Brown-Forman Elevates Environmental Commitments
Brown-Forman Corporation, one of the largest American-owned global spirits and wine companies, shared today its updated Global Sustainability Goals. The new environmental commitments serve as a roadmap in advancing sustainability, reducing the company's environmental footprint, and increasing its positive impact on the community and environment. The full commitments can be found at www.brown-forman.com/environmental-sustainability.
"We have a responsibility to care for our environment and protect the natural resources upon which our products depend, not only to strengthen our business, but also to contribute to the long-term health of our planet," said Lawson Whiting, CEO, Brown-Forman. "To elevate the importance of sustainability to Brown-Forman's overall, long-term success, we've embedded these new goals into our business strategy and will continue to share our progress against them publicly."
Brown-Forman's Global Sustainability Goals broaden the company's focus beyond owned-business operations to include its supply chain, where the majority of the company's environmental footprint resides, and are centered around four pillars:
"From cultivating relationships with farmers who grow our grain, to reusing our barrels and sending zero waste to landfill, sustainability has long been part of how Brown-Forman approaches its business. We believe we can responsibly grow our brands, like Jack Daniel's, Herradura, and Woodford Reserve, along with our 151-year old company while protecting and enriching the natural environment," said Alex Alvarez, Chief Production and Sustainability Officer, Brown-Forman.
Brown-Forman has been on a steady path of integrating sustainability more deeply into the business through its production facilities and collaboration with its partners. Today's set of Global Sustainability Goals is Brown-Forman's third publicly available sustainability targets and commitments and lays out an ambitious path forward.
Our Sustainability Roadmap
As part of its overall commitment to strong environmental practices, Brown-Forman holds itself accountable to global aspirations like the United Nations Sustainable Development Goals. The baseline for Brown-Forman's Sustainability Goals come from the 2019-2020 fiscal year and reporting will follow the company's fiscal year financial reporting.
For detailed information on the commitments, reporting against them, and a video sharing the story of our commitments, please visit brown-forman.com/sustainability.
For over 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel's Tennessee RTDs, Jack Daniel's Tennessee Honey, Jack Daniel's Tennessee Fire, Jack Daniel's Tennessee Apple (News - Alert), Gentleman Jack, Jack Daniel's Single Barrel, Woodford Reserve, Old Forester, Coopers' Craft, GlenDronach, Benriach, Glenglassaugh, Slane, Herradura, el Jimador, New Mix, Korbel, Sonoma-Cutrer, Finlandia, Chambord, and Fords Gin. Brown-Forman's brands are supported by approximately 4,700 employees and sold in more than 170 countries worldwide. For more information about the company, please visit http://www.brown-forman.com/.
Important Information on Forward-Looking Statements:
This press release contains statements, estimates, and projections that are "forward-looking statements" as defined under U.S. federal securities laws. Words such as "aim," "anticipate," "aspire," "believe," "can," "continue," "could," "envision," "estimate," "expect," "expectation," "intend," "may," "might," "plan," "potential," "project," "pursue," "see," "seek," "should," "will," "would," and similar words indicate forward-looking statements, which speak only as of the date we make them. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. By their nature, forward-looking statements involve risks, uncertainties, and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections. These risks and uncertainties include, but are not limited to:
For further information on these and other risks, please refer to our public filings, including the "Risk Factors" section of our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.
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