#Wine Industry ESG

[esglatestmarketnews]

The Role of Governance in the Wine Industry ESG

Environmental, social and governance (ESG) has emerged as one of the core strategies in the wine industry to integrate sustainability into business goals and achieve sustainable growth. Environmentally friendly winegrowing practices have gained ground as sustainable vineyards continue to amass popularity. Wineries and vineyards have warranted social and environmentally responsible approaches to ensure soil, communities and industry health. An emphasis on water efficiency, pest management, energy efficiency, waste management and supply chain can foster sustainable viticulture.  

Of late, organic wine that does not have added sulfites to increase shelf life has come on the horizon. Since various synthetic products are banned in several countries, producers and farmers may be forced to seek organic farming. Moreover, biodynamic farming has stood out among winegrowers as it aims to balance and revive soil, farm and plant’s health. It can also enhance soil fertility and enable vines to flourish in a balanced ecosystem. 

ESG performance will hold prominence to protect diversity, minimize waste, produce healthy wines, ensure traceability, enhance transparency and boost job creation. Similarly, stockholders, shareholders and other stakeholders are expected to bank on ESG pillars to gain steam in the global landscape.

Environmental Perspective

Winegrowers are counting on environmental performance to preserve ambiance and negate the impact of climate change on wine production. For instance, regenerative agriculture practices have received an impetus to minimize tilling, enhance soil health and help bind carbon in the soil. Moreover, an increased need for water at wineries has furthered the demand for state-of-the-art water tracking devices. Vintage Wine Estates is contemplating using NASA data and AI to forecast water availability. The U.S.-based company has been reusing wastewater from wineries and using city graywater for vineyard irrigation.

Furthermore, in 2022, the company claims to have completed its first scope 1&2 carbon emissions calculations. It also adopted strategies, such as installing alternative energy, efficiency upgrades and streamlining tracking of energy use in real-time across wineries. Brands are likely to further their sustainability quotient and stay committed to a culture of care toward the environment.

Social Perspective

Wineries and vineyards with a focus on diversity, equity, inclusion and workplace safety can redefine the global landscape. Pioneering companies and other leaders have upped investments in human rights to eliminate discrimination and forced labor. By 2022, the Asahi Group spurred efforts to complete human rights due diligence at suppliers. The company formed a Diversity, Equity & Inclusion (DE&I) statement in the preceding year. It aims to propel the percentage of female representation of leadership positions to 40% by 2030, up from 22% in 2021.

The Tokyo-based company has put the spotlight on people-to-people connections globally. It contemplates launching the Environmental Think Tank to allow employees to implement proposed projects and help resolve regional environmental issues in Oceania. Besides, it could implement support projects for hops farmers, barley farmers and Campus Peroni. Promoting a culture full of opportunities and the well-being of employees can underscore social pillar, thereby strengthening brand position.

Is your business one of participants in the Global Wine Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Governance Perspective

Companies that prioritize transparency, good corporate governance and board diversity may have the edge over their competitors. The strategy can optimize the company’s performance, offer guidance for smooth management and recognize the organization’s legal obligations. Specifically, women comprised 58.3% of the Board of Directors at Pernod Ricard as of 30th June 2022, while 58.3% were independent directors and 42.8% were non-French Directors.

Meanwhile, Treasury Wine Estates has eight non-executive directors and has augmented focus on risk management frameworks and controls. The company has furthered its emphasis on tax governance to muster up stakeholders’ value, trust and confidence. It has adopted a low tax risk appetite, suggesting tax risks above the level mentioned in the risk management framework are managed by a robust mitigation plan. 

Incumbent players have emphasized minimizing carbon emissions and investing in renewable energy. For instance, the Asahi Group has set an audacious goal of transitioning all of its breweries to renewable energy-derived electricity by 2025 across Europe. On the other hand, Treasury Wine Estates opened a USD 165 million production facility in Barossa Valley, South Australia, to help manage climate change impacts on winemaking vintages. These trends indicate the global wine market could observe a healthy CAGR of 6.4% from 2021 to 2028. 

