At Corby, we are deeply committed to fostering a sustainable future through our Circular Making pillar, which emphasizes the importance of resource efficiency and waste reduction. We believe that by embracing circular economy principles, we can significantly minimize our environmental impact while maximizing the value of our products throughout their lifecycle. Our initiatives focus on the 5 key principles at each step of our product lifecycle: Rethink, Reduce, Reuse, Recycle and Respect. Our commitment to a circular economy is reflected in our key targets which focuses on reducing emissions, water consumption and packaging waste.
| Key Targets: | Pernod Ricard Performance Target | Pernod Ricard Performance in FY23 |
| Reduce Scope 1 and 2 GHG emissions by 54% (in absolute value) vs FY22 | -12% | -54% |
| Reduce Scope 3 FLAG (forest, land and agriculture) emissions by 30.3% and non-FLAG emissions by 25% by FY30 from a FY22 baseline, | 30.3% FLAG
25% non-FLAG |
|
| Use only renewable electricity on production sites and in administrative offices | 75% | 100% |
| Reduce overall water consumption intensity (per unit of distilled alcohol) by 20% vs FY18 | -8.1% | 20% |
| Ensure all packaging is recyclable, reusable, or compostable | 100% | 98% |
In May 2024, Pernod Ricard’s net-zero science-based targets in line with a 1.5°C trajectory were approved by the Science Based Targets initiative (SBTi).
- In the near-term, Pernod Ricard commits to reducing absolute scope 1 & 2 emissions by 54% by FY30 from a FY22 baseline. The Group also commits to reducing absolute scope 3 FLAG (forest, land and agriculture) emissions by 30.3% and non-FLAG emissions (purchased goods and services, upstream transportation and distribution) by 25% within the same timeframe. Pernod Ricard also commits to no deforestation across its primary deforestation-linked commodities by the end of 2025.
- In the long term, Pernod Ricard commits to reducing its absolute scope 1 & 2 emissions and its scope 3 non-FLAG emissions by 90% by FY50 from a FY22 baseline. Pernod Ricard also commits to reducing absolute scope 3 FLAG emissions by 72% within the same timeframe.
This ambition will be achieved through robust carbon reduction roadmaps and measures including:
- Distilleries: Procuring renewable electricity, moving to alternative energy sources (biomass, biofuels), using new technologies including for heat recovery, and driving energy efficiency.
- Packaging: Decreasing bottle weight, augmenting recycled content, innovating and exploring new materials and developing closed-loop distribution models.
- Transport and logistics: Optimizing shipping loads, switching to electric or biofuel-powered transportation and exploring alternative modes of transportation.
- Agriculture: Implementing regenerative agricultural practices aimed at restoring natural ecosystems, reducing carbon emissions and enhancing carbon sequestration in the soil.
Pernod Ricard is a proud partner of:
An initiative that seeks to mobilize a critical mass of business leaders to address global water challenges through corporate water stewardship in partnership with the United Nations, governments, civil society and other stakeholders.
A charity committed to creating a circular economy, which is designed to eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature.