Vina Concha Y Toro

Viña Concha y Toro, a Chilean food products company, has set ambitious climate commitments to reduce its carbon footprint.

In 2023, the company reported total emissions of approximately 157,000 tonnes CO2e. This included around 31,000 tonnes CO2e from Scope 1 emissions (direct emissions from owned or controlled sources) and approximately 126,000 tonnes CO2e from Scope 3 emissions (indirect emissions from the value chain). Notably, Scope 2 emissions data (indirect emissions from the generation of purchased energy) was not available for 2023. This represents a decrease from 2022, when total emissions were approximately 178,000 tonnes CO2e, with Scope 1 at about 19,000 tonnes CO2e and Scope 3 at around 147,000 tonnes CO2e. In 2020, Viña Concha y Toro reported total emissions of approximately 218,000 tonnes CO2e, comprising around 15,000 tonnes CO2e for Scope 1, approximately 9,000 tonnes CO2e for Scope 2, and about 182,000 tonnes CO2e for Scope 3.

Viña Concha y Toro is committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2040. This commitment is supported by Science Based Targets initiative (SBTi) validated targets, aligning with a 1.5°C global warming scenario.

The company has set several near-term and long-term targets:

• Near-term targets (from a 2022 base year):
  • Reduce absolute Scope 1, 2, and 3 GHG emissions by 42% by 2030.
  • Reduce absolute Scope 1 and 3 FLAG (Forest, Land and Agriculture) GHG emissions by 30.3% by 2030, including emissions and removals.
  • Commit to maintaining no deforestation across its primary deforestation-linked commodities.
• Long-term targets (from a 2022 base year):
  • Reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2040.
  • Reduce absolute Scope 1 and 3 FLAG GHG emissions by 72% by 2030, including emissions and removals.

Additionally, Viña Concha y Toro aims to achieve a 35% reduction in its total emissions (Scope 1 and 2) by 2025, compared to a 2017 baseline, targeting levels of approximately 180,000 tonnes CO2e. These targets are consistent with reductions required to keep warming to 1.5°C.