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BATS British American Tobacco Plc

2,371.00
22.00 (0.94%)
02 May 2024 - Closed
Delayed by 15 minutes
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

British American Tobacco Pledges Carbon-Neutral Products by 2050

09/03/2021 3:50pm

Dow Jones News


British American Tobacco (LSE:BATS)
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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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