DOCSLIB.ORG

Investing in a Sustainable Future for Our Business and Society Introduction

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investing in a Sustainable Future for Our Business and Society Introduction Value Sustainability Summary 2014 shared Investing in a sustainable future for our business and society Introduction The concept of shared value underpins our whole approach to sustainability. It is about investing in the future for our business and society. Sustainability is not a choice or something The receipt of the relevant licences from that is ‘nice to have’ – it is crucial to the UK medicines regulator for Voke, securing the future of our company and for our new nicotine inhalation product, is creating shared value for our consumers, another big step towards making available our shareholders and our stakeholders. a range of products across the risk continuum, enabling consumers to choose It is not a recent priority either – as a major the ones that are right for them. international business in a controversial sector, we have long been aware of our Yet we still have a long way to go, and responsibilities and our ability to address as much as our business has changed so issues on a global scale. has the world around us – from evolving consumer demands and emerging Indeed, in our long history of focusing on opportunities in a new generation of sustainability and corporate responsibility, products, to increasing expectations of we have made significant progress – our the role of business in society. strong market performance is delivering value for our shareholders, while we So we have now sharpened our have also embedded more effective approach further with the development sustainability practices into our day- of a new sustainability agenda, focused to-day business. These have included on the most material issues for our strengthening our approach to human business and our stakeholders in three rights, advancing sustainable agricultural key areas: harm reduction, sustainable practices among our farmers, developing agriculture and farmer livelihoods, and industry-wide security systems for our corporate behaviour. supply chain that help prevent tobacco These are not only where we face some trafficking, and achieving a 45% reduction of our biggest challenges, but also where in CO e emissions from baseline. 2 I see the greatest opportunities. As a result, we have achieved inclusion in Developing and promoting less risky the Dow Jones Sustainability Index for the products, supporting farmers’ livelihoods last 13 years, 12 of them as industry leader. and operating to the highest standards Given the serious health risks associated of corporate conduct and transparency with smoking, I am particularly proud are all absolutely the right thing to do. of the progress we have made in harm They can add value to society, as well as reduction. In just a few years, our helping to ensure we deliver our Group aspirations for this important area are strategy and BAT continues to grow and becoming a reality, with less risky nicotine thrive in the long term.” products now on the market in the UK, plans to launch in further markets and a strong pipeline of innovations for the future. Nicandro Durante, Chief Executive British American Tobacco March 2015 ILITY S SIB TRE ON NG SP TH E R F A strategic approach R H GROWTH O G M U O D R IV H MED CO E Through a detailed materiality process, T R N FO SU R IN M S M E I N R T O Y including stakeholder dialogue and IO C D P H E O E M I R A C research, we have identified the three key F H WORLD’S BEST E C AT SATISFYING areas that have the greatest significance P CONSUMER R D Y Y MOMENTS IN T O E I to our business and our stakeholders. T www.bat.com D L L I TOBACCO E I V I U B E AND BEYOND C C A R O These form our new sustainability agenda /materiality T I S N I N I V G O A E I T T N T O as covered in this Report. Y U S S T R T U E C EN S R OMMITM D P E R D I W N S IN IO IN IN NI AT G NG ORGANIS M S N P PE IR O IT Independent assurance Harm reduction p04 Sustainable agriculture p08 Ernst & Young LLP has been We are committed to researching, and farmer livelihoods engaged by British American developing and promoting a range We are committed to working to Tobacco to provide limited external of innovative tobacco and nicotine enable prosperous livelihoods for all assurance of this Report, as well products to enable adult consumers farmers who supply our tobacco leaf, as all performance information to have a choice of less risky benefiting rural communities and published at www.bat.com/ alternatives to regular cigarettes. the environment. sustainability/data. Read the full statement, including the scope of work and conclusions, and BAT’s response at Our other business priorities www.bat.com/assurance We continue to focus on other key business priorities, including retailer relationships, diversity, employee engagement, governance and stakeholder engagement. These are covered in our Annual Report and online at Get in