Vina Concha Y Toro

Viña Concha y Toro, headquartered in Chile, reported total carbon emissions of approximately 157,000 metric tonnes CO2e in 2023. This figure includes Scope 1 emissions of approximately 20,000 metric tonnes CO2e and Scope 3 emissions of approximately 126,000 metric tonnes CO2e. The company did not disclose Scope 2 emissions for 2023.

Looking back, their total emissions in 2022 were approximately 178,000 metric tonnes CO2e, comprising Scope 1 emissions of approximately 19,000 metric tonnes CO2e and Scope 3 emissions of approximately 147,000 metric tonnes CO2e. In 2021, total emissions were approximately 181,000 metric tonnes CO2e, with Scope 1 at about 17,000 metric tonnes CO2e and Scope 3 at about 151,000 metric tonnes CO2e.

Viña Concha y Toro has set ambitious climate commitments, including a near-term target to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 42% by 2030, using a 2022 base year. This target also includes a 30.3% reduction in absolute Scope 1 and 3 FLAG (Forest, Land and Agriculture) GHG emissions by 2030 from a 2022 base year, and a commitment to maintaining no deforestation across its primary deforestation-linked commodities.

The company has also committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2040. For the long term, Viña Concha y Toro aims to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2040 from a 2022 base year. They additionally target a 72% reduction in absolute Scope 1 and 3 FLAG GHG emissions by 2030 from a 2022 base year.

These targets are recognised by the Science Based Targets initiative (SBTi), with their near-term targets classified as consistent with reductions required to keep warming to 1.5°C. Viña Concha y Toro has also announced a voluntary commitment to achieving net-zero emissions by 2040, ahead of their initial 2050 goal.