Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved Viticulture Durable en Champagne (VDC) and Haute Valeur Environnementale (HVE) certifications in February 2018 for its main wine-growing entities.
• Reduced organic pollution (Chemical Oxygen Demand, or COD) by 99% through the creation of an in-house water treatment plant.
• Switched from wood pallets to wire pallets, recycling the unused wood pallets.

Social Achievements

• Implemented employee profit-sharing schemes at Champagne Laurent-Perrier, Champagne de Castellane and Château Malakoff.
• Implemented employee incentive schemes at Champagne Laurent-Perrier, Champagne de Castellane, Château Malakoff, GIE Laurent-Perrier Diffusion, Grands Vignobles de Champagne, A.S. and Laurent-Perrier.
• Offered support for employees in end-of-career management and the possibility for some employees to anticipate retirement as part of a career-related leave.

Governance Achievements

• Complies with French corporate governance requirements, namely the MIDDLENEXT corporate governance code.
• Established an Environmental Responsibility Committee in June 2020.
• Implemented a procedure to regularly assess whether agreements relating to current transactions concluded under normal conditions do indeed meet these conditions.

Climate Goals & Targets

Environmental Challenges

• Geopolitical instability and macroeconomic risks (implementation of import restrictions, changes in regulations, changes in State policy, armed conflicts, etc.).
• Climate change (increase in average temperatures and more frequent occurrence of extreme meteorological events).
• Supply chain disruptions due to weather conditions, diseases that can attack the vines, and the extension of planted areas.

Mitigation Strategies

• Diversification of customer base and markets.
• Strengthening partnerships with growers in the Champagne region.
• Implementing sustainable wine-making methods.
• Investing in winery capacity and improving occupational safety and environmental protection.

Supply Chain Management

Responsible Procurement

• Champagne sustainability charter

Climate-Related Risks & Opportunities

Physical Risks

• Extreme meteorological events

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Societal

Environmental Achievements

• Achieved Viticulture Durable en Champagne (VDC) and Haute Valeur Environnementale (HVE) certifications in February 2018 for its main wine-growing entities.
• Cut organic pollution (Chemical Oxygen Demand, or COD) by 99% through the creation of an in-house water treatment plant.

Social Achievements

• Implemented employee profit-sharing schemes at Champagne Laurent-Perrier, Champagne de Castellane and Château Malakoff.
• Implemented employee incentive schemes at Champagne Laurent-Perrier, Champagne de Castellane, Château Malakoff, GIE Laurent-Perrier Diffusion, Grands Vignobles de Champagne, A.S. and Laurent-Perrier.

Governance Achievements

• Complies with French corporate governance requirements, namely the MIDDLENEXT corporate governance code tailored to family-owned companies.

Climate Goals & Targets

Environmental Challenges

• Geopolitical instability and macroeconomic risks (Changes in regulations, changes in State policy, armed conflicts, implementation of import restrictions, etc.)
• Climate change (increase in average temperatures and more frequent occurrence of extreme meteorological events)
• Supply chain disruptions due to weather conditions, diseases that can attack the vines, and the extension of planted areas.

Mitigation Strategies

• Continuing to execute its 2022-2025 business plan with vigilance and confidence, and maintaining its value strategy.
• Implementing energy saving measures (electricity, gas, fuel)
• Securing grape supplies through contracts and strengthening partnerships with growers.
• Implementing sustainable wine-making methods in its vineyards.

Supply Chain Management

Responsible Procurement

• Champagne sustainability charter

Climate-Related Risks & Opportunities

Physical Risks

• Extreme meteorological events

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Societal

Environmental Achievements

• Achieved Viticulture Durable en Champagne (VDC) and Haute Valeur Environnementale (HVE) certifications in February 2018 for its main wine-growing entities.
• Reduced organic pollution (Chemical Oxygen Demand, or COD) by 99% through the creation of an in-house water treatment plant.
• Minimized waste generation through recycling and recovery of by-products.

Social Achievements

• Implemented employee profit-sharing schemes.
• Implemented employee incentive schemes.
• Deployed several Gender Equality agreements and quality of life at work.

Governance Achievements

• Complies with French corporate governance requirements, namely the MIDDLENEXT corporate governance code.

Climate Goals & Targets

Environmental Challenges

• Climate risk/global warming and damage caused to the environment.
• Loss of a major industrial site/strategic stocks.
• Risks linked to CSR issues.
• Health and safety of people.
• Inventory management.
• Geopolitical instability and macroeconomics.
• Social acceptance of alcohol.
• Sourcing/supply disruption/grape supply.
• Rapid evolution of consumer behaviour.
• Brand image.
• Talent management.
• General organization.
• Pressure on prices.
• Ethics and risks of fraud.
• Foreign exchange risk.
• Interest rate risk.
• Liquidity and covenant risk.
• Counterparty risks.
• Stock market risks.
• Legal/regulatory risks.
• Brand protection.

Mitigation Strategies

• Implemented sustainable wine-making methods in its vineyards.
• Minimized waste generation and promoted recycling.
• Complies with wastewater treatment legislation and operates a water treatment plant.
• Strengthened the security of its information systems.
• Maintained its value strategy based on four pillars: single business, high-quality supply, strong brands, and controlled distribution.
• Implemented customer credit management procedures.
• Took measures to limit the impact of geopolitical risks through locally located structures.
• Raised awareness among employees about responsible consumption.
• Secured grape supplies through contracts and partnerships with growers.
• Adapted to changing consumer expectations and behaviors through different distribution channels.
• Implemented strict in-house rules to manage emergencies.
• Implemented various financial incentive measures and a dynamic training policy to attract and retain talent.
• Established precise descriptions of jobs and responsibilities.
• Implemented efforts in demand planning and supply contracts with suppliers.
• Implemented a procedure relating to whistleblowers and reports.
• Uses financial instruments derivatives to manage and operationally hedge the risk of exchange rate fluctuations.
• Adopts a prudent interest rate risk hedging policy.
• Constantly monitors liquidity risk with partner banks.
• Limits counterparty risk through diversification of customers and creditworthiness of counterparties.
• Organises meetings with analysts and investors.
• Implemented a crisis management procedure.
• Registered trademarks and implemented procedures to guarantee renewal of filings.

Supply Chain Management

Responsible Procurement

• Compliance with Champagne sustainability charter.

Climate-Related Risks & Opportunities

Physical Risks

• Heat waves, drought, floods, storms, fires