Strategy and approach
At the end of 2022, Swedish Match AB (publ), Corporate Identity Number 556015-0756, was acquired by Philip Morris Holland Holdings B.V., an affiliate of Philip Morris International Inc. (PMI) (677 Washington Blvd., Ste. 1100 Stamford, CT 06901, USA). The work to integrate Swedish Match into PMI’s global sustainability structure, strategy and policies started in 2023, as a result of the new ownership, and proceeded throughout 2024.
The Swedish Match AB Annual Report 2024 aims to disclose sustainability information necessary for an understanding of Swedish Match’s current development, position, performance and the impact of its operations, including information on issues relating to the environment, social conditions, personnel, respect for human rights and anti-corruption. Each section also provides a summary of the progress made towards integration with PMI. It is important to mention that, while integration progresses, in those areas where full integration into PMI’s global sustainability structure has not yet been completed, Swedish Match will continue to uphold to its current policies and goals.
