Pernod Ricard

Pernod Ricard reported total emissions of approximately 1.99 billion kg CO2e in 2024. This included approximately 211.4 million kg CO2e from Scope 1 emissions, about 21.7 million kg CO2e from Scope 2 emissions, and roughly 3.07 billion kg CO2e from Scope 3 emissions.

Pernod Ricard has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its value chain by FY2050.

Near-term targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 54.0% by FY2030 from a FY2022 base year. These targets are consistent with reductions required to keep warming to 1.5°C.
• Reducing absolute Scope 3 GHG emissions covering purchased goods and services and waste generated in operations by 25.0% by FY2030 from a FY2022 base year.
• Reducing absolute Scope 3 FLAG (Forest, Land, and Agriculture) GHG emissions by 30.3% by FY2030 from a FY2022 base year.
• Committing to no deforestation across its primary deforestation-linked commodities by December 31, 2025.

For the long term, Pernod Ricard aims to:

• Reduce absolute Scope 1 and 2 GHG emissions by 90.0% by FY2050 from a FY2022 base year.
• Reduce absolute Scope 3 GHG emissions by 90.0% by FY2050 from a FY2022 base year.
• Reduce absolute Scope 3 FLAG GHG emissions by 72.0% by FY2050 from a FY2022 base year.

Previously, Pernod Ricard committed to reducing absolute Scope 1 and 2 GHG emissions by 30% by 2030 from a 2018 base year, and to increasing annual sourcing of renewable electricity from 74.5% in 2018 to 100% by 2025. They also committed to reducing Scope 3 GHG emissions from purchased goods and services and upstream transportation and distribution by 50% per unit of value added by 2030 from a 2018 base year.

Pernod Ricard is also targeting carbon-neutral distillation by 2026, with an additional investment of €50 million to achieve this goal at one of its existing distilleries.