Philip Morris International Inc.
Shareholder Proposals
Item 4
Issue a public report assessing reputational, financial, and operational risks of filter cleanup costs and the benefits of extended producer responsibility laws for cigarette filters.
The proposal requests that Philip Morris publish a public report, excluding proprietary information, assessing the reputational, financial and operational risks the company faces if it does not take responsibility for cigarette filter cleanup costs and evaluating the benefits to the company of promoting extended producer responsibility (EPR) laws for spent tobacco filters. The supporting statement emphasizes cigarette filters as single-use plastic that is a leading litter item globally, cites estimates of discarded filters and cleanup costs, and notes existing EPR requirements under the EU Single-Use Plastics Directive and the adoption of fees in some European countries. The proposal also suggests that U.S. EPR legislation or voluntary contributions to state/municipal cleanup efforts could address pollution and level the competitive field. The requested report would analyze cleanup cost exposure, operational implications, reputational risk and the company-level pros and cons of supporting or promoting EPR frameworks.