Pernod Ricard signs its first sustainability-linked loan for €2.1bn

Press Release 05/05/2023

Pernod Ricard is pleased to announce the signing of its first (sustainability linked) loan totalling euros 2.1 billion in order to refinance in advance an existing facility expiring June 2024.

This sustainability-linked refinancing facility is linked to two environmental commitments: 
1.    Reduction in absolute greenhouse gas emissions (Scopes 1 & 2) on operated sites, and 
2.    Reduction of water consumption per unit produced at its distilleries.

These two key performance indicators, included in our 2022 Sustainability-Linked Financing Framework, address stringent sustainability challenges for us and our industry.

The transaction is illustrative of Pernod Ricard’s commitment to integrate sustainability into its daily operations and financing strategy, in-line with the Group’s Sustainability & Responsibility (S&R) Roadmap.
 
The Group has previously launched two sustainability-linked bond issues in 2022, linked to these same key performance indicators.

The new credit facility has been committed to by 22 banks. It has an initial April 2028 maturity and includes two one-year extension options.

For this transaction, BNP Paribas acted as coordinator and documentation agent. Crédit Agricole CIB acted as ESG coordinator.

This refinancing has been secured at attractive conditions and demonstrates the confidence of Pernod Ricard's banking partners. 

Vanessa Wright, Chief Sustainability Officer, declares: “As part of our Sustainability & Responsibility roadmap 'Good Times from a Good Place', we're committed to preserving the world's natural resources by reducing carbon emissions, water consumption and waste throughout our value chain. The Group's recent sustainability-linked facility is another demonstration of our drive to reduce our environmental footprint and protect the natural ecosystems, where we source all the ingredients that make our iconic brands.”

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About pernod ricard

Pernod Ricard is a worldwide leader in the spirits and wine industry, blending traditional craftsmanship, state-of-the-art brand development, and global distribution technologies. Our prestigious portfolio of premium to luxury brands includes Absolut vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur and Mumm and Perrier-Jouët champagnes. Our mission is to ensure the long-term growth of our brands with full respect for people and the environment, while empowering our employees around the world to be ambassadors of our purposeful, inclusive and responsible culture of authentic conviviality. Pernod Ricard’s consolidated sales amounted to € 12,137 million in fiscal year FY23. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code:FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices

Contacts Pernod Ricard

Florence Tresarrieu
Global SVP Investors Relations and Treasury
Tel: +33 (0) 1 70 93 17 03
Edward Mayle
Investor Relations Director
Tel: +33 (0) 1 70 93 17 13
Charly Montet
Investor Relations Manager
Tel: +33 (0) 1 70 93 17 13
Emmanuel Vouin
Head of External Engagement
Tel: +33 (0) 1 70 93 16 34