SANTA ROSA, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Vintage Wine Estates (Nasdaq: VWE and VWEWW) is proud to announce that all of its California estate wineries and vineyards have been certified sustainable through the California Sustainable Winegrowing Alliance (CSWA). These certifications are a direct reflection of Vintage Wine Estates ongoing commitment to environmental stewardship through sustainable practices including water and energy efficiency, waste management, supply chain oversight, healthy soils and low risk, cultural pest management.
“Certifying our wineries and vineyards was one of our major goals for 2022 and in line with our sustainability strategy which focuses on people, climate, water, packing and waste,” shares the President of Vintage Wine Estates, Terry Wheatley. “This certification promises continuous improvements in both vineyard and winery. Our sustainability and production teams and our vineyard management partner invested significant time and energy to achieve the certifications across our California properties and we expect that investment to demonstrate value for all of our stakeholders over the long term.”
Founded nearly two decades ago to promote sustainable winegrowing practices, the CSWA boasts the largest wine certification program in the United States. Recipients of the CCSW (Certified California Sustainable Wine) certifications must satisfy certain requirements spanning energy efficiency, water efficiency, sustainable business strategy, waste management, the health and wellbeing of workers and sustainable pest management. Independent third-party audits are key in ensuring accountability to buyers, consumers and the wider wine industry.
Clos Pegase and Girard received both Winery and Vineyards certification while the Laetitia vineyards, already SIP certified (Sustainability in Practice), earned an additional winery certification. Kunde was one of the first wineries certified through the Alliance’s program in 2010, and all Sonoma vineyards are similarly CCSW certified. The CCSW certifications also encompass estate brands Viansa, BR Cohn, Delectus and Cosentino.
About Vintage Wine Estates:
Vintage Wine Estates (Nasdaq: VWE and VWEWW) is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California’s Central Coast, Oregon, and Washington State. Since its founding 20 years ago, the Company has grown to be the 14th largest wine producer in the U.S., selling more than two million nine-liter equivalent cases annually. To consistently drive growth, the Company curates, creates, stewards, and markets its many brands and services to customers and end consumers via a balanced omni-channel strategy encompassing direct-to-consumer, wholesale and exclusive brand arrangements with national retailers. While VWE is diverse across price points and varietals with over 60 brands ranging from $10 to $150 USD at retail, its primary focus is on the fastest growing luxury segment of the wine industry with the majority of brands selling at over $15 per bottle. The Company regularly posts updates and additional information at https://www.vintagewineestates.com/.
Forward-Looking Statements
Certain statements contained in this press release are “forward-looking statements” within the meaning of applicable U.S. and Canadian securities laws. Forward-looking statements are all statements other than those of historical fact, and generally may be identified by the use of words such as “expect,” “ongoing,” “promises” “could,” or other similar expressions that indicate future events or trends. These forward-looking statements include, but are not limited to, the ability of the Company to execute its strategy to drive growth, strengthen profitability and deliver value. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the control of VWE. Actual events and circumstances may differ materially from those expressed or implied by such forward-looking statements. Risks that could cause actual results to differ materially from the results expressed or implied by such forward-looking statements include our ability to obtain and maintain CCSW certifications at our wineries and vineyards and those discussed in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022 and other reports filed from time to time with the SEC. We caution and advise readers not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as may be required by law.
Contacts:
| Investors Deborah K. Pawlowski, Kei Advisors LLC dpawlowski@keiadvisors.com Phone: 716.843.3908 | Media Mary Ann Vangrin MVangrin@vintagewineestates.com |