touch www.bat.com/sustainability Simon Cleverly, Susan Jones and Verity Lawson British American Tobacco Corporate behaviour p12 Globe House, 4 Temple Place We are committed to operating to London WC2R 2PG the highest standards of corporate [email protected] conduct and transparency, benefiting +44 (0)20 7845 1000 governments, consumers, the environment and our people. www.bat.com/sustainability 01 British American Tobacco Creating shared value More than £480 million Over 100 papers on our We invest significant sums invested in R&D into research published in each year, and employ innovative tobacco and peer-reviewed journals hundreds of scientists in nicotine products over over the last five years many disciplines, in the last three years researching less risky tobacco Research and nicotine products Supply chain More than £65 million invested each year and over 1,000 BAT leaf technicians directly supporting our farmers Over 100,000 contracted farmers worldwide, mainly in countries in Africa, Asia and Latin America As a major international tobacco Over 170 million trees company, we are planted in the last seven years committed to addressing Over 400,000 tonnes of leaf the negative impacts purchased each year from contracted farmers and third of our business... party suppliers worldwide Over 70,000 non-leaf suppliers in more than 80 countries More than £30 million invested each year in environment, health and safety 24% reduction 45% reduction in 44 factories in water use CO2e emissions in 41 countries Production from 2007 baseline from 2000 baseline 02 Sustainability Summary 2014 British American Tobacco Marketing and consumers More than £50 million invested each year in fighting tobacco trafficking Over 2 million retailers reached by our youth smoking prevention activities Over 200 brands and 667 billion cigarettes sold in 2014 1st tobacco company to have a nicotine product licensed as a medicine 1st international tobacco company to launch an e-cigarette ...while continuing to work on areas where we can create shared value for our business and society Communities and economies More than £60 million Around £30 billion Over 57,000 Over £2.3 billion invested in community paid to governments employees paid to employees projects over the last each year in excise worldwide each year in wages five years and other taxes and benefits www.bat.com/sustainability 03 British American Tobacco Harm reduction ‘ I want a choice of less We are committed to risky products’ researching, developing and promoting a range of innovative tobacco and nicotine products to enable adult consumers to have a choice of less risky alternatives to regular cigarettes. Our approach Investing in world-class research, being transparent about our science and actively contributing to the evidence-base for evaluating the risk profile of different products. Developing a next generation of less risky products, including e-cigarettes, medicinal nicotine inhalers and tobacco heating products. Promoting regulation that has high consumer safety and product quality standards, while encouraging innovation, growth and availability. Responsible marketing of our products to existing adult smokers or consumers of other nicotine products. 04 Sustainability Summary 2014 British American Tobacco External viewpoint Transparent and Health effects of long-term EC [e-cigarette] use are world-class science currently not known and a degree of risk may yet emerge. However, based on the data available regarding the We understand that some people are sceptical about research conducted and toxicant content of EC [e-cigarette] liquid and aerosol, long- funded by the tobacco industry. That is term use of EC [e-cigarettes], compared to smoking, is likely why being transparent about our science to be much less, if at all, harmful to users or bystanders. is central to our approach. E-cigarette research study1 We invest significant sums each year, and employ hundreds of scientists in many disciplines, in A pragmatic public researching less risky tobacco and nicotine products. health policy The idea of harm reduction is well- We understand that this is a contentious We follow high standards established within public health. It topic. However, there is a growing weight and codes of conduct for is about minimising the impact of of peer-reviewed, independent evidence scientific collaborations and an activity that people know is risky, that suggests e-cigarettes are substantially funding and, in 2014, we but without necessarily stopping it less risky than conventional ones and that openly published them at completely. they can help people to reduce or quit www.bat-science.com/ smoking. On the other hand, there is Tobacco harm reduction is about standards. currently little evidence that they are providing a choice of viable, less risky a gateway into smoking.1,3 alternatives for the millions of smokers who find it difficult to, or do not wish We do agree that more research is We publish details of our to, stop using nicotine.
