Next-generation products (NGPs), such as heated tobacco products, vapes, and oral nicotine pouches, are reshaping the strategic, regulatory, and ESG landscape of the tobacco subindustry. Major manufacturers are positioning NGPs at the core of their growth and harm reduction strategies. However, this new product segment, and its related marketing, harm reduction claims and waste, also exposes companies to potential lawsuits, regulatory risks and financial challenges. 

This report provides a comprehensive analysis of the evolving regulatory landscape, health and environmental impact, and company-level responses to the ESG risks associated with NGPs, offering a clearer view of which issuers are better positioned to navigate the evolving nicotine market. 

Readers of this report will learn: 

• What’s behind the growth of NGPs within the tobacco subindustry. 
• What’s driving the heightened ESG risks for companies in the NPG space. 
• Which companies are better managing the associated risks NGPs may pose.  

Download the report for full insights.