Bacardi

For the beverages industry, Bacardi, headquartered in Bermuda (BM), reported a total of approximately 1,009.7 million kg CO2e in 2024. This figure comprises approximately 115.7 million kg CO2e in Scope 1 emissions, around 27.4 million kg CO2e in Scope 2 emissions, and approximately 953.8 million kg CO2e in Scope 3 emissions.

Bacardi has set ambitious climate targets, aligned with the Science-based Targets initiative (SBTi). The company committed to reducing absolute GHG emissions from its operations (Scopes 1 and 2) by 50% and emissions across its entire value chain (Scopes 1, 2, and 3) by 20% by 2025, using a 2015 baseline year. More recently, Bacardi has committed to reducing absolute Scope 1 and 2 GHG emissions by 42% by FY2030 and absolute Scope 3 GHG emissions by 42% within the same timeframe, from a FY2023 base year. The company aims to achieve net-zero greenhouse gas emissions across its value chain by FY2050, with a commitment to reduce absolute Scope 1 and 2 GHG emissions by 90% by FY2040 from a FY2023 base year. Bacardi also aims for net-zero direct operations by 2040. Additionally, they are committed to no-deforestation across their primary deforestation-linked commodities by December 31, 2025.