Regulatory News:
Press Release Paris, 28 May 2024
Pernod Ricard (Paris:RI) and ecoSPIRITS today announce entering a new stage in their relationship with a five-year global licensing agreement to enable the distribution of Pernod Ricard's spirits brands in ecoSPIRITS' circular packaging technology to on-trade venues around the world. This collaboration, which builds on the learnings of a pilot in Singapore late 2022, aims to further promote circularity in the spirits industry, a core priority of Pernod Ricard's 2030 Sustainability and Responsibility roadmap 'Good Times from a Good Place'.
With ecoSPIRITS, the products are transported in bulk and delivered to hospitality venues in a fully reusable 4.5-litre glass ecoTOTE container, thus reducing waste and carbon emissions resulting from the production and transportation of bottles and other secondary packaging.
The relationship between the two companies began with a pilot programme in Singapore where Pernod Ricard deployed ecoSPIRITS' closed loop packaging technology with several of its iconic brands. This pilot was instrumental in identifying the practical challenges and opportunities of circular distribution, providing Pernod Ricard with invaluable insights into operational, technological, and sustainability aspects critical for scaling up circular packaging solutions. The pilot in Singapore was then followed by a first local market deployment under the new global agreement, with the introduction of a closed loop system for Havana Club rum in the brand's home market of Cuba. The new system has been consolidated at an industrial level, with a dedicated ecoPLANT at Havana Club's distillery in San José de las Lajas. The initiative in Cuba anticipates concrete outcomes, including reduced bottle imports and glass waste, which will translate into an 88% reduction of the carbon emissions footprint related to premium spirits packaging and distribution and a reduction of glass waste by 99%.
For Maria Pia De Caro, EVP Integrated Operations and Sustainability at Pernod Ricard, "This next step in our partnership with ecoSPIRITS reflects our belief in the transformative power of this solution to enhance operational efficiency and reduce not only our environmental footprint, but the impact of our industry at large. We are excited to continue working together to refine, scale and champion ecoSPIRITS as the future of wine and spirits distribution."
As part of the original pilot project, three of Pernod Ricard's spirits brands Beefeater London Dry gin, Havana Club rum and Absolut vodka were successfully deployed in ecoTOTE format and dispensed in venues using co-branded SmartPour technology. These brands will now be introduced to new markets under the new global agreement, with additional brands from the Group's portfolio to be added over time. Pernod Ricard's partnership with ecoSPIRITS is aligned with the Group's Sustainability Responsibility roadmap, which includes a 'Circular Making' pillar, encouraging circularity at every step of production and distribution.
Paul Gabie, CEO of ecoSPIRITS, said: "Pernod Ricard and ecoSPIRITS have been working together for almost three years now to make circularity a reality in the spirits industry. This new global agreement builds on that journey, and our combined expertise, to bring circular packaging to more Pernod Ricard markets around the world. We are inspired by Pernod Ricard's commitment to Circular Making and look forward to working even more closely with their brands and market teams."
About Pernod Ricard
Pernod Ricard is a worldwide leader in the spirits and wine industry, blending traditional craftsmanship, state-of-the-art brand-building, 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 development 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.
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Contacts:
Pernod Ricard
Emmanuel Vouin Head of External Engagement
+33 (0) 1 70 93 16 34
Jessica Whyte International Media Relations Manager
+33 (0) 67 69 37 373
