Pernod Ricard's Climate Pledge: A Deep Dive into Its Commitments at Climate Week NYC

Pernod Ricard, a leading global spirits and wine company, is set to participate in Climate Week NYC, from September 22 to 29, 2024, as a partner. The event, organized by Climate Group, is a significant global platform for addressing climate change. Pernod Ricard will use this opportunity to reaffirm its climate commitments and unveil its roadmap, "Good Times from a Good Place," centered around four pillars: nurturing terroir, valuing people, circular making, and responsible hosting.




The company's commitment to regenerative agriculture is evident in its ambition to incorporate CSR challenges into its entire value chain. Pernod Ricard will present several initiatives aimed at reducing carbon emissions and water consumption linked to its activities and those of its suppliers. These initiatives support the transition towards regenerative agriculture and more circular production.


Pernod Ricard's net-zero targets, aligned with a 1.5°C trajectory, have been validated by the Science Based Targets initiative. Maria Pia De Caro, EVP of Integrated Operations and S&R, will participate in a round table discussion at Climate Week NYC to share these commitments. Noémie Bauer, Group Chief Sustainability Officer, will also take part in a UN Global Compact Leaders' Summit round table, focusing on the impact of corporate water stewardship.




Patricia Ricard, President of the Paul Ricard Oceanographic Institute, has been appointed Patron of Nature. This recognition highlights the Institute's initiatives to understand, explain, and protect the sea. The Institute operates on the model of Public-Private-Philanthropic Partnerships (PPPP) and has been a member of the International Union for Conservation of Nature (IUCN) since 2022. Patricia Ricard will also participate in a "Friends of Ocean Action" meeting at Climate Week NYC.


Pernod Ricard's involvement in Climate Week NYC and its commitments to regenerative agriculture and circular production position it as a leader in the spirits industry's sustainability landscape. The company's roadmap, "Good Times from a Good Place," aligns with its net-zero targets and encompasses key initiatives under each pillar, such as nurturing terroir through sustainable farming practices, valuing people through fair labor practices, circular making through waste reduction and recycling, and responsible hosting through eco-friendly events and packaging.




The expected outcomes and impacts of the projects and partnerships Pernod Ricard plans to announce during Climate Week NYC include reduced carbon emissions, water savings, and improved resource management. These initiatives contribute to the company's net-zero targets and demonstrate its commitment to sustainability and responsible business practices.


Investment opportunities associated with Pernod Ricard's climate commitments may lie in the company's ability to reduce costs through improved efficiency and resource management, as well as its potential to tap into emerging markets for sustainable products and services. However, risks may include regulatory challenges, technological hurdles, and competition from other companies with similar sustainability goals.


In conclusion, Pernod Ricard's participation in Climate Week NYC and its reaffirmed climate commitments demonstrate its leadership in the spirits industry's sustainability landscape. The company's roadmap, "Good Times from a Good Place," and its initiatives in regenerative agriculture, water stewardship, and ocean conservation position it as a strong contender in the global fight against climate change.