Altria Group, Inc.

Definition

Altria Group, Inc. is a conglomerate primarily operating in the tobacco industry, known for its ownership of Philip Morris USA and stakes in various companies focused on smokeless products and wine. It engages in efforts to align with ethical guidelines and social responsibility amid the scrutiny of health impacts associated with tobacco products.

Related terms

Corporate Social Responsibility (CSR): The practice where businesses participate in initiatives that benefit society and go beyond what may be required by regulators or environmental protection groups.

Ethical Decision Making: The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Stakeholder Engagement:

The practice of involving individuals, groups or organizations who may be affected by or have an effect on an organization's actions and decisions, aiming to make business operations more transparent and accountable