Green Forum • 23 October, 2024 at 7:33 PM
Purcari Wineries Public Company Limited, the leading wine producer in Central and Eastern Europe, announced the signing of a Memorandum of Understanding (“MoU”) with the Green for Growth Fund (“GGF”), advised by Finance in Motion. The MoU establishes a collaborative framework that aligns with GGF's mission to mitigate climate change and promote sustainable economic growth.
This collaboration aligns with Purcari's 2027 strategy, "2x by 200," announced on October 4, 2024, and is centered on sustainability, environmental responsibility, and climate adaptation, driving more sustainable wine production in Moldova and beyond. It will utilize GGF's technical support and financial resources to enhance Purcari's capacity to implement energy-efficient systems, renewable energy solutions, and eco-friendly practices across its operations.
“This cooperation is part of our mandate to support Moldova's green transition, ensuring its energy independence by providing access to finance and expertise,” said the Chairperson of the GGF Board of Directors, Simon Gupta, who signed the MoU. “We take great pride in partnering with Purcari Wineries to jointly enable a greener and more sustainable future for the
Group, the story of which is a true testament to the power of tradition, innovation, and resilience."
“We are truly honored to partner with such a reputable fund as the Green for Growth Fund. This collaboration aligns seamlessly with our Purcari 2027 strategy, where we aim to enhance sustainability through initiatives like modern water treatment, optimizing resource consumption, and investing in ecological viticulture. With GGF's support, we will gain access to vital funding and expertise, facilitating our transition to greener operations. Our commitment extends beyond producing exceptional wines; we are dedicated to preserving our wine heritage for future generations while fostering cultural and environmental stewardship in our communities”, mentioned Alex Filip, Deputy CEO of Purcari Wineries PCL.