PERNOD RICARD - Universal Registration Document 2019-2020

At Pernod Ricard, we believe that real value can only be created over time if it is beneficial for all of our stakeholders – starting with our consumers who are at the heart of our strategy. Our goal is to continue accelerating our Group’s transformation; we aspire to not only being ’Créateurs de convivialité’, but creators of economic, social and environmental value.

Our impacts

Our medium- and long-term ambitions

PEOPLE

• 94%

• Record subscription rate for 2019 first-ever Group employee shareholding plan: 41.5%

of employees are proud to work for Pernod Ricard (b)

Make our employees grow

Capitalise on our diverse teams By 2030, our top management (g) team will be gender-balanced. Share knowledge and learning By 2030, 100% of employees will have received future-fit training at least every 3 years.

Fight alcohol misuse By 2030, all affiliates will have at least one partnership programme implemented at scale and evaluated. By 2030, Pernod Ricard will expand its 'Responsible Party' programme globally to reach at least 1 million young adults. Develop strong and inclusive brands By 2023, we will align all commercial communications with ethical advertising rules.

• Prestige, LeCercle Portfolio: 12% of our sales (d) • Innovation represents 7% of our sales (d) • + 1,000employees from 6 Brand Companies

and 6 Market Companies monitor their

By 2030, we will train 10,000 bartenders on the bar world of tomorrow.

brands and our competitors as well as campaigns and activations via one single monitoring tool

Create new products and services

By 2030, we will partner with 5,000 farmers to share our acquired knowledge on regenerative agriculture.

• The Group

• Acceleration of its digital transformation in FY20 • Dividend proposed of EUR 2.66 (a) .

has gained or maintained value share in its top 10 markets

Create long-term value

PROFIT Embed dynamic growth and deliver operating leverage Our FY19-21 plan projects top line growth of +4 to +7% underpinned by leveraging our unique premium portfolio and winning in our four key markets.

Delivering operating leverage Our FY19-21 plan projects a strong financial performance, with an expansion of operating margins by approximately 50 to 60 BPS per year.

• More than 300 commercial communications have been submitted to the Responsible Marketing Panel, of which 93% were compliant • 93.3% of our sites are ISO 14001-certified (a) • 99% of our vineyards are certified according to environmental standards • Provide employment in local economies,

especially in agriculture through the production and purchase of raw and processed agricultural products (2.5 million tonnes per year)

Producing high- quality products and enhancing our production capacity

PLANET

• More than 150 responsible drinking initiatives worldwide, including our flagship program Responsible Party which has reached more than 400,000 students across 32 countries (h)

Promote responsible drinking and engage with our

Preserve biodiversity and regenerative agriculture By 2030, all affiliates will have implemented a strategic biodiversity project addressing the most pressing local biodiversity issues. By 2025, we will develop regenerative agriculture pilot schemes within our vineyards across 8 wine regions. Deploy circular models By 2021, we will ban all POS promotional items made from single-use plastic and, by 2025, 100% of our packaging will be recyclable, compostable, reusable or bio-based.

By 2030, we will pilot 5 new circular ways of distributing wine & spirits and help increase recycling rates in the top 10 largest markets with low recycling levels. By 2030, we aim to be water balanced in all high-risk watersheds, replenishing 100% of water consumption from production sites. By 2030, we commit to reducing the overall intensity of our carbon footprint by 50% aligned with Science Based Targets (SBT).

partners and communities

Minimise our impact on the environment by limiting waste, consumption and use of natural resources

• - 80% of non- recycled waste (landfilled or incinerated) per litre of finished product (c)

• - 33% of CO 2 emissions (scope 1 +2) (c) • - 23% of water consumption (c)

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Pernod Ricard Universal Registration Document 2019-2020

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