Anheuser-Busch InBev NV (AB InBev) is a multinational beverage and brewing company headquartered in Leuven, Belgium. The company is the largest brewer in the world, with a portfolio of over 500 beer brands, including Budweiser, Corona, Stella Artois, and Beck's. AB InBev operates in more than 50 countries and has a workforce of over 170,000 employees.
AB InBev is committed to sustainability and has set ambitious decarbonisation targets. The company aims to reduce its carbon footprint by 25% by 2025 and to source 100% of its electricity from renewable sources by 2025. AB InBev has already made significant progress towards these goals, with a 12.5% reduction in carbon emissions since 2017 and 50% of its electricity sourced from renewable sources in 2020.
One of the key ways AB InBev is achieving its decarbonisation targets is through corporate energy initiatives. The company has implemented a variety of energy efficiency measures across its operations, including the installation of LED lighting, the use of energy-efficient equipment, and the implementation of energy management systems. AB InBev has also invested in renewable energy projects, such as wind and solar farms, to generate clean energy for its operations.
In addition to these initiatives, AB InBev has also entered into corporate power purchase agreements (PPAs) to secure renewable energy for its operations. Corporate PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for renewable energy over a set period. AB InBev has signed several corporate PPAs in recent years, including a 10-year agreement with BayWa r.e. to purchase 100% renewable electricity from two solar farms in Spain.
AB InBev's commitment to renewable energy and decarbonisation is not only good for the environment but also makes good business sense. By reducing its reliance on fossil fuels, the company is insulating itself from the volatility of energy prices and reducing its exposure to carbon pricing and other regulatory risks. Furthermore, AB InBev's sustainability efforts are resonating with consumers, who are increasingly demanding environmentally responsible products and services.
AB InBev's sustainability efforts are not limited to decarbonisation and renewable energy. The company is also focused on water stewardship, circular packaging, and responsible sourcing. AB InBev has set a target to reduce its water usage by 25% by 2025 and has implemented a variety of water-saving measures, such as the use of water-efficient brewing techniques and the implementation of water recycling systems. The company is also committed to using 100% recyclable or reusable packaging by 2025 and has launched several initiatives to promote recycling and reduce waste.
In terms of responsible sourcing, AB InBev has set strict standards for its suppliers and is committed to sourcing its ingredients sustainably. The company has implemented a variety of programs to support farmers and promote sustainable agriculture, such as the SmartBarley program, which provides farmers with tools and resources to improve their yields and reduce their environmental impact.
Overall, AB InBev is a leader in sustainability in the brewing sector, with a comprehensive and ambitious sustainability strategy that covers decarbonisation, renewable energy, water stewardship, circular packaging, and responsible sourcing. The company's sustainability efforts are not only good for the environment but also make good business sense, as they help to reduce costs, mitigate risks, and meet the growing demand for environmentally responsible products and services.