Constellation Brands, Inc.
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Water Stewardship
- Waste Reduction
- Circular Packaging
- Board Diversity
Environmental Achievements
- Achieved 1.1 billion gallon water restoration target two years early in Fiscal 2023 (initial target for 2023-2025 timeframe)
- Increased water withdrawal restoration target to 5 billion gallons from Fiscal 2023 to Fiscal 2025
- Announced commitment to reduce waste within key operating facilities by Fiscal 2025
- Announced commitment to enhance use of circular packaging
Social Achievements
- Appointed two new independent directors with strong financial expertise (Bill Giles and Luca Zaramella)
- Elected a new independent board chair (Chris Baldwin) with extensive executive and board leadership experience
Governance Achievements
- Appointed two new independent directors with strong financial expertise (Bill Giles and Luca Zaramella)
- Elected a new independent board chair (Chris Baldwin) with extensive executive and board leadership experience
Climate Goals & Targets
Medium-term Goals:
- Deliver net sales growth of 7-9% and an operating margin of approximately 39% for Beer Business in Fiscal 2025
Short-term Goals:
- Restore more than 5 billion gallons of water withdrawals to key watersheds between Fiscal 2023-2025
Environmental Challenges
- Wine and Spirits business faced challenging market dynamics in Fiscal 2024
Mitigation Strategies
- Wine and Spirits team to focus on enhanced commercial and operational execution and deliver profitable growth; prioritize investments in higher-end brands; revitalize mainstream brands; align with distributors; optimize marketing and promotional activities; and drive operational and supply chain efficiencies.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- #1 growth leader among large CPG companies (Circana, calendar year 2023)