Green
Philip Morris to Court ESG Investors Whose Mantra Is Shunning It
- Company lays groundwork to issue debt tied to smoke-free goals
- Marlboro maker outlines funding plan amid Vectura takeover
This article is for subscribers only.
A tobacco giant, the very kind of company that socially conscious investors shun, now wants in on the booming action in sustainable finance.
Philip Morris International Inc. on Friday laid the groundwork for issuing debt with an embedded promise to wean itself off cigarette sales.