Climate Change Data

New Belgium Brewing Company, Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:270,548 tCO2e/year
Scope 1 Emissions:23,476 tCO2e/year
Scope 2 Emissions:15,192 tCO2e/year
Scope 3 Emissions:231,880 tCO2e/year
Renewable Energy Share:2.0%
Total Energy Consumption:98,347 MWh/year
Water Consumption:977 megaliters/year
Waste Generated:83,061 MT/year
Carbon Intensity:17.11 MT CO2e per thousand hectoliters of beer (2023)

ESG Focus Areas

  • Coworker wellbeing
  • Community impact
  • Environmental stewardship
  • Climate action
  • Responsible drinking
  • Diversity, Equity & Inclusion

Environmental Achievements

  • Fat Tire became the first nationwide carbon neutral certified beer (2020)
  • Achieved a 78% reduction in scope 1 and 2 emissions per gallon packaged (2023)
  • Asheville brewery solar array generated 390 megawatt-hours of electricity, meeting 6.5% of the brewery’s electricity demand (2023)
  • Fort Collins brewery achieved a waste diversion rate of 99.85% (2023)

Social Achievements

  • Rolled out Headspace, a mental health service provider, to support all coworkers (2023)
  • Coworker engagement score of 80% in 2023, a 7% improvement from the previous year
  • 90% coworker retention rate in 2023
  • Donated over $38,000 to Maui Wildfire relief efforts (2023)
  • Invested $1,592,188.54 in community giving programs (2023)

Governance Achievements

  • Achieved a 100 rating on the HRC Corporate Equality Index (2021-2023)
  • Introduced a company-wide Inclusion Parity Score (2023)

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce absolute scope 1 & 2 GHG emissions 55% by 2030
  • Reduce absolute scope 3 GHG emissions 30% by 2030
  • All brands certified carbon neutral by 2030
Short-term Goals:
  • Increase near miss and hazard reporting by 20% in 2024

Environmental Challenges

  • Increased scope 1 and 2 emissions due to acquisition and production increase (2023)
  • Ergonomic injuries identified as highest safety risk (2023)
  • Limited supplier options constraining ability to influence supplier practices
  • Difficulty obtaining granular emissions data from suppliers
Mitigation Strategies
  • Partnered with AtmosZero to pilot steam boiler electrification (2023)
  • Deployed onsite ergonomic consultations and job rotation (2023)
  • Implemented a third-party platform to collect supplier emissions data (2022)
  • Developed and distributed a Supplier Responsible Sourcing Code
  • Advocating for extended producer responsibility legislation and improved recycling infrastructure

Supply Chain Management

Supplier Audits: 0

Responsible Procurement
  • Supplier Responsible Sourcing Code

Climate-Related Risks & Opportunities

Physical Risks
  • Declining yields of agricultural products
  • Supply chain disruption due to extreme weather
  • Water stress from droughts
Transition Risks
  • Carbon pricing
  • Volatile energy prices
  • Changing consumer preferences related to packaging
  • Sustainability-related reputational risks
Opportunities
  • Expanding market demand for carbon neutral beverages
  • Cost-effective resource efficiency initiatives
  • Reducing dependence on fossil fuels
  • Building resilient supply chains

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: B Corp

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Fat Tire (carbon neutral)

Awards & Recognition

  • Not disclosed