Difference between revisions of "British American Tobacco"
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===Dividends=== | ===Dividends=== | ||
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− | + | {| class="wikitable" | |
+ | ! Ex/Eff Date <ref name="BAT_Dividends">[https://www.nasdaq.com/symbol/bti/dividend-history] || Type{{r|BAT_Dividends|}} || Cash Amount{{r|BAT_Dividends|}} || Declaration Date{{r|BAT_Dividends|}} || Record Date{{r|BAT_Dividends|}} || Payment Date{{r|BAT_Dividends|}} | ||
+ | |- | ||
+ | | 10/3/2019 || Cash || 0.669 || 2/28/2019 || 10/4/2019 || 11/19/2019 | ||
+ | |- | ||
+ | | 6/27/2019 || Cash || 0.669 || 2/28/2019 || 6/28/2019 || 8/13/2019 | ||
+ | |- | ||
+ | | 3/21/2019 || Cash || 0.669 || 2/28/2019 || 3/22/2019 || 5/13/2019 | ||
+ | |- | ||
+ | | 12/27/2018 || Cash || 0.627 || 2/22/2018 || 12/28/2018 || 2/12/2019 | ||
+ | |- | ||
+ | | 10/4/2018 || Cash || 0.674 || 2/22/2018 || 10/5/2018 || 11/20/2018 | ||
+ | |- | ||
+ | | 6/28/2018 || Cash || 0.674 || 2/22/2018 || 6/29/2018 || 8/13/2018 | ||
+ | |- | ||
+ | | 3/22/2018 || Cash || 0.674 || 2/22/2018 || 3/23/2018 || 5/14/2018 | ||
+ | |- | ||
+ | | 12/28/2017 || Cash || 0.602 || 12/5/2017 || 12/29/2017 || 2/13/2018 | ||
+ | |- | ||
+ | | 8/16/2017 || Cash || 0.728 || 7/27/2017 || 8/18/2017 || 10/3/2017 | ||
+ | |- | ||
+ | | 3/15/2017 || Cash || 1.514 || 5/8/2017 || 3/17/2017 || 5/9/2017 | ||
+ | |- | ||
+ | | 8/17/2016 || Cash || 0.661 || 9/29/2016 || 8/19/2016 || 10/3/2016 | ||
+ | |- | ||
+ | | 3/16/2016 || Cash || 3.019 || 5/5/2016 || 3/18/2016 || 5/10/2016 | ||
+ | |- | ||
+ | | 8/19/2015 || Cash || 1.483 || 10/1/2015 || 8/21/2015 || 10/5/2015 | ||
+ | |- | ||
+ | | 3/18/2015 || Cash || 3.052 || 5/8/2015 || 3/20/2015 || 5/12/2015 | ||
+ | |- | ||
+ | | 8/20/2014 || Cash || 1.525 || 10/1/2014 || 8/22/2014 || 10/3/2014 | ||
+ | |- | ||
+ | | 3/12/2014 || Cash || 3.295 || 5/12/2014 || 3/14/2014 || 5/13/2014 | ||
+ | |- | ||
+ | | 8/21/2013 || Cash || 1.451 || 10/1/2013 || 8/23/2013 || 10/3/2013 | ||
+ | |} | ||
==Products== | ==Products== |
Revision as of 10:47, 22 July 2019
British American Tobacco is one of the leading, multi-category consumer goods companies. It employs over 55,000 people, with market leadership in over 55 countries and factories in 42. Its strategic portfolio is made up of its global cigarette brands and an increasing range of potentially reduced-risk products, comprising vapour and tobacco heating products, as well as oral tobacco and nicotine products such as moist snuff and snus. [1]
Contents
- 1 Company Overview
- 2 Profitability
- 2.1 Annual Profits
- 2.2 2018 Profits per Region (in millions GBP)
- 2.3 Acquisitions
- 2.4 Investments
- 2.5 Market Share
- 2.6 Emerging Markets
- 2.7 Factory Openings and Closures
- 2.8 Dividends
- 2.9 Strategic Portfolio
- 2.10 Combustible Tobacco Products
- 2.11 Vapour Products
- 2.12 Oral Products
- 2.13 Heated Tobacco Products
- 2.14 Volumes
- 3 Marketing and Campaigns
- 4 Reporting and Regulation
- 5 Partners and Allies
- 6 References
Company Overview
British American Tobacco is a publicly traded company based in London. In 2018, British American Tobacco operates in over 200 markets with 29 markets selling its heating, vapour, and modern oral products. [2] British American Tobacco is the third largest producer in the global tobacco market, and controls 11.4 percent of the international cigarette market. Top selling brands include Pall Mall, Rothmans, Kent, Dunhill, and Lucky Strike, and these five brands account for more than half of all British American Tobacco cigarette sales.[3] In 2017, British American Tobacco generated reported revenue of GBP 20 billion and profit from operations of GBP 6.5 billion. In July 2017, British American Tobacco p.l.c. acquired the remaining 57.8 percent of Reynolds American Inc. that British American Tobacco did not already own. [4] British American Tobacco has a strong presence in Lausanne, Switzerland and at cigarette factory at Boncourt, canton Jura. [5]
Management Board
British American Tobacco independent chairman Richard Burrows is stepping down from his role after more than nine years. [6] The company also announced that, after 30 years with the Company and 11 years as Finance Director, Ben Stevens has informed the Company of his intention to step down as Finance Director in August 2019. He will be succeeded as Finance Director by Tadeu Marroco, currently Director, Group Transformation. [7]
Name | Position | Bio |
---|---|---|
Jack Bowles | Chief Executive | Jack became British American Tobacco’s Chief Operating Officer for the International Business in October 2017. Joining the Group in 2004, Jack was Chairman of British American Tobacco France in 2005 before taking up the role of Managing Director of British American Tobacco Malaysia in 2007. He joined the Management Board as Regional Director for Western Europe in October 2009 before becoming Regional Director for the Americas in October 2011. He was appointed Regional Director, Asia-Pacific in January 2013, a position he continued to hold until 1 January 2018 when a new regional structure came into effect.[8] |
Ben Stevens | Finance Director | Ben joined the Board of British American Tobacco p.l.c. in March 2008 and was appointed to the role of Finance Director in April 2008. He was previously Director of British American Tobacco’s Europe region, a position he had held since 2004. Ben has broad international experience spanning both senior finance and general management roles. He joined British American Tobacco in 1990 as Regional Finance Controller with responsibilities for Europe, East Africa and South Asia and in 1994 moved to Switzerland where he worked in a variety of marketing roles. In 1995 Ben became Chairman and Managing Director of the Pakistan Tobacco Company before being appointed Chairman and Managing Director of British American Tobacco Russia in 1997. In 1998 he returned to the UK as Head of Corporate Affairs for the newly listed British American Tobacco p.l.c. and in the following year was appointed Head of Merger Integration following the merger with Rothmans. He was appointed to the Management Board as Development Director in April 2001 where his responsibilities included corporate strategy, mergers and acquisitions and IT. Ben was elected as a member of the Board of Directors of ISS A/S on 5 April 2016. Ben, a graduate of Manchester University and the Manchester Business School, is married with two children. |
Jerome Abelman | Director, Legal and External Affairs And General Counsel | Jerry was appointed Director, Legal and External Affairs and General Counsel in May 2015, having joined the Management Board as Group Corporate and Regulatory Affairs Director in January 2015. He has been with the Group for over 15 years and has held a number of roles in Legal. Jerry was Regional General Counsel, Asia-Pacific from 2010 to 2014, before becoming Assistant General Counsel – Corporate and Commercial. Jerry was a member of the Board of Reynolds American Inc. (RAI) from February 2016 until the acquisition of RAI in July 2017.[8] |
