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Imperial Brands 
Industry & manufacturing / Tobacco and Vaping Products
Risks
1. Tobacco Products: Imperial Brands produces and sells a variety of tobacco products, all of which carry a certain degree of risk with regards to health. There is a high risk of lung cancer, heart disease, respiratory conditions, and other diseases related to smoking.
2. Regulatory Environment: Due to the ever-changing regulatory and political environment, there is a risk that laws or regulations imposed by governments can negatively impact the company's sales and profitability.
3. Litigation: Imperial Brands is exposed to the risk of litigation concerning the sale and advertising of its products.
4. Supply Chain: Imperial Brands is reliant on a number of suppliers for key raw materials needed to produce its products. If the company's supply chain is disrupted, this could negatively impact the availability and/or quality of the products.