Pernod Ricard
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Renewable Energy Share:69% (2021)
ESG Focus Areas
- Nurturing Terroir
- Valuing People
- Circular Making
- Responsible Hosting
Environmental Achievements
- Reduced Scope 1 and 2 CO2 emissions by 13% in 2021 compared to a baseline year (FY18).
- Achieved 69% renewable electricity use at production sites and administrative offices in 2021.
- 100% of single-use plastic promotional items banned since 2021.
- Implemented regenerative agriculture programs in multiple regions.
Social Achievements
- Achieved pay equity across the entire company in 2022 (0.9% pay gap).
- Trained 6,400 bartenders through the 'Bar World of Tomorrow' program.
- Employee sense of belonging at 76% (2% higher than industry average) in 2022.
- Ranked as one of the 800 best employers in the world and among the 'Top Female Friendly Companies' by Forbes.
Governance Achievements
- Appointed Conor McQuaid as EVP Corporate Communications, S&R and Public Affairs in July 2022.
- Issued a €750 million sustainability-linked bond in 2022.
- Maintained MSCI ESG Rating of AA since 2015 and received a Prime Rating of C+ in January 2023.
Climate Goals & Targets
Medium-term Goals:
- By 2030: Reduce Scope 1 and 2 CO2 emissions by 54% (absolute value).
- By 2030: Reduce Scope 3 carbon footprint intensity by 50%.
- By 2030: Replenish 100% of water consumption from production sites in high-risk watersheds.
- By 2030: Increase recycling rates in top 10 largest markets with low recycling levels.
- By 2030: Train 10,000 bartenders in sustainable and responsible practices.
- By 2030: Top Management will be gender balanced (40% women).
Short-term Goals:
- By 2025: All electricity used at production sites and offices will be renewable.
- By 2025: 100% of packaging will be reusable, recyclable, or compostable.
- By 2025: All markets will contribute to at least one responsible drinking initiative.
- By 2025: 100% of brand homes will be 'Responsible Host' certified.
Environmental Challenges
- Reducing the carbon footprint of agricultural raw materials.
- Reducing water use in high-risk watersheds.
- Increasing recycling rates in key markets.
- Combating harmful alcohol use.
Mitigation Strategies
- Investing in carbon-neutral distilleries and implementing MVR technology.
- Implementing drip irrigation and water replenishment projects.
- Piloting new circular distribution systems (EcoSPIRITS).
- Collaborating with industry members, civil society, and governments to promote responsible drinking.
Supply Chain Management
Responsible Procurement
- Sustainable sourcing of raw materials.
- Regenerative agriculture programs with farmers.
Climate-Related Risks & Opportunities
Physical Risks
- Climate change impacts on agriculture and water resources.
Transition Risks
- Regulatory changes related to emissions and sustainability.
Opportunities
- Development of sustainable products and practices.
Reporting Standards
Frameworks Used: UN Global Compact, UN Sustainable Development Goals, Science Based Targets initiative (SBTi)
UN Sustainable Development Goals
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
- Goal 15 (Life on Land)
The 'Good Times from a Good Place' roadmap aligns with these SDGs through various initiatives.
Sustainable Products & Innovation
- EcoSPIRITS closed-loop distribution system
Awards & Recognition
- Gold medal from EcoVadis (top 1% in wine & spirits industry)