Davide Campari-Milano NV is an Italian company that operates in the alcoholic beverages sector. The company has a rich history that dates back to 1860 when Gaspare Campari invented the iconic Campari bitter. Today, the company is a leading player in the global spirits industry, with a portfolio of over 50 brands that are sold in more than 190 countries.

As a global company, Davide Campari-Milano NV is committed to sustainability and decarbonisation. The company recognises the urgent need to reduce its carbon footprint and transition to renewable energy sources in order to mitigate the impacts of climate change. To achieve this goal, the company has implemented a number of initiatives aimed at reducing its energy consumption and increasing the use of renewable energy.

One of the key initiatives that Davide Campari-Milano NV has implemented is the Corporate Energy Plan. This plan outlines the company's strategy for reducing its energy consumption and increasing the use of renewable energy sources. The plan includes a number of measures such as energy efficiency improvements, the use of renewable energy, and the implementation of corporate power purchase agreements (PPAs).

The Corporate Energy Plan has already delivered significant results. In 2020, the company reduced its energy consumption by 5.5% compared to the previous year. This was achieved through a combination of energy efficiency improvements and the use of renewable energy sources. The company also increased its use of renewable energy by 3.6% in 2020, bringing the total share of renewable energy in its energy mix to 6.2%.

One of the key drivers of the company's renewable energy strategy is the use of corporate PPAs. A corporate PPA is a long-term contract between a company and a renewable energy provider. Under the terms of the contract, the company agrees to purchase a certain amount of renewable energy from the provider at a fixed price over a specified period of time. This provides the renewable energy provider with a stable revenue stream, while also enabling the company to reduce its carbon footprint and achieve its sustainability goals.

Davide Campari-Milano NV has already signed a number of corporate PPAs with renewable energy providers. For example, in 2019, the company signed a 10-year PPA with Enel Green Power for the supply of renewable energy from a wind farm in Italy. The wind farm will supply the company with 80 GWh of renewable energy per year, which is equivalent to the electricity consumption of around 25,000 households.

In addition to its renewable energy initiatives, Davide Campari-Milano NV is also committed to decarbonisation. The company has set a target to reduce its carbon footprint by 50% by 2030 compared to its 2015 baseline. To achieve this goal, the company is implementing a range of measures such as energy efficiency improvements, the use of renewable energy, and the electrification of its fleet.

One of the key areas of focus for the company's decarbonisation strategy is its production facilities. The company has implemented a number of energy efficiency measures at its production sites, such as the installation of LED lighting, the optimisation of production processes, and the use of energy-efficient equipment. The company has also invested in renewable energy projects at its production sites, such as the installation of solar panels and the use of biomass boilers.

Overall, Davide Campari-Milano NV is a company that is committed to sustainability and decarbonisation. The company recognises the urgent need to reduce its carbon footprint and transition to renewable energy sources in order to mitigate the impacts of climate change. Through its Corporate Energy Plan, the company is implementing a range of initiatives aimed at reducing its energy consumption and increasing the use of renewable energy. The company's use of corporate PPAs is a key part of its renewable energy strategy, providing a stable revenue stream for renewable energy providers while also enabling the company to achieve its sustainability goals.