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 97% 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 1,140,000,000 kg CO2e, comprising 103,086,000 kg CO2e from Scope 1, 31,950,000 kg CO2e from Scope 2, and about 1,034,373,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing its carbon footprint significantly. Bacardi has set ambitious targets to address its emissions. The company aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2025, using 2015 as the base year. Additionally, Bacardi is committed to a 20% reduction in absolute value chain emissions (Scopes 1, 2, and 3) by the same year. Looking towards the future, Bacardi has established long-term goals, including a commitment to achieve net-zero emissions across its entire value chain by 2050. Near-term targets include a 42% reduction in absolute Scope 1 and 2 emissions and a 42% reduction in Scope 3 emissions by 2030, both from a 2023 base year. Furthermore, Bacardi plans to reduce Scope 3 FLAG emissions by 30.3% within the same timeframe. Bacardi's climate strategy also includes a commitment to no deforestation across its primary deforestation-linked commodities by December 31, 2025, and a long-term goal of reducing Scope 1 and 2 emissions by 90% by 2040, alongside a 90% reduction in Scope 3 emissions by 2050. These initiatives underscore Bacardi's dedication to sustainability and 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.