Marina Bellini | Director, Digital and Information | Marina was appointed to a new role on the Management Board – Director, Digital and Information – in January 2019. This role is responsible for driving digital transformation across the Group and further enhancing the Group’s digital consumer experience capabilities. Marina joined British American Tobacco as Chief Information Officer (CIO) in 2018 having previously served as Global CIO and Global Business Services SVP at Anheuser-Busch InBev, where she was responsible for information technology transformation, including consumer digital marketing. [8] |
Luciano Comin | Regional Director, Americas and Sub-Saharan Africa | Luciano Comin was appointed Regional Director, Americas and Sub-Saharan Africa in January 2019. He joined British American Tobacco as a Management Trainee in Argentina in 1992 and during his career with the Group has gained broad experience in a wide range of roles, including Marketing Director in Venezuela, Marketing Director in Mexico and General Manager of BAT Mexico. Luciano was also Regional Marketing Manager for Western Europe and then Regional Head of Marketing, Americas and Sub-Saharan Africa before his appointment to the Management Board. [8] |
Hae In Kim | Director, Talent and Culture Designate | Hae In was appointed Director, Talent and Culture Designate in January 2019 and will succeed Giovanni Giordano, currently Director, Group Human Resources, on 1 April 2019. She was previously Group Head of Talent and Organisational Effectiveness and has held several other senior HR roles in British American Tobacco, including Regional HR Director, Asia-Pacific and HR Director, Japan and North Asia. Prior to joining the Group, Hae In gained experience at Samsung, IBM Consulting Services and PwC. Hae In has been a Non-Executive Director of Pakistan Tobacco Company Limited since April 2015. [8] |
Alan Davy | Director, Operations | Alan was appointed to the Management Board as Group Operations Director in March 2013. He joined the Group in 1988 and has held various roles in manufacturing, supply chain and general management. Alan previously held the position of Group Head of Supply Chain. [8] |
Giovanni Giordano | Director, Group Human Resources | Giovanni joined the Management Board of British American Tobacco in June 2011. He is an international human resources executive with wide experience from senior roles at Procter & Gamble and Ferrero, where he was Chief Corporate Officer. [8] |
Paul Lageweg | Director, New Categories | Paul was appointed Director, New Categories, a new role on the Management Board, in January 2019. This role, reporting directly to the Chief Marketing Officer, has end-to-end accountability for driving growth, innovation, world-class brand building and consumer insights for the Group’s potentially reduced-risk products. Paul has been with the Group for 13 years in various senior roles, including Regional Marketing Manager, Asia-Pacific and Middle East; Area Director, East Asia; and Global Head of Marketing Futures. Before joining BAT, Paul held senior marketing roles at Unilever and Kimberly-Clark.[8] |
Tadeu Marroco | Director, Group Transformation and Deputy Finance Director | Tadeu was appointed Regional Director, Europe and North Africa in January 2018. He joined the Management Board as Director, Business Development, in September 2014 and was appointed Regional Director, Western Europe in December 2016, a position he held until 1 January 2018 when a new regional structure came into effect and Tadeu took up his current role. He joined British American Tobacco in Brazil over 20 years ago and his other previous roles include Regional Finance Controller, EEMEA, and Group Finance Controller. [8] |
Guy Meldrum | Regional Director, Asia-Pacific and Middle East | Guy Meldrum was appointed Regional Director, Asia-Pacific and Middle East in January 2019. Previously Area Director, Australasia Area, Guy joined BAT in 1992 and has held several senior roles in the Group including Area Director, North Asia Area and Marketing Director, Russia. |
Dr. David O’Reilly | Director, REsearch and Science | David was appointed Group Scientific Director in January 2012. He has been with British American Tobacco for over 20 years and has held various positions in Group Research and Development. He has led the Group’s R&D efforts to develop reduced toxicant products and has also been Head of International Public Health and Scientific Affairs, responsible for engagement with the scientific, medical and public health communities.[8] |
Ricardo Oberlander | President and CEO, Reynolds American Inc. | Ricardo became President and CEO of Reynolds American Inc. (RAI) in January 2018. He was appointed to the Management Board as Regional Director for the Americas in January 2013. Ricardo joined Souza Cruz in May 1989 and has held various roles including Marketing Director of British American Tobacco’s Malaysian business, Regional Marketing Manager for the Americas, General Manager in France and Global Consumer Director. Ricardo was a member of the Board of RAI from December 2014 until the acquisition of RAI in July 2017. He is a member of the Chief Marketing Officer (CMO) Council North America Advisory Board. [8] |
Johan Vandermeulen | Regional Director, Asia-Pacific and Middle East | Johan was appointed Regional Director, Asia-Pacific and Middle East in January 2018. He joined the Management Board as Regional Director for Eastern Europe, Middle East and Africa in September 2014, a position he held until 1 January 2018 when a new regional structure came into effect and Johan took up his current role. He has been with British American Tobacco for more than 25 years and his previous roles include General Manager in Russia, General Manager in Turkey and Global Brand Director for the Kent brand.[8] |
Kingsley Wheaton | Chief Marketing Officer | Kingsley was appointed Regional Director, Americas and Sub-Saharan Africa in January 2018. He joined the Group in 1996 and has held a number of roles in Marketing. He was Marketing Director in Nigeria and Russia, before becoming General Manager in Russia. He was Global Brand Director responsible for the Kent and Vogue brands, before joining the Management Board in January 2012 as Deputy Corporate and Regulatory Affairs Director. In June 2012 he was appointed Director, Corporate and Regulatory Affairs. In January 2015, Kingsley became Managing Director, Next Generation Products. [8] |
Board Members
Name | Position | Bio [9] |
---|---|---|
Richard Burrows | Chairman | Richard Burrows joined the Board of British American Tobacco as a Non-Executive Director in September 2009 and became Chairman in November 2009. He is also Chairman of the Nominations Committee. |
Kieran Poynter | Senior Independent Director | Kieran Poynter became a Non-Executive Director of British American Tobacco p.l.c. in July 2010. He became Senior Independent Director in October 2016. He is Chairman of the Audit Committee and a member of the Nominations Committee. |
