PMI Achieves Female Representation Target: 40% of Women in Managerial Positions
12 May 2022 - 4:00PM
Business Wire
Philip Morris International Inc. (PMI) (NYSE: PM) today
announced that it has reached its global company-wide target to
improve gender balance, ensuring at least 40% female representation
in managerial roles by 2022.
Jacek Olczak, Chief Executive Officer at PMI, commented: “I am
immensely proud of PMI’s vision, commitment, and achievement in
ensuring equal opportunities are given to all in the workplace,
irrespective of gender. Meeting this target demonstrates that our
inclusion and diversity strategy is working. Diverse profiles,
backgrounds, and perspectives allow us to make better and more
considered decisions as well as contribute to better and more
sustainable performance. I firmly believe that a culture of
fairness, inclusion, and diversity are crucial to PMI’s progress in
achieving a smoke-free future and will continue to benefit the
company as we become more reflective of our consumer base.”
Silke Muenster, Chief Diversity Officer at PMI, noted: “What
gets measured really does get done. This was a whole company effort
requiring everyone to take responsibility. I am delighted that we
have met our target on time but recognize that we still have a long
way to go on our diversity, equity, and inclusion journey. With
this in mind, we have our next gender representation target: 35% of
women in senior roles by 2025.
“Having a truly diverse workforce is an essential part of our
goal to achieve a smoke-free future. I am very proud of the
progress we have made to date, and I am confident about achieving
more in the future.”
The new target—35% of women in senior roles by 2025—demonstrates
the company’s desire to continuously improve gender
representation.
The company also announced today that it has been recertified as
a global EQUAL-SALARY organization for the second time since 2019
by the independent EQUAL-SALARY Foundation. The recertification
verifies that PMI continues to pay female and male employees
equally for equal work in the more than 90 markets where PMI
operates.
The EQUAL-SALARY Foundation is an independent, nonprofit
organization based in Switzerland. The EQUAL-SALARY certification
verifies that organizations have sustainable policies and practices
to ensure that they pay their male and female employees equally for
equal work.
Commenting on PMI’s global recertification, Lisa Rubli, co-CEO
of the EQUAL-SALARY Foundation, said: “In today’s global economy,
best practices are setting the bar for excellence. A major
international company getting EQUAL-SALARY globally re-certified is
a historical moment, for its more than 89’000 employees, but also
for the cause of gender equality all over the world. The energy and
commitment of Philip Morris International for equal pay and
EQUAL-SALARY’s principles is a strong demonstration of the
company’s willingness to stick to continuous improvement and a
message that their certification is absolutely on spot. We are
proud of this great achievement!”
More of PMI’s achievements and initiatives to more fully reach
gender equality include these:
- Addressing gender bias in talent assessments—including in
recruitment, performance management, and opportunities for
promotion.
- Introduction of global inclusive parental leave guidelines
(2020).
- Launching an employee resource group for women to provide a
supportive place to inspire and empower women to advance their
skills, expand their network and unlock their full potential.
- Launching a women-in-leadership program to support females in
leadership positions.
# # #
Philip Morris International: Delivering a Smoke-Free
Future Philip Morris International (PMI) is a leading
international tobacco company working to deliver a smoke-free
future and evolving its portfolio for the long term to include
products outside of the tobacco and nicotine sector. The company’s
current product portfolio primarily consists of cigarettes and
smoke-free products, including heat-not-burn, vapor, and oral
nicotine products, which are sold in markets outside the U.S. Since
2008, PMI has invested more than USD 9 billion to develop,
scientifically substantiate, and commercialize innovative
smoke-free products for adults who would otherwise continue to
smoke, with the goal of completely ending the sale of cigarettes.
This includes the building of world-class scientific assessment
capabilities, notably in the areas of pre-clinical systems
toxicology, clinical and behavioral research, as well as
post-market studies. The U.S. Food and Drug Administration (FDA)
has authorized the marketing of versions of PMI’s IQOS Platform 1
devices and consumables as modified risk tobacco products (MRTPs),
finding that exposure modification orders for these products are
appropriate to promote the public health. As of March 31, 2022,
PMI’s smoke-free products were available for sale in 71 markets,
and PMI estimates that approximately 12.7 million adults around the
world, excluding Russia and Ukraine, had already switched to IQOS
and stopped smoking. With a strong foundation and significant
expertise in life sciences, in February 2021 PMI announced its
ambition to expand into wellness and healthcare areas and deliver
innovative products and solutions that aim to address unmet
consumer and patient needs. For more information, please visit
www.pmi.com and www.pmiscience.com.
About the EQUAL-SALARY Foundation EQUAL-SALARY is a
not-for-profit foundation established since 2010. It is the first
and only certification, based on a robust and transparent
methodology, that focuses on equal pay for women and men. The
development of the EQUAL-SALARY certification was financially
supported by the Federal Office for Gender Equality and its
methodology was used as a reference by the Swiss Federal Court of
High Justice. EQUAL-SALARY is the only certification for equal pay
highlighted by the European Commission in a report on Gender Pay
Gap. EQUAL-SALARY is a member of EPIC (Equal Pay International
Coalition) and of the UN Global Compact.
To date, the EQUAL-SALARY Foundation has completed over 120
certification procedures throughout the world. Several of the
certified companies have renewed their commitment, demonstrating a
strong will to promote fairness, building trust and respect for
their employees.
As an EQUAL-SALARY employer, an organisation is in a better
position to attract and retain talent and to prove it complies with
the rules of good governance.
About the EQUAL-SALARY certification process, symbol of
excellence Similar to an ISO for wages, the EQUAL-SALARY
certification process includes two phases. First, experts
contracted by EQUAL-SALARY run a statistical analysis of salary
data based on a methodology developed with University of
Geneva.
Second, if the results are positive and show an overall gender
pay gap under 5 percent, the process is moved further and an audit
is contracted with PwC, our main auditing partner, who certifies
the conformity of the process. During this phase, PwC assesses both
the company’s overall commitment to equal pay as well as its
implementation in Human Resources processes. In order to be fully
inclusive, employees are involved through a survey and interviews
during the on-site audit. Only the companies having fulfilled all
the requirements of the procedure get the EQUAL-SALARY
certification, meaning they have reached excellence in equal
pay.
The EQUAL-SALARY certification allows organizations to verify
and communicate that they pay women and men fairly. It is a
practical and scientific solution to achieve transparency, while
preserving confidentiality.
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Philip Morris International
David Fraser Philip Morris International T. +41 (0)58 242 4500
E. david.fraser@pmi.com
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