STOCK SPIRITS GROUP PRESENTS ITS NEW SUSTAINABILITY STRATEGY AND INAUGURAL SUSTAINABILITY REPORT FOR 2023

The Group has also published a Sustainability Report for 2023 to detail the measures taken to reduce environmental impact, a renewed governance model, ways to support local communities and create the best possible working conditions for employees. The Group has also published a Sustainability Report for 2023 to detail the measures taken to reduce environmental impact, a renewed governance model, ways to support local communities and create the best possible working conditions for employees...

WARSAW, Poland, 27/08/2024 (informazione.news - comunicati stampa - cibi e bevande)

WARSAW, Poland , Aug. 27, 2024 /PRNewswire/ -- The new Sustainability Strategy is a response to strong consumer demand for sustainable products and practices during a time of global challenges like the climate crisis, water scarcity, societal changes and public health issues. Stock Spirits Group aspires to be a driver of positive change in those areas it can influence, and the new Sustainability Strategy reflects this desire – it is an integral part of the Group ambition and business strategy. Stock Spirits Group developed the  Strategy to be aligned with UN Sustainable Development Goals.  It has also signed a commitment letter with the Science Based Targets initiative (SBTi).

 

 

The new Sustainability Strategy is based on three pillars: People, Planet, Process. Each pillar has its own defined focus areas and measurable commitments for the period 2025-2030 . 

In addition to the Strategy, Stock Spirits Group is publishing its Sustainability Report. In 2023, the Group made significant strides in sustainable development, completing key projects like the construction of a state-of-the-art distillery in Lublin, Poland , an investment of EUR 50 million . In September 2023 , the company completed four strategic acquisitions: Clan Campbell Scotch whisky and Dugas in France , Polmos Bielsko - Biala in Poland and Borco (now Stock Spirits GmbH) in Germany . These moves have strengthened the Group's position in Europe – now the fourth position in terms of value and volume market shares in 2023 in Europe - and have paved the way to drive sustainable practices wherever it is present. 

The Group's commitment to sustainability has been recognised with an EcoVadis Silver Medal, placing it in the top 9% of the spirits industry globally. The Group aspires to attain a Platinum Medal by 2027.

Reflecting on the new Sustainability Strategy and Sustainability Report, summarised the Group's progress:

Here are links to the Stock Spirits Group Sustainability Strategy and Sustainability Report for 2023. 

 

[1] By 2025, we will set a scope 3 intensity-based reduction target, which is equivalent to approximately a 20% absolute reduction in Scope 3 emissions. The final reduction targets will be submitted for SBTi validation in 2025. 20% absolute reduction does not consider the Lublin distillery, Poland and acquisitions.

[2] The declared years for reaching ESG targets refer to Stock Spirits Group's fiscal year, October-September. The Group fiscal year 2023 covers the period from 01/10/2022 to 30/09/2023. 

[3] IWSR total 2023, spirits only, Europe excluding Ireland and UK.

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