Potential offtaker

Rémy Cointreau

www.remy-cointreau.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Rémy Cointreau is a French company that operates in the Distillers sector. It is one of the world's leading producers of premium spirits, including cognacs, liqueurs, and other spirits. The company has a rich history dating back to the 18th century and has established a reputation for producing high-quality products that are enjoyed by consumers around the world.

In recent years, Rémy Cointreau has been focusing on decarbonisation and reducing its carbon footprint. The company has made a commitment to become carbon-neutral by 2050 and has set ambitious targets to reduce its greenhouse gas emissions. To achieve this goal, the company is investing in renewable energy and implementing energy-efficient measures across its operations.

One of the key initiatives that Rémy Cointreau has undertaken to reduce its carbon footprint is the implementation of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for the purchase of renewable energy. By entering into a corporate PPA, Rémy Cointreau is able to secure a reliable and cost-effective source of renewable energy, which helps to reduce its reliance on fossil fuels and lower its carbon emissions.

In 2020, Rémy Cointreau signed a corporate PPA with a wind farm in the Champagne region of France. The wind farm will supply the company with renewable energy for the next 10 years, which is expected to reduce its carbon emissions by more than 3,000 tonnes per year. This is equivalent to taking more than 600 cars off the road each year.

In addition to corporate PPAs, Rémy Cointreau is also investing in corporate energy initiatives to reduce its energy consumption and improve its energy efficiency. The company has implemented a number of energy-saving measures across its operations, such as the installation of LED lighting and the use of energy-efficient equipment. These initiatives have helped to reduce the company's energy consumption and lower its carbon emissions.

Renewable energy is also a key focus for Rémy Cointreau. The company is investing in renewable energy projects, such as solar panels and wind turbines, to generate its own renewable energy. This helps to reduce the company's reliance on fossil fuels and lower its carbon emissions.

In 2020, Rémy Cointreau announced that it had installed solar panels at its production site in Cognac, France. The solar panels are expected to generate more than 90,000 kWh of renewable energy each year, which is equivalent to the annual energy consumption of around 30 households. This initiative is part of the company's broader commitment to renewable energy and decarbonisation.

Overall, Rémy Cointreau is demonstrating its commitment to decarbonisation and reducing its carbon footprint through a range of initiatives, including corporate PPAs, corporate energy initiatives, and renewable energy projects. The company's focus on sustainability is not only good for the environment, but it also helps to reduce costs and improve its reputation with consumers who are increasingly concerned about sustainability and the environment.

✓ Science Based Targets member
✓ Declared Net Zero commitment