By Nicki Bourlioufas
Australia’s largest wine producer Treasury Wine Estates has committed to achieving 50% woman in leadership roles by 2025 and to reducing carbon emissions by 3.1% globally.
TWE’s 2020 Sustainability Report details how the business is aiming to create long-term value for shareholders by implementing sustainable productions practices. TWE owns some of Australia’s most trusted premium brands, including Penfolds.
“This year’s report reflects our ongoing commitment to sustainability, and we are pleased with the progress we are making and our ability to have a positive impact on the areas that matter to our consumers, customers and communities,” said TWE’s Tim Ford, Chief Executive Officer.
The Report centres on four key pillars: Performance, Planet, People and Product. Highlights for the FY20 period include:
• Beginning a two-year Climate Scenario Analysis to identify the biggest risks and opportunities to arise from climate change.
• Introducing Global Packaging Guidelines with ambitious targets.
• Achieving a 96.2% diversion of waste from landfill.
• Mobilising global COVID-19 support and programs to strengthen mental health and wellbeing across the TWE workforce.
• Innovating to provide greater choice in lower alcohol options.
• Establishing Global Destination Zero Harm Commitments and increasing safety conversations by 93% when compared with FY19.
TWE’s report also outlines TWE’s progress in implementing the ten principles of the United Nations Global Compact and work underway to help achieve the Sustainable Development Goals. This year, TWE have also highlighted the good works underway within local communities and the ongoing support to enhance biodiversity and conservation at many of the company’s vineyards.