Bottles of wine in storage

Climate Resilience

Accolade Wines

Case Study
Sector: Consumer, Media & Retail
Region: Australia
Lead Fund: Carlyle Asia Partners IV
Acquisition Date: 5/31/2018

Focusing on the intersection of agriculture and climate change

To paraphrase an old saying, if you show me a well-managed sustainability program, I’ll show you a well-managed company, Accolade Wines is very much both: their UK business won not only the coveted Manufacturer of the Year in 2018, but also the Sustainable Manufacturing category from the Manufacturer MX Awards in 2018 & 2019.

Accolade is acutely aware of the impact climate change can have on their crops, and hence their core business. So Accolade has gone after the issue of climate with strategy and focus. They have honed in specifically on understanding and reducing their own potential contributions to carbon emissions – managing sustainability and their core business in tandem.

2.5 Megawatt Wind Turbine On-site

Wind turbine at Accolade Wines

Accolade’s state-of-the-art bottling facility in Bristol, UK, Accolade Park, is a clear example of their focus on climate. In 2019, Accolade installed a 2.5 megawatt wind turbine on-site, a first for a tenant in the UK, which provides approximately 50% of the facility’s electricity consumption. Having made that progress on clean energy sourcing, the team decided to go all-in and work toward becoming a net-zero carbon facility. In the 12 months to March 2020, Accolade calculated that the facility was directly responsible for emitting 1,873 tonnes of carbon dioxide equivalent (CO2e), for a carbon intensity of 120gCO2e per 9 liters (the equivalent of a case) of wine produced, which was a 44% reduction in CO2e emissions from the prior year.

Accolade Park's Annual CO2e Emissions

Accolade Infographic

Accolade then called upon Carlyle’s internal carbon foot-printing and offsetting expertise to dive deeper into renewable energy procurement and fuel sourcing, technical details related to the carbon footprint and verification, and the type of offsets to choose in order for the facility to be certified as carbon neutral by The Carbon Trust. Accolade anticipates receiving The Carbon Trust report in July 2020, which will allow finalization of the plan to make its UK bottling and warehousing site carbon neutral. Climate change is a material issue for Accolade’s business, so they’ve made it a core focus of their own work – well-managed, indeed.

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Consumer, Media & Retail