Molson Coors Brewing Company ‘Raising the Bar on Beer’ With New 2025 Sustainability Goals
August 16 2017 - 10:00AM
Business Wire
Global brewer aims for zero waste to landfill
across all major manufacturing facilities
Today, Molson Coors Brewing Company (NYSE: TAP; TSX: TPX)
released its 2017 Our Beer Print Report, announcing a bold, new
sustainability strategy and goals to guide the company through
2025. This is the first sustainability report released since Molson
Coors closed on the acquisition of MillerCoors in October 2016,
elevating them to become one of the world’s leading global brewers.
This new set of goals reflects the brewer’s heightened global
position.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170816005266/en/
Molson Coors Brewing Company 'Raising the
Bar on Beer' With New 2025 Sustainability Goals (Photo: Business
Wire)
“As our company grows and looks toward the future, we are
increasingly proud of our commitment to leave a positive ‘Beer
Print’ with every beer we brew,” said Mark Hunter, president and
CEO of Molson Coors. “Our Beer Print 2025 is a vision for the
future and our way of ‘Raising the Bar on Beer’ with a series of
aspirations that will help shape our company, change behaviors and
set industry standards.”
2025 ‘Our Beer Print’ Goals
Molson Coors’ new sustainability strategy reflects the company’s
broadest set of goals to date, and includes input from key internal
stakeholders and leaders, in addition to more than 100 external
partners. The goals reflect the areas of interest most important to
these stakeholders and are categorized in three pillars:
Responsibly Refreshing, Sustainably Brewing and Collectively
Crafted.
Of note, Molson Coors is working toward achieving zero waste to
landfill across all of the company’s major manufacturing
facilities, and is well on its way with 13 sites having achieved
this status by the end of 2016. The company will also aim to
continue to support its communities by investing $100 million in
aggregate contributions by 2025.
Additional 2025 goal highlights include:
- Responsibly Refreshing:
Implementing more impactful programs to reduce harmful alcohol use;
delivering nutritional labelling in 100 percent of the company’s
products; and ensuring consumers have access to low and no-alcohol
beers in every market where Molson Coors sells beer.
- Sustainably Brewing: Improving
water efficiency by 22 percent across breweries; achieving 2.8hl/hl
water-to-beer ratio; reducing absolute carbon emissions by 50
percent within their direct business and 20 percent across the
value chain; and improving water-use efficiency of their
agricultural supply chain and malting operations by 10 percent, a
volume equivalent to the water use across all Molson Coors
breweries.
- Collectively Crafted: Aiming to
be recognized as a Great Place to Work®; promoting diversity across
the supply chain; and actively engaging with women-owned or
minority-owned businesses as suppliers.
“Doing business the right way has been core to who we are for
generations. And given this new chapter in our company’s long
history, we now have even greater responsibility to make a positive
impact on the world,” said Kim Marotta, global senior director of
corporate responsibility at Molson Coors. “Our new sustainability
strategy reflects our broadest set of goals to date - a
comprehensive, long-term plan that will put us on the leading edge
as we look to 2025.”
2016 Sustainability Performance
The company also reported on their collective progress towards
prior sustainability goals during 2016, including:
- Alcohol Responsibility: As part
of the Global CEO Commitments, joined with 10 other top global
alcohol producers to help reduce the harmful use of alcohol by 10
percent globally; and 177 brands and brand extensions have a
symbol, equivalent words or a website with additional information
on alcohol responsibility.
- Water Efficiency: Achieved
3.53hl/hl water-to-beer ratio for the merged Molson Coors and
MillerCoors operations.
- Waste Reduction: Attained zero
waste to landfill at 13 major manufacturing facilities by the end
of 2016.
- Energy & Carbon Performance:
Made investments in cleaner energy sources and energy-saving
initiatives to reduce the carbon footprint of our breweries and
reduce emissions.
- Community Investment: Invested
over $12.1 million in communities where offices and breweries are
located.
Since 2012 Molson Coors has been listed on the Dow Jones
Sustainability World Index, and was named Beverage Sector Leader in
2012 and 2013. Molson Coors has retained a position on the World
Index since 2012, for five consecutive years.
Read the complete Our Beer Print 2017 Sustainability Report
here.
About Molson Coors Brewing Company
With a story that starts in 1774, Molson Coors has spent
centuries defining brewing greatness. As one of the largest global
brewers, Molson Coors works to deliver extraordinary brands that
delight the world’s beer drinkers. From Coors Light, Miller Lite,
Carling, Staropramen and Sharp’s Doom Bar to Leinenkugel’s Summer
Shandy, Blue Moon Belgian White, Hop Valley, Creemore Springs
Premium Lager and Crispin Cider, Molson Coors offers a beer for
every beer lover.
Molson Coors operates through Molson Coors Canada, MillerCoors,
Molson Coors Europe and Molson Coors International. The company is
not only committed to brewing extraordinary beers, but also running
a business focused on respect for its employees, communities and
drinkers, which means corporate responsibility and accountability
right from the start. It has been listed on the Dow Jones
Sustainability World Index for the past five years. To learn more
about Molson Coors Brewing Company, visit molsoncoors.com,
ourbeerprint.com or on Twitter through @MolsonCoors.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the U.S. federal securities laws. Generally, the
words “aspire,” “goals,” “aims,” “believe,” “expect,” “intend,”
“anticipate,” “project,” “will,” and similar expressions identify
forward-looking statements, which generally are not historic in
nature. Forward-looking statements include those relating to MCBC’s
investments in socioeconomic programs; water management and other
environmental efforts; reuse and recycling measures; and sourcing
of raw materials. Although MCBC believes that the assumptions upon
which its forward-looking statements are based are reasonable, it
can give no assurance that these assumptions will prove to be
correct. Important factors that could cause actual results to
differ materially from MCBC’s projections and expectations are
disclosed in MCBC’s filings with the Securities and Exchange
Commission (“SEC”). These factors include, among others, health of
the beer industry and our brands in our markets; economic
conditions in our markets; stock market and commodities
performance; crop yields; consumer demand; global economic
conditions; changes in laws and regulations; development of new
technology; costs of resources and raw materials; force majeure
events; changes in our supply chain system; availability or
increase in the cost of packaging materials; success of our joint
ventures; risks relating to operations in developing and emerging
markets; the impact of climate change and the availability and
quality of water; the ability to attract, hire and retain qualified
personnel; future financial and operating performance within and
related to the industry; and other risks discussed in our filings
with the SEC. All forward-looking statements in this Press Release
are expressly qualified by such cautionary statements and by
reference to the underlying assumptions. You should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made. We do not undertake to update forward-looking
statements, whether as a result of new information, future events
or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170816005266/en/
OgilvySallie Sangiorgio,
303-527-4611sallie.sangiorgio@ogilvy.com
Molson Coors Beverage (NYSE:TAP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Molson Coors Beverage (NYSE:TAP)
Historical Stock Chart
From Sep 2023 to Sep 2024