smoke-free products.

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