Banfi Improves Its ESG Rating: A Recognised Sustainability Goal

In the corporate sustainability landscape, the ESG rating is a key indicator to assess a company's commitment to the environment, society and governance. Banfi recently achieved a significant improvement in its ESG rating, going from BB to BBB, a result that reflects an important evolution in all areas of sustainability.

Banfi's start and journey with ESG Rating

In 2022, the company embarked on a rigorous process of self-assessment of its environmental, social and governance impact, relying on Cerved Rating Agency. This process made it possible to measure the company's alignment with international best practices in sustainability, providing a clear view of areas of strength and those in need of improvement. The first comparison with the Wine Producers sector, based on aggregated data for the year 2021, had already positioned Banfi above the sector median, with a rating of BB. However, aware of the areas where improvement was possible, Banfi worked intensively to optimise its performance. The improvement of the rating to BBB in 2022 is the result of targeted interventions and constant efforts on several fronts. On the environmental front, Banfi has made significant progress in the calculation of Scope 1 and Scope 2 emissions, thanks also to the collaboration with the University of Siena.

The company completed the project to measure the Carbon and Water Footprint, essential tools for monitoring and reducing the environmental impact of wine production. In terms of governance, Banfi has renewed its organisational model, establishing an ESG Committee dedicated to overseeing the sustainability strategy and monitoring progress. This new governance body is crucial to ensure that the company's policies remain aligned with long-term sustainability goals. On the social front, the company recorded an increase in employee training hours and a reduction in the rate of work-related accidents, demonstrating a real commitment to improving working conditions and safety. Parallel to improving its ESG rating, Banfi has continued to pursue the path of sustainability certifications. A prominent example is the Equalitas certification obtained in 2022 for Brunello di Montalcino Poggio all'Oro 2016, the first of its kind to receive such recognition. Subsequently, in 2023, other prestigious labels such as Brunello di Montalcino Poggio alle Mura 2019 and Vigna Marrucheto 2019 obtained the same certification. The improvement of Banfi's ESG rating represents not only an acknowledgement of the work done, but also an incentive to continue on this path. The results achieved help the company to constantly improve its performance and deepen its positive impact on the territory, people and the environment. With a future-oriented vision, Banfi aims to further strengthen its position in the wine sector, aiming to achieve even higher levels of sustainability. The path is clear: an ongoing commitment and dedication to quality that not only raises the company's standards, but also contributes to a more sustainable future for all by translating its 'claim' into action "for a better wine world.