Categories: Uncategorized

Philip Morris International Inc. (PMI)’s India affiliate expands its Sustainable Logistics Network

Adoption of energy efficiency practices has led to 684 tonnes of CO2 reduction

NEW DELHI, Dec. 18, 2024 /PRNewswire/ — Reinforcing its commitment to sustainable logistics, Philip Morris International’s (PMI) affiliate, IPM India, has adopted energy efficiency practices for optimization of a sustainable logistics network. Over the last year, the organization’s initiatives have helped introduce EV & CNG vehicles and shifted 70% of its sourcing for various non-tobacco materials from air freight to either sea or land, resulting in 684 tonnes of CO2 reduction by FY 2025.

To reduce greenhouse gas emissions, the organization is gradually switching to environmentfriendly fuels, like CNG & EVs, for its logistics fleet. Introduced in Delhi-NCR and Mumbai, these vehicles have saved more than 30 tonnes of CO2. In line with the organisation’s long-term sustainability goals and the core objective of reducing carbon emissions — changing in sourcing & switching from air freight to sea & land routes has helped the organization stay on track to reduce 654 tonnes of CO2 by March’25.

Commenting on the expansion, Navaneel Kar, Managing Director, IPM India, said, “Sustainability and business performance are fully interrelated and mutually reinforcing. The expansion of a sustainable logistics network aligns with our core values. We take immense pride in serving as an agent of change and advocate of positive values. Sustainability is more than just a means to minimize negative externalities and mitigate risks while maximizing operational efficiency and resource optimization. As an organization, we see this as a fundamental opportunity for innovation, growth, and purpose-led, impact-driven, long-term value creation. Accordingly, we work hard to integrate it into every aspect of our business. With each new carbon-neutral initiative, we move a step closer to realizing our goal — to transition toward a carbon-neutral model.”

- Advertisement -

Divya Vanshika, Head of Operations, IPM India, said, “We firmly believe that investing in a sustainable logistics network will have a positive impact on both the long-term resilience of our business and the well-being of society. The Indian government is focusing on sustainability to drive economic growth while protecting the environment. Aligned with the government’s focus, with each initiative, IPM India aims to create a sustainable logistics network and support India’s journey towards achieving a carbon-neutral environment.”

About IPM India Wholesale Trading Private Limited

IPM India Wholesale Trading Private Limited is a joint venture between Philip Morris Brands Sarl of Switzerland and two Indian partners, Godfrey Phillips India Limited (GPI) and K.K. Modi Investment & Financial Services Private Limited.

 

View original content:https://www.prnewswire.com/in/news-releases/philip-morris-international-inc-pmis-india-affiliate-expands-its-sustainable-logistics-network-302334667.html

- Advertisement -

Recent Posts

OBI Pharma Enters Collaboration with GlyTech to Expand GlycOBI Enabling Technologies Outreach in Japan and to Advance Glycan Production

TAIPEI, Taiwan, Dec. 23, 2024 (GLOBE NEWSWIRE) -- OBI Pharma, Inc. (OBI), a clinical-stage global…

57 minutes ago

Alvotech Added to Nasdaq Biotech Index Effective Monday December 23, 2024

Addition is part of the annual reconstitution of the Nasdaq Biotech Index (NBI)Inclusion criteria include…

57 minutes ago

Alvotech Added to Nasdaq Biotech Index Effective Monday December 23, 2024

Addition is part of the annual reconstitution of the Nasdaq Biotech Index (NBI)Inclusion criteria include…

57 minutes ago

MaxCyte Announces Retirement of Board Member Art Mandell

December 23, 2024 02:00 ET  | Source: MaxCyte, Inc ROCKVILLE, Md., Dec. 22, 2024 (GLOBE…

57 minutes ago

Basilea is awarded additional CARB-X funding to develop new drug candidate from a novel class of antibiotics

Additional funding awarded following successful drug candidate nominationUSD 7.3 million to support progression of antibiotic…

57 minutes ago

AllNew 2025 Kia K4 Earns 2024 IIHS Top Safety Pick Award

New compact sedan adds to its list of attributes by being recognized for occupant protection…

5 hours ago