Sue Farr | Non-Executive Director | Sue Farr was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director in February 2015. She is a member of the Nominations and Remuneration Committees. |
Dr. Marion Helmes | Non-Executive Director | Dr. Marion Helmes joined the Board of British American Tobacco p.l.c. as a Non-Executive Director on 1 August 2016. She is a member of the Audit and Nominations Committees. |
Luc Jobin | Non-Executive Director | Luc Jobin was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director on 25 July 2017 following completion of the acquisition of Reynolds American Inc. He is a member of the Nominations and Remuneration Committees |
Holly Keller Koeppel | Non-Executive Director | Holly Keller Koeppel was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director on 25 July 2017 following completion of the acquisition of Reynolds American Inc. She is a member of the Audit and Nominations Committees. |
Savio Kwan | Non-Executive Director | Savio Kwan was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director in January 2014. He is a member of the Nominations and Remuneration Committees. |
Dimitri Panayotopoulos | Non-Executive Director | Dimitri Panayotopoulos was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director in February 2015. He is Chairman of the Remuneration Committee and a member of the Nominations Committee. |
Investments in Unconsolidated Subsidiaries
An unconsolidated subsidiary is a company that is owned by a parent company, but whose individual financial statements are not included in the consolidated or combined financial statements of the parent company to which it belongs. Instead, this type of company appears in the combined financial statement as an investment.[10]
Subsidiary Name | Country | Interest amount (percentage) |
---|---|---|
British American Tobacco – Albania SH.P.K. | Albania | NA |
Tisak d.d. | Croatia | 41.86[11]:202 |
Országos Dohányboltellátó Korlátolt Felelosségu Társaság | Hungary | 49[11]:202 |
ITC Limited | India | 29.69[11]:202 |
VST Industries Limited | India | 32.16[11]:202 |
Surya Nepal Pvt. Limited | Nepal | 61 |
Veletabak d.o.o. | Serbia | 25[11]:202 |
Uganda Tobacco Processors Limited | Uganda | 50[11]:202 |
Kamaran Industry and Investment Company | Yemen | 31[11]:202 |
United Industries Company Limited | Yemen | 32[11]:202 |
List of Significant Subsidiaries
"significant" > 20 percent management control
Subsidiary Name [12] | State or Country of Organization | Region |
---|---|---|
British American Tobacco (Algérie) S.P.A. | Algeria | Eastern Europe, Middle East and Africa |
British American Tobacco Argentina S.A.I.C.y F. | Argentina | Americas |
British American Tobacco Australia Limited | Australia | Asia-Pacific |
British American Tobacco Bangladesh Company Limited | Bangladesh | Asia-Pacific |
British American Tobacco Belgium S.A. | Belgium | Western Europe |
Souza Cruz LTDA | Brazil | Americas |
British American Tobacco (Cambodia) Limited | Cambodia | Americas |
Imperial Tobacco Canada Limited | Canada | Americas |
British American Tobacco Chile Operaciones S.A. | Chile | Americas |
British American Tobacco Colombia S.A.S. | Colombia | Americas |
British American Tobacco (Czech Republic), s.r.o. | Czech Republic | Western Europe |
British American Tobacco Denmark A/S (House of Prince A/S) | Denmark | Western Europe |
British American Tobacco Egypt LLC | Egypt | Eastern Europe, Middle East and Africa |
British American Tobacco France SAS | France | Western Europe |
BATIG Gesellschaft fur Beteiligungen m.b.H. | Germany | Western Europe |
British American Tobacco (Germany) GmbH | Germany | Western Europe |
British American Tobacco (Industrie) GmbH | Germany | Western Europe |
PT Bentoel Internasional Investama, Tbk | Indonesia | Asia-Pacific |
B.A.T. Pars Company (Private Joint Stock) | Iran, Islamic Republic of | Eastern Europe, Middle East and Africa |
British American Tobacco Italia S.p.A. | Italy | Western Europe |
British American Tobacco Japan, Ltd. | Japan | Asia-Pacific |
British American Tobacco Kazakhstan Trading LLP | Kazakhstan | Eastern Europe, Middle East and Africa |
British American Tobacco Korea Limited | Korea, Republic of | Asia-Pacific |
British American Tobacco Korea Manufacturing Limited | Korea, Republic of | Asia-Pacific |
British American Tobacco (Malaysia) Berhad | Malaysia | Asia-Pacific |
British American Tobacco Mexico, S.A. de C.V. (iv) | Mexico | Americas |
British American Tobacco Exports B.V. | Netherlands | Western Europe |
British American Tobacco Holdings (The Netherlands) B.V. | Netherlands | Western Europe |
British American Tobacco Nederland B.V. | Netherlands | Western Europe |
British American Tobacco Western Europe Region B.V. | Netherlands | Western Europe |
British American Tobacco (New Zealand) Limited | New Zealand | Asia-Pacific |
British American Tobacco (Nigeria) Limited | Nigeria | Eastern Europe, Middle East and Africa |
British American Tobacco Marketing Nigeria Limited | Nigeria | Eastern Europe, Middle East and Africa |
Pakistan Tobacco Company Limited | Pakistan | Asia-Pacific |
British American Tobacco Polska Trading sp. zo.o. | Poland | Western Europe |
British-American Tobacco Polska S.A. | Poland | Western Europe |
British American Tobacco (Romania) Trading SRL | Romania | Western Europe |
JSC ‘British American Tobacco-SPb’ | Russia | Eastern Europe, Middle East and Africa |
JSC ‘International Tobacco Marketing Services’ | Russia | Eastern Europe, Middle East and Africa |
British-American Tobacco (Singapore) Private Limited | Singapore | Asia-Pacific |
British American Tobacco Holdings South Africa (Pty) Limited | South Africa | Eastern Europe, Middle East and Africa |
British American Tobacco España, S.A. | Spain | Western Europe |
British American Tobacco Switzerland S.A. | Switzerland | Western Europe |
British American Tobacco Tütün Mamulleri Sanayi ve Ticaret Anonim Sirketi | Turkey | Eastern Europe, Middle East and Africa |
LLC “British American Tobacco Sales and Marketing Ukraine” | Ukraine | Western Europe |
PJSC “A/T B.A.T. – Prilucky Tobacco Company” | Ukraine | Western Europe |
B.A.T (U.K. and Export) Limited | United Kingdom | Western Europe |
B.A.T Services Limited | United Kingdom | Western Europe |
British American Tobacco (GLP) Limited | United Kingdom | Western Europe |
British American Tobacco (Investments) Limited | United Kingdom | Western Europe |
British American Tobacco Global Travel Retail Limited | United Kingdom | Western Europe |
British American Tobacco Western Europe Commercial Trading Limited | United Kingdom | Western Europe |
B.A.T. International Finance p.l.c. | United Kingdom | Western Europe |
BATMark Limited | United Kingdom | Western Europe |
British American Tobacco (Brands) Limited | United Kingdom | Western Europe |
British-American Tobacco (Holdings) Limited | United Kingdom | Western Europe |
