DOCSLIB.ORG

HEINEKEN 2016 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
HEINEKEN 2016 Annual Report Annual Report 2016 Heineken N.V. Report of the Report of the Financial Sustainability Other Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information Inside this year’s report Introduction Report of the Supervisory Board Sustainability Review We Are HEINEKEN 01 To the Shareholders 46 Brewing a Better World: our sustainability performance 135 Remuneration Report 50 Protecting water resources 136 Report of the Executive Board Reducing CO2 emissions 138 Chief Executive’s Statement 02 Financial Statements Sourcing sustainably 140 Strong performance and progress 04 Consolidated Income Statement 59 Advocating responsible consumption 141 Key figures 05 Consolidated Statement of Promoting health and safety 143 Comprehensive Income 60 Our impact on society: Growing with communities 144 From Barley to Bar 06 Consolidated Statement Reporting basis and criteria of Financial Position 61 Executive Team 08 non-financial indicators 146 Consolidated Statement List of operating companies of Cash Flows 62 Our business priorities 09 for non-financial indicators 151 Consolidated Statement Win in premium led by Heineken® 10 of Changes in Equity 64 Shape the cider category 11 Notes to the Consolidated Other Information Lead by cool marketing and innovation 12 Financial Statements 66 Appropriation of Profit 153 Be commercially assertive 13 Heineken N.V. Balance Sheet 124 Independent Auditor’s Report 154 Drive end2end productivity 14 Heineken N.V. Income Statement 125 Deloitte Assurance Report 158 Brewing a Better World 15 Notes to the Heineken N.V. Financial Statements 126 Shareholder Information 160 Regional Review 16 Bondholder Information 164 Africa, Middle East and Eastern Europe 17 Historical Summary 165 Americas 18 Glossary 167 Asia Pacific 19 Reference Information 169 Europe 20 Disclaimer 170 Risk Management 21 Financial Review 28 Corporate Governance Statement 33 Further information online at: theHEINEKENcompany.com – Download the Annual Report – Find out about HEINEKEN’s history – Explore our countries and brands – Read more about our sustainability journey Follow us on Twitter for news and updates: @HEINEKENCorp Heineken N.V. Report of the Report of the Financial Sustainability Other 01 Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information We Are HEINEKEN We build true human connections and break down barriers, because we believe great moments of shared experiences are the best in life. We are inspired by consumers to brew the best beers and extend that same passion to all of our brands, products and activities. We are proud of our family history and Dutch heritage and derive from them our entrepreneurial spirit that takes us to every corner of the world. We are brand builders. The Heineken® brand defines and unites us while our many local, regional and global brands make our portfolio diverse and unique. People are at the heart of our company. We see our strength in trust, diversity and progress. We stand by our values: passion for quality, enjoyment of life, respect for people and for the planet. We always advocate for responsible consumption. We are committed to our communities and strive to consistently improve the impact we make on the planet. We work with our customers and partners to grow together and seek to win with integrity and fairness. And we are convinced that by staying true to these commitments, we create value for our shareholders. We Are HEINEKEN. Heineken N.V. Report of the Report of the Financial Sustainability Other 02 Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information Chief Executive’s Statement 2016 was another strong year for HEINEKEN despite a tough economic environment, significant currency fluctuations and geopolitical instability. Organic revenue grew by 4.8% with revenue per hectolitre up 2.2%. In addition, our operating profit (beia) grew by 9.9%, Diluted Earnings Per Share (beia) increased by 2.9% to EUR 3.68, and we delivered a margin expansion of more than 50 basis points. We benefited from our unique diversified footprint. Whereas our Africa, Middle East and Eastern Europe region was negatively affected by adverse economic circumstances, Europe, Asia and the Americas performed well, with Vietnam and Mexico particularly strong. The Heineken® brand grew 3.7%, with positive volume performance across all regions. Innovations under the brand include the new ‘wild lager’ beers H41 and H71, which were launched in selected markets in Europe. In addition to our UEFA Champions League, Rugby and James Bond sponsorships, we announced a five-year partnership with Formula 1® in May. The partnership allows us to connect with more consumers, particularly in high growth markets, and to build a bold responsible marketing campaign. In the next five years, we will commit EUR 200 million and our best marketing brains to reinforce our ‘When You Drive, Never Drink’ message with campaigns