Rémy Martin Announces New Sustainability Initiatives

Mark Segal June 23, 2020

Fine Champagne Cognac specialist Rémy Martin announced today new sustainability initiatives, covering consumption, production and packaging, aimed at environmental protection.

One of the packaging-related initiatives announced today is the discontinuation in several countries of gift boxes for certain products in the on-trade and off-trade network. The company has already stopped using VSOP boxes in some countries, and is now extending this practice to other bottles, including 1738, Club and XO.

Rémy Martin also announced that it is developing an eco-design rating system that it will apply to evaluate each of its products. The rating process will consider four lifecycle criteria, including CO2, resource exhaustion, water resource exhaustion and water ecotoxicity.

Commenting on the company’s environmental initiatives, Philippe Farnier, CEO of the House of Rémy Martin said:

“We are convinced that our fight ensures sustainable protection of the soil, the environment and our savoir-faire: it is ambitious, collective and respectful of the Charente region. We will continue to foster excellence and pass on our heritage, striving towards new challenges by taking action from the soil to the bottle.”

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.