Viña Concha y Toro gains B Corp Certification
Viña Concha y Toro has received B Corporation Certification, which recognises companies that meet high standards of environmental management, governance and social performance.
Concha y Toro’s Cono Sur winery in Chile and Bodega Trivento in Argentina also received this certification after meeting the requirements, joining Fetzer Vineyards – CyT’s US operation – which had already achieved B Corp certification in 2015.
“This certification is a major step forward in our commitment to environmental, social and corporate governance issues, which are a fundamental part of our company’s strategic pillars of growth,” stated Eduardo Guilisasti, CEO of Viña Concha y Toro.
CyT has now become the largest wine business to join this global movement, which brings together nearly 4,000 companies around the world working to build “an equitable, inclusive and regenerative economic model for people and the planet”.
Sustainability is a central pillar of Viña Concha y Toro’s strategy, and the group’s medium-term goal is to reduce its carbon emissions by 55% by 2030.
“Being part of the B Corp community is the result of a two-and-a-half-year process of great internal collaboration and enthusiasm to work on the challenge of evaluating all our global operations,” said Valentina Lira, Viña Concha y Toro’s Sustainability Manager.
About B Corporations
There are currently almost 4,000 certified B Corporations, spread across 150 industries in 74 different countries.
To achieve certification, each B Corporation must:
- achieve a minimum verified score on the B Impact Assessment – a rigorous assessment of a company’s impact on its workers, customers, community, and environment
- make their B Impact Report transparent on net
- amend their legal governing documents (articles of association) to require their board of directors to balance profit and purpose