Energy Efficiency, GHG Emissions, Industrial  -  August 26, 2024

Stock Spirits Group Updates 2030 Goals

The Stock Spirits Group, a European spirits producer, announced a commitment to lowering its Scope 1 and 2 GHG emissions by 42% and Scope 3 GHG emissions by a minimum of 20% by 2030 as part of its revised sustainability goals.

The company also signed a commitment letter with the Science Based Targets initiative (SBTi).

The Group's new sustainability strategy is a response to strong consumer demand for sustainable products and practices. Stock Spirits Group developed the People, Planet, Processes Strategy to be aligned with UN Sustainable Development Goals. 

As detailed in its Sustainability Report, in 2023, the Group made significant strides in sustainable development, completing key projects like the construction of a state-of-the-art distillery in Lublin, Poland, an investment of EUR 50 million.

The Group's commitment to sustainability has been recognized with an EcoVadis Silver Medal, placing it in the top 9% of the spirits industry globally. The Group aspires to attain a Platinum Medal by 2027.

In September 2023, the company completed four strategic acquisitions: Clan Campbell Scotch whisky and Dugas in France, Polmos Bielsko - Biala in Poland, and Borco (now Stock Spirits GmbH) in Germany. These moves have placed the Group in fourth position in terms of value and volume market shares in 2023 in Europe and paved the way to drive sustainable practices wherever it is present. 

 "The year 2023 marked a dynamic transformation of our business and significant progress in our sustainability efforts,” said Jean-Christophe Coutures, CEO of Stock Spirits Group, in a statement. “We have undertaken numerous projects that will enable us to fulfill the commitments outlined in our revised Sustainability Strategy 'People, Planet, Processes'. One of our standout achievements in 2023 was the completion of a cutting-edge distillery in Lublin. Due to its efficiency and the way it enables us to control quality, it is one of the most modern in Europe.  Our ambition is to lead ESG activities in Central Europe and make sustainability a key contributor to our competitiveness and differentiation across Europe. I am convinced that only those companies that develop in a sustainable and transparent way can build a long-term future and enjoy the trust of their stakeholders."