Pernod Ricard Outlines ESG Goals, Aims to Reach Them by 2030
03 Avril 2019 - 5:39PM
Dow Jones News
By Maitane Sardon
Pernod Ricard SA (RI.FR), the French beverage company, on
Wednesday outlined new sustainable targets as part of its effort to
be more socially and environmentally responsible.
The company aims to hit the targets, which support the United
Nations Sustainable Development Goals, by 2030, it said.
The strategy comes as alcohol makers face increasing pressure
from investors using environmental, social and governance criteria
in their decisions.
Alcoholic drinks require large amounts of raw materials to
produce and can have a negative impact on consumers' health.
Some of the Pernod's environmental commitments are aimed at
minimizing the impact of how it produces, uses and transports its
products. These measures include a ban on all its single-use
promotional items, such as bar mats or ice buckets, in the 86
countries where it operates, and an aim to make all of its
packaging recyclable, compostable or reusable by 2025.
The company said it aims to halve the intensity of its carbon
emissions by 2030, and to be water-balanced by replenishing 100% of
water consumption from its production sites.
Pernod's social goals are mainly built around gender diversity
and responsible drinking. The group said it will ensure equal pay
across the business by 2022 and aims to have gender-balanced top
management teams by 2030. Regarding responsible drinking, Pernod
said each of its affiliates globally would have at least one
program to fight alcohol misuse by 2030. Elsewhere, the company
will work to raise student awareness about responsible consumption,
it said.
Write to Maitane Sardon at maitane.sardon@dowjones.com
(END) Dow Jones Newswires
April 03, 2019 11:24 ET (15:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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