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

[beerwinespiritsguru]

Earning Your Trust Through ESG Initiatives

Get ready for a mind-blowing combo: beer & wine and super-sustainability are joining forces to shake things up! The beer and wine world is taking on a challenge to think greener and be more eco-awesome. But get this: a study by Bain spilled the tea that the brewing industry isn’t exactly acing the whole sustainability thing. They’re having a bit of trouble connecting the dots between being green…

[dangerousgardengalaxy]

Business Name : Chapel Hill Winery Tasting Room

Address : Chapel Hill Rd &, Chaffeys Rd

McLaren Vale, SA 5171 Australia

Phone Number : +61 8 8323 8429

Business Gmail : info@chapelhillwine.com.au

Website : https://www.chapelhillwine.com.au/

Category : Online wine shop

Description : Chapel Hill, a member of Sustainable Winegrowing Australia, is a leading practitioner of sustainable practices in McLaren Vale. Although our team has prioritised the health of our soils and vineyards for decades, the environment, sustainability and governance (ESG) will increasingly and appropriately shape the future of wine in McLaren Vale and beyond. With our vineyards located near Onkaparinga National Park we have always sensitively respected the land and the natural habitat of our native flora and fauna.New technologies, knowledge and outlooks have allowed us to adapt, improve and invest in new ways of reaching our goal of becoming a leading model of sustainability in the wine industry. Sustainable Winegrowing Australia is an industry-wide initiative that is helping us to measure our progresses and successes while helping us to establish the very best standards of practices in our vineyards, winery, cellar door and event centre.

Business hours : Monday to Friday 09:00 AM to 05:00 PM, Saturday on Sunday Closed

Keyword : winery

[autonewsinsure]

Wineries must manage ESG risk to avoid sour grapes

Wineries must manage ESG risk to avoid sour grapes

Like other industries, many wineries have embarked on an ESG push. Major sustainability initiatives over recent years have included wastewaster recycling and treatment, working with eco-friendly shippers, and introducing compostable packaging. Wineries have also moved to use sheep and goats for mowing grass and chickens for pest control. Recycling has also extended to pomace (wine waste, skins,…

[calibersolar]

High Upfront Costs of Solar Panels and Installation

In what seems like an instant, solar panels are popping up everywhere. In your neighborhood, at your local schools, libraries and businesses. The last 5 years have been transformative for a reshaped solar industry. In 2015, the Solar Power Free-Market Financing Act introduced legislation that enables more readily available access to homeowners looking to invest in solar energy by authorizing financing arrangements with private solar companies based on solar output. This legislation reduces, and eliminates in most cases, the high upfront costs of solar panels and installation.

1.Tax Planning

The federal government is incentivizing businesses and homeowners with a 26% Renewable Energy Investment Tax Credit (ITC) on the total cost of the system installation.  As current legislation stands, this FTIC for residential and commercial systems will be reduced to 22% in 2023. By 2024, this will be phased out entirely for residential systems and reduced to 10% for commercial installations without a current phase-out date designated.

2. Retirement Planning

Going solar offers your clients the opportunity to eliminate one of their largest expenses during retirement. Many of us have never quantified just how much we will spend on electricity in a 30 year period. For homeowners in a 2000 square foot home, this number can be as high as $200,000 over a 30 year period when considering the average historical electric rate increase in the US is 3.7%.

3. Investment Planning

There are many aspects of investing in a commercial or residential solar system that can bring short and long-term investment returns to clients. These returns come in the form of increased property values and increased cash flow via savings and potential for income from excess generation (commercial/solar farm).

How To Implement?

Implementation ideas:

Virtual Client event around green or impact investing (ESG) and green tax benefits.

Engage clients with a conversation discussing topics that can range from Impact investing, Tesla Vehicles to Radiant Barriers depending on what will be of most value to your book of business. *Bonus Idea for after COVID-19 - Do all of this over dinner after a few hours at a local test track and a fleet of Teslas for your customers to try out from a local Tesla dealer partner.

2. Make it as simple as an icebreaker for your next quarterly, or semi-annual review.

“Have you all ever had any affinity to Going Green or having your investments reflect that sentiment? There are some awesome tax advantages you could take advantage of.” Or ��What do you think of all this Go Greenstuff going on?”. Simple, yet likely a unique conversation to the client who will remember it next time they’re out to dinner, or on a zoom wine night, with their friends. You get mentioned for something seemingly unrelated, yet extremely sexy to many consumers currently, to traditional financial planning.

