Feelm has joined the Carbon Disclosure Project (CDP) as part of its parent company Smoore's IPO plans.
CDP is an independent nonprofit organization responsible for managing a global disclosure system and repository, which provides companies, municipal authorities, and organizations around the world with the means to report on their environmental impacts.
In 2021, over 680 financial institutions representing assets worth over $13 trillion supported CDP's call for data sharing, while more than 13,000 companies, accounting for 64% of the world's market capitalization, disclosed their information through CDP's database. Companies such as Philip Morris International, British American Tobacco, Japan Tobacco International, Altria, and Imperial Tobacco also participated in CDP.
In May 2022, Feelm announced its commitment to achieving carbon neutrality by 2050. Its strategic plan includes introducing a zero-carbon solution for electronic cigarettes, using eco-friendly materials and green packaging, promoting decarbonization of its global supply chain, and collaborating with customers to implement a plan for electronic cigarette and device recycling.
Sofia Luo, the marketing director of Feelm's business department, stated in a press release that carbon neutrality is an important component of their comprehensive ESG strategic plan, as it helps accelerate their business transformation.
This is why Feelm is following the measures and roadmap outlined in the "Business Net Zero Pathways" released by the United Nations in 2021. Feelm will continue to adhere to UN standards, disclose information transparently, and welcome scrutiny from international organizations and the public in order to achieve our vision of developing a sustainable, eco-friendly, low-carbon economy.
Source: Tobacco Reporter
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