in markets around the world. Our International Brands portfolio outperformed overall portfolio growth. Amstel, which now sells in more than 100 markets, reached 11.5 million hectolitres and is a challenger in its segment. Tecate and Tiger delivered stellar growth. Tiger reached the 10 million hectolitre milestone much earlier than anticipated and expanded sales to a total of almost 60 markets. Both Tecate and Tiger are connecting with consumers through the positions they are taking on things that matter to these brands and consumers alike. In the last two years, our Cider portfolio has grown from 25 markets to now being enjoyed in a total of 41. In 2016, the UK, the home of ciders, also grew. Overall, our consolidated cider volume grew to 4.8 million hectolitres. The growth of cider has been fuelled in particular by Strongbow Apple Ciders, our flagship brand, but is also supported by the growth of our other cider brands, including our newest, Orchard Thieves, and the continuous ingredient and flavour innovations of the portfolio. We see a lot of potential for our low- and no-alcohol portfolio, which in 2016 reached a consolidated volume of 12.3 million hectolitres. The portfolio continues to develop with new innovations that expand consumer choice. We are learning a lot from brands like Amstel, Fayrouz, Bintang and Cruzcampo and in markets like Nigeria, Indonesia and Spain where this part of the business is thriving. In 2016, Radler extended beyond European markets into Mongolia, Egypt and Chile and Radler 0.0% launched in five markets. We see a lot of opportunity for growth and are very excited to launch Heineken 0.0 in 2017. In 2016, HEINEKEN continued to invest in key developing markets. We added capacity in Ethiopia and Cambodia. We opened a brewery in Shanghai, acquired a brewery in Vietnam, and we are building a new brewery in Mexico. Heineken N.V. Report of the Report of the Financial Sustainability Other 03 Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information In addition, we continued to optimise costs, leverage our size, and improve the efficiency of our Financial Shared Services and Global Procurement. Our operations improved productivity despite increasing complexity brought about by an enlarged product offering and increased personalisation requirements from retailers. Efficiency and productivity targets are tightly linked to our Brewing a Better World strategy. In 2016, we decreased our water consumption to 3.6 hl/hl from 3.7 hl/hl in the previous year. These savings would be equivalent to more than 1,000 Olympic-sized swimming pools of water. Our CO2 emissions in production decreased to 6.5 kg CO2-eq/hl, down from 6.7 kg CO2-eq/hl in 2015. This reduction is similar to the emissions saved by installing nearly 300,000 solar panels. We are on track with most of our 2020 Brewing a Better World commitments and during 2017 we will define our 2030 ambitions in line with the UN Sustainable Development Goals (SDGs) and COP21. In the last seven years, since we kicked off Brewing a Better World, our CO2 emissions have decreased 5%, despite our business volume growing by 52%. But this is not enough. As a result of the Paris Agreements of COP21, we will redouble our efforts in emission reduction. Preparing for the future requires above all great leaders that can do more than drive excellent financial performance. In 2016, 150 of our most senior leaders attended a week-long residential course at Harvard Business School. We are rolling out a renewed guide of Leadership Expectations and a new Inclusion and Diversity Platform will help us to better leverage our global talent pool. HEINEKEN is a very inclusive company and we see diversity as a richness. Five nationalities are represented in our Supervisory Board, seven in our Executive Team and 53 in our senior leader community. We now aim to increase our focus on gender diversity. Our values guide how we work and conduct our business and we support the principles of the OECD guidelines. This is the first year we have produced a joint annual and sustainability report. We feel strongly that our aim is to run the business sustainably throughout our operations. Disclosing the progress of Brewing a Better World together with our financial results is the right thing to do going forward. In 2017, economic conditions are expected to remain volatile and we have assumed a negative impact from currency comparable to 2016. We expect further organic revenue and profit growth. Excluding major unforeseen macroeconomic and political developments as well as the impact of proposed acquisitions in Brazil and in the UK, we expect continued margin expansion in 2017 in line with the medium term margin guidance of a year-on- year improvement in operating profit (beia) margin of around 40bps. Capital expenditure related to property, plant and equipment should be slightly below EUR 2 billion. I end this letter by expressing my gratitude to our customers, partners and stakeholders.