British American Tobacco UK Limited | United Kingdom | Western Europe |
R.J. Reynolds Tobacco Company | United States | United States |
RAI Services Company | United States | United States |
RAI Trade Marketing Services Company | United States | United States |
Reynolds American Inc. | United States | United States |
B.A.T Capital Corporation | United States | United States |
British American Tobacco (Brands) Inc. | United States | United States |
American Snuff Company, LLC | United States | United States |
Santa Fe Natural Tobacco Company, Inc | United States | United States |
Compania Anonima Cigarrera Bigott Sucesores | Venezuela | Americas |
Forecast
At the start of 2019, British American Tobacco reported higher full-year adjusted sales and profit, helped by cigarette market share gains and growth in vaping devices. Excluding the impact of currency fluctuations and the 2017 acquisition of Reynolds American, the maker of Lucky Strike and Dunhill cigarettes reported adjusted 2018 revenue of GPB 25.76 billion, up 3.5 percent. [13]
In November 2018, British American Tobacco and Imperial Brands have had GBP 8.6 billion wiped off their stock market value as the United States FDA announcement to crack down on the sale of flavoured e-cigarettes and menthol cigarettes. [14] British American Tobacco shares fell 10 percent, the most in more than four years. [15] As much as a quarter of the company's profits come from menthol cigarettes. [16] The company's spokesman Simon Cleverly provided a statement:
“We are not aware of anything that has changed to suggest the FDA would deviate from its existing multi-year comprehensive, rule-making process on flavours in tobacco products, which includes menthol... If the agency indicates it seeks “to regulate menthol cigarettes, any such proposal will have to go through the multiyear rule-making [sic] process." [15]
In October 2018, Reuters reported British American Tobacco cut its full-year revenue target for cigarette alternatives such as vaping pens and tobacco heating devices, citing a flat market in Japan and a product recall in the United States. The expected revenue from Next-Generation products is 900 million pounds in 2018. [17]
Profitability
Annual Profits
In 2018, the revenue grew by 25.2 percent in 2018 to GBP 24,492 million, largely due to the acquisition of RAI. [2]:14
Fiscal year
in billions GBP |
2018 [18] | 2017 [11]:217 | 2016 [11]:217 | 2015 [11]:217 | 2014 [19] |
---|---|---|---|---|---|
Net Revenue | 24.5 | 20.3 | 14.8 | 13.1 | 14.0 |
Profit from operations | 9.3 | 6.5 | 4.7 | 4.6 | 4.5 |
2018 Profits per Region (in millions GBP)
in millions GBP | Profit from operations [2]:14 | Adjusted profit from operations at constant rates [2]:14 |
---|---|---|
United States | 4,006 | 4,686 |
Americas and Sub-Saharan Africa | 1,544 | 1,922 |
Europe and North Africa | 1,905 | 2,217 |
Asia-Pacific and Middle East | 1,858 | 2,099 |
Asia-Pacific
Geographic region covers: Australia, Bangladesh, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, South Korea, Taiwan, Vietnam [20]:3
in millions GBP | 2017 [11]:45 | 2016 [11]:45 | 2015 [11]:45 | 2014 [21]:9 | 2013 [21]:9 |
---|---|---|---|---|---|
Net Revenues | 4,509 | 4,266 | 3,773 | 4,253 | 4,203 |
Adjusted profit | 1,638 | 1,432 | 1,361 | 1,548 | 1,693 |
Americas
Geographic region covers: Argentina, Brazil, Canada, Chile, Colombia, Mexico [20]:3
in millions GBP | 2017 [11]:46 | 2016 [11]:46 | 2015 [11]:46 | 2014 [21]:9 | 2013 [21]:9 |
---|---|---|---|---|---|
Net Revenues | 3,125 | 2,868 | 2,720 | 3,056 | 3,317 |
Adjusted profit | 1,147 | 1,017 | 1,082 | 1,286 | 1,364 |
Western Europe
Geographic region covers: Belgium, Czech Republic, Denmark, France, Germany, Italy, Netherlands, Poland, Romania, Spain, Sweden, Switzerland, United Kingdom [20]:3
in millions GBP | 2017 [11]:47 | 2016 [11]:47 | 2015 [11]:47 | 2014 [21]:9 | 2013 [21]:9 |
---|---|---|---|---|---|
Net Revenues | 4,532 | 3,867 | 3,203 | 3,546 | 3,635 |
Adjusted profit | 1,127 | 1,044 | 990 | 1,189 | 1,273 |
EEMEA
Geographic region covers: Algeria, Morocco, Egypt, Nigeria, GCC, Russia, Iran, South Africa, Iraq, Turkey, Kazakhstan, Ukraine [20]:3
in millions GBP | 2017 [11]:44 | 2016 [11]:44 | 2015 [11]:44 | 2014 [21]:9 | 2013 [21]:9 |
---|---|---|---|---|---|
Net Revenues | 3,915 | 3,750 | 3,408 | 4,337 | 4,105 |
Adjusted profit | 1,246 | 1,182 | 1,127 | 1,380 | 1,490 |
Acquisitions
In 2018, the Group acquired Quantus Beteiligungs-und Beratungsgesellschaft mbH, which houses the vapour retail business of High End Smoke in Germany. [2]:254 On October 21, 2016, British American Tobacco CEO Nicandro Durante publicly announced an offer for the 57.8 percent of Reynolds American, Inc. that British American Tobacco did not already own. According to media reports, Reynolds American, Inc. rejected British American Tobacco’s initial buyout offer of USD 47 billion as being too low. In January 2017, Reynolds American, Inc. accepted increased offer of USD 49 billion with the deal finalised in June of 2017.[22]
Recent acquisitions [23] | Acquired Organization Name | Acquiring Organization Name | Announced Date | Value |
---|---|---|---|---|
Ente Tabacchi Italiani S.p.A acquired by British American Tobacco | Ente Tabacchi Italiani S.p.A | British American Tobacco | 1/1/2003 | - |
British American Tobacco Denmark A/S acquired by British American Tobacco | British American Tobacco Denmark A/S | British American Tobacco | 7/2/2008 | - |
Tekel AS acquired by British American Tobacco | Tekel AS | British American Tobacco | 6/24/2008 | - |
Bentoel Group acquired by British American Tobacco | Bentoel Group | British American Tobacco | 6/17/2009 | USD 494M |
Productora Tabacalera de Colombia acquired by British American Tobacco | Productora Tabacalera de Colombia | British American Tobacco | 5/26/2011 | USD 452M |
Reynolds American acquired by British American Tobacco | Reynolds American | British American Tobacco | 1/17/2017 | USD 54.5B |
CN Creative acquired by British American Tobacco | CN Creative | British American Tobacco | 12/1/2012 | GBP 50M |
TDR acquired by British American Tobacco | TDR | British American Tobacco | 6/1/2015 | EUR 550M |
Ten Motives acquired by British American Tobacco | Ten Motives | British American Tobacco | 4/29/2016 | - |
Investments
Reinet Investments, which owns about 3 percent of British American Tobacco, says an increase in the value of its stake in UK insurer Pension Corporation has partially made up for the company's share decline. [24]
At 31 December 2015, the following substantial interests (3 percent or more) in the Company’s ordinary share capital (voting securities) had been notified to the Company in accordance with Section 5.1.2 of the Disclosure Rules and Transparency Rules. As at 24 February 2016, the Company had not received notification either of any change in the interests below or that any other person holds 3 percent or more of its ordinary shares. [20]:114
Name | Number of ordinary shares | % of issued share capital |
