BAT ranked in top three FTSE 100 ESG performers
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BAT named as third-highest rated ESG performer in FTSE-100
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Company has been on a transformation journey to A Better Tomorrow™ putting sustainability front and centre
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In 2020 BAT won over 200 awards and is the only company in its industry in the prestigious Dow Jones Sustainability World Index
BAT has been named as the third highest ESG-rated FTSE-100 company by Refinitiv, a global provider of financial market data and a subsidiary of London Stock Exchange Group. BAT achieved an ESG score of 91 out of 100 and is the highest-rated business in the food and tobacco sector globally.
This top-three ranking is the latest of several ESG-related accolades for BAT. In 2020 the company won over 200 awards and for 2021 is already ranked as:
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Gold Class in S&P Global’s Sustainability Yearbook, putting it among the best-performing companies in managing ESG metrics
- The highest rating in Institutional Shareholder Services’ (ISS) Social Disclosures Quality Score, which identifies best-in-class sustainability disclosure practices.
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A ‘BBB’ rating in the most recent MSCI ESG Ratings, which helps investors identify and understand financially material ESG portfolio risks.
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A CDP Climate A List and Supplier Engagement Leader board member, both for the second year in a row, recognising its actions to tackle climate change.
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A Global Top Employer by Top Employers Institute for the fourth consecutive year.
In March this year, BAT announced it would set the bar even higher, adding new environmental targets including:
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Carbon neutrality across the value chain by 2050
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100% renewable electricity by 2030
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100% of all manufacturing sites certified by the Alliance for Water Stewardship (AWS) by 2025
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100% of all manufacturing sites to have zero waste to landfill by 2025
Said Javier Alvarez Ballespin, Country Manager, BAT Belux - “Winning more than 200 awards in 2020 was an exceptional recognition of our achievements and shows we are on track to build the sustainable enterprise of the future. We’re delighted to be ranked as one of the FTSE-100 top three ESG performers as continued proof of this. In 2020, we committed to ambitious new ESG targets to deliver A Better Tomorrow for consumers, society and for our investors, and we’re well on track to achieve them.”
In March 2021, BAT published its annual ESG report demonstrating significant progress against its targets, including:
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Increasing consumers of non-combustible products by 3 million to 13.5 million at year end 2020
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Increasing New Categories revenue by 15% in 2020 versus 2019
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Increasing renewable energy to 26% - a 10% increase from last year, and a greater than 30% reduction in overall carbon emissions since 2019
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Reducing water withdrawn by nearly 11% since 2019
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Holding more than 38,000 human rights training sessions, with more than 390,000 attendances across its supply chain, and
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Reaching 38% of female representation in management roles.
Notes to Editor
About BAT
BAT is a leading, multi-category consumer goods business, established in 1902. Our purpose is to build A Better Tomorrow™ by reducing the health impact of our business which entails:
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Committing to providing adult consumers with a wide range of enjoyable and less risky products
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Continuing to be clear that combustible cigarettes pose serious health risks, and the only way to avoid these risks is not to start or to quit
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Encouraging those who otherwise continue to smoke, to switch completely to scientifically-substantiated, reduced-risk alternatives*
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Tracking and sharing progress of our transformation
The company has announced a target of increasing the number of its non-combustible product consumers to 50 million by 2030; and to achieve at least £5 billion in New Categories revenues in 2025.
* Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk free and are addictive.