Load more

Recommended publications
  • Group Companies(66KB)
    Group Companies (As of December 31, 2016) The Kirin Group is headed by Kirin Holdings Company, Limited, a pure holding company, which has 188 consolidated subsidiaries and 18 affiliated companies accounted for using the equity method. Percentage Company Name Location Description of Business of Holding Japan Integrated Beverages Management and provision of specialized services for Japan Kirin Company, Limited Tokyo, Japan 100.0 Integrated Beverages Business Kirin Brewery Company, Limited Tokyo, Japan Manufacturing and sales of beer and other alcoholic beverages, etc. 100.0 Kirin Beer Marketing Company, Ltd. Tokyo, Japan Marketing and sales promotion for beer and other alcoholic beverages 100.0 Import, manufacturing, and sales of wine and other alcoholic Mercian Corporation Tokyo, Japan 100.0 beverages Kirin Beverage Company, Ltd. Tokyo, Japan Manufacturing and sales of non-alcoholic beverages 100.0 Kirin Beverage Value Vendor Company, Planning and sales of non-alcoholic beverages and food products to Tokyo, Japan 100.0 Limited sell via vending machines Manufacturing of domestically produced whiskey and spirits, etc., Kirin Distillery Co., Ltd. Shizuoka, Japan 100.0 at the Fuji-Gotemba Distillery Development of SPRING VALLEY BREWERY brand craft beer products, SPRING VALLEY BREWERY COMPANY Tokyo, Japan and planning, operation, and management of restaurants attached to 100.0 microbreweries YO-HO BREWING COMPANY* Nagano, Japan Manufacturing and sales of craft beer 33.3 Administration of alcoholic beverages business in China, identification of new investment opportunities and other business development 1 Kirin (China) Investment Co., Ltd. Shanghai, China 100.0 activities in China, sales of Kirin brand products in the Yangtze River Delta Economic Zone Kirin Brewery (Zhuhai) Co., Ltd.
    [Show full text]
  • The Deity's Beer List.Xls
    Page 1 The Deity's Beer List.xls 1 #9 Not Quite Pale Ale Magic Hat Brewing Co Burlington, VT 2 1837 Unibroue Chambly,QC 7% 3 10th Anniversary Ale Granville Island Brewing Co. Vancouver,BC 5.5% 4 1664 de Kronenbourg Kronenbourg Brasseries Stasbourg,France 6% 5 16th Avenue Pilsner Big River Grille & Brewing Works Nashville, TN 6 1889 Lager Walkerville Brewing Co Windsor 5% 7 1892 Traditional Ale Quidi Vidi Brewing St. John,NF 5% 8 3 Monts St.Syvestre Cappel,France 8% 9 3 Peat Wheat Beer Hops Brewery Scottsdale, AZ 10 32 Inning Ale Uno Pizzeria Chicago 11 3C Extreme Double IPA Nodding Head Brewery Philadelphia, Pa. 12 46'er IPA Lake Placid Pub & Brewery Plattsburg , NY 13 55 Lager Beer Northern Breweries Ltd Sault Ste.Marie,ON 5% 14 60 Minute IPA Dogfishhead Brewing Lewes, DE 15 700 Level Beer Nodding Head Brewery Philadelphia, Pa. 16 8.6 Speciaal Bier BierBrouwerij Lieshout Statiegeld, Holland 8.6% 17 80 Shilling Ale Caledonian Brewing Edinburgh, Scotland 18 90 Minute IPA Dogfishhead Brewing Lewes, DE 19 Abbaye de Bonne-Esperance Brasserie Lefebvre SA Quenast,Belgium 8.3% 20 Abbaye de Leffe S.A. Interbrew Brussels, Belgium 6.5% 21 Abbaye de Leffe Blonde S.A. Interbrew Brussels, Belgium 6.6% 22 AbBIBCbKE Lvivske Premium Lager Lvivska Brewery, Ukraine 5.2% 23 Acadian Pilsener Acadian Brewing Co. LLC New Orleans, LA 24 Acme Brown Ale North Coast Brewing Co. Fort Bragg, CA 25 Actien~Alt-Dortmunder Actien Brauerei Dortmund,Germany 5.6% 26 Adnam's Bitter Sole Bay Brewery Southwold UK 27 Adnams Suffolk Strong Bitter (SSB) Sole Bay Brewery Southwold UK 28 Aecht Ochlenferla Rauchbier Brauerei Heller Bamberg Bamberg, Germany 4.5% 29 Aegean Hellas Beer Atalanti Brewery Atalanti,Greece 4.8% 30 Affligem Dobbel Abbey Ale N.V.
