BAT
BAT, founded in 1902, is a global company listed on the London Stock Exchange with operations in over 150 markets and a workforce of over 46,000 people.
History
BAT was founded in 1902, and since then, it has established itself as a major global player in the tobacco and nicotine product industry. The company has grown to operate in over 150 markets worldwide. Over the years, BAT has diversified its product offerings, expanded its market presence, and listed on the London Stock Exchange, where it continues to be a significant entity.
Global Operations
BAT has a global presence with operations in over 150 markets around the world. The company's significant international footprint is supported by a workforce of over 46,000 employees. BAT's extensive network allows for efficient distribution and marketing of its wide portfolio of products, ensuring availability and reach in diverse markets.
Product Portfolio
BAT's diverse product portfolio includes several well-known brands such as Vuse, glo, and Velo. Vuse is the company's flagship brand of e-cigarettes, while glo is its leading Tobacco Heating Product. Velo represents BAT's range of Modern Oral nicotine pouches. The company continues to invest heavily in research and development to expand its offerings in the New Categories of smokeless products.
Sustainability Goals
BAT has a comprehensive sustainability agenda with several ambitious targets. By 2030, the company aims to achieve carbon neutrality for Scopes 1 & 2 and use 50% renewable energy. By 2025, it targets to make all packaging reusable, recyclable, or compostable and reduce water withdrawal by 35% compared to a 2017 baseline. The company has also set a target to achieve Net Zero GHG emissions by 2050.
Future Vision
BAT aims to become a predominantly smokeless business by 2035. The company has set a target to have 50 million consumers of its Non-Combustible products by 2030 and to generate £5 billion in New Categories revenue by 2025. BAT is heavily investing in innovative products and technologies through its corporate venture unit, Btomorrow Ventures, to achieve these goals and transform the future of the tobacco and nicotine industry.