---|---|---|
BlackRock, Inc | 132,891,526 | 7.13 |
Reinet Investments S.C.A. | 76,518,264 | 4.10 |
The Capital Group Companies, Inc. | 75,240,878 | 4.04 |
In 2015, the organization completed it's acquisition of TDR in Croatia, the leading independent cigarette manufacturer in Central Europe. British American Tobacco also acquired the rest of the shares in its Brazilian subsidiary, Souza Cruz, not currently owned by the Group and de-listed the company the same year. [20]:14
In 2015, British American Tobacco signed a vapour products technology-sharing agreement with R.J. Reynolds Tobacco Company. The agreement provides a framework for collaboration and mutual cross-licensing of the parties’ vapour product technologies up to 31 December 2022. British American Tobacco completed the acquisition of the CHIC Group, the market-leading Vapour Product (e-cigarette) business in Poland. [20]:5
In August 2018, The Guardian reported more than GBP 1.7 billion had been directly invested in tobacco company stocks by healthcare providers, fire authorities and schools via UK council pension funds. It found Council retirement schemes in the UK are major investors in firms including British American Tobacco, Imperial Brands and Philip Morris International, according to data compiled from more than 100 freedom of information requests. [25]
Tobacco companies have received more than GBP 45 million investment from the United Kingdom's Lincolnshire County Council’s pension fund. The current investment (as of January 2019) for British American Tobacco sits at GBP 24.1 million – one per cent of the total fund. [26]
The Auckland Council has been told it might have more than $700,000 indirectly invested in British American Tobacco. The council has been told by the Janus Global Research growth fund that it might have more than $700,000 invested in the company. [27]
The Group’s cigarette market share in its Key Markets continued to grow strongly (up 40 bps) in 2017. This was due to the comapny's GDBs, which grew 110 bps (ex US) and currently accounts for more than 50 percent of Group cigarette and THP volume outside the US. Over the year, market share in the US was up 20 bps, with the RAI Strategic Brands growing 40 bps. Total Group cigarette and THP volume grew 3.2 percent to 686 billion, or on an organic basis fell 2.6 percent, outperforming the industry, which was estimated to have declined by around 3.5 percent. Flagship THP, glo, first launched in Japan in December 2016, reached 3.6 percent market share by the end of 2017 – having been rolled out nationally from October 2017. Since then, 50 percent of the overall category growth in Japan has been from glo – with initial progress in other launch markets such as South Korea, Russia, Canada, Romania and Switzerland. [11]:13
Emerging Markets
British American Tobacco has a significant presence in emerging markets across South America, Africa, the Middle East and Asia. According to the company's website emerging markets will account for 60 percent of volume in the enlarged group. Over the last 5 years, revenue per pack in emerging markets has grown at more than twice the rate compared to developed markets. With generally low cigarette pack prices and expectations of continued growth in consumer disposable income over the long term, the future profit growth opportunity remains strong. [28] Nik Oliver, consumer goods analyst at UBS said in a March 2017 interview with Financial Times, British American Tobacco derives more than 50 per cent of its total revenues from emerging markets with the strongest emerging market portfolio of the company's peers. [29]
Factory Openings and Closures
British American Tobacco is considering opening another factory in Malaysia. [30]
In 2018, British American Tobacco had 55 factories, 47 of which produce cigarettes, [2]:19 including two new factories, one in Zambia and one in Malaysia. [2]:23 In 2018, British American Tobacco invested EUR 45 million in plant in Croatia. According to the company's director for the Adria region, Antal Bekefi, the company has been investing significant funds into research and development since 2012, investing more than USD 2.5 million for new generation products. [31]
The British America Tobacco Zambia Plc has constructed a cigarette manufacturing plant at a cost of USD 25 million aimed at localizing its brand portfolio in Zambia. [32]
In June 2018, British American Tobacco announced it would invest €800 million over the next five years in its factory in Ploiești, Romania. The investment, which will generate 200 new jobs in Romania, will support the expansion of innovative tobacco heating product – glo – in countries across Europe during the second half of 2018. [33] The unit in Ploiesti will be the third in the world (after South Korea and Russia) to produce Neosticks for glo and the first in Europe. [34]
Dividends
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Strategic PortfolioThe following brands are part of a portfolio of British American Tobacco priority brands. Combustible tobacco products[35]: Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit Potentially reduced-risk products[35]: vype, glo, epo, mocca, vuse, neo, lyfy, kodiak, chic group, Granit, Ten Motives, Grizzly, VIP, Camel Snus British American Tobacco also owns a number of international and local cigarette brands, including Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A and State Express 555.[35]
Combustible Tobacco ProductsBritish American Tobacco's share of the cigarette market has been largely driven by five global brands – Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.[35] At the end of 2018, British American Tobacco had 47 manufacturing facilities producing cigarettes around the world. [36] Vapour ProductsAccording to the 2018 Harm Reduction report, British American Tobacco sells its vapour products in 13 countries: Bahrain, Canada, Colombia, France, Germany, Greece, Guatemala, Italy, Ireland, Kuwait, New Zealand, Poland, United Kingdon, and the United States. [37] Oral ProductsOral products are available in five countries: Finland, Norway, Sweden,Switzerland, and the United States. [37]:9 Heated Tobacco ProductsHeated Tobacco Products by British American Tobacco are available in 16 countries: Bulgaria, Canada, Croatia, Czechia, Japan, Kazakhstan, Greece, Russia, Poland, Romania, Serbia, South Korea, Switzerland, Ukraine and the United States. [37]:6 The company is awaiting approval to sell its heat-not-burn products in Malaysia. [38] The 2018 heated tobacco product revenue increased to GBP 565 million or GBP576 million, at constant rates. The glo brand has achieved 4.7 percent market share in Japan, and continues to grow market share in South Korea, Romania and Italy. [2]:12 British American Tobacco launched glo in 2015. [39] Japan is also the market where heat-not-burn has had the biggest success, and the amount of cigarettes sold there has dropped by about 20 percent over two years. South Korea is currently the market with the next-biggest potential. [40] In April 2018, The Rolling Stone Magazine profiled several British American Tobacco sponsored events around Italy that have been used to promote Glo by continuing to build an association with fashion, music, technology, and partying. [41] In September 2018, British American Tobacco launched glo in Ukraine. [42] In a press release from December 2018, British American Tobacco announced it is introducing a new vaping device in the United Kingdom market, called Vype iSwitch. [43] The iSwitch comes in a standard version, which retails for about GBP 30 (USD 38), and an upscale version, the Maxx, which sells for about GBP 50. [44] In December 2018, Vype ePen 3 launched in New Zealand. [45] In September 2018, U.S. Food and Drug Administration determined that British American Tobacco hasn’t produced adequate data to show its Camel smokeless tobacco pouches are a less risky alternative to cigarettes. [46] In February 2019, British American Tobacco launched Vype iSwitch and Vype iSwitch Maxx with ‘Puretech’ technology that incorporates an ultra-slim stainless steel blade that heats the e-liquid to create vapour. [47] To date, British American Tobacco published 25 peer-reviewed articles on heated tobacco products. In 2018, the company presented at 24 scientific conferences and external meetings. [2]:28 The company carried out a series of tests tests to prove that its vaping products produce ‘greatly reduced mutagenicity, cytotoxicity and effects on wound healing as compared to cigarette smoke.’ [48] VolumesIn June 2019, British American Tobacco Korea has surpassed an accumulated production of 300 billion cigarettes, reaffirming its goal to leverage Sacheon factory into a global export hub. [49] In 2018, the volume was 3.5 percent lower as growth in Pakistan, Japan (driven by THP), Turkey, Poland, Romania and Egypt was more than offset by declines in the GCC, US, Russia and Brazil.[2]:20 In 2018, volume was up 0.7 percent in the Asia-Pacific and Middle East region at 228 billion sticks driven by the recovery in the combustibles volume in Pakistan and the performance of glo in Japan and South Korea with sales of 6.5 billion sticks in the period. [2]:347 Volume of Cigarettes by RegionEffective January 2018, British American Tobacco uses a new organizational structure consisting of four regions: Americas and Sub Saharan Africa (including East & Central Africa; West Africa and South Africa), Europe and North Africa (including Russia, Ukraine, Caucasus, Central Asia, Belarus, and Turkey), Asia-Pacific and Middle East and the United States of America.[50]
Product Unit Volume
Marketing and CampaignsSocial MediaIn February 2019, Campaign For Tobacco Free Kids and Netnografica LLC published the results of a two-year investigation into how the big tobacco companies, including Philip Morris, British American Tobacco, Japan Tobacco, and Imperial Brands used social media influencers to promote their products online. [51] The Tobacco Institute of Southern Africa paid social media celebrities in what could be a ploy to undermine new government efforts to curb tobacco use in the country. The social media campaign coincided with the July 2018 release of proposed anti-tobacco legislation that would curtail advertising and smoking in public places, with violators facing fines and even up to three months in jail. [52] SponsorshipBritish American Tobacco announced a multi-year sponsorship deal with McLaren Racing. The partnership focuses around the promotion of British American Tobacco's potentially “reduced risk products”. [53] The Centre for Substance Use Research has taken money from Philip Morris International and British American Tobacco. [54] ControversiesBased on an investigation by the Tax Justice Network, British American Tobacco has been accused of shifting profits from developing countries to a UK subsidiary. The company allegedly would avoid paying USD 700m between now and 2030 in Bangladesh, Indonesia, Kenya, Guyana, Brazil, and Trinidad and Tobago. [55] Two new studies from the Tobacco Control Research Group, published in the BMJ journal, Tobacco Control, expose evidence that big tobacco companies are still facilitating tobacco smuggling, while attempting to control a global system designed to prevent it and funding studies that routinely overestimate levels of tobacco smuggling. [56] Financials disclosures for President Trump's interim choice for U.S. Defence Secretary role Patrick Shanahan showed he was invested in more than 400 diverse stocks for companies such as British American Tobacco, CBS, Diamond Offshore Drilling, Facebook, Marathon Petroleum and Qualcomm. [57] In August 2018, The Guardian reported that British American Tobacco has promoted sales of its cigarettes in some of the most fragile, war-torn and unstable countries of Africa and the Middle East. Documents acquired by The Guardian describe how cartons of cigarettes were distributed to traders hidden in black bags in Somalia after Al-Shabaab banned sales and threatened punishments under Sharia law between late 2008 and early 2009. The documents also show that British American Tobacco made plans to launch in South Sudan just two days before it gained independence from the north after years of destruction from a civil war that left 4 million people displaced. [58] Internal British American Tobacco documents revealed that illicit trade was both profitable and integral to British American Tobacco operations in the People’s Republic of China over the span of two decades.[59] British American Tobacco's involvement in cigarette smuggling in Africa and Lebanon has also been documented. [60][61] A 2015 BBC investigation uncovered evidence of bribery when British American Tobacco illegally paid politicians and civil servants in countries in East Africa. [62] Independent further reported British American Tobacco recruited and paid for a union to disrupt production at one of its chief rivals. [63] Emails reveal British American Tobacco made illegal payments to two members and one former member of the World Health Organization's Framework Convention on Tobacco Control. British American Tobacco lobbyist Julie Adell-Owino arranged bribes totalling USD 26,000 for three public officials in Rwanda, Burundi and the Comoros Islands. All three officials were connected to a United Nations effort to reduce the number of tobacco related deaths, the Framework Convention on Tobacco Control. [62] British-American Tobacco's response to the allegations stated: "The truth is that we do not and will not tolerate corruption, no matter where it takes place." But the evidence, as presented, looks damning. [64] In 2016, lawyers investigating bribery and corruption allegations against one of the world’s leading tobacco firms have been urged to expand their investigation after fresh international accusations emerged. According to court documents seen by The Independent on Sunday, two former police officers who went to work