Maybank IB Research said the industry is under increasing pressure to address the harmful effects of cigarette smoking, while rising global health awareness and unfavourable government policies pose additional challenges to the growth of the industry.
PETALING JAYA: British American Tobacco (M) Bhd
’s (BAT) environmental, social and governance (ESG) compliance is set to strengthen with its gradual diversification into non-combustible products, according to Maybank IB Research.
The research house said the industry is under increasing pressure to address the harmful effects of cigarette smoking, while rising global health awareness and unfavourable government policies pose additional challenges to the growth of the industry.
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