1、Our purpose is to reduce the health impact of our business by offering agreater choice of enjoyable and less risky*products forourconsumers.We are clear that combustible cigarettes pose serious health risks.The only way to avoid these risks is not to start or to quit.However,we encourage those who w
2、ouldotherwise continue to smoke to switch completely to scientifically-substantiated,reduced-risk alternatives.*To deliver this,BAT is transforming into a truly multi-category consumer products business,with a mission to stimulate the senses of new adult generations.ESG Front and CentreOur corporate
3、 purpose puts ESG front and centre,with a principal focus on reducing the health impact of our global business in order to build A Better TomorrowTM.In 2022,we conducted a Double Materiality Assessment ahead of EU regulatory changes on sustainability reporting.Our new Combined Annual and ESG Report
4、integrates our business and sustainability strategy like never before and is designed to provide stakeholders with a more holistic view of our approach.For more details,see page 26.This Report is prepared with reference to current and future sustainability reporting requirements and frameworks,inclu
5、ding:UK Taskforce on Climate-related Financial Disclosures(TCFD)EU Sustainable Finance Disclosure Regulation(SFDR)EU Sustainability Reporting Standards(ESRS)of the EU Corporate Sustainability Reporting Directive(CSRD)Global Reporting Initiative(GRI)Sustainable Accounting Standards Board(SASB)Sustain
6、able Development Goals(SDGs)For more information,please visit New Category products are not smoking cessation devices and are not marketed for that purpose.*Based on the weight of evidence and assuming a complete switch from cigarette smoking.These products are not risk free and are addictive.Our va