This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Concha Y Toro Completes Measurement Of Its Water Footprint With Positive Results

Stocks in this article: VCO

SANTIAGO DE CHILE, Chile, July 1, 2011 /PRNewswire/ -- One year after initiating measurement of its water footprint in partnership with the Fundacion Chile and the Water Footprint Network, results show that Vina Concha y Toro uses 40% less water in producing one glass of wine than the estimated average of the world's wine industry, making it the first winery in the world to measure its water footprint using the methodology of the Water Footprint Network.

These results are especially important as Concha y Toro registers a water footprint smaller than the estimated averages for selected zones and regions of France, Argentina, Australia, Italy, USA and Spain (*).

The stages of the production process with the largest water footprints were likewise identified, with 92% used in the grape production stage, and 8% in the vinification and bottling stages.  Since Concha y Toro currently irrigates 87% of the vineyard's production surface using drip irrigation, this guarantees a high degree of water efficiency, and likewise allows projections that the company will continue this improvement in sustainable water use, in view of its hopes to progressively increase the area irrigated by drip irrigation.  The company also plans to continue making this annual measurement, and to implement recommendations as they arise from the process.

According to Juan Ramon Candia, Water and Environment Manager for Fundacion Chile, "I think that this will help to position the Chilean wine industry in terms of sustainability with a powerful sign to the destination markets. As the Fundacion Chile, this experience has allowed us to deepen and reinforce our knowledge, as well as make an exhaustive review of the methodology, identifying its strengths and weaknesses for future applications in other industries".

On the other hand Cristobal Goycoolea, Vina Concha y Toro Manager of Sustainable Development, stated that, "This first calculation of the Concha y Toro corporate water footprint is a new sign of the depth and the seriousness of our commitment to conservation of the environment and its resources, and a new step in our strategy for sustainable vineyard development. And it is the initial kick off in developing an integral water management policy in our company".

(*) Reference data- calculations are general averages and the CyT value is a detailed calculation)

SOURCE Vina Concha y Toro S.A.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs