May 19, 2020

Philip Morris becomes first multinational to obtain global equal salary certification

Philip Morris International
Marian Salzman
André Calantzopoulos
EQUAL-SALARY
hotmaillogin
2 min
Philip Morris becomes first multinational to obtain global equal salary certification

Leading tobacco company Philip Morris International announced this week that it has become the world’s first international company to be certified globally for equal pay by the independent third-party EQUAL-SALARY Foundation.

“The global EQUAL-SALARY certification demonstrates the great amount of work our colleagues across the world have accomplished in confirming equal pay for equal work throughout PMI worldwide,” said André Calantzopoulos, CEO of PMI. “We need to use this moment to celebrate and continue building an inclusive, gender-balanced organization as we deliver upon our transformation and a smoke-free future.”

The equal pay certification highlights Philip Morris’ renewed commitment to corporate social responsibility that has manifested over the past year, by placing inclusion and diversity at the core of its business strategy as a key enabler for the company’s business transformation from a traditional cigarette manufacturer to a science and technology-focused company with a pipeline of smoke-free products.

In an interview with Business Chief, Philip Morris' Senior VP of Communications, Marian Salzman said: “I have never seen a company that cares more about getting it right on this topic of inclusion and diversity.”

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The EQUAL-SALARY certification methodology verifies that PMI pays all of its employees, in more than 90 countries worldwide, equally for equal work, regardless of gender. The EQUAL-SALARY process includes a statistical analysis of all salaries of PMI staff worldwide and onsite audits of PMI country affiliates by PWC, the foundation’s entrusted third-party auditor. The auditors talk to management to confirm their commitment to gender pay equality, hold focus groups with employees to understand their perception of that commitment, and review HR-related policies and practices to identify gender bias, recommending corrective actions as needed. This rigorous process spanned the course of 18 months, involving input and commitment from top down and bottom up, demonstrating the company’s commitment to equality.

“By its global character, the certification of Philip Morris International is a major step for pay equality between women and men,” said Véronique Goy Veenhuys, founder and CEO of the EQUAL-SALARY Foundation. “That a leading Fortune 500 company makes such a commitment is a strong signal. We are proud of the international scale that PMI’s global certification gives to our cause.”

The accreditation of PMI’s global EQUAL-SALARY certification kicks off a dedicated week of activities, the “Week of Women,” culminating in an immersive day of discussion and learning on International Women’s Day.

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Jun 10, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
G7Summit
Sustainability
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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