Observer Report London/Islamabad
BAT has been named as the third highest ESG-rated FTSE-100 company by Refinitiv, a global provider of financial market data and a subsidiary of London Stock Exchange Group.
BAT achieved an ESG score of 91 out of 100 and is the highest-rated business in the food and tobacco sector globally.
This top-three ranking is the latest of several ESG-related accolades for BAT.
Last year they received more than 200 awards, including being the only company in tobacco industry to feature in the prestigious Dow Jones Sustainability Indices’ World Index, which represents the global top 10% of ESG performers.
In March this year, BAT announced it would set the bar even higher, adding new environmental targets including Carbon neutrality across value chain by 2050, 100% renewable electricity by 2030, 100% of all manufacturing sites certified by Alliance for Water Stewardship by 2025 and 100% of all manufacturing sites to have zero waste to landfill by 2025.