Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Smart Drinking and Road Safety
• Workplace Safety
• Business Ethics

Environmental Achievements

• Reduced water usage to a leading-edge 3.2 hectoliters of water per hectoliter of production
• Reduced global greenhouse gas emissions per hectoliter of production by 10%
• Reduced global energy usage per hectoliter of production by 10%
• Reduced packaging materials by 100,000 tons
• Reached a 70% global average of eco-friendly cooler purchases annually
• Reduced greenhouse gas emissions in logistics operations by 15% per hectoliter sold from our 2013 baseline
• Decreased the amount of waste sent to landfill by 43% compared to 2016
• Decreased total waste by 0.9% over the same period
• Recycled 99.4% of brewery waste

Social Achievements

• Launched SmartBarley, a digital platform to help farmers improve productivity and environmental performance (over 5,000 farmers across 12 countries participated)
• Created 10,000 jobs in South Africa through an entrepreneurship program
• Empowered 80,000 women-run small retailers in Colombia, Peru, and Ecuador with business skills training and financial services
• Global Be(er) Responsible Day engaged more than 60,000 colleagues worldwide to promote awareness about smart drinking
• Supported disaster relief and recovery efforts through water donations, funds, equipment, and volunteering

Governance Achievements

• Integrated sustainability and procurement activities under a single function led by an Executive Board of Management member
• Implemented a data aggregation and analytics program (BrewRIGHT) to manage compliance data
• 100% of colleagues had access to the whistle-blowing hotline

Climate Goals & Targets

Environmental Challenges

• Industry softness in the US and Canada
• Challenging macroeconomic conditions in Brazil and Colombia
• Water stress in several key markets
• Reducing post-consumer packaging waste
• Harmful alcohol use
• Road safety issues
• Integrating compliance systems from two multinational companies

Mitigation Strategies

• Premiumization strategy, disciplined cost management, and optimization of commercial investments
• Investing in watershed protection programs, sustainable irrigation, and community water-access programs
• Partnering with local stakeholders to develop recovery and recycling solutions
• Implementing City Pilots program to reduce harmful alcohol consumption
• Investing in road safety programs and partnerships
• Developing BrewRIGHT program to manage compliance data

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Global Responsible Sourcing Policy

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity
• Poor water quality

Transition Risks

• Climate change
• Legal, regulatory, or market measures to address climate change

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals

Certifications: Null

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-Being)
• Goal 11 (Sustainable Cities and Communities)
• Goal 17 (Partnerships for the Goals)

Not disclosed

Sustainable Products & Innovation

• Canvas (sustainable, plant-based beverage)

Awards & Recognition

• 27 medals in the World Beer Awards (Brazil)
• 191 beer awards globally
• UN Global Compact Award (Voluntarios Modelo program)
• Best Compliance Practice (Compliance Champions) award from CEMEFI

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Disruptions to production facilities and distribution operations due to COVID-19 restrictions.
• Constraints on sourcing beverage containers and raw materials.
• Significant impact on on-premise sales due to lockdowns and social distancing measures.
• Decreased demand for products due to deteriorating economic conditions.
• Increased costs due to compliance with COVID-19 measures.
• Increased commodity and logistics costs.

Mitigation Strategies

• Implementing hedging policies to manage commodity price and foreign currency risks.
• Focusing on deleveraging to reduce debt levels.
• Entering into medium- and long-term fixed-price arrangements for raw materials.
• Implementing cost-saving and efficiency programmes.
• Announcing 2025 Sustainability Goals focusing on smart agriculture, water stewardship, circular packaging, and climate action.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water scarcity

Transition Risks

• Regulatory changes
• Increased energy costs

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs), SASB, UN Guiding Principles reporting framework, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 313 awards won in 2021

Environmental Metrics

ESG Focus Areas

• Climate action
• Sustainable agriculture
• Water stewardship
• Circular packaging
• Smart Drinking
• Human Rights
• Diversity, Equity & Inclusion
• Ethics & Transparency

Environmental Achievements

• Reduced absolute GHG emissions across Scopes 1 and 2 by 39.2% since 2017
• Reduced GHG emissions intensity across Scopes 1, 2, and 3 by approximately 21% since 2017
• Contracted 97.1% of global purchased electricity volume from renewables
• Achieved carbon neutrality at an additional ten facilities in FY22, totaling thirteen globally
• 77% of products were in packaging that was returnable or made from majority recycled content

Social Achievements

• Invested over 700 million USD from 2016-2022 in social norms marketing campaigns (on track for 1 billion USD by 2025)
• Improved water efficiency by 14.3% since 2017
• 89% of direct farmers met criteria for skilled, 72% for connected, and 72% for financially empowered
• 28% women among top five leadership levels
• Delivered 10+ million cans of emergency drinking water to those in need

Governance Achievements

• Established a global whistle-blowing system
• Implemented BrewRIGHT and Lighthouse digital risk analytics systems
• Launched online trainings focused on conflict of interest, digital ethics principles, and harassment bystander intervention
• Reviewed grievance mechanism and processes to identify opportunities for further alignment with UNGP guidance

Climate Goals & Targets

Environmental Challenges

• Economic uncertainties
• Elevated input costs
• Supply chain disruptions

Mitigation Strategies

• Revenue management initiatives
• Continued premiumization
• Improved packaging efficiencies by 2.5% (Gross Line Yield) and productivity by 2.9%
• Automated tools to plan and manage inventories

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Sustainable Products & Innovation

• Corona 20-pocket beer crate made 91% from recycled plastic
• World’s lightest can in Mexico

Awards & Recognition

• Gold Medal for International Corporate Achievement in Sustainable Development (World Environment Center)
• Double A score from CDP for transparency and reporting on climate change and water security
• Inclusion in 2023 Bloomberg Gender-Equality Index
• Inclusion in Fortune’s Change the World list
• Manufacturer of the Year 2022 (Manufacturing Leadership Council)
• World’s Most Effective Marketer in the Global Effie Index
• Creative Marketer of the Year (Cannes Lions)
• 50 Cannes Lions awards