FOR IMMEDIATE RELEASE
Brown-Forman is First Beverage Alcohol Company to Join Ceres Network of Companies
Ceres announced today that it is has approved Brown-Forman Corporation (NYSE:BF.B), a spirits and wine company headquartered in Louisville, Kentucky, as a Ceres Network Company. Brown-Forman has brands in its portfolio such as Jack Daniel’s, Herradura, El Jimador, Finlandia, Sonoma-Cutrer and Southern Comfort, among others. Companies that join Ceres commit to improve their sustainability disclosure and performance by engaging with investors, environmental groups and other stakeholders.
Brown-Forman’s 140 year history as a family controlled company forms the foundation for its perspective that corporate responsibility and sustainability are core to long-term business success. The company‘s corporate responsibility priorities include alcohol responsibility, environmental sustainability, employee relations and diversity, and community involvement.
Demonstrating its commitment to encouraging responsible drinking, Brown-Forman created the online Our Thinking About Drinking: Issues Forum, which provides an open space for discussing and debating issues related to abuse and irresponsible consumption of alcohol. In order to address its most significant environmental impacts, the company established a comprehensive climate change strategy that includes a verified greenhouse gas inventory and clear goals to improve energy efficiency, increase the use of renewable energy, minimize greenhouse gas emissions, and reduce waste throughout the product lifecycle.
“We are eager to work with Ceres to better address sustainability risks and take advantage of opportunities across our company and brands” said Brown-Forman Vice Chairman Jim Welch. “We look forward to Ceres challenging and informing our sustainability strategy and encouraging us to be bolder and more innovative in our approach.”
Brown-Forman is committed to the disclosure of sustainability information to its stakeholders and shareholders. In its 2010 financial filings, the company disclosed to investors the business risks associated with climate change and water scarcity. The company plans to work with Ceres to enhance its sustainability strategy, increase its disclosure and broaden its engagement with diverse stakeholders.
“Ceres recognizes Brown-Forman’s commitment to be responsible in everything they do and we look forward to helping them address sustainability impacts, such as GHG emissions and water risk, within direct operations and throughout the supply chain,” said Mindy Lubber, President of Ceres. “We are excited to have Brown-Forman as the first beverage alcohol company in the Ceres Network and to work with them to improve performance and raise the bar for sustainability within the industry.”
Ceres is a leading network of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. Ceres also directs the Investor Network on Climate Risk, a network of 100 institutional investors with $10 trillion of collective assets focused on the business impacts of climate change.
For over 140 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel’s Tennessee Whiskey, Southern Comfort, Finlandia, Jack Daniel’s & Cola, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman’s brands are supported by nearly 4,000 employees and sold in approximately 135 countries worldwide. For more information about the company and its corporate responsibility efforts, please visit http://www.brown-forman.com/.