Philip Morris International

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Philip Morris International (PMI) is a multinational cigarette and tobacco manufacturing company headquartered in New York City. It is one of the largest tobacco producers in the world with its products sold in over 180 markets. PMI was originally founded in 1847 in London, England by Philip Morris, but it was acquired by the Altria Group in 2008 and became a separate company.
Today, PMI is focused on developing and marketing reduced-risk products (RRPs) as it works towards a smoke-free future. This includes heated tobacco products (IQOS) and e-cigarettes. However, PMI still sells and markets traditional cigarettes, which generate the majority of its revenue.
PMI is committed to responsible and sustainable practices, and has implemented various initiatives across its business to reduce its environmental impact, promote ethical and transparent business practices, and support communities where it operates. It has also pledged to invest over $1 billion in R&D for RRPs, and has obtained multiple patents for its innovations in this area.
PMI employs over 77,000 people globally and strives to maintain diversity and inclusion within its workforce. The company has also been recognized for its workplace policies, including paid parental leave and flexible work arrangements.
In recent years, PMI has faced increasing regulation and lawsuits related to the health effects of its products. The company continues to work towards a smoke-free future and collaborate with governments and public health organizations to address tobacco-related issues.
In addition to its tobacco business, PMI has also expanded into the cannabis industry through its investment in Canadian cannabis company, Cronos Group. This venture aligns with their goal of providing consumers with a range of smoke-free alternatives.
Overall, PMI is a major player in the tobacco industry and is actively investing in alternative products to reduce the harmful effects of traditional cigarettes.

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See Company Q&A