The Duckhorn Portfolio Publishes its Fiscal Year 2023 Responsibility and Sustainability Report
The Duckhorn Portfolio, Inc. ("Duckhorn" or the "Company," (NYSE: NAPA), North America's premier luxury wine company, has released its Fiscal Year 2023 Responsibility and Sustainability Report ("ESG Report"). This ESG Report focuses on the Company's commitment to the planet, championing its people and communities and reinforcing its focus on sustainable business practices through responsive and transparent operational strategies and corporate governance. The ESG Report was prepared by Duckhorn's internal ESG Team and leadership team, with oversight by its Board of Directors.
Duckhorn's Fiscal Year 2023 Responsibility and Sustainability Report can be found on the Company's Investor Relations website: https://ir.duckhorn.com/governance/responsibilityandsustainability/default.aspx.
"The Duckhorn Portfolio has a long history of commitment to taking care of the environment and being responsible members of the communities in which we work and operate," said Deirdre Mahlan, President, Chief Executive Officer and Chairperson. "Our focus over the past three years, as we have developed and matured our ESG program, has been centered on the importance of quantifying our company's environmental and social impact and making sustainable changes that positively impact our business and surrounding communities. This year, we offer another comprehensive look at the many ways that Duckhorn works to uplift the planet, its people and our business."
"Our third ESG Report represents a great step forward," said Sean Sullivan, Duckhorn's Executive Vice President, Chief Strategy and Legal Officer, who leads the ESG Team at the Company. "After key engagements with internal and external stakeholders over the past year, we worked to craft ESG-specific company goals addressing topics that include supply chain emissions, renewable energy investments, water usage, biodiversity, gender parity, health and safety and community engagement. We are excited to be able to share these goals with you for the first time this year."
The Duckhorn ESG Report highlights the Company's commitment to environmental responsibility, holistic social responsibility and sound corporate governance, serving as a reflection of our values and providing a compelling value proposition that benefits our planet, people, and stockholders.
Key highlights include:
- Planet: We expanded our Scope 1 and Scope 2 emissions reporting to include our Washington state operations. We also expanded our disclosures with respect to water stewardship, introducing new metrics to better understand our environmental impact.
- People: Our unwavering commitments to our employees have yielded numerous continued successes in FY23, headlined by our health and safety metrics, which saw improvement over last year. This is a testament to the investments we make in our employees' safety. 30% of our employees having tenure of five years or more, and many celebrating anniversaries of 15+ years at the company, reflects our successful commitment to our team and their values.
- Business: We further formalized our processes with respect to oversight and assessment of company risk, with the inclusion of a matrix highlighting our salient ESG risks and mitigation strategies. We have also expanded our discussion of corporate governance practices and policies.
About The Duckhorn Portfolio, Inc.: The Duckhorn Portfolio is North America's premier luxury wine company, with ten winery brands, nine state-of-the-art winemaking facilities, seven tasting rooms and over 1,100 coveted acres of vineyards spanning 32 Estate properties. Established in 1976, when vintners Dan and Margaret Duckhorn founded Napa Valley's Duckhorn Vineyards, today, our portfolio features some of North America's most revered wineries, including Duckhorn Vineyards, Decoy, Paraduxx, Goldeneye, Migration, Canvasback, Calera, Kosta Browne, Greenwing and Postmark. Sourcing grapes from our own Estate properties and fine growers in Napa Valley, Sonoma County, Anderson Valley, California's North and Central Coasts, Oregon, Washington State and Burgundy, we offer a curated and comprehensive portfolio of acclaimed luxury wines with price points ranging from $20 to $230 across more than 15 varieties and 39 appellations. Our wines are available throughout the United States, on five continents, and in more than 50 countries around the world. To learn more, visit us at: https://www.duckhornportfolio.com/. Investors can access information on our investor relations website at: https://ir.duckhorn.com.
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