2024
Pernod Ricard
Year
Sector
Alimentation
ACT assessment methodology
Agriculture & Agrifood
Performance Score
Pernod Ricard stands out for its very good performance of its products sold and a successful business model. The definition of objectives is also well positioned on scopes 1 & 2 and FLAG emissions and aligned with the reference benchmark. Scope 1 and 2 GHG emissions and AFOLU emissions are decreasing. The projected AFOLU emissions are aligned with the reference trajectory, ensuring consistency with sectoral decarbonization trajectories. Pernod-Ricard has been actively implementing a traceability system for its agricultural supply chain since 2023, reinforced by the future "Bleu Source" traceability program.
However, the company could provide a breakdown of GHG emissions by product family, in order to identify more precisely the reduction levers and the categories impacting them. Stronger supplier and customer engagement and greater investment in transforming the business model and products sold would improve the overall score.
In terms of its value chain commitment, Pernod-Ricard has implemented several environmental requirements for its suppliers, in particular through partnerships with certified distributors and circular economy initiatives (reduction of plastics, recovery of bio-waste). However, setting quantified GHG emission reduction targets for its suppliers would allow it to give credibility to its approach and go beyond general commitments.
Finally, Pernod-Ricard is implementing various concrete and innovative decarbonization actions, particularly on its packaging through the installation of paper bottles, the reduction of bottle weight and the incorporation of recycled glass. While these actions are relevant, it seems necessary to formalize information on their profitability and development potential in order to better structure their integration into the group's strategy.
However, the company could provide a breakdown of GHG emissions by product family, in order to identify more precisely the reduction levers and the categories impacting them. Stronger supplier and customer engagement and greater investment in transforming the business model and products sold would improve the overall score.
In terms of its value chain commitment, Pernod-Ricard has implemented several environmental requirements for its suppliers, in particular through partnerships with certified distributors and circular economy initiatives (reduction of plastics, recovery of bio-waste). However, setting quantified GHG emission reduction targets for its suppliers would allow it to give credibility to its approach and go beyond general commitments.
Finally, Pernod-Ricard is implementing various concrete and innovative decarbonization actions, particularly on its packaging through the installation of paper bottles, the reduction of bottle weight and the incorporation of recycled glass. While these actions are relevant, it seems necessary to formalize information on their profitability and development potential in order to better structure their integration into the group's strategy.
Narrative Score
Business model and strategy: Pernod-Ricard has initiated actions in favor of the low-carbon transition. Its alignment is strengthened by a dedicated governance structure, scenario analyses, SBTI commitments and double-materiality analysis. However, cost-effectiveness constraints and scale limitations of some initiatives show a gap between ambition and full implementation.
Consistency and credibility: The main GHG emission reduction targets by 2030 are credible. However, the pursuit of volume growth and product diversification, particularly in high-emitting categories such as glass-packaged spirits, may partially undermine the pace of its GHG emissions reduction roadmap.
Data quality: Pernod-Ricard's carbon footprint is well structured and audited, and the company regularly updates its emissions factors. However, some FLAG scope 3 data is partially based on generic emission factors or proxy estimates, with supplier mapping still under construction beyond Tier 1.
Reputation: No major environmental controversies involving Pernod-Ricard have been identified, and the company does not face accusations of climate inaction.
Risks: The main risks are related to consumer acceptance of low-carbon formats, but also the technological difficulty of developing certain innovations such as low-carbon glass or green hydrogen on a large scale. That said, Pernod-Ricard remains moderately dependent on activities with a high carbon footprint.
Consistency and credibility: The main GHG emission reduction targets by 2030 are credible. However, the pursuit of volume growth and product diversification, particularly in high-emitting categories such as glass-packaged spirits, may partially undermine the pace of its GHG emissions reduction roadmap.
Data quality: Pernod-Ricard's carbon footprint is well structured and audited, and the company regularly updates its emissions factors. However, some FLAG scope 3 data is partially based on generic emission factors or proxy estimates, with supplier mapping still under construction beyond Tier 1.
Reputation: No major environmental controversies involving Pernod-Ricard have been identified, and the company does not face accusations of climate inaction.
Risks: The main risks are related to consumer acceptance of low-carbon formats, but also the technological difficulty of developing certain innovations such as low-carbon glass or green hydrogen on a large scale. That said, Pernod-Ricard remains moderately dependent on activities with a high carbon footprint.
Trend score
Pernod-Ricard is implementing concrete and credible actions to reduce its emissions, but its business model is still dependent on carbon-intensive activities. The transition is mainly based on the adaptation of the offer, rather than on a thorough restructuring. A negative rating would not be justified, as the company is not regressing and continues to adopt more sustainable practices. Nor is it a positive note, because there is a lack of a structural transformation that would guarantee a strong alignment with a low-carbon economy. The maintenance of a score of "=" thus reflects an ongoing transition, without deterioration or radical improvement.
Source
ACT Eval 2
Evaluator
Ekodev
GLOBAL SCORE
Performance score (/100)
56
Disclosure score (/100)
83
ℹ️
Narrative Score (A > E)
B
Trend Score (- = +)
=
Scores by module
#1 : best score in the sample
N/A% = module not applicable to the sectoral methodology
Target Score : 53%
Material Investment Score : 30%
Intangible Investment Score : 0%
Sold Product Performance Score : 49%
Management Score : 82%
Supplier Engagement Score : 66%
Client Engagement Score : 59%
Policy Engagement Score : 49%
Business Model Score : 71%
Indicator weight by module