Yealand has become the first winery to sign a Sustainability Linked Loan in partnership with ASB. As a global pioneer of sustainably-produced premium wines, Yealand’s fundamental values include environmental health and conservation, as well as aiming to reduce total emissions by five percent per annum.
As a founding member of the International Wineries for Climate Action, Yealand is the first wine producer in the world to be Toitū carboNZero Certified from day one. Yealand has always aspired to be measured and concentrated in emission reduction, targeting a 50 percent reduction by 2030. By 2050, they strive to move beyond net zero and be carbon positive. The business’s vision is to play a part in the positive and sustainable change that continues to sweep the country.
The Sustainability Linked Loan (SLL) aligns with the morals and growth strategy at the heart of Yealand. In partnership with ASB, the loan of up to $96 million will support the business’ sustainability growth projects. The SLL is focused on five key areas: reducing CO2 emissions, lowering carbon intensity, driving diesel consumption down, and growing renewable energy use while staying consistent with Yealands’ long-term biodiversity plan and goals.
“We are seeing strong demand globally – we recently doubled our volumes in the US and have already picked up some great awards for our vintage ’22 wines, so there is strong momentum behind our brands,” said Tiffani Graydon, Chief Executive of Yealand.
As one of New Zealand’s largest independently-owned wine businesses, Yealand has been recognised for its excellent wines. Their award-winning Marlborough Sauvignon Blanc recently received a double win at the International Wine Challenge 2021, the Marlborough Sauvignon Blanc Trophy and the International Sauvignon Blanc Trophy.
“Banks have a role to play in helping businesses with this big societal transition – which is why ASB is delighted to deliver another industry-leading Sustainability Linked Loan,” said Nigel Annett, Executive General Manager of Corporate Banking at ASB.
Reaching new milestones on the road to positive sustainability is at the centre of Yealand’s values. Continuing to work hand-in-hand with the environment will play a key role in their production while on route to a cleaner and greener future for this country.
