Monday 13 September 2021

Treasury Wine Estates to switch to 100% renewable energy by 2024

Treasury Wine Estates (TWE) has made a commitment to switch to 100% renewable electricity by 2024 across its global operations.

That means its premium wines, which include Penfolds, Wolf Blass, Pepperjack, Wynns, and Squealing Pig, will be produced using only renewable electricity.

The announcement comes as TWE is joining the RE100 initiative, led by the Climate Group in partnership with CDP, which brings together global businesses committed to renewable power.

Electricity currently accounts for around 75% of the company's Scope 1 and 2 emissions and it has started the transition to renewable electricity through the installation of solar panels and solar hot water at key sites globally.

Its renewable electricity target forms part of a broader sustainability agenda that includes net zero carbon emissions by 2030.

TWE Chief Corporate Services Officer Kirsten Gray said:“We have more than 12,700 hectares of vineyards globally so we understand the importance of managing and planning for the impacts of climate change – not only as a global premium wine producer but also as a responsible business that operates in communities all around the world.

“As we all work towards a cleaner world, we’re proud to be one of the early wine industry adopters to join RE100 alongside some of the world’s most influential businesses. We know that global warming is happening faster than previously predicted, which is why we have set the bold target for our global operations to be powered with renewable electricity by 2024.”