Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Diversity, Equity and Inclusion
• Community Engagement
• Business Ethics and Responsible Conduct
• Energy Use and Management
• Water Management
• Legal Compliance
• Compensation and Benefits
• Occupational Health and Safety
• Data Security and Privacy
• Equal Compensation

Environmental Achievements

• Increased load weight efficiencies on trucks and increased rail transportation for shipments, reducing CO2 emissions
• Launched Dogfish Head Re-Gen-Ale, sourcing ingredients that champion regenerative agriculture practices and purchasing carbon credits to offset production and incentivize more farmers to adopt sustainable practices
• Implemented CO2 recovery systems at two largest breweries, reusing more than 50% of total CO2 needs
• Upgraded to energy-efficient foam insulation, high-efficiency lighting, and energy-saving fixtures at Samuel Adams Pennsylvania Brewery, saving over $5,000 and 88,000 kWh in 2021
• Rehoboth Beach restaurant collected over 48,000 oyster shells for habitat restoration

Social Achievements

• 80% coworker participation in annual engagement survey with high scores on various aspects
• Launched internal focus group program to gather coworker feedback
• Launched a 501(c)(3) fund, the Grant Circle, to help coworkers manage unexpected hardships
• Carved out fertility benefits to provide more inclusive, comprehensive coverage
• Launched Samuel Adams Just the Haze and Dogfish Head Lemon Quest, non-alcoholic beverage options
• Contributed $250,000 to GLAAD and donated 100% of proceeds from Love Conquers Ale four-packs to the organization

Governance Achievements

• Established a company-wide network group on sustainability with over 200 coworkers
• Formed an Executive Sustainability Committee
• Created a new Senior Manager of Sustainability position
• Added Pioneer Balanced ESG fund to 401(k) investment options
• 99% of new coworkers completed Code of Business Conduct and Ethics training
• Created Boston Beer Cybersecurity team

Climate Goals & Targets

Environmental Challenges

• Rising inflation and geopolitical uncertainties
• Need to formalize corporate sustainability strategy
• Gaps in data collection and management for accurate ESG reporting
• Potential physical and transition risks from climate change
• Need to improve communication of sustainability expectations to suppliers

Mitigation Strategies

• Formalized corporate sustainability philosophy with three tenets
• Developed a more standardized approach for collecting and managing utility data
• Formed an Executive Sustainability Committee, created a Senior Manager of Sustainability position, and established a Sustainability Network Group
• Developing a climate strategy within the next five years
• Developing a supplier code of conduct in the coming years

Supply Chain Management

Responsible Procurement

• Developing a Supplier Code of Conduct and Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks

• Floods, wildfires, heatwaves, droughts

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Regenerative agriculture, energy efficiency improvements

Reporting Standards

Frameworks Used: GRI, SASB

Sustainable Products & Innovation

• Dogfish Head Re-Gen-Ale
• Samuel Adams Just the Haze
• Dogfish Head Lemon Quest

Awards & Recognition

• Resolve’s 2021 Hope Award for Access

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Our Culture and Coworker Engagement
• Diversity, Equity and Inclusion
• Climate Change
• Water Stewardship
• Waste Management
• Health and Safety
• Business Ethics and Responsible Conduct
• Legal Compliance
• Data Privacy and Security
• Supplier Management
• Sustainable Development Goals

Environmental Achievements

• Calculated Scope 1 and 2 emissions for the first time
• Replaced 3,500 fluorescent light fixtures with energy-efficient LED lights at Pennsylvania brewery, saving approximately 212,000 kWh of energy
• Implemented process improvements to increase combustion efficiency of natural gas-fired boilers at Pennsylvania brewery, saving 744,306 cubic feet of natural gas
• Expanded CO₂ recapture capacity at Cincinnati brewery and added a recovery system at Delaware location
• Modified existing production practices to limit CO₂ venting into the atmosphere, increasing CO₂ captured by 25%
• Reduced product damage rate in warehouse and distribution processes by more than 30% over 2021
• Reduced wastewater expulsion from 2021 to 2022 while producing the same number of cases (approximately 57 million) by 33 million gallons, 2.8 million fewer pounds of BOD, and 282,000 fewer pounds of TSS
• Dogfish Head brewery in Milton, Delaware field-applied 8 million gallons of wastewater during 2022

Social Achievements

• Offered a record number of learning and development classes to a record number of coworkers
• Hosted a calendar of events with coworkers to recognize Mental Health Awareness Month
• Held first annual Sustainability Innovation Tournament
• Increased the diversity of candidates across ethnicity/race (9%), gender (2%), and veteran (5%)
• Committed $1 million to close pay gaps among Boston Beer’s workforce
• Provided 28 grants to coworkers totaling $39,000 through the Coworker Relief Fund
• Logged more than 12,600 hours of development across 427 Sales team members during Sales Training Days

