RCS - Virgin Wines UK PLC - Virgin Wines achieves Carbon Neutral certification

Virgin Wines UKAnnouncement

07/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221007:nRSG0862Ca&default-theme=true

RNS Number : 0862C  Virgin Wines UK PLC  07 October 2022

7 October 2022

 

Virgin Wines achieves Carbon Neutral certification

("Virgin Wines", the "Company" or the "Group")

 

Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct-to-consumer
online wine retailers, is pleased to announce that it has been officially
certified as a Carbon Neutral business, under the internationally recognised
PAS 2060 standard.

The Company becomes the first online wine retailer to achieve this status, as
it works towards its goal of becoming Net Zero by 2045, in line with global
efforts to reduce greenhouse gas emissions and reduce the impact of climate
change.

The certification also comes as Virgin Wines publishes its first
sustainability report, which will be included within its Annual Report 2022,
to showcase its wider sustainability plans and targets. This includes applying
to the Science Based Targets initiative (SBTi), and the Company's plans to cut
its Scope 1 and 2 carbon emissions by at least 43% by 2030.

Jay Wright, Chief Executive Officer at Virgin Wines, commented:

"While our focus is on creating great quality wines, we also want to have a
positive impact on our planet and help meet our customers' aspirations to shop
with more sustainable businesses. We're very proud to have achieved the PAS
2060 standard, meaning we are now a certified Carbon Neutral business.

Whilst being carbon neutral is a fantastic achievement, we understand that
this is only the first step on our journey to reducing our carbon emissions.
We're committed to continuing to make progress in this area, and also being
transparent with all of our stakeholders, looking forward to providing regular
updates on this where appropriate now and into the future."

( )

- Ends -

Enquiries:

 

 Virgin Wines UK plc                     Via Hudson Sandler

 Jay Wright, CEO

 Graeme Weir, CFO

 Liberum Capital Limited

 (Nominated Adviser and Sole Broker)

 Clayton Bush

 Edward Thomas

 John Fishley

 Lucas Bamber

 Hudson Sandler

 (Public Relations)

 Alex Brennan

 Dan de Belder

 Charlotte Cobb

 Nick Moore

                                         Tel: +44 20 3100 2222

                                         virginwines@hudsonsandler.com (mailto:virginwines@hudsonsandler.com)

                                         Tel: +44 20 7796 4133

 

Notes to editors:

About Virgin Wines

Virgin Wines is one of the UK's largest direct-to-consumer online wine
retailers. It is an award-winning business which has a reputation for
supplying and curating high quality products, excellent levels of customer
service and innovative ways of retailing.

The Company, which is headquartered in Norwich, UK, was established in 2000 by
the Virgin Group and was subsequently acquired by Direct Wines in 2005 before
being bought out by the Virgin Wines management team, led by CEO Jay Wright
and CFO Graeme Weir, in 2013. It listed on the London Stock Exchange's
Alternative Investment Market (AIM) in 2021.

Virgin Wines has more than 500 wines, 250 spirits and 100 beers in its
portfolio which it sells to an active customer base of 187,000 members. It has
approximately 200 employees and more than 40 trusted winemaking partners and
suppliers around the world.

The Company drives the majority of its revenue though its fast-growing
WineBank subscription scheme, using a variety of marketing channels, as well
as through its Wine Advisor team, Wine Plan channel and Pay As You Go service.

Along with its extensive range of award-winning products, Virgin Wines was
delighted to be named Online Drinks Retailer of the Year for 2022 at this
year's Drinks Retailing Awards, as well as receiving the bronze award for
Contact Centre of the Year at the 2022 UK National Contact Centre Awards.

https://www.virginwinesplc.co.uk/ (https://www.virginwinesplc.co.uk/)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAEAKEKEANAFFA