Symington Family Estates' successful re-certification as a B Corporation represents a significant achievement in their ongoing dedication to sustainable and ethical business practices.
Led by Sustainability Manager Marta Mendes, the company has demonstrated remarkable progress by increasing its B Impact Assessment score from 84 to 89 points, underscoring their commitment to continuous improvement and positive impact.
Back in 2019, Symington Family Estates made history as the first wine company in Portugal to achieve B Corporation status. Today, they maintain their pioneering position as one of only two wine companies in the country to hold this prestigious certification. This distinction speaks volumes about their unwavering dedication to fostering positive change across various stakeholders, including the environment, communities, customers, suppliers, employees, and shareholders.
In tandem with their re-certification, Symington Family Estates unveiled their inaugural Sustainability Report. This milestone not only signifies their commitment to transparency but also serves as a testament to their proactive approach in aligning with global sustainability frameworks such as Environmental, Social, and Governance (ESG) reporting. By adhering to the ESG framework, the company aims to enhance accountability and demonstrate their holistic approach to responsible governance.
Moreover, Symington Family Estates' sustainability initiatives are forward-thinking and align with regulatory trends. Their proactive stance towards compliance with the European Union's Corporate Sustainability Reporting Directive (CSRD) is evident in their early adoption of sustainability reporting practices. By launching their Sustainability Report, they lay the groundwork for future compliance with CSRD guidelines, which will become mandatory for medium and large companies starting in 2026. This proactive approach not only positions the company as a leader in sustainability but also reinforces their long-term commitment to driving positive change in the wine industry and beyond.
Overall, Symington Family Estates' journey towards re-certification as a B Corporation and the launch of their Sustainability Report exemplify their steadfast commitment to sustainability, transparency, and responsible governance. Through these initiatives, they not only set a high standard for themselves but also inspire others in the industry to embrace sustainability as a core value.