Le Lézard
Classified in: Transportation
Subjects: CSR, MAT, ESG

Reynolds American Inc. Progresses on ESG Journey by Transitioning to Hybrid and Electric Vehicle Fleet


By 2025, Reynolds expects to reduce carbon emissions by over 1,000 tons a year from vehicles in fleet

WINSTON-SALEM, N.C., July 25, 2022 /PRNewswire/ -- Reynolds American Inc., the BAT Group's U.S. subsidiary, and its companies (Reynolds) is advancing its Environmental, Social & Governance (ESG) goals by transitioning its current 1,800+ vehicle trade and operations fleet to hybrid and electric models. The move will replace aging vehicles on a rolling basis over the next three years, resulting in a projected annual 1000+ ton reduction in carbon emissions.

"Our sales and trade marketing representatives average nearly 27,000 miles a year in their territories across the fifty states ? that's a lot of time on the road," said Ed Mirana, Senior Vice President, National Sales and Strategic Accounts at Reynolds. "With this move to hybrid vehicles, our sales and operations teams are driving progress on our sustainability ambitions."

Reynolds is collaborating with Ford Pro to transition its current fleet to a mix of vehicle models, including the Escape SEL Hybrid, Explorer Limited Hybrid, Ford E-Transit, and Ford-150 Lightning. Included in the 1,800+ fleet are nearly 50 light-duty Operations vehicles used across Reynolds' North Carolina and Tennessee facilities, which will be transitioned to a combination of hybrid and electric models as part of this initiative.

"We continue to push for new ways to reduce our use of resources and environmental impact. We have a bold global ambition for carbon-neutral operations by 2030, and reducing carbon emissions in our fleet is an important step on this journey. In addition, by 2024, more than 95% of all industrial vehicles used in Operations will be electric," said Bernd Meyer, Executive Vice President of Operations at Reynolds. "With these significant changes and investments over the next few years, we are currently on track to meet a fleet carbon emission reduction of 50% by 2025."

In 2022, approximately 650 hybrid and electric vehicles will replace internal combustible engine vehicles organization-wide.

Reynolds joins the BAT Group's growing list of markets across the globe, including Australia, Colombia, Germany, Mexico, and the Netherlands, where trade and operations fleet transitions to hybrid and electric vehicles are well underway.

About Reynolds American Inc.

Reynolds American Inc. is a wholly-owned subsidiary of the BAT Group and the U.S. parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., American Snuff Company, LLC, R.J. Reynolds Vapor Company, and Modoral Brands Inc. To learn more about Reynolds American Inc. and its operating companies, please visit www.reynoldsamerican.com.   

Media Contact:

[email protected]

Forward Looking Statements
This release contains certain forward-looking statements, including "forward-looking" statements made within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words or phrases such as "believe," "anticipate," "could," "may," "would," "should," "intend," "plan," "potential," "predict," "will," "expect," "estimate," "project," "positioned," "strategy," "outlook", "target" and similar expressions. These include statements regarding our ESG targets.

All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors. It is believed that the expectations reflected in this release are reasonable but they may be affected by a wide range of variables that could cause actual results to differ materially from those currently anticipated. A review of the reasons why actual results and developments may differ materially from the expectations disclosed or implied within forward-looking statements can be found by referring to the information contained under the headings "Forward-looking statements" and "Group Principal Risks " in the 2021 Annual Report and Form 20-F of British American Tobacco p.l.c. (BAT).
Additional information concerning these and other factors can be found in BAT's filings with the U.S. Securities and Exchange Commission ("SEC"), including the Annual Report on Form 20-F and Current Reports on Form 6-K, which may be obtained free of charge at the SEC's website, http://www.sec.gov and BAT's Annual Reports, which may be obtained free of charge from the British American Tobacco website www.bat.com.
Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. The forward-looking statements reflect knowledge and information available at the date of preparation of this release and BAT undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on such forward-looking statements.

SOURCE Reynolds American Inc.


These press releases may also interest you

at 11:30
The "Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting, 2W and Region - Global Forecast...

at 11:10
Global Automotive Vents Market 2023-2027The analyst has been monitoring the automotive vents market and it is poised to grow by $1240.88 mn during 2023-2027, accelerating at a CAGR of 5.5% during the forecast period. Our report on the automotive...

at 11:00
More U.S. drivers are open to opting into usage-based insurance (UBI) programs to save on their auto insurance premiums, yet more widespread acceptance of telematics programs and UBI remains elusive due to privacy concerns, according to a new study...

at 10:45
The "Helicopters Market by Point of Sale, OEM-by Component & System, Type, Application (Military, Civil and Commercial), Number of Engines (Twin Engines, Single Engines) and Region; Aftermarket - by Component & System and Region- Global Forecast to...

at 10:45
According to the recent market research study published by P&S Intelligence, in 2021, the automotive sunroof market was worth $6.43 billion, and it is expected to reach $14.19 billion by 2030, advancing at a 9.2% CAGR from 2021 to 2030. This is due...

at 10:30
As leaders in the evaluation of diminished value, Wreck Check Atlanta offers no-cost personalized consultation and can provide an accurate assessment of how the worth of a...



News published on 25 july 2022 at 10:00 and distributed by: