| Jacek
Olczak, CEO of Philip Morris International (PMI), is confident that the
company's shift from cigarettes to less harmful alternatives will make
it an ESG stock. The chief has seen some investors tentatively returning to PMI's investor relations team. - By
2025, PMI wants to generate half of its revenue from low-risk products
thanks to the popularity of its IQOS heated tobacco stick.
- It is unlikely that PMI's independent goal of generating $1B in yearly earnings from healthcare and wellness products by 2025.
- The asset management industry's fastest-growing sector is ESG investing, yet the definition of ESG is continually developing.
- Olczak admits that factors, such as child labor in the supply chains for tobacco products, hurt PMI's ESG rating.
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