Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and companies from the FMCG sector which account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from Fossil Fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.
Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.
Constellation Brands Inc produces and markets alcoholic beverages. The company markets these products under Corona Extra, Corona Light, Corona Premier, Corona Familiar, Corona Refresca, Modelo Especial, Pacifico, 7 Moons, Kim Crawford, Cooper & Thief, Robert Mondavi, High West, Crafters Union, Cook’s California Champagne, Veeder, The Dreaming Tree, Ruffino, and SVEDKA, SIMI brand names.
The total GHG emissions of Constellation Brands in 2021 were 48,517 thousand tonnes of CO2 equivalents, an increase of 6% from 2020.
GHG emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 includes direct GHG emissions from stationary fuel combustion and refrigerant gases. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 involves all other indirect GHG emissions in Constellation Brands’ value chain.
In 2021, Constellation Brands’ Scope 1 emissions were 292 thousand tonnes of CO2eq, a decrease of 4% over 2020, and Scope 2 emissions were 56 thousand tonnes of CO2eq, an increase of 8% over 2020. Constellation Brands' Scope 3 emissions in 2021 increased by 6% over 2020 and reached to 48,169 thousand tonnes of CO2eq.
Constellation Brands has set a target to reduce its Scope 1 and Scope 2 GHG emissions by 15% by 2025.
France
China
Belgium
United States of America
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United States of America
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