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BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED

(BATBC)
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British American Tobacco Pledges Carbon-Neutral Products by 2050

03/09/2021 | 10:35am EDT

By Dieter Holger

British American Tobacco PLC has pledged to make its products carbon neutral by 2050 as the tobacco industry moves away from cigarettes.

The London-based owner of Camel and Lucky Strike cigarettes said Tuesday that it would continue to work with its suppliers and farmers to meet its new net-zero emissions goal.

BAT's plan comes as more and more large companies expand their focus from emisssions from their direct operations and energy purchases, known as Scope 1 and 2 emissions, to the emissions contained in the products they sell, known as Scope 3 emissions.

"We are at a pivotal moment in our transformation," BAT Chief Executive Jack Bowles said in prepared remarks. Last year, the company grew customers of non-combustile tobacco products, like e-cigarettes, to 13.5 million from 10.5 million.

The company's other targets include zero-waste-to-landfill at all factories and 30% water recycled by 2025 and 100% renewable electricity for its direct operations by 2030.

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

(END) Dow Jones Newswires

03-09-21 1035ET

Stocks mentioned in the article
ChangeLast1st jan.
BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD -1.23% 14.48 End-of-day quote.2.84%
BRITISH AMERICAN TOBACCO (ZAMBIA) PLC 0.00% 1.8 End-of-day quote.0.00%
BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED -0.09% 565.7 End-of-day quote.43.72%
BRITISH AMERICAN TOBACCO KENYA PLC -1.70% 461.5 End-of-day quote.27.84%
BRITISH AMERICAN TOBACCO PLC -1.32% 2734 Delayed Quote.2.31%
BRITISH AMERICAN TOBACCO ZIMBABWE (HOLDINGS) LIMITED 0.00% 1152 End-of-day quote.109.45%
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Financials
Sales 2021 69 237 M 817 M 817 M
Net income 2021 12 941 M 153 M 153 M
Net cash 2021 353 M 4,17 M 4,17 M
P/E ratio 2021 23,6x
Yield 2021 3,82%
Capitalization 305 B 3 601 M 3 606 M
EV / Sales 2021 4,41x
EV / Sales 2022 3,98x
Nbr of Employees 1 445
Free-Float 99,0%
Chart BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED
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Mean consensus HOLD
Number of Analysts 2
Last Close Price 565,70 BDT
Average target price 487,50 BDT
Spread / Average Target -13,8%
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Managers and Directors
Shehzad Munim Chief Executive Officer, MD & Director
Stephan Matthiesen Director & Finance Director
Golam Mainuddin Chairman
Charles Kyalo Head-Operations
Zahidul Islam Mohammad Head-Internal Audit & Compliance
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