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    RI   FR0000120693

PERNOD RICARD

(RI)
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Pernod Ricard : becomes the first company to support the IUCN's “Agriculture and Land Health Initiative”, a new initiative for sustainable agriculture

09/03/2021 | 09:12am EDT
Press Release 03/09/2021

On the occasion of the CEO Summit, in the presence of French President Emmanuel Macron, Christine Lagarde, President of the European Central Bank and Bruno Oberle, Director General of the IUCN, Alexandre Ricard, Chairman and CEO of Pernod Ricard, announced a new partnership with the International Union for Conservation of Nature (IUCN). This announcement coincides with the IUCN World Conservation Congress, which for the first time will be held in Marseille, France, from 3 to 11 September. Through this collaboration, Pernod Ricard becomes the first corporate partner to support IUCN's 'Agriculture and Land Health Initiative'.

The initiative strives to build a shared vision through a discussion platform, which brings together - around tangible projects - public and private sector actors including governments, NGOs, companies, land managers, scientists and experts who all share a single objective: build commitments for accelerated action towards sustainable agriculture. They will also join forces to promote and highlight the scientific and economic benefits of sustainable agriculture, encouraging decision makers to adopt this approach on a wider scale.

For Pernod Ricard, this partnership is first and foremost a continuation of a longstanding commitment to nature. Over half a century ago, in 1966, its founder created the Paul Ricard Oceanographic Institute in response to pollution in the Mediterranean Sea. A genuine observatory of the Oceans, today it continues to fight for the protection of marine ecosystems, combining scientific research with awareness-raising initiatives.

All of Pernod Ricard's iconic brands take their character from natural ingredients (wheat, barley, agave, sugar cane, grapes) and the terroirs where they are grown. As part of its 2030 Sustainability and Responsibility roadmap, 'Good Times from a Good Place', the Group is committed to nurturing every terroir and its biodiversity and responding to the challenges of climate change to ensure quality ingredients now and for generations to come. To do this, Pernod Ricard has been working with farmers, suppliers and partners to develop sustainable and regenerative agriculture practices and biodiversity conservation programmes, including in the vineyards of Cognac and Champagne, as well as in India, New Zealand and Ireland, among others. By becoming the first company to join this new global initiative, Pernod Ricard is committing to accelerating the transition to sustainable agriculture as a way of addressing climate change and biodiversity loss. This initiative will take a multi-stakeholder approach to help build ambitious commitments to sustainable agriculture, share best practices and monitor our collective impact.

'All our products are closely connected with nature - they take their character, their identity and their quality from the terroirs where they are grown. Biodiversity is an essential element to the equilibrium of these ecosystems. Valuing, protecting and conserving it so that we can pass on healthy terroirs to future generations is therefore not only a moral and civic obligation but also a necessity for the future of our Group. That is why we are both proud and honoured to be more actively involved alongside the IUCN in order to demonstrate the importance of agriculture that is more respectful of the land and its ecosystems.' said Alexandre Ricard, Chairman and CEO of Pernod Ricard.

About Pernod Ricard
Pernod Ricard is the world's No 2 in wines and spirits with consolidated sales of €8,824 million in FY 2021. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard, which owns 16 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive brand portfolios in the industry, including: Absolut Vodka, Ricard pastis, Ballantine's, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and Perrier-Jouët champagnes, as well Jacob's Creek, Brancott Estate, Campo Viejo, and Kenwood wines. Pernod Ricard's brands are distributed across 160+ markets and by its own salesforce in 73 markets. The Group's decentralised organisation empowers its 18,500 employees to be true on-the-ground ambassadors of its vision of 'Créateurs de Convivialité.' As reaffirmed by the Group's strategic plan, 'Transform and Accelerate,' deployed in 2018, Pernod Ricard's strategy focuses on investing in long-term, profitable growth for all stakeholders. The Group remains true to its three founding values: entrepreneurial spirit, mutual trust, and a strong sense of ethics, as illustrated by the 2030 Sustainability and Responsibility roadmap supporting the United Nations Sustainable Development Goals (SDGs), 'Good times from a good place.' In recognition of Pernod Ricard's strong commitment to sustainable development and responsible consumption, it has received a Gold rating from Ecovadis. Pernod Ricard is also a United Nations' Global Compact LEAD company. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices

Pernod Ricard Contact
Emmanuel Vouin / Head of Group External Engagement +33 (0)1 70 93 16 34

Disclaimer

Pernod Ricard SA published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 13:11:08 UTC.


© Publicnow 2021
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Financials
Sales 2021 8 757 M 10 163 M 10 163 M
Net income 2021 1 417 M 1 644 M 1 644 M
Net Debt 2021 7 593 M 8 812 M 8 812 M
P/E ratio 2021 37,0x
Yield 2021 1,45%
Capitalization 52 035 M 60 303 M 60 387 M
EV / Sales 2021 6,81x
EV / Sales 2022 5,95x
Nbr of Employees 19 000
Free-Float 75,0%
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Number of Analysts 26
Last Close Price 199,50 €
Average target price 205,92 €
Spread / Average Target 3,22%
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Managers and Directors
Alexandre Ricard Chairman & Chief Executive Officer
Hélène de Tissot Director-Finance & Operations
Frèdèric Andrè Director-Information Technology Governance
Anne-Marie Poliquin General Counsel & Compliance Officer
Wolfgang Colberg Independent Director
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