Visit Us For More Information:- https://calibersolar.com/blog/this-out-of-the-box-financial-planning-idea-will-impress-your-clients

[gyrlversion]

Heating up: Investors green targets go beyond just big oil

NEW YORK (AP) — It’s not just big oil and power companies that investors are pushing to do better on the environment.

In the next few weeks, Amazon shareholders will vote on a proposal made by one of their own to push the company to describe how it’s curbing its use of fossil fuels. In California, investors of Ross Stores are asking the retailer of off-price clothing to set goals for reducing greenhouse gas emissions. And in Kentucky, Yum Brands shareholders are pushing for an annual report on what the parent of KFC, Pizza Hut and Taco Bell is doing about deforestation caused by its suppliers.

As the earth gets warmer, shareholders with the environment in mind are widening their focus and increasingly targeting consumer businesses, internet companies and others that don’t first come to mind as big polluters.

Every year shareholders try to place proposals on the agenda for their companies’ annual meetings. Five years ago, only 33% of all proposals related to climate change were aimed at companies outside the energy and utility industries. So far this year, 60% of such proposals are targeted at companies outside energy and utilities, according to ISS Analytics.

“Climate change will affect all industries,” said Kosmas Papadopoulos, executive director at ISS Analytics, the data intelligence arm of Institutional Shareholder Services, “and I think we’ll see more in other sectors.”

Once limited to a niche group of mutual funds that simply promise not to own tobacco or gun stocks, sustainable and responsible investing has grown increasingly mainstream and more comprehensive in its decision making. These investors see additional profits to be made — and losses to be avoided — by considering how the world’s changing climate affects companies, as well as how those companies are affecting the environment.

Consider PG&E, which some investors call the first climate change bankruptcy. It filed for Chapter 11 protection earlier this year due to potential liabilities piling up following devastating wildfires in northern California.

Famed value investor Jeremy Grantham, who correctly predicted the dot-com and housing bubble crashes, sees climate change investing offering decades of growth. His firm, GMO, launched a climate change fund in 2017. Competitors around the industry have been launching their own funds that value companies’ approaches to environmental, social and corporate governance issues, which are known in the industry as “ESG funds.”

Sustainable, responsible and impact investing currently accounts for $1 of every $4 invested under professional management for a total of $12 trillion, according to US SIF. That’s double the proportion from 2010, when it was roughly $1 of every $8.

“You’re definitely seeing investors ask for it, but you’re also seeing companies wanting to talk a lot more about it, in particular on climate change issues,” said Peter Reali, senior director of responsible investing at Nuveen, the asset management arm of TIAA. “We have meetings or phone calls with hundreds of companies annually, and boards are really interested in what investors think about this stuff.”

Of course, most shareholder proposals pushing for environmental action fail to pass. Company managements typically recommend voting against them, with many saying they’re already paying increased attention to the environment.

At Starbucks’ annual meeting in March, for example, shareholders voted against a request for a report on progress in recycling cups and reducing waste that ends up in the ocean. When making its recommending against the proposal, Starbucks’ management said that it has already committed to eliminating plastic straws, among other sustainability moves.

But the proposal lost by a five-to-four margin, which may be a stronger signal than it sounds.

“It’s very difficult to achieve majority support on shareholder proposals, even for some of the issues where you may have seen consensus in the market,” said Papadopoulos. “Anything above 30%, we generally consider as significant.”

Such levels of support are becoming more common, as shareholders increasingly vote in favor of environmental proposals. Nearly half of all such proposals reached at least 30% support last year. That’s more than double the rate of a decade earlier. So far this year, the rate has been even higher, at 60%, according to ISS Analytics.

Not only have investors cast a wider net for companies, they also are pushing companies to set specific goals for measuring environmental impact.

Consider Flowserve, a company that makes pumps and valves. On May 23, shareholders will vote on a proposal for the company to set goals for greenhouse gas emissions, taking into account the goals of the Paris Climate Agreement. President Donald Trump pledged last year to withdraw the United States from the agreement.

