Bacardi Limited, commonly known as Bacardi, is a renowned name in the global beverages industry, with its headquarters situated in Bermuda (BM). Established in 1862, the company has a long-standing history of producing high-quality spirits, particularly its signature rum, which is celebrated for its distinctive flavour and craftsmanship. Bacardi operates across major regions worldwide, including the Americas, Europe, and Asia, maintaining a strong presence in the global spirits market.
As a leading player in the beverage sector, Bacardi’s portfolio extends beyond rum to include a variety of spirits and ready-to-drink products. Its commitment to innovation and quality has earned it a notable market position, making it one of the most recognised and trusted brands in the industry. With a focus on heritage and excellence, Bacardi continues to set standards in the global spirits market.
+17 vs industry average
Bacardi’s score of 47 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Beverage Manufacturing has typical carbon intensity
Industry performance
The Beverage Manufacturing industry has reduced its overall emissions by 48% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bacardi's reported carbon emissions
Bacardi's Climate Commitments and Emissions Overview
Bacardi, headquartered in Bermuda and operating within the Beverages industry, has established clear climate commitments, including ambitious net-zero targets.
Greenhouse Gas Emissions Data:
- 2023: Bacardi reported a total of approximately 1.14 billion kg CO2e. This included approximately 103.1 million kg CO2e for Scope 1 emissions, 32.0 million kg CO2e for Scope 2 emissions, and approximately 1.03 billion kg CO2e for Scope 3 emissions.
- 2024: For the most recent reporting year, Bacardi reported Scope 1 emissions of approximately 77.3 million kg CO2e and Scope 2 emissions of approximately 30.7 million kg CO2e. Scope 3 data for this year was not available.
- Historical Data:
- 2022: Scope 1 emissions were approximately 115.7 million kg CO2e, and Scope 2 emissions were approximately 21.9 million kg CO2e.
- 2021: Total emissions were approximately 119.6 million kg CO2e, comprising approximately 94.1 million kg CO2e (Scope 1) and 25.4 million kg CO2e (Scope 2).
- 2020: Total emissions were approximately 99.8 million kg CO2e, with Scope 1 at approximately 77.1 million kg CO2e and Scope 2 at approximately 22.6 million kg CO2e.
- 2019: Total emissions were approximately 62.9 million kg CO2e, with Scope 1 at approximately 36.9 million kg CO2e (including 1.2 million kg CO2e of process emissions) and Scope 2 (purchased electricity) at approximately 5.6 million kg CO2e.
- 2018: Total emissions were approximately 62.2 million kg CO2e, with Scope 1 at approximately 37.2 million kg CO2e (including 0.6 million kg CO2e of process emissions) and Scope 2 (purchased electricity) at approximately 5.6 million kg CO2e.
- 2017: Total emissions were approximately 55.8 million kg CO2e, with Scope 1 at approximately 31.0 million kg CO2e (including 0.6 million kg CO2e of process emissions) and Scope 2 (purchased electricity) at approximately 5.6 million kg CO2e.
- 2016: Total emissions were approximately 71.4 million kg CO2e, with Scope 1 at approximately 30.0 million kg CO2e (including 0.5 million kg CO2e of process emissions) and Scope 2 (purchased electricity) at approximately 5.6 million kg CO2e.
- 2015: Total emissions were approximately 108.0 million kg CO2e, with Scope 1 at approximately 77.3 million kg CO2e and Scope 2 at approximately 30.7 million kg CO2e.
Climate Targets and Commitments:
Bacardi has set comprehensive targets aligned with the Science Based Targets initiative (SBTi):
- Net-Zero Ambition: The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by fiscal year 2050. This includes a commitment to reduce absolute Scope 1 and 2 GHG emissions by 90% by fiscal year 2040 from a fiscal year 2023 base year. They also aim to reduce absolute Scope 3 GHG emissions by 90% by fiscal year 2050 from the same base year.
- Near-Term Targets (by FY2030):
- Bacardi commits to reduce absolute Scope 1 and 2 GHG emissions by 42% from a fiscal year 2023 base year.
- They also commit to reduce absolute Scope 3 GHG emissions by 42% within the same timeframe.
- A commitment to no-deforestation across its primary deforestation-linked commodities is in place with a target date of December 31, 2025.
- Previous Targets (by 2025 from a 2015 base year):
- A commitment to reduce absolute GHG emissions (Scopes 1 and 2) by 50% from its operations.
- A commitment to reduce emissions across the entire value chain (Scopes 1, 2, and 3) by 20%.
These commitments demonstrate Bacardi's dedication to mitigating its environmental impact and contributing to global climate goals within the beverages sector.
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Bacardi’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Bacardi yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Bacardi
Frequently asked questions
Common questions about Bacardi’s sustainability data and climate commitments
Data year: 2024
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