Load more

Recommended publications
  • Annual Report and Accounts 2019
    IMPERIAL BRANDS PLC BRANDS IMPERIAL ANNUAL REPORT AND ACCOUNTS 2019 ACCOUNTS AND REPORT ANNUAL ANNUAL REPORT AND ACCOUNTS 2019 OUR PURPOSE WE CAN I OWN Our purpose is to create something Everything See it, seize it, is possible, make it happen better for the world’s smokers with together we win our portfolio of high quality next generation and tobacco products. In doing so we are transforming WE SURPRISE I AM our business and strengthening New thinking, My contribution new actions, counts, think free, our sustainability and value creation. exceed what’s speak free, act possible with integrity OUR VALUES Our values express who we are and WE ENJOY I ENGAGE capture the behaviours we expect Thrive on Listen, challenge, share, make from everyone who works for us. make it fun connections The following table constitutes our Non-Financial Information Statement in compliance with Sections 414CA and 414CB of the Companies Act 2006. The information listed is incorporated by cross-reference. Additional Non-Financial Information is also available on our website www.imperialbrands.com. Policies and standards which Information necessary to understand our business Page Reporting requirement govern our approach1 and its impact, policy due diligence and outcomes reference Environmental matters • Occupational health, safety and Environmental targets 21 environmental policy and framework • Sustainable tobacco programme International management systems 21 Climate and energy 21 Reducing waste 19 Sustainable tobacco supply 20 Supporting wood sustainability
    [Show full text]
  • British American Tobacco's Submission to the WHO's
    British American Tobacco’s submission to the WHO’s Framework Convention on Tobacco Control This is the submission of the British American Tobacco group of companies commenting on the WHO’s Framework Convention on Tobacco Control. We are the world’s most international tobacco group with an active presence in 180 countries. Our companies sell some of the world’s best known brands including Dunhill, Kent, State Express 555, Lucky Strike, Benson & Hedges, Rothmans and Pall Mall. Executive summary • The WHO’s proposed ‘Framework Convention on Tobacco Control’ is fundamentally flawed and will not achieve its objectives. • The tobacco industry, along with other industries involved in the manufacture and distribution of legal but risky products, is the subject of considerable public attention. It is important that the debate about tobacco remains open, objective, constructive and free from opportunistic criticism if we are effectively to address the real issues associated with tobacco. • British American Tobacco is responsible tobacco. We seek to operate in partnership with governments, who are significant stakeholders in our business, and other interested parties, based on our open acknowledgement that we make a risky product and therefore support sensible regulation. • British American Tobacco shares the World Health Organisation’s desire to reduce the health impact of tobacco use. This paper outlines British American Tobacco’s proposal for the sensible regulation of tobacco. • Our proposal will relieve the WHO of the cost and bureaucracy involved in its wish to become a single global tobacco regulator, leaving it free to do what it should be doing – policy orientation. Some facts about tobacco • Today over one billion adults, about one third of the world’s adult population, choose to smoke.
