Banfi improves its ESG rating: a recognized sustainability milestone
Â
In the landscape of corporate sustainability, the ESG Rating is a key indicator used to assess a company's commitment to environmental, social, and governance standards. Banfi confirmed an improvement in its ESG rating for 2023, achieving a BBB classification, which corresponds to a high-performance level.
Banfi's start and journey with ESG Rating
In 2022, the company embarked on a rigorous self-assessment of its environmental, social, and governance impact, relying on Cerved Rating Agency. This process enabled Banfi to measure its alignment with international best practices in sustainability, offering a clear picture of its strengths and areas in need of improvement. The initial benchmarking against the "Wine Producers" sector, based on aggregated 2021 data, had already placed Banfi above the industry median with a BB rating. However, aware of the potential for further progress, Banfi worked intensively to enhance its performance. The upgrade to a BBB rating in 2022 was the result of targeted actions and a consistent commitment across multiple areas. On the environmental front, Banfi made significant advances in measuring Scope 1 and Scope 2 emissions, supported by collaboration with the University of Siena. Assessments conducted in 2024 confirmed an increase in the ESG score within the BBB rating class, which was also reaffirmed for 2023.
The results achieved help the company continuously improve its performance and deepen its positive impact on the land, people, and the environment. With a forward-looking vision, Banfi aims to further strengthen its position in the wine sector by striving to reach even higher levels of sustainability. The path is clear: a continuous commitment and dedication to quality that not only raises corporate standards but also contributes to a more sustainable future for all—turning its claim into tangible action. "for a better wine world.