    [Show full text]
  • Heineken Holding NV 2020 Annual Report
    HEINEKEN HOLDING N.V. ANNUAL REPORT 2020 2A02n0nEstablished in Amsterdamu 2 Profile Heineken Holding N.V., which holds 50.005% of the issued share capital of Heineken N.V., heads the HEINEKEN group. The object of Heineken Holding N.V. pursuant to its Articles of Association is to manage or supervise the management of the HEINEKEN group and to provide services for Heineken N.V. It seeks to promote the continuity, independence and stability of the HEINEKEN group, thereby enabling Heineken N.V. to grow in a controlled and steady manner and to pursue its long-term policy in the interest of all stakeholders. Heineken Holding N.V. does not engage in operational activities itself. These have been assigned within the HEINEKEN group to Heineken N.V. and its subsidiaries and associated companies. Heineken Holding N.V.’s income consists exclusively of dividends received on its interest in Heineken N.V. Every Heineken N.V. share held by Heineken Holding N.V. is matched by one share issued at the level of Heineken Holding N.V. The dividend payable on the two shares is identical. Heineken Holding N.V. shares are listed on Euronext Amsterdam. Page 2 This Annual Report can be downloaded from www.heinekenholding.com Heineken Holding N.V. Annual Report 2020 3 Contents Shareholder Information Board of Directors Report of the Board of Directors Financial Statements 2020 Other Information Contents 2 Profile 01 Shareholder Information 02 Report of the Board of Directors 04 Other Information 5 Heineken Holding N.V. 10 Report of the Board of Directors 74 Other information 6 Heineken N.V.
    [Show full text]
  • Brewing a Better World
    Sustainability Report 2014 HEINEKEN UK Brewing a Better World Rod Lees Orcharding Manager Introduction The big picture Our focus areas Values and behaviours Going Forward Introduction The big picture Our focus areas Values and behaviours Going Forward Welcome to our 2014 Sustainability Report Our Values Our values represent what we stand for as a business and employer. They inspire us and are brought to life by our colleagues at every level and function and of our business. Our long-standing company values are: Jeremy Beadles Enjoyment Respect Quality Corporate Relations Director We’re committed to delighting We have respect for individuals, Our passion for quality is at the heart consumers, day in, day out, with society and the environment. of everything we do. perfect cider & beer experiences. HEINEKEN is the country’s leading cider and beer company and part of HEINEKEN N.V., the world’s most international brewer. Our brands Enjoyment Respect Quality Livingston We’re cFiorstm Pointm itted to delighting We have respect for individuals, Our passion for quaEdinbulity righs at the heart Broadway Park customer contact 342 Colleagues are known and loved across the UK and consumecentrers, day 192in C,olleagues day out, with society and the environment. of everything we dooffice. include Foster’s, Heineken®, Strongbow, perfLivingstonect cider & beer experiences. Edinburgh Caledonian Brewery Edinburgh 0.2mhl 46 Colleagues Caledonian Brewery Kronenbourg 1664, Desperados, John Smith’s Tadcaster Brewery 338 Colleagues 3.5mhl and Bulmers alongside
    [Show full text]
  • Environmental Disclosure Analysis of Sustainability Reports the Brazilian
    Gest. Prod., São Carlos, v. 26, n. 3, e3120, 2019 Original Article https://doi.org/10.1590/0104-530X3120 Environmental disclosure analysis of sustainability reports the brazilian and international brewing industry based on Global Reporting Initiative - GRI ISSN 0104-530X (Print) ISSN 1806-9649 (Online) Análise da evidenciação ambiental dos relatórios de sustentabilidade da indústria cervejeira brasileira e internacional com base na Global Reporting Initiative - GRI Erika Sucena1 Marcia Mara de Oliveira Marinho1 How to cite: Sucena, E., & Marinho, M. M. O. (2019). Environmental disclosure analysis of sustainability reports the brazilian and international brewing