    [Show full text]
  • Companies Subject to Exclusion
    Opdateret 01-08-2021 Vellivs Ekslusionsliste Velliv ønsker ikke at investere i selskaber, som bryder med Vellivs ESG-kriterier fastlagt i politikken for ansvarlig investering og aktivt ejerskab og som ikke udviser forandringsvilje i forhold til deres håndtering af ESG-risici. Endelig ønsker Velliv ikke at investere i tobaksselselskaber, selskaber med aktivteter i kontroversielle våben eller selskaber, hvor mere end 5 pct. af omsætningen stammer fra udvinding af kul og oliesand. Selsakb Kommentar 22nd Century Group, Inc. Tobacco AECOM Contr.Weapons Aerojet Rocketdyne Holdings, Inc. Contr.Weapons Aerojet Rocketdyne, Inc. Contr.Weapons Aeroteh SA Contr.Weapons Airbus SE Contr.Weapons Al-Eqbal Co. for Investment Plc Tobacco ALLETE, Inc. Kul Alliance Holdings GP LP Coal Alliance Resource Operating Partners LP Coal Alliance Resource Partners LP Coal Alpha Metallurgical Resources, Inc Coal Alpha Natural Resources Inc Coal Altadis Emisiones Financieras SA Tobacco Altadis SA Tobacco AltaGas Ltd. Gas/ESG Altius Minerals Corporation Coal Altria Group, Inc. Tobacco Anglo American plc Kul Anglo Pacific Group plc Coal Arch Resources, Inc. Coal Arcis Resources Corp. Tobacco Aryt Industries Ltd. Contr.Weapons Asenovgrad Tabac AD Tobacco Ashtrom Group Ltd. Normviolation>human rights Athabasca Oil Corporation Oilsand Avco Corp. Contr.Weapons B.A.T. Capital Corp. Tobacco B.A.T. Finance BV Tobacco B.A.T. International Finance Plc Tobacco Babcock International Group plc Contr.Weapons BADECO ADRIA dd Tobacco BAE Systems (Finance) Ltd. Contr.Weapons BAE Systems plc Contr.Weapons Bat Brasil Tobacco Bathurst Resources Limited Coal Baytex Energy (LP) Ltd. Oilsand Baytex Energy Corp. Oilsand Bellatora, Inc. Tobacco BHP Group Limited Kul BHP Group Plc Kul BlackPearl Resources, Inc.
    [Show full text]
  • Annual Report 2013
    Annual Report 2013 “ Being active and having a positive outlook on life is what keeps me going every day.” Overview of 2013 “ Our performance in 2013 was defined by remarkable &R D output and further delivery of sustained financial performance for our shareholders.” Please go to page 4 for more More at gsk.com Performance highlights £26.5bn £8.0bn £7.0bn £5.2bn Group turnover Core* operating profit Total operating profit Returned to shareholders 6 112.2p 112.5p 13% Major medicines approved Core* earnings per share Total earnings per share Estimated return on R&D investment 10 6 1st 1st Potential phase III study starts in 2014/15 Potential medicines with phase III data in Access to Medicines Index Pharmaceutical company to sign AllTrials expected 2014/15 campaign for research transparency Front cover story Betty, aged 65, (pictured) has Chronic “ Health is important to me, Obstructive Pulmonary Disease (COPD). She only has 25% lung capacity. This means I try to take care of my she finds even everyday tasks difficult, but medicines and inhaled oxygen allow her to health with all the tools live as normal a life as she can. Betty’s mindset I have and do the best is to stay busy and active, so every week she goes to rehab exercise classes. that I can with it.” COPD is a disease of the lungs that leads to Betty, COPD patient, damaged airways, causing them to become North Carolina, USA narrower and making it harder for air to get in and out. 210 million people around the world are estimated to have COPD.
    [Show full text]
  • BAT INTERNATIONAL FINANCE Plc
    BASE PROSPECTUS B.A.T. INTERNATIONAL FINANCE p.l.c. (incorporated with limited liability in England and Wales) BRITISH AMERICAN TOBACCO HOLDINGS (THE NETHERLANDS) B.V. (incorporated with limited liability in The Netherlands) B.A.T. NETHERLANDS FINANCE B.V. (incorporated with limited liability in The Netherlands) B.A.T CAPITAL CORPORATION (incorporated with limited liability in the State of Delaware, United States of America) £25,000,000,000 Euro Medium Term Note Programme unconditionally and irrevocably guaranteed by BRITISH AMERICAN TOBACCO p.l.c. (incorporated with limited liability in England and Wales) and each of the Issuers (except where it is the relevant Issuer) On 6 July 1998, each of B.A.T. International Finance p.l.c. (“BATIF”), B.A.T Capital Corporation (“BATCAP”) and B.A.T Finance B.V. (“BATFIN”) entered into a Euro Medium Term Note Programme (the “Programme”) for the issue of Euro Medium Term Notes (the “Notes”). On 16 April 2003, British American Tobacco Holdings (The Netherlands) B.V. (“BATHTN”) acceded to the Programme as an issuer and, where relevant, a guarantor and BATFIN was removed as an issuer and a guarantor under the Programme. On 9 December 2011, BATCAP was removed as an issuer and a guarantor under the Programme. On 16 May 2014, B.A.T. Netherlands Finance B.V. (“BATNF”) acceded to the Programme as an issuer and, where relevant, a guarantor. On 31 May 2017, BATCAP acceded to the Programme as an issuer and, where relevant, a guarantor. BATIF, BATHTN, BATNF and BATCAP are each, in their capacities as issuers under the Programme, an “Issuer” and together referred to as the “Issuers”.