Flowserve is recommending that investors vote against the proposal, saying that it already writes an annual sustainability report and that disclosing strict emissions goals “would not provide significant incremental benefits” to the company, shareholders or the environment.

But the biggest successes for environmentally minded investors may not take place at shareholder meetings at all. They may come, instead, during the conversations happening privately between shareholders and companies.

Last month, for example, Green Century Capital Management said it withdrew a proposal made to Royal Caribbean Cruises related to food waste management. The cruise operator agreed to document annually how much food waste it has and what it’s doing to reduce it.

That’s why some investors see withdrawals as just as successful, if not more, as wining proposals. So far this year, 68% of all shareholder proposals related to climate change have been withdrawn, excluding those that are still pending.

“We tend to have conversations off the record, so to speak,” said Fran Tuite, a portfolio manager at Faripointe Capital who helps manage its ESG Equity fund. “I think that’s how a lot of change is being influenced.”

The post Heating up: Investors green targets go beyond just big oil appeared first on Gyrlversion.

from WordPress http://www.gyrlversion.net/heating-up-investors-green-targets-go-beyond-just-big-oil/

[esglatestmarketnews]

Wine Industry Leaders Navigate Roadmap to Robust ESG Performance

Environmental, social and governance (ESG) has emerged as one of the core strategies in the wine industry to integrate sustainability into business goals and achieve sustainable growth. Environmentally friendly winegrowing practices have gained ground as sustainable vineyards continue to amass popularity. Wineries and vineyards have warranted social and environmentally responsible approaches to ensure soil, communities and industry health. An emphasis on water efficiency, pest management, energy efficiency, waste management and supply chain can foster sustainable viticulture.  

Of late, organic wine that does not have added sulfites to increase shelf life has come on the horizon. Since various synthetic products are banned in several countries, producers and farmers may be forced to seek organic farming. Moreover, biodynamic farming has stood out among winegrowers as it aims to balance and revive soil, farm and plant’s health. It can also enhance soil fertility and enable vines to flourish in a balanced ecosystem. 

ESG performance will hold prominence to protect diversity, minimize waste, produce healthy wines, ensure traceability, enhance transparency and boost job creation. Similarly, stockholders, shareholders and other stakeholders are expected to bank on ESG pillars to gain steam in the global landscape.

Discover more regarding the practices and strategies being implemented by industry participants form the Wine Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

Environmental Perspective

Winegrowers are counting on environmental performance to preserve ambiance and negate the impact of climate change on wine production. For instance, regenerative agriculture practices have received an impetus to minimize tilling, enhance soil health and help bind carbon in the soil. Moreover, an increased need for water at wineries has furthered the demand for state-of-the-art water tracking devices. Vintage Wine Estates is contemplating using NASA data and AI to forecast water availability. The U.S.-based company has been reusing wastewater from wineries and using city graywater for vineyard irrigation.

Furthermore, in 2022, the company claims to have completed its first scope 1&2 carbon emissions calculations. It also adopted strategies, such as installing alternative energy, efficiency upgrades and streamlining tracking of energy use in real-time across wineries. Brands are likely to further their sustainability quotient and stay committed to a culture of care toward the environment.

Social Perspective

Wineries and vineyards with a focus on diversity, equity, inclusion and workplace safety can redefine the global landscape. Pioneering companies and other leaders have upped investments in human rights to eliminate discrimination and forced labor. By 2022, the Asahi Group spurred efforts to complete human rights due diligence at suppliers. The company formed a Diversity, Equity & Inclusion (DE&I) statement in the preceding year. It aims to propel the percentage of female representation of leadership positions to 40% by 2030, up from 22% in 2021.

The Tokyo-based company has put the spotlight on people-to-people connections globally. It contemplates launching the Environmental Think Tank to allow employees to implement proposed projects and help resolve regional environmental issues in Oceania. Besides, it could implement support projects for hops farmers, barley farmers and Campus Peroni. Promoting a culture full of opportunities and the well-being of employees can underscore social pillar, thereby strengthening brand position.

