British American Tobacco plc

Company characteristics

Assessed report publication year
Financial year end 31/12/23
Sector Consumer Staples
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 51,336,746,880
Net profit margin -52.01%
CEO tenure 0.6 years
Employee count 49,839
FRF draft assessment response Yes

Reward scrutiny

Living wage accredited Yes Living wage (calculation for operating regions) Yes
Living hours accredited No Tax reporting (GRI 207) No

Remuneration policies

Remuneration committee 100% independent No Remuneration committee discretion applied No
Director from workforce No Trade union relations (disclosure) No
Worker consultation on top pay (disclosure) Yes 80%+ shareholder support on pay Yes

Reward outcomes

CEO total pay (GBP) 5,310,000 CEO total pay change -44.79%
CEO pay ratio (to median employee) 51:1 Percentage point increase in maximum variable remuneration
Pension award parity between CEO and wider workforce Yes Pay of the next highest exec compared to CEO
Gender pay gap (mean data) Consolidated UK wide GPG: 24% BAT Holdings: 36% BAT Investments: 19% BAT UK: -23% Nicoventures: 14% Gender pay (women % in top quartile) 32%
Ethnicity pay gap (disclosure) Yes Total dividend (GBP) 5,055,000