Altria Group, Inc. · NYSE:MO
Altria — 2023 CORESTA AP Conference
21 slides from Altria's conference presentation, Oct 18, 2023
Slide 1: STP Overview
STP Overview Accelerating Positive Impacts on Social and Environmental Footprints in the Tobacco Industry Irving, B.; Altria Client Services LLC - 2023 STP chair Kumlin, A.; Peterson - STP Secretariat 2023 CORESTA AP Conference October 18, 2023 Irving, B | Altria Client Services | 2023 CORESTA Congr
Slide 2: What is the STP?
What is the STP? STP is an industry initiative to enhance agricultural supply chain due diligence and accelerate positive impacts on social and environmental footprints. STP Members: Irving, B | Altria Client Services | 2023 CORESTA Congress October 18, 2023 | AP
Slide 3: Supply Chain Details
Supply Chain Details Green Leaf Supplier Processed Leaf Supplier Product manufacturing Irving, B | Altria Client Services | 2023 CORESTA Congress October 18, 2023 | AP
Slide 4: Due Diligence Evolution
Due Diligence Evolution 2015 2018 2004 First version of 2015 STP Industry 2022-23 2024 collaboration EU Corporate UN “Who STP – two UN 2021 First results formalized Sustainability Cares systems Sustainable and two new New STP is Reporting Wins” combined (SRTP Development members. and GAP). Goals (SD
Slide 5: STP Themes for Sustainable Agriculture
STP Themes for Sustainable Agriculture Governance Livelihoods Crop Natural habitats Climate change Soil health Human & labor rights Water Irving, B | Altria Client Services | 2023 CORESTA Congress October 18, 2023 | AP
Slide 6: How Does It Work?
How Does It Work? Commu- Governance Data IDAs Impact nication Steering Work streams committee STP Members: Secretariat STP tools 146* Local leaf STP roadmap suppliers 20* Feedback/ global Program suppliers Assessment Note:* Numbers from 2022 crop year substantiated data Irving, B | Altria Client Ser
Slide 7: How Does It Work?
How Does It Work? Commu- Governance Data IDAs Impact nication Steering Work streams committee Secretariat STP tools 146* Local leaf STP roadmap suppliers 20* Feedback/ global Program suppliers Assessment Note:* Numbers from 2022 crop year substantiated data Irving, B | Altria Client Services | 2023
Slide 8: STP Tools – Commit, Identify, Prioritize
STP Tools – Commit, Identify, Prioritize Commit Identify Self Data Risk assessment substantiation assessment Prioritize (SA) prioritization Continuous improvement Irving, B | Altria Client Services | 2023 CORESTA Congress October 18, 2023 | AP
Slide 9: External risk view
Knowledge Tools – Step 1 Self-assessments (SA) Priority lists Customized to supplier context External risk view 1 High 2 Verisk Maplecroft 3 4 Low Irving, B | Altria Client Services | 2023 CORESTA Congress October 18, 2023 | AP
Slide 10: STP Tools: Respond, Measure, Report
STP Tools: Respond, Measure, Report Self Data Risk assessment substantiation assessment Report (SA) prioritization Due In-depth Action plans Continuous Diligence assessment for impact improvement Maturity (IDA) (DDM) Respond Measure Irving, B | Altria Client Services | 2023 CORESTA Congress October
Slide 11: Knowledge Tools: Step 2
Knowledge Tools: Step 2 Due diligence maturity In-depth Action plans for impact Indication of alignment to legislation assessments Inputs Activities Outputs Governance (IDA) Climate Water change Outcome Short term observable change in Soil 0% 100% people, communities, the environment Crop health or
Slide 12: STP Tools: Supporting Continuous Improvement
STP Tools : Supporting Continuous Improvement Commit Identify Self Data Risk assessment substantiation assessment Report Prioritize (SA) prioritization Continuous Due In-depth Action plans improvement Diligence assessment for impact Maturity (IDA) (DDM) Capacity Industry Respond building & collabora
Slide 13: Progress in 2022-23
Progress in 2022-23 Engagement with & In-depth training of stakeholders assessments 685,000*Farmers in 50 countries 8 In-depth 94% assessments involving 16 suppliers have Satisfaction with Supplier rating been performed. STP secretariat of Worldfavor, the support. reporting platform. Leaf supplier w
Slide 14: In-Depth Assessments (IDAs)
In-Depth Assessments (IDAs) Assessment scope Initiatives reviewed in the field Description Engagements Comments Theme Comments Locations visited 3 Regions 1, 2, 3 Climate Tree planting Live barns - BU Supplier staff 10 Agronomy Sustainable wood provisions FCV Corporate Affairs Barn efficiency Rights
Slide 15: Rooted in Theory of Change
Rooted in Theory of Change IDA Finding: Something that needs to be improved Hazardous task, workers not wearing proper PPE applying CPA’s Inputs Activities Outputs Outcome Impact Outputs Outcome Impact The people Survey of The action Conduct Increased Decrease in Safer working Long-term and Immediat
Slide 16: Rooted in Theory of Change
Rooted in Theory of Change IDA Finding: Hazardous task, workers not wearing proper PPE applying CPA’s Inputs Activities Outputs Outcome Impact Survey of Conduct Increased Decrease in Safer working workers trials of awareness of worker CPA environment newly importance of PPE exposure PPE designed dur
Slide 17: What’s the 2023-24 Roadmap?
What’s the 2023-24 Roadmap? • Refined content • Further alignment to new legislation • Continued alignment to recognized, international ESG/Sustainability frameworks • More training and engagement with key stakeholders 2023-2024 • Post-IDA initiatives • Exploring new collaborations Irving, B | Altri
Slide 18: Driving Positive Impact
Driving Positive Impact How else can we improve livelihoods for suppliers, farmers, and workers? How can we improve how we operate within planetary boundaries through all developments, initiatives, and decisions? How can we raise our efforts to respect and protect human and labor rights? Irving, B |
Slide 19: Science makes lasting impact
Science makes lasting impact “We scientists are really good at describing problems, but we have to get better at framing solutions and showing how they can be attractive and useful—not to just those people who care about the environment but to everybody.” - Jonathan Foley Scientific American “Humans
Slide 20: Example Opportunity
Example Opportunity Long Term KPI Impact Prevention of Green Tobacco potential health Sickness (GTS) Risk risks associated in Oriental Tobacco with GTS ARGEFAR GTS Risk Research GTS Research Committee Photo provided by EIB for STP webinar on Industry collaboration Irving, B | Altria Client Services
Slide 21: Thank you
Thank you In this pre-competitive space, everyone pitches in to make the STP framework a success and drive 146* positive impacts to our social and Local leaf environmental footprints. suppliers 20* global suppliers Note:* Numbers from 2022 crop year substantiated data Irving, B | Altria Client Servi