BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED 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
03-09-21 1035ET
