Climate change remains one of the most pressing global challenges facing society. At AB InBev, we are committed to driving decarbonization and building climate resilience through our 2025 Sustainability Goals. Today, we are proud to announce a new ambition to achieve net zero across our value chain by 2040.
Ezgi Barcenas, our Chief Sustainability Officer, made the announcement during our 2021 Investor Seminar, in which our CEO Michel Doukeris presented a new Global Purpose – We Dream Big to Create a Future with More Cheers - and our company’s forward-looking strategy.
“Delivering on our purpose to create a future with more cheers means we must act with urgency to help address the climate crisis and support our communities,” said CEO Michel Doukeris. “Our business cannot exist without healthy, natural environments, thriving communities and a resilient supply chain, all of which require strategic climate action.”
“We are paving the way in climate action through our 2025 Sustainability Goals. We are proud to be one of the first 100 companies to have our climate action goal, which is consistent with a 1.5-degree pathway, validated by the Science Based Targets initiative. From building a resilient and agile value chain to solidifying our role as a trusted partner in local communities to identifying and capturing new sources of business value, climate transition and our broader ESG agenda will play a key role in delivering on our company strategy and purpose,” said Ezgi Barcenas.
We have made significant progress towards our 2025 Sustainability Goals. Between 2017 and 2020, absolute GHG emissions in our operations (Scopes 1 and 2) reduced by nearly 25% and value chain emissions (Scopes 1, 2, 3) reduced by over 10% per hectoliter across our value chain. Earlier this year we announced our first carbon neutral breweries in Wuhan, China, and Ponta Grossa, Brazil and our first carbon neutral malthouse in Brazil. In addition, we announced a partnership to install our first green hydrogen station in Magor, UK. We will continue to pursue innovation and partnerships in support of our ambition to achieve net zero.
We have outlined our ambition to achieve net zero by 2040 through key actions to accelerate our climate transition. Our approach is:
Strengthened by inclusivity: Collaboration with suppliers and retailers, partnering with start-ups with breakthrough solutions and engaging with the wider industry will be key to decarbonize the value chain.
Underpinned by natural solutions: Engagement with farmers in our supply chain will help scale regenerative agriculture practices to enrich soil health while improving the ability to capture carbon. In addition, we believe that nature-based solutions to improve watershed health will help tackle climate change.
Focused on local impact: We’re prioritizing local emissions reduction in our operations and across our value chain, including through investment to drive local innovation.
We believe that transparency and disclosure are key to reporting our learnings and progress towards our ambition. We will continue to disclose progress on our 2025 Sustainability Goals and ambition to achieve net zero by 2040, and we look forward to sharing more information in our 2021 ESG Report.
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