Governance Achievements

• Established a formal charter for the Executive Sustainability Committee (ESC)
• Updated Social Media Guidelines
• Developed a supplier code of conduct
• Implemented a monthly attack simulation training for every coworker
• Expanded the size of the Cybersecurity team
• Created an Environmental, Health and Sustainability Steering & Advisory Committee
• Created the first-ever Corporate Health & Safety Policy

Climate Goals & Targets

Environmental Challenges

• Climate change poses a risk to operations, stakeholders, and communities
• Potential physical and transitional risks from climate change
• CO₂ shortages
• Crop conditions impacted by weather
• Communication and engagement challenges among coworkers

Mitigation Strategies

• Developing a climate strategy focusing on specific risks
• Investing in CO₂ recovery systems
• Implementing Kinaxis supply chain planning system to reduce return shipments and improve network efficiency
• Using regenerative agriculture practices
• Implementing a new data collection and management platform to track KPIs
• Introducing a new internal communications platform (Brew Hub)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier code of conduct (to be implemented in 2023)
• Partnering with third-party co-manufacturers on the West Coast to reduce transportation emissions

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of storm systems
• Heat waves
• Drought
• Flooding

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Our sustainability commitment is partly informed by the Sustainable Development Goals (SDGs).

Sustainable Products & Innovation

• Samuel Adams Just the Haze (non-alcoholic beer)
• Kernza Pils (beer brewed with regenerative grain)

Awards & Recognition

• Samuel Adams Just the Haze won gold at the 2022 Great American Beer Festival

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Stewardship
• Waste Management
• Inclusion and Belonging
• Health and Safety
• Community Engagement
• Supplier Sustainability
• Responsible Advertising
• Data Privacy and Security
• Compensation and Benefits
• Learning and Development

Environmental Achievements

• Reduced electricity usage by more than 16%
• Reduced natural gas usage by approximately 8%
• Reduced lighting energy usage at Dogfish Head Milton brewery by 70%
• Improved truckload utilization by 3.5%
• Reduced board weight of 12 oz. cartons by over 12%, saving 334.83 metric tons of material
• Reduced international corrugated tray usage by 19%
• Samuel Adams Pennsylvania brewery has been landfill-free since 2012

Social Achievements

• Hosted second annual Sustainability Innovation Tournament
• Sustainability Network Group held a “Show and Tell” session
• Expanded focus on Inclusion and Belonging (I&B), creating a new I&B curriculum
• Hired a new I&B Program Manager
• Increased coworker pride in working at Boston Beer and understanding of contribution to company goals
• Improved workplace respect and feeling empowered to be authentic selves at work
• Increased giving back to local communities
• Launched Boston Beer Refresh, a new physical health wellbeing program

Governance Achievements

• Established a formal cadence for engaging the Board around ESG topics (seven touch points planned for 2024)
• Established a three-year plan for sustainability journey
• Updated Boston Beer Coworker Handbook
• Updated Social Media Guidelines
• 91% of new coworkers completed Code of Conduct training

Climate Goals & Targets

Environmental Challenges

• Several process improvements will require increased energy consumption, likely increasing GHG emissions
• Delaware identified as a “high water risk” geography
• Need to understand and reduce Scope 3 emissions
• Need to improve manager effectiveness, particularly around feedback and coaching
• Need for increased pay transparency

Mitigation Strategies

• Evaluating how to mitigate increased GHG emissions while implementing process improvements
• Manually tracking groundwater consumption at New York and Delaware sites
• Strategic partnership with FourKites for supply chain visibility and emissions tracking
• Developing a plan to leverage 360 evaluations for leadership development
• Disclosing salary pay ranges to coworkers and externally

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Enhanced Request for Proposals process
• Focus on supplier diversity
• Incorporating ESG criteria into requests for proposals
• Adding sustainability questions to supplier quality audit tools

Climate-Related Risks & Opportunities

Physical Risks

• Changes to global weather patterns
• Increased severe natural disasters
• Decreased quality and availability or increased cost of key ingredients

Transition Risks

• Water scarcity
• Regulatory changes

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Sustainable Products & Innovation

• Samuel Adams Gold Rush
• Samuel Adams Just the Haze
• Dogfish Head The Most Comfortable Logger In The Woods
• Dogfish Head Re-Gen-Ale
• Samuel Adams Tractor Beer
• Samuel Adams Unmalted Lager

Awards & Recognition

• Samuel Adams Gold Rush: Best Non-Alcohol Beer Trophy at 2023 Melbourne Royal Australian International Beer Awards, Silver at Brussels Beer Challenge
• Samuel Adams Just the Haze: Silver at 2023 World Beer Cup