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Philip Morris thinks climate change is good for his tobacco

Rising global temperatures and extreme weather conditions cause bad news for the global economy.

A recent Trump report estimates that climate change could cause economic losses of hundreds of billions of dollars by the end of the century.

However, some large companies regard climate change as an opportunity to generate money.

Read more: Apple predicts other climate change disasters may increase demand for iPhone

According to thousands of information published by CDP, nonprofit organizations collecting information from companies about their environmental impact brands such as Wells Fargo, Honda and AT & T have identified ways to profit from extreme temperatures and climatic disasters.

In the case of Philip Morris International, a huge tobacco maker for popular Marlboro cigarettes, heavy rain could save the company about $ 10 million, informs CDP.

Since 1972, Marlboro has been the world's leading cigarette brand.
Arno Burgi / Picture Alliance / Getty Images

This is because the rain prolongs the life cycle of tobacco and keeps the soil moist for a long time. This would not only help the company to increase production, but it could also improve the quality of its cigarettes, as stable rainfall represents the ideal conditions for tobacco growth.

There is also the benefit of higher global temperatures, which the company's estimates could cause additional savings of $ 1 million a year.

Before making a cigarette, manufacturers must first dry or "cure" tobacco leaves in heated barns that use firewood to power the drier. Philip Morris believes that warmer weather will produce natural heat that could reduce the need to burn firewood.

This does not mean that society is ready to ignore climate change. If the latest forecasts of the Intergovernmental Panel on Climate Change are correct and global temperatures rise by 1.5 degrees by 2040, the world could experience disastrous heat waves, droughts, mass bursts and other events that could destroy tobacco production.

Tobacco farm in Pinar del Río, Cuba.
Alfonso Della Corte / Universal Images Group / Getty Images

Like many companies to get funding from climate change, Philip Morris also sees the risk of future disasters related to climate change.

In its statement Business Insider, the company said it focused on "minimizing the negative externalities" of its products.

"We have a significant impact on the communities and the environment around us that we are determined to address," the company said. "We can not do it alone."

The company said CDP is working to reduce its carbon footprint by minimizing energy consumption and reducing greenhouse gas emissions.

Such efforts were made by Philip Morris in the "A" category in the fight against climate change from CDP together with companies such as Bank of America and AT & T. Starbucks and McDonald gained "C" while Disney and American Airlines won "D."

In many cases, companies that have earned a strong letter of letters have been involved in tackling climate change as a way to improve their public image.

"We expect that our reputation could be strengthened by addressing sustainability and climate change," said Philip Morris in his statement, adding: "Leading performance in these areas could attract new investors and increase our attractiveness as an employer."

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