Treasury Wine Estates becomes signatory to the Porto Protocol
Treasury Wine Estates has become a signatory to the “Porto Protocol”, a global forum and commitment to sharing best practice in helping reduce the impact of climate change.
TWE said in a statement that the move represented a positive step its environmental, sustainability and governance journey, as the company works to "create long-term value in the communities where it operates".
"As part of its Corporate Responsibility agenda, the company drives numerous initiatives to effectively manage and reduce its environmental impact over time," it noted.
TWE’s Global Corporate Affairs Director, Carolyn Coon added: “As a leading global wine producer and custodian to some of the most prized viticultural regions in the world, it is critical to ensure the success of our business is underpinned by being sustainable in everything we do.
“Our commitment to preparing for and adapting to climate change is integrated into our business operations, and the signing of the Porto Protocol will provide a platform for us to share best practice on climate change mitigation and adaptation techniques.”
Members of the Porto Protocol include leading global companies across numerous industries. Collectively, members align to a number of principles that include ensuring good environmental practices guide business activity, identifying opportunities to collaborate with other members and external entities regarding climate change, and sharing best practice and case studies to the Porto Protocol platform.
TWE’s Corporate Responsibility program is structured around four key pillars of Performance, Planet, People and Product.
For more information about TWE’s progress on environmental, sustainability and governance topics, please view the Sustainability Report at www.tweglobal.com/sustainability For more information on the Porto Protocol and its signatories, visit www.portoprotocol.com