    [Show full text]
  • Imperial-Ham-La:Layout 1
    CMAJ Special report Destroyed documents: uncovering the science that Imperial Tobacco Canada sought to conceal David Hammond MSc PhD, Michael Chaiton MSc, Alex Lee BSc, Neil Collishaw MA Previously published at www.cmaj.ca Abstract provided a wealth of information about the conduct of the tobacco industry, the health effects of smoking and the role Background: In 1992, British American Tobacco had its of cigarette design in promoting addiction.2 Canadian affiliate, Imperial Tobacco Canada, destroy inter- A number of the most sensitive documents were concealed nal research documents that could expose the company to or destroyed before the trial as the threat of litigation grew.3,4 liability or embarrassment. Sixty of these destroyed docu- Based on advice from their lawyers, companies such as ments were subsequently uncovered in British American British American Tobacco instituted a policy of document Tobacco’s files. destruction.5 A.G. Thomas, the head of Group Security at Methods: Legal counsel for Imperial Tobacco Canada pro- British American Tobacco, explained the criteria for selecting vided a list of 60 destroyed documents to British American reports for destruction: “In determining whether a redundant Tobacco. Information in this list was used to search for document contains sensitive information, holders should copies of the documents in British American Tobacco files released through court disclosure. We reviewed and sum- apply the rule of thumb of whether the contents would harm marized this information. or embarrass the Company or an individual if they were to be made public.”6 Results: Imperial Tobacco destroyed documents that British American Tobacco’s destruction policy was most included evidence from scientific reviews prepared by rigorously pursued by its subsidiaries in the United States, British American Tobacco’s researchers, as well as 47 ori - gin al research studies, 35 of which examined the biological Canada and Australia, likely because of the imminent threat activity and carcinogenicity of tobacco smoke.
    [Show full text]
  • International Marketing Principles
    British American Tobacco’s International Marketing Principles At British American Tobacco we believe in upholding high standards of corporate behaviour. We agree that the tobacco industry should be regulated, but we also think we should be able to communicate in a responsible way with adult tobacco consumers about our products, in order to grow market share. British American Tobacco’s International The Marketing Principles apply to the Marketing Principles provide a consistent marketing of all British American and responsible approach to marketing Tobacco’s combustible tobacco across the Group. They replace the products. International Marketing Standards which were launched in 2001 and updated in 2007. The Marketing Principles are our minimum The new Marketing Principles ensure our standard and will be applied even when they approach reflects developments in are stricter than local laws. However, if local marketing, technology and changing laws or other voluntary codes in markets are regulations and stakeholder expectations. stricter than or override our Marketing Principles, then we will abide by those laws The Marketing Principles comprise four core or voluntary codes. principles which we believe are at the heart of responsible tobacco marketing. The We will monitor and audit our performance rationale for each principle is explained and against the Marketing Principles and report illustrated by a set of core standards which our findings in the Group’s Sustainability show how they should be applied in our Report. The appendix at the end of this communications with consumers. document contains more information about the governance of the Marketing Principles. The Marketing Principles outline what all our Group Companies must consider when We expect all Group companies and anyone planning their tobacco marketing activities working on our behalf to adopt these but they do not offer standards for every Marketing Principles and seek to apply them activity.