Is your business one of participants to the Global Wine Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Governance Perspective

Companies that prioritize transparency, good corporate governance and board diversity may have the edge over their competitors. The strategy can optimize the company’s performance, offer guidance for smooth management and recognize the organization’s legal obligations. Specifically, women comprised 58.3% of the Board of Directors at Pernod Ricard as of 30th June 2022, while 58.3% were independent directors and 42.8% were non-French Directors.

Meanwhile, Treasury Wine Estates has eight non-executive directors and has augmented focus on risk management frameworks and controls. The company has furthered its emphasis on tax governance to muster up stakeholders’ value, trust and confidence. It has adopted a low tax risk appetite, suggesting tax risks above the level mentioned in the risk management framework are managed by a robust mitigation plan. 

Incumbent players have emphasized minimizing carbon emissions and investing in renewable energy. For instance, the Asahi Group has set an audacious goal of transitioning all of its breweries to renewable energy-derived electricity by 2025 across Europe. On the other hand, Treasury Wine Estates opened a USD 165 million production facility in Barossa Valley, South Australia, to help manage climate change impacts on winemaking vintages. These trends indicate the global wine market could observe a healthy CAGR of 6.4% from 2021 to 2028. 

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

[esglatestmarketnews]

Wine Industry ESG Thematic Report, 2023

Wine is one of the most climate-sensitive industries because changes in climatic conditions affect the quality of grapes. Also, the entire process from production to distribution contributes to rising emissions as agriculture production is a major emitter. It has been observed that the overall impact of the wine industry on the environment and society includes several key elements starting with its production phase.

Read More @ https://astra.grandviewresearch.com/wine-industry-esg-outlook

About Astra – ESG Solutions by Grand View Research Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit @ https://astra.grandviewresearch.com/

[calibersolar]

High Upfront Costs of Solar Panels and Installation

In what seems like an instant, solar panels are popping up everywhere. In your neighborhood, at your local schools, libraries and businesses. The last 5 years have been transformative for a reshaped solar industry. In 2015, the Solar Power Free-Market Financing Act introduced legislation that enables more readily available access to homeowners looking to invest in solar energy by authorizing financing arrangements with private solar companies based on solar output. This legislation reduces, and eliminates in most cases, the high upfront costs of solar panels and installation.

1.Tax Planning

The federal government is incentivizing businesses and homeowners with a 26% Renewable Energy Investment Tax Credit (ITC) on the total cost of the system installation.  As current legislation stands, this FTIC for residential and commercial systems will be reduced to 22% in 2023. By 2024, this will be phased out entirely for residential systems and reduced to 10% for commercial installations without a current phase-out date designated.

2. Retirement Planning

Going solar offers your clients the opportunity to eliminate one of their largest expenses during retirement. Many of us have never quantified just how much we will spend on electricity in a 30 year period. For homeowners in a 2000 square foot home, this number can be as high as $200,000 over a 30 year period when considering the average historical electric rate increase in the US is 3.7%.

3. Investment Planning

There are many aspects of investing in a commercial or residential solar system that can bring short and long-term investment returns to clients. These returns come in the form of increased property values and increased cash flow via savings and potential for income from excess generation (commercial/solar farm).

How To Implement?

Implementation ideas:

Virtual Client event around green or impact investing (ESG) and green tax benefits.

Engage clients with a conversation discussing topics that can range from Impact investing, Tesla Vehicles to Radiant Barriers depending on what will be of most value to your book of business. *Bonus Idea for after COVID-19 - Do all of this over dinner after a few hours at a local test track and a fleet of Teslas for your customers to try out from a local Tesla dealer partner.

2. Make it as simple as an icebreaker for your next quarterly, or semi-annual review.

“Have you all ever had any affinity to Going Green or having your investments reflect that sentiment? There are some awesome tax advantages you could take advantage of.” Or “What do you think of all this Go Greenstuff going on?”. Simple, yet likely a unique conversation to the client who will remember it next time they’re out to dinner, or on a zoom wine night, with their friends. You get mentioned for something seemingly unrelated, yet extremely sexy to many consumers currently, to traditional financial planning.

Visit Us for More Information:- https://calibersolar.com/blog/this-out-of-the-box-financial-planning-idea-will-impress-your-clients