1、 Building the Enterprise of the FutureAnnual Report and Form 20-F 2020Ambitious Environmental Targets2025203030%Of our direct energy from renewable sources35%Reduce the total amount ofwater withdrawn from our 2017 baseline100%Of plastic packaging to be reusable,recyclable orcompostable 30%Reduce our
2、 absolute Scope 1 and Scope 2 CO2e emissions from our 2017 baselineCarbon Neutrality TargetTarget of 50mn Consumers of Non-Combustible ProductsAmbitious Business GoalsNew Category Revenue Target of5bn20252030dBAT Annual Report and Form 20-F 2020To reduce the health impact of our business by offering
3、 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 would otherwise continue to smoke to switch completely to scientificall
4、y-substantiated,reduced-risk alternatives.*In order to deliver this,BAT is transforming into a truly consumer-centric multi-category consumer products business.Our Purpose*Based on the weight of evidence and assuming a complete switch from cigarette smoking.These products are not risk free and are a
5、ddictive.Our products as sold in the US,including Vuse,Velo,Grizzly,Kodiak,and Camel Snus,are subject to FDA regulation and no reduced-risk claims will be made as to these products without agency clearance.ConsumerDigital InsightsConsumerMomentsProduct SatisfactionIndexConsumerCentricityMulti-Catego
6、ryPortfolioDigitallyEmbeddedRGMProductBoundaries01BAT Annual Report and Form 20-F 2020Strategic ReportGovernance ReportFinancial StatementsOther InformationInside This ReportStrategic ReportOverviewChairmans Introduction 02Responding to the COVID-19 Pandemic 03Chief Executives Review 04Finance and T