    [Show full text]
  • Annex 1: Parker Review Survey Results As at 2 November 2020
    Annex 1: Parker Review survey results as at 2 November 2020 The data included in this table is a representation of the survey results as at 2 November 2020, which were self-declared by the FTSE 100 companies. As at March 2021, a further seven FTSE 100 companies have appointed directors from a minority ethnic group, effective in the early months of this year. These companies have been identified through an * in the table below. 3 3 4 4 2 2 Company Company 1 1 (source: BoardEx) Met Not Met Did Not Submit Data Respond Not Did Met Not Met Did Not Submit Data Respond Not Did 1 Admiral Group PLC a 27 Hargreaves Lansdown PLC a 2 Anglo American PLC a 28 Hikma Pharmaceuticals PLC a 3 Antofagasta PLC a 29 HSBC Holdings PLC a InterContinental Hotels 30 a 4 AstraZeneca PLC a Group PLC 5 Avast PLC a 31 Intermediate Capital Group PLC a 6 Aveva PLC a 32 Intertek Group PLC a 7 B&M European Value Retail S.A. a 33 J Sainsbury PLC a 8 Barclays PLC a 34 Johnson Matthey PLC a 9 Barratt Developments PLC a 35 Kingfisher PLC a 10 Berkeley Group Holdings PLC a 36 Legal & General Group PLC a 11 BHP Group PLC a 37 Lloyds Banking Group PLC a 12 BP PLC a 38 Melrose Industries PLC a 13 British American Tobacco PLC a 39 Mondi PLC a 14 British Land Company PLC a 40 National Grid PLC a 15 BT Group PLC a 41 NatWest Group PLC a 16 Bunzl PLC a 42 Ocado Group PLC a 17 Burberry Group PLC a 43 Pearson PLC a 18 Coca-Cola HBC AG a 44 Pennon Group PLC a 19 Compass Group PLC a 45 Phoenix Group Holdings PLC a 20 Diageo PLC a 46 Polymetal International PLC a 21 Experian PLC a 47
    [Show full text]
  • Imperial Tobacco Canada Limited and Imperial Tobacco Company Limited
    Court File No. CV-19-616077-00CL Imperial Tobacco Canada Limited and Imperial Tobacco Company Limited PRE-FILING REPORT OF THE PROPOSED MONITOR March 12, 2019 TABLE OF CONTENTS GENERAL .....................................................................................................................................1 INTRODUCTION ............................................................................................................................1 BACKGROUND ..............................................................................................................................6 FORUM .........................................................................................................................................14 ACCOMMODATION AGREEMENT ................................................................................................15 THE TOBACCO CLAIMANT REPRESENTATIVE .............................................................................17 IMPERIAL’S CASH FLOW FORECAST ..........................................................................................18 COURT-ORDERED CHARGES .......................................................................................................20 CHAPTER 15 PROCEEDINGS ........................................................................................................23 RELIEF SOUGHT ...........................................................................................................................24 CONCLUSION ...............................................................................................................................25
    [Show full text]
  • A FOCUS on HARM REDUCTION Why It
    A FOCUS ON HARM REDUCTION Why it mattersSUSTAINABILITY FOCUS REPORT 2013: How we address the public health impact of our products A nicotine molecule In this report Focusing on the facts 2 At the core of our business strategy 3 Innovative nicotine products 4 ‘Safer’ tobacco products: the research 7 So, what’s next? 9 Our Chief Executive on why it matters b British American Tobacco Harm reduction: sustainability focus report 2013 Because it’s crucial to the future of our business. Surely tobacco harm reduction should just be about What areas are you concentrating on? getting people to quit smoking? Our approach to harm reduction has two distinct areas: The only way to be certain of avoiding the serious health risks nicotine-based alternatives and reduced-risk tobacco products. associated with smoking is not to smoke at all. However, despite In the nicotine category, we have established a stand-alone increasingly strict tobacco control policies, many people continue business solely dedicated to this area. This brings together our to smoke. And the World Health Organisation estimates that existing Nicoventures business with CN Creative, the e-cigarette 1 many more will do so in the future . So realistically the ‘quit or die’ company we acquired at the end of last year, into a single business approach to reducing the public health impact of smoking simply which will continue to operate under the Nicoventures name. isn’t enough. This business has already launched its first e-cigarette in the UK, For adults that choose to continue to smoke, tobacco harm which will be expanded into further markets in the coming year.
