Bacardi
Bacardi Limited, a renowned name in the spirits industry, is headquartered in Bermuda (BM) and operates extensively across the Americas, Europe, and Asia. Founded in 1862, Bacardi has established itself as a leader in the production of premium rum and other spirits, with a rich heritage that includes key milestones such as the introduction of the iconic Bacardi rum. The company’s core offerings include a diverse range of rums, vodkas, and whiskies, distinguished by their unique flavours and artisanal craftsmanship. Bacardi's commitment to quality and innovation has solidified its position as one of the largest privately-held spirits companies globally, celebrated for its award-winning products and sustainable practices. With a legacy spanning over 160 years, Bacardi continues to shape the spirits market, appealing to consumers seeking authenticity and excellence.
DitchCarbon Score
How does Bacardi's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Beverage Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bacardi's score of 43 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bacardi's reported carbon emissions
In 2023, Bacardi Limited reported total greenhouse gas emissions of approximately 1,139,000 kg CO2e, with Scope 1 emissions at about 103,086,000 kg CO2e and Scope 2 emissions at approximately 31,950,000 kg CO2e. Notably, the company has set ambitious climate commitments, aiming for net-zero emissions across its value chain by FY2050. Bacardi's near-term targets include a 42% reduction in absolute Scope 1 and 2 emissions by FY2030, using FY2023 as the baseline. Additionally, the company plans to reduce absolute Scope 3 emissions by the same percentage within the same timeframe. For its FLAG (Forestry, Land Use, Agriculture, and Greenhouse Gas) emissions, Bacardi targets a 30.3% reduction by FY2030. Long-term goals are equally ambitious, with a commitment to reduce Scope 1 and 2 emissions by 90% by FY2040 and Scope 3 emissions by 90% by FY2050, again using FY2023 as the baseline. Bacardi has also pledged to achieve no deforestation in its primary commodities by December 31, 2025. Overall, Bacardi's climate strategy reflects a strong commitment to sustainability and significant reductions in greenhouse gas emissions, aligning with industry standards for climate action.
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| 2015 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 77,307,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 30,703,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bacardi is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