for private corporate investigation companies paid cash to South African law enforcement officials to disrupt British American Tobacco’s competitors’ business operations. [65] South African Revenue Service (SARS) says it is owed R 143 million by the local arm of British American Tobacco as a result of tax fraud and evasion. [66] In 2014, South African subsidiary British American Tobacco Zimbabwe (Batz) was under scrutiny from SARS who has unearthed errant and illegal behavior on the part of the company. [67] Marketing to KidsBritish American Tobacco is under investigation by the UK Advertising Standards Authority over concerns the company promoted nicotine e-cigarettes and were likely to appeal to people under 18 years old. [68] Vype, a range of e-cigarettes owned by British American Tobacco, has been using fashion-style advertising to reach potential new customers, including glossy shoots with Lily Allen in which she matches different devices to her outfits. [69] For a full list of Marketing to Kids cases look here. British American Tobacco signed up New Zealanders with large social media followings to promote its e-cigarette brand Vype by posting pictures of themselves vaping on Instagram. [70] Campaign for Tobacco-Free Kids investigation into over 100 social media campaigns by Philip Morris International, British American Tobacco, Japan Tobacco International and Imperial Brands revealed tobacco companies pay social media influencers on platforms like Instagram, Facebook and Twitter to advertise their products. [71] Campaign for Tobacco-Free Kids reported British American Tobacco is behind several high profile influencer marketing campaigns for its Lucky Strike and Dunhill cigarette brands. An influencer paid to promote British American Tobacco brands explained: “I put the pack of cigarettes here on the table and I take a photo. Because it’s obviously illegal. So they have this group of people in every city… They try to create this thing where they give packets of cigarettes to people with a certain number of followers, so that they post a picture with the packet. The final image they want to give is that smoking Lucky Strike is cool." [71] Political SpendingFor a list of political contributions in the United States look here. According to the 2018 Annual report, the total amount of British American Tobacco’s political contributions made to non-EU political parties in 2018 was GBP 3,718,540 (2017: GBP4,832,321).[2]:70 RAI Companies reported political contributions totalling GBP 3,718,540 (USD 4,965,850) for the full year 2018 to US political organisations, non-federal-level political party committees and to campaign committees of various non-federal candidates. [2]:70 Research and DevelopmentPortal Chemical & Engineering News reported that representatives from British American Tobacco, Japan Tobacco International, Philip Morris International, and Reynolds American attended the annual meeting of the American Society for Cellular & Computational Toxicology focused on non-animal toxicology testing. The website cited the ultimate goal to: "to convince officials at the U.S. Food & Drug Administration’s Center for Tobacco Products (CTP) that in vitro methods for predicting respiratory toxicology in humans are ready for prime time." [72] A study by Oxford Economics, commissioned by British American Tobacco, revealed that Malaysia has the highest illegal cigarette incidence in the world and loses almost RM100 million every week to criminal smugglers and sellers. [73] Corporate Social ResponsibilityIn 2019, British American Tobacco announced the roll-out of VerifY, a scheme aimed at ensuring that all retailers of e-cigarettes are aware of their role in the prevention of access to vaping by under-18s. [74] British American Tobacco Bangladesh was amongst 28 companies honored for practising transparency and good governance in their day-to-day operations by the Institute of Chartered Secretaries of Bangladesh, a professional body tasked with developing, promoting and regulating the profession of chartered secretaries, organised the awards. British American Tobacco Bangladesh won the gold award in the manufacturing companies category. [75] In October 2018 Reuters reported that British American Tobacco ranked second and third (alongside Tesco) on the first Global Governance FTSE 100 League Table. The ranking judges companies based on their compliance with the 2015 Modern Slavery Act. [76] In 2016, British American Tobacco Peru and British American Tobacco Central America and Caribbean are “recognised … amongst top employers in LatAm 2016”. British American Tobacco Mexico has been recognised as the leading employer in the country and British American Tobacco West Africa won "awards for outstanding employee engagement strategies”. [77] British American Tobacco was named as a "Top Employer" for 2019 in eight countries – Australia, Bangladesh, Indonesia, Japan, Malaysia, Pakistan, South Korea and Vietnam, by the Top Employers Institute. [78] Bangladesh Labor Welfare Foundation (under the Bangladeshi Ministry of Labor and Employment) has received donations amounting to BDT 23,07,61,480 (approximately USD 2 million) from British American Tobacco Bangladesh. Acceptance of these donation was a clear breach of Guideline 4.10, under Article 5.3, of the WHO treaty Framework Convention on Tobacco Control. [79] Reporting and RegulationInvestigationsAccording to the Independent, British American Tobacco, Imperial Brands, Japan Tobacco International and Philip Morris International have all shifted their corporate structures to minimise their tax bills in the United Kingdom, researchers from the University of Bath found. Despite being headquartered in Britain, Imperial Brands paid an effective rate of just 13 per cent over the past seven years, during which corporation tax has varied between 20 per cent and 28 per cent. British American Tobacco is also based in the UK but paid “virtually no” corporation tax over the same period, including four consecutive years (2011-14) where it paid nothing at all, the paper found. [80] Tobacco LitigationBrazil's solicitor general's office is suing British American Tobacco Plc and Philip Morris International to recover the public health treatment costs of tobacco-related diseases over the last five years. [81] This move had been praised by the World Health Organisation. [82] A full list of tobacco industry litigation cases can be found here. Souza Cruz (a subsidiary of British American Tobacco ) was sentenced to pay around USD 180,000 to the widow of a smoker in Caxias do Sul. According ACT, this is the 1st time that the responsibility of the tobacco industry is recognized. Historically in Brazil, the industry has won all lawsuits filed by victims or relatives. [83] In a lawsuit, filed in the High Court in Auckland, Philip Morris (New Zealand) is suing British American Tobacco (New Zealand), alleging its larger rival is breaching competition law by locking retailers into contracts designed to preserve its dominance in a NZD 2.5 billion market. [84] In 2015, British American Tobacco, Philip Morris International and Japan Tobacco ordered to pay CAD 12.5 billion in damages to Quebec smokers. [85] In 2014, Philip Morris International and British American Tobacco, with support from other companies including Imperial Tobacco and Japan Tobacco International,made a legal bid to have new European Union picture health warnings and a ban on menthol cigarettes overturned. [86]
