IFRS Foundation


  • GHG Emissions
  • Air Quality
  • Energy Management
  • Water & Wastewater Management
  • Waste & Hazardous Materials Management
  • Ecological Impacts

Social Capital

Human Capital

  • Labor Practices
  • Employee Health & Safety
  • Employee Engagement, Diversity & Inclusion

Business Model & Innovation

  • Product Design & Lifecycle Management
  • Business Model Resilience
  • Supply Chain Management
  • Materials Sourcing & Efficiency
  • Physical Impacts of Climate Change

Leadership & Governance

  • Business Ethics
  • Competitive Behavior
  • Management of the Legal & Regulatory Environment
  • Critical Incident Risk Management
  • Systemic Risk Management
General Issue Category
(Industry agnostic)

Disclosure Topics (Industry specific) for:

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Customer Welfare

Public Health

Tobacco use can lead to serious health risks as established by many scientific studies over the past several decades. Health problems associated with tobacco include lung disease, cancer, and heart disease. Tobacco product manufacturers have faced lawsuits from individuals, governments, corporations, and other groups. In some cases, these have resulted in multibillion-dollar settlements. A growing public awareness of the associated health risks has driven down tobacco use dramatically in many countries. Tobacco product manufacturers are introducing an array of “harm reduction” products, such as non-tobacco nicotine products and heated tobacco products, aimed at minimizing the health impacts of tobacco use while accessing new markets. Future scientific studies could reach new conclusions on these assertions of reduced harm, with continuing impacts on company revenue and growth potential.

Selling Practices & Product Labeling

Marketing Practices

Tobacco product labeling and marketing is heavily regulated internationally. The World Health Organization’s Framework Convention on Tobacco Control has led many countries to introduce new, stricter regulatory approaches to prevent people from adopting tobacco use at a young age through transparent advertising about tobacco’s health risks. The industry has faced costly legal battles related to the marketing and advertising of its products. Marketing for combustible and new non-combustible products have to balance regulatory requirements with the need to reach new markets. Failing to properly manage social externalities may lead to further unfavorable regulation and erode the industry’s social license to operate. Companies that effectively manage this issue can reduce the likelihood of extraordinary expenses, improve market share, and decrease liabilities.

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