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."

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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/