Cigarettes aren’t just bad for cigarette smokers—they are poisoning the environment. About 4.5 trillion cigarette butts litter the planet each year, and those stubs can take many years to decompose.
This helps explain why researchers have found waste from cigarette butts in 70% of seabirds and 30% of sea turtles. Cigarette butts are the most-littered item found on the world’s beaches—more than plastic straws, cans and bottles, or grocery bags.
These are some of the reasons Bank of the West does not provide financial products or services to companies or business groups that derive a significant portion of their revenue from tobacco products. This applies to tobacco manufacturers. It also applies to upstream and downstream players in the tobacco manufacturing chain, including farmers, producers, retailers, and business-to-business tobacco distributors.
For more about how we restrict tobacco sector financing, please see the policy document linked here.