Partners and AlliesAccording to Transparency Register, in 2017 British American Tobacco disclosed it was a member of the following associations: [87]
A full list of memberships and associations is available on Tobacco Tactics wikipedia by clicking here. Right-wing lobbying group, the NZ Taxpayers’ Union, was identified as being supported by British American Tobacco. [88] LobbyingEuropean UnionThink-tanks from multiple countries received funding from British American Tobacco, Japan Tobacco International and Philip Morris International, alongside governments as they argued against tobacco controls. [89] According to Politico, among the lobbyists on the EU Transparency Register, representing British American Tobacco are Bernstein Public Policy and Red Flag. [90] The European Union Register lists the following lobbyists currently work for British American Tobacco:
The United KingdomCTF Partners, owned by Lynton Crosby, is a registered lobbyist for British American Tobacco on “issues impacting domestic tobacco industry”. [92] The 2018 Freedom of information requests revealed that the U.K. Foreign Office and the Department for International Trade had been championing the interests of British American Tobacco in the past. This is despite the government being forced to draw up new guidelines for UK embassy staff after it emerged in 2012 that the UK ambassador had been lobbying the Panama government on behalf of company. [93] AustraliaStrategic public affairs firm Wells Haslem Mayhew lists British American Tobacco Australia as one of their clients. [94] British American Tobacco Australia wants Western Australia to be the first state in the nation to change its e-cigarette regulations. British American Tobacco Australia has fronted WA's Parliamentary Select Committee on Personal Choice and Community Safety, which is assessing whether the use of electronic cigarettes should be made legal in the state. [95] British American Tobacco has previously donated to one of Australia’s most prominent right-wing think tank, the Institute of Public Affairs. [96] KenyaResearchers have previously suggested British American Tobacco has undue influence over the Kenyan government and is in breach of WHO tobacco convention. The company has been accused of intimidation and interference in the country. [97] In July 2017, the Guardian revealed that in Kenya and Uganda, British American Tobacco is seeking to prevent the government from taking preventative measures against tobacco. [98] PakistanIn 2018, Philip Morris International Inc and British American Tobacco Plc lobbied Pakistan’s government to not implement bigger health warnings on cigarette packs. British American Tobacco, through its local subsidiary, also lobbied then Prime Minister Shahid Khaqan Abbasi with a letter and met Pakistani officials, according to government documents and a review of the October 2017 correspondence. [99] South ArficaPhilip Morris South Africa previously contributed to the Free Market Foundation, a South African libertarian think-tank.[100] UgandaIn July 2017, the Guardian revealed that in Kenya and Uganda, British American Tobacco is seeking to prevent the government from taking preventative measures against tobacco. [101] United StatesLobbying expenses reported in 2018:
Wall Street Journal reported British American Tobacco plans to challenge possible restrictions on menthol cigarettes in the United States and argue that a ban in Canada hasn’t reduced smoking rates. [103] Think-tanks & International Organizations
Front GroupsBritish American Tobacco is a Silver member of the Scottish Grocers Federation, a front group 'promoting responsible community retailing by lobbying, communication, networking and advice.' As of 2018, Japan Tobacco International and Imperial Tobacco were both listed as members on the organization's website. [105] British think-tank Institute of Economic Affairs has carried articles opposing tobacco taxes. While the think tank does not disclose its funding online, Open Democracy and Guardian reported it has received money from British American Tobacco in the past. [106] [107] Ceylon Tobacco Company is a part of a consortium of multinational corporations in Sri Lanka known as the League of Multinational Corporates. Business Mirror described them as a 'business association that will promote the island nation’s economic potential and initiate a dialogue with the government on the issues and opportunities in the investment landscape.' [108] Managing Director and Chief Executive Officer of the Ceylon Tobacco Company Michael Koest held the chairmanship of the organization as of 2018. [109] The Eliminating Child Labor in Tobacco-Growing is a front group for tobacco industry interests under the guise of a corporate social responsibility initiative. Eliminating Child Labor in Tobacco-Growing was co-founded by British American Tobacco and represents an alliance of tobacco companies and growers - led exclusively by members of the tobacco industry. In 2016 every member of the board came from tobacco. [110] The Organization has close ties to the United Nation's agency for labot, the International Labour Organization. The partnership has been ongoing since 2002 and seeks to eliminate child labour and promote workers’ rights in tobacco-growing communities in Brazil, Malawi, Tanzania, Uganda and Zambia. [111] In November 2018, the International Labour Organization announced it will no longer rely on tobacco-industry funding for its projects to end child labor and promote workers’ rights in select tobacco growing communities. The International Labour Organization will no longer rely on its public-private partnerships with the tobacco industry to fund projects on addressing child labor and tobacco workers’ rights in the short term. [112] In 2018, the Eliminating Child Labour in Tobacco Growing provided training and communications to farmers and rural community members to raise awareness of human rights issues, which reached over 134,000 beneficiaries in 2018. [2]:30 Tobacco Tactics reported a number of tobacco companies, including British American Tobacco were a donors to the Atlas Network in 2015 and 2016. According to the organisation's Wiki "internal tobacco industry documents show the Atlas Network has had a longstanding funding relationship with the tobacco industry." [113]. Full profile on the organisation can be found here. Banking, Auditing and Accounting
Marketing, Conferences and PR
References
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