    [Show full text]
  • HARM REDUCTION the Opportunity
    HARM REDUCTION The opportunity Sustainability Focus Report 2014 CLICK TO READ 1 HARM REDUCTION A NEW WAY 8 FORWARD? 2 STEP INSIDE: WHAT IS HARM VIDEO TOUR OF REDUCTION? OUR R&D LABS HARM WHAT THE TRANSPARENCY INDEPENDENT AND REDUCTION EVIDENCE 7 WORLD-CLASS 3 TELLS US SCIENCE The opportunity TO OPEN ADDITIONAL OUR PREFERRED INFORMATION, click on APPROACH TO NEW PRODUCTS any blue plus sign. REGULATING SAFER CHOICES? NICOTINE PRODUCTS A PRAGMATIC PUBLIC HEALTH 4 6 POLICY INDEPENDENT ASSURANCE TO CLOSE ADDITIONAL INFORMATION, click on GET IN the yellow cross sign. 5 TOUCH HARM REDUCTION? A NEW WAY FORWARD OUR CHIEF EXECUTIVE This is an exciting time to be leading British American Tobacco. We have a new Group vision to satisfy consumer moments in tobacco and beyond, and an enhanced strategy with sustainability as one of its key pillars. This reflects our commitment to building shared value for our shareholders and for society. Harm reduction is crucial to achieving this vision: offering less risky tobacco and nicotine products helps to meet consumer demand, and so makes genuine commercial sense, while also being the right thing to do. This is not new to BAT – harm reduction has been a strategic focus for us for a long time. But it’s only relatively recently that we’ve seen the emergence of a whole new generation of alternative products – with both the rise of e-cigarettes and the potential for innovative tobacco heating devices. We think these products can have the greatest consumer appeal and, therefore, could significantly help in reducing smoking-related disease.
    [Show full text]
  • British American Tobacco Plc (BATS:LN)
    British American Tobacco Plc (BATS:LN) Consumer Staples/Tobacco Price: 2,670.50 GBX Report Date: September 23, 2021 Business Description and Key Statistics British American Tobacco is a holding company. Through its Current YTY % Chg subsidiaries, Co. is a multi-category consumer goods company that provides tobacco and nicotine products to consumers around the Revenue LFY (M) 25,776 -0.4 world. Co.'s non-combustible portfolio includes: Vuse and Vype, EPS Diluted LFY 2.79 12.0 glo™, Velo, and Grizzly and Camel Snus. Co.'s combustible portfolio includes: Newport, Natural American Spirit, Camel, Pall Market Value (M) 61,106 Mall, Lucky Strike, Kent, Dunhill Tobacco, and Rothmans. Co. also has a portfolio of international and local brands. These combustible Shares Outstanding LFY (000) 2,288,191 brands include Vogue, Viceroy, 555, Benson and Hedges, Peter Book Value Per Share 27.39 Stuyvesant, Double Happiness, Kool, and Craven A, while oral brands include Granit, Mocca, and Kodiak. EBITDA Margin % 44.30 Net Margin % 24.8 Website: www.bat.com Long-Term Debt / Capital % 36.5 ICB Industry: Consumer Staples Dividends and Yield TTM 2.16 - 7.93% ICB Subsector: Tobacco Payout Ratio TTM % 75.4 Address: Globe House;4 Temple Place London 60-Day Average Volume (000) 2,914 GBR 52-Week High & Low 2,924.00 - 2,448.00 Employees: 89,182 Price / 52-Week High & Low 0.91 - 1.09 Price, Moving Averages & Volume 3,017.2 3,017.2 British American Tobacco Plc is currently trading at 2,670.50 which is 1.1% below its 50 day 2,942.7 2,942.7 moving average price of 2,701.17 and 2.6% below its 2,868.1 2,868.1 200 day moving average price of 2,740.94.
    [Show full text]