On December 12, 2015, the 21st Conference of the Parties on Climate Change sealed in Paris an historic agreement, ratified since then, aimed at limiting the rise of temperatures related to the effects of climate change to 2°C, if possible 1.5°C by 2100.

The level of ambition requires an acceleration of our actions.
On the occasion of the One Planet Summit of December 12, 2017, we, the undersigned 89 French companies, representing an overall turnover of 1,500 billion euros and 6 million jobs worldwide, affirm the need to collectively change course, in order to bring about a drastic reduction of global greenhouse gas (GHG) emissions.

We fight climate change around the world, defining actions and developing solutions, products and services that significantly reduce GHG emissions. We want to help reduce greenhouse gas emissions by several billion tons, particularl in the energy, transport, industry, building and agriculture sectors. Depending on our respective situations, we have already put in place several tools:
- 60 companies made commitments to reduce their emissions;
- 27 have an internal CO2 price;
- 42 are engaged in the Science-Based Targets initiative or are thinking about joining it;
- 34 have decided or intend to implement the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD) with pragmatic methodologies.

Meeting this challenge requires accelerating the injection of public and private financial resources into research and investment. It is also necessary to establish interconnected carbon pricing mechanisms in the main economic regions This will enable economic actors to integrate climate issues into their decisions.

From 2016 to 2020, we expect at least 60 billion euros of industrial investment and R & D in renewable energy, energy efficiency, the deployment of sustainable farming practices and other low-carbon technologies, and at least 220 billion euros of funding for projects contributing to the fight against climate change. In addition, low-carbon investments amount to 15 billion euros in the developing nuclear generation and investment in natural gas as transitional energy amount to 30 billion euros over the same period.

Our commitment to the ambition of the Paris Agreement is anchored in a European perspective.

It is also a key challenge for the attractiveness and competitiveness of France and Europe. The signatory companies recommend that France and the European Union more systematically rely on the continent’s technological and scientific potential, its competitiveness and encourage an increasing cooperation between European actors.

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About Pernod Ricard

Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales of €9,182 million in FY19. Created in 1975 by the merger of Ricard and Pernod, the Group has developed through organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard, which owns 16 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive brand portfolios in the industry, including: 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, Mumm and Perrier-Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, and Kenwood wines. Pernod Ricard’s brands are distributed across 160+ markets and by its own salesforce in 73 markets. The Group’s decentralised organisation empowers its 19,000 employees to be true on-the-ground ambassadors of its vision of “Créateurs de Convivialité.” As reaffirmed by the Group’s three-year strategic plan, “Transform and Accelerate,” deployed in 2018, Pernod Ricard’s strategy focuses on investing in long-term, profitable growth for all stakeholders. The Group remains true to its three founding values: entrepreneurial spirit, mutual trust, and a strong sense of ethics. As illustrated by the 2030 roadmap supporting the United Nations Sustainable Development Goals (SDGs), “We bring good times from a good place.” In recognition of Pernod Ricard’s strong commitment to sustainable development and responsible consumption, it has received a Gold rating from Ecovadis and is ranked No. 1 in the beverage sector in Vigeo Eiris. Pernod Ricard is also a United Nation’s Global Compact LEAD company.
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 index.

Contacts Pernod Ricard

Julia MASSIES VP, Financial Communication & Investor Relations
Tel: +33 (0)1 41 00 41 07

Adam RAMJEAN Investor Relations Manager
Tel: +33 (0)1 41 00 41 59

Fabien Darrigues External Communications Director
Tel: +33 (0)1 41 00 44 86

Alison DONOHOE Press Relations Manager
Tel: +33 (0)1 41 00 44 63

Emmanuel VOUIN Press Relations Manager
Tel: +33 (0)1 41 00 44 04