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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
British American Tobacco Plc | LSE:BATS | London | Ordinary Share | GB0002875804 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
22.00 | 0.94% | 2,371.00 | 2,369.00 | 2,371.00 | 2,377.00 | 2,351.00 | 2,358.00 | 4,846,270 | 16:29:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Cigarettes | 27.72B | -14.37B | -6.4241 | -3.69 | 53.03B |
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
March 09, 2021 10:35 ET (15:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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