The accolade was given highlighting their corporate accomplishments in combating climate change
Renowned news media The Financial Times recently recognized British American Tobacco (BAT) Group as one of the top 300 firms in the list of “Climate Leaders 2021”, which includes more than 4,000 companies throughout Europe.
The accolade was given highlighting their corporate accomplishments in combating climate change, said a press release.
BAT Group has consistently been ranked as one of the climate leaders for accomplishing the highest reduction in core greenhouse gas emissions (GHG) in relation to revenues from 2014 until 2019.
Minimizing the negative environmental impacts, boosting climate change resistance, and safeguarding natural resources, BAT Group has increased its revenues by lowering its emissions intensity.
As a result, their environmental, social, and corporate governance (ESG) initiatives continue to garner global attention and continue to win recognition for its ESG efforts.
BAT Group is also known for establishing ambitious climate goals, such as becoming carbon-neutral in its operations by 2030.
In 2020, BAT Group achieved a 30.9% reduction in emissions from its operations, contributing to a 37.4% reduction against a 2017 baseline.
In March this year, BAT Group announced to be carbon neutral across its value chain by 2050
Adding to the Global recognition, BAT Bangladesh has also been working relentlessly to support the Bangladesh government to achieve its Sustainable Development Goals (SDG) by deploying the longest-running private sector-driven afforestation program which has distributed over 110 million saplings in the last 40 years.
Another initiative which deployed 110 water plants which facilitates over 560,000 litres of safe drinking water to over 270,000 people in communities affected by arsenic and salinity issues.
A renewable energy program that has installed 2,591 home solar systems in remote villages in Chittagong Hill Tracts to provide renewable energy to over 15,000 people, is now venturing to apply cleaner sources of energy in sustainable agriculture.