Tobacco Transformation Index Builds on SASB Standard

The Tobacco Transformation Index is a tool to accelerate the transformation of the global tobacco industry and the reduction of harm caused by tobacco use. The Index is a complementary action sponsored by the Foundation for a Smoke-Free World. Specifically, the Index monitors tobacco companies’ activities with respect to transforming the industry through: Phasing out […]

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Larry Fink’s Letter to CEOs – How it Pertains to Tobacco

In his annual letter to CEOs, Larry Fink, CEO of BlackRock, positions climate change as a defining factor in the fundamental reshaping of finance. He outlines several important facets of this shift, including sustainability investing, improved disclosure, advances in technology, not leaving developing markets behind, and ultimately the benefits and risks to the companies. These […]

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Tobacco Transformation Index – In conflict or complementary?

The Foundation’s Tobacco Transformation Index (the “Index”) will provide quantifiable evidence over time of the steps the largest tobacco companies are taking to achieve a world free of combustible cigarettes and other high-risk tobacco products and actions they take to impede that progress. Bloomberg Philanthropies’ Stopping Tobacco Organizations and Products (STOP) supports the Global Tobacco […]

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Tobacco Transformation Index: Different for Good Reason

Corporate leaders, investors, and nongovernmental organizations (NGOs) have demonstrated that, with the use of innovative business models, profit can be aligned with social and environmental progress. Still, little progress has been made in sectors contributing substantially to poor health and climate change, including companies that profit from tobacco, coal, palm oil, and the internal combustion engine. […]

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CREATIVE DESTRUCTION OF LEGACY INDUSTRIES GIVES BIRTH TO MORE SUSTAINABLE ONES

Around the world, sales volumes of combustible cigarettes are dropping. Meanwhile, growth rates are substantial across a range of tobacco harm reduction products. These trends suggest that some consumers are swapping out conventional cigarettes for newer products—a phenomenon that Jacob Grier refers to as the “creative destruction” of the cigarette industry. Of course, it’s too […]

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