TWE, a leading global viticulture company, has announced its commitment to achieving net zero scope 1 and 2 emissions by 2030, as part of its broader decarbonisation efforts. The company’s latest sustainability report outlines significant progress towards this goal, including a reduction in market-based emissions to 16.5 kilotonnes CO2-e in F26, down from 47.6 kilotonnes CO2-e in F21.
Material actions and disclosures
TWE has made substantial progress in reducing its greenhouse gas emissions, with a focus on energy efficiency and the adoption of renewable electricity. The company has transitioned from 0.1% renewable electricity in the baseline year to 100% renewable electricity since 2024. This shift has contributed to a 23.2% decrease in overall electricity consumption since F21, alongside a 30.1% reduction in overall energy consumption since F25.
Additionally, TWE has invested in metering technology and sub-metering across its production sites, which has enabled more efficient use of resources and provided insights to manage overall usage more effectively. The company has also engaged with its supply chain to encourage further decarbonisation and improve the accuracy of its scope 3 emissions reporting.
Forward commitments
TWE has outlined several forward commitments to support its decarbonisation goals. These include the Barossa Valley decarbonisation project, which aims to electrify hot water generation and other thermal energy uses, and showcase the integration of various technology solutions. The project is expected to be completed in F29 and will be conducted across two phases: front-end engineering and detailed design, followed by implementation.
Furthermore, TWE continues to explore and trial emerging low-carbon technologies to reduce its scope 1 emissions, which are typically harder to abate due to their direct link to processes and equipment with longer operating lives.
TWE’s commitment to achieving net zero scope 1 and 2 emissions by 2030 is part of its broader strategy to embed decarbonisation and climate resilience, in line with the Paris Agreement’s aim to limit global temperature rise to 1.5°C above pre-industrial levels.