Treasury Wine Estates (TWE) is a global wine company that is headquartered in Melbourne, Australia. The company is one of the world's largest wine producers, with a portfolio of over 70 wine brands that are sold in more than 100 countries. TWE operates in the Vintners sector, which is a part of the food and beverage industry.

TWE is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint. The company has pledged to achieve net-zero emissions by 2050, and has set interim targets to reduce its greenhouse gas emissions by 25% by 2030 and 50% by 2040. TWE is also committed to sourcing 100% of its electricity from renewable sources by 2024.

To achieve these targets, TWE has implemented a range of initiatives to reduce its energy consumption and increase its use of renewable energy. The company has invested in energy-efficient technologies and practices, such as LED lighting, and has implemented energy management systems to monitor and optimise its energy use. TWE has also installed solar panels at several of its sites, and is exploring the potential of other renewable energy sources, such as wind and geothermal.

In addition to these initiatives, TWE has also entered into corporate power purchase agreements (PPAs) to support the development of renewable energy projects. In 2019, the company signed a 15-year PPA with a wind farm in Victoria, which will provide TWE with 75% of its electricity needs in Australia. TWE has also signed a PPA with a solar farm in California, which will provide the company with renewable energy for its operations in the United States.

TWE's commitment to decarbonisation and renewable energy has been recognised by several industry bodies and organisations. The company has been included in the Dow Jones Sustainability Index for the past six years, and has been named as a leader in sustainability by the Carbon Disclosure Project.

TWE's sustainability strategy also includes a focus on water conservation and waste reduction. The company has implemented water-efficient practices, such as drip irrigation, and has reduced its water consumption by 20% since 2015. TWE has also implemented waste reduction initiatives, such as recycling and composting, and has achieved a waste diversion rate of 94%.

In addition to its sustainability initiatives, TWE is also committed to responsible business practices and ethical sourcing. The company has implemented a Supplier Code of Conduct, which sets out standards for ethical and sustainable practices in its supply chain. TWE also supports local communities through a range of initiatives, such as sponsoring local events and supporting charitable organisations.

In conclusion, Treasury Wine Estates is a global wine company that operates in the Vintners sector. The company is committed to sustainability and decarbonisation, and has set ambitious targets to reduce its carbon footprint. TWE has implemented a range of initiatives to reduce its energy consumption and increase its use of renewable energy, and has entered into corporate PPAs to support the development of renewable energy projects. The company's sustainability strategy also includes a focus on water conservation and waste reduction, and a commitment to responsible business practices and ethical sourcing. TWE's sustainability initiatives have been recognised by several industry bodies and organisations, and the company is a leader in sustainability in the food and beverage industry.