Rémy Cointreau Brings a New Dimension to Its Climate Strategy With the Project #APlanetOfException
03 Novembre 2021 - 7:30AM
Business Wire
A dual commitment: The Group is joining the
Science-Based Targets initiative and contributing to large-scale
climate actions in its main markets
Regulatory News:
For the past decade, Rémy Cointreau (Paris:RCO) has worked to
reduce its environmental impact and especially its carbon
footprint. The group releases 0.5 kg(1) of CO2 for each euro of its
operating profit, compared with an average of 4.5 kg(2) for the
global beverage and food industry. The group therefore combines
a high level of profitability and a low carbon footprint. Even so,
it wants to take its efforts further and strengthen its
participation in global efforts to combat climate change and to
achieve worldwide carbon neutrality.
To celebrate COP 26, Rémy Cointreau is launching the project
#APlanetOfException which is structured around a dual
commitment. Firstly, it is officially joining the
Science-Based Targets initiative, and thus committing to
reducing its carbon footprint in line with the Paris climate
agreements. Secondly, it is committing to an annual contribution
to climate actions in its main markets.
Rémy Cointreau has officially committed to the Science Based
Targets by joining the “Business Ambition for 1.5°C” initiative,
which gathers companies with the most ambitious SBT objectives.
In this respect, it is confirming its targets announced in June
2020 as part of its 2030 strategic plan, which includes CSR
transformation as one of the four pillars. The group aims to reduce
its carbon emissions by 50% (in intensity) across its entire value
chain (scopes 1, 2, and 3) by 2030 and to reach “net zero
emissions” by 2050. With the help of consulting firm Quantis, the
group has launched several initiatives around its four major areas
for reduction: packaging (45% of the group’s total carbon
footprint), transport (20%), purchases of agricultural raw
materials (19%), and energy (7%). In addition, true to its values
and history, the group is convinced more than ever that these
objectives can be achieved only in close collaboration with its
suppliers and partners and with the involvement of all its
employees.
To participate in climate actions in its main markets, Rémy
Cointreau is also announcing its commitment with South Pole to make
annual contributions to projects in the United States and
China. The group will fund certified projects in renewable
energy and in forest restoration and sustainable management. These
actions will also support initiatives to protect the territories
(such as water conservation) and communities most vulnerable to
climate change (by promoting diversity and savoir-faire
transmission for instance) in keeping with the group’s values.
The scale of these actions will enable the Group to
contribute to its carbon neutrality from 2021/2022 based on
the growth forecasts of its 2030 plan and its CO2 reduction
actions.
With these new commitments in mind, Eric Vallat, CEO of the
Rémy Cointreau Group, explained: “Our Houses are rooted in
terroirs handed down from generation to generation. Climate change
and its consequences on our crops constitute a major challenge for
the Group. We are preparing for it, but we also have to fight
against it with all our strength. To help protect our planet, we
are proud to announce our ambition of achieving carbon neutrality,
starting in 2021/2022. This major long-term commitment can’t be an
end in itself though. It drives us to strive for our ambitious
goals to reduce our own emissions”.
About Rémy Cointreau:
All around the world, there are clients seeking exceptional
experiences; clients for whom a wide range of terroirs means a
variety of flavours. Their exacting standards are proportional to
our expertise – the finely-honed skills that we pass down from
generation to generation. The time these clients devote to drinking
our products is a tribute to all those who have worked to develop
them. It is for these men and women that Rémy Cointreau, a
family-owned French Group, protects its terroirs, cultivates
exceptional multi-centenary spirits and undertakes to preserve
their eternal modernity. The Group’s portfolio includes 14 singular
brands, such as the Rémy Martin and Louis XIII cognacs, and
Cointreau liqueur. Rémy Cointreau has a single ambition: becoming
the world leader in exceptional spirits. To this end, it relies on
the commitment and creativity of its 1,850 employees and on its
distribution subsidiaries established in the Group’s strategic
markets. Rémy Cointreau is listed on Euronext Paris.
About the Science-Based Targets Initiative:
Launched in June 2015, the SBTi is a joint project of the Carbon
Disclosure Project (CDP), the United Nations Global Compact, the
World Resource Institute (WRI), and the World Wildlife Fund (WWF).
The initiative aims to encourage companies to set greenhouse gas
(GHG) reduction targets reflecting scientific recommendations. The
goal consists in promoting strategies aligned with the level of
decarbonisation required to maintain global temperature increases
under 2°C, or even under 1.5°C, above pre-industrial temperatures,
in accordance with the recommendations of the Intergovernmental
Panel on Climate Change (IPCC) and the Paris Climate Agreement.
About Quantis:
Quantis guides top organizations to define, shape and implement
intelligent environmental sustainability solutions. In a nutshell,
its creative geeks take the latest science and make it actionable.
Its talented team delivers resilient strategies, robust metrics,
useful tools and credible communications for a more sustainable
future. A sustainability consulting group known for its
metrics-based approach to sustainability, Quantis has offices in
the US, France, Switzerland, Germany and Italy and has a diverse
client portfolio that spans the globe. Quantis is made up of
sustainability scientists, experts, strategists, innovators and
visionaries.
About South Pole:
Since 2006, South Pole has relied on its network of more than
500 experts to advise and support companies and institutions around
the world in their efforts to define and implement integrated,
ambitious sustainability strategies to tackle climate challenges. A
pioneer in decarbonisation, South Pole stands out for the tailored
development of certified climate projects according to the highest
standards, contributing to the reduction of global CO2 emissions
while supporting initiatives to protect the territories and
communities most vulnerable to climate change.
(1) Remy Cointreau Group’s total carbon footprint (scopes 1, 2,
and 3) / Current operating profit: 121.2KtCO2 eq/236.1M (2)
Source: Research report “Carbon: the equity risks &
opportunities” by Exane BNP Paribas; Total emissions tCO2
eq/EBIT
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Laetitia Delaye (CSR) +33 7 87 25 36 01 Célia d’Everlange
(Financial Communications) +33 6 03 65 46 78
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