industry based on Global Reporting Initiative - GRI. Gestão & Produção, 26(3), e3120. https://doi.org/10.1590/0104-530X3120 Abstract: Environmental disclosure is a tool set that companies use to communicate their environmental performance to stakeholders. The organization Sustainability Report is the main platform to report the company’s relationship with the environment in which operates. The Global Reporting Initiative- GRI is a scheme that develops and disseminates guidelines for this kind of account, to standardize and promote international report classification. The brewing industry is actively involved in the Brazilian economy, being a consumer of natural resources in great amounts. Thus, the objective of this article is to evaluate the level of environmental disclosure practiced in the sustainability reports of Brazilian brewering industries. The sample is characterized by the Sustainability Reports of the years 2011 to 2013 of the Brazilian companies: Ambev; Brazil Kirin; Grupo Petrópolis and internationals, Heineken; AB InBev; SABMiller and Heineken Netherlands. It was used four research techniques to analyse the reports: (1) Classification of indicators as the answer; (2) Adherence to treatment or GAPIE-GRI; (3) Effective Disclosure Degree and (4) indicators ranking the contents.
    [Show full text]
  • Nigerian Breweries Plc
    2015 Corporate Rating Report – Nigerian Breweries Plc Nigerian Breweries Plc Rating Assigned: This is a company that possesses very strong financial condition and very strong capacity to meet local currency obligations as and Aa when they fall due. Outlook: Stable ATING ATIONALE Issue Date: September 2015 R R Expiry Date: 30 June 2016 Nigerian Breweries Plc (“Nigerian Breweries”, “NB” or “the Company”) is Previous Rating: None the premier and largest brewing company in Nigeria. NB’s rating is underlined by the Company’s dominant position in the Industry; highly experienced and stable Board of Directors; and competent management Industry: team. The rating is also supported by NB’s strong financial condition Breweries which is validated by good profitability, low leverage, good cash flow and adequate working capital. Outline Page Rationale 1 Nigerian Breweries is a subsidiary of Heineken, the third largest global Company Profile 3 player in the Brewery Industry with international ratings of Baa1 by Financial Condition 5 Moody’s and Bbb+ by Standard and Poor’s. Ownership, Mgt & Staff 8 Outlook 10 Financial Summary 11 During the year ended 31 December 2014, NB’s turnover decreased slightly by 1% to ₦266 billion but its profit before tax margin remained strong, while its three-year weighted average return on equity of 46% Analysts: and three-year average profit before tax as a percentage of sales ratio of Olusegun Owadokun 23% are well above our benchmarks. In the same vein, cash flow [email protected] indicators such as operating cash flow as a percentage of sales (35%) Isaac Babatunde and operating profit margin (25%) surpass our expectations.
    [Show full text]
  • 2016 Sustainability Report MULTI BINTANG INDONESIA
    2016 Sustainability Report MULTI BINTANG INDONESIA 1 2 2016 Sustainability Report MULTI BINTANG INDONESIA 2016 Sustainability Report MULTI BINTANG INDONESIA 3 DAFTAR ISI Content Ikhtisar Profil perusahaan Laporan manajemen highlights company management profile report 06 Informasi bagi Pemegang 13 Visi dan Misi Kami 32 Surat dari Dewan Saham Our Vision and Mission Komisaris Information For Letter from the Board of 20 Sejarah Perusahaan Shareholders Commissioners Company Milestones 07 Kronologi Pencatatan 40 Profil Dewan Komisaris 22 Struktur Organisasi Saham Profil Board of Organization Structure Chronology of Share Commissioners Listing 25 Penghargaan 2016 48 Laporan Direksi Award Received in 2016 10 Ikhtisar Data Keuangan Report of the Board of Summary of Financial 28 Peristiwa Penting 2016 Directors Data 2016 Event Highlights 58 Profil Direksi Profile of the Board of Directors 4 2016 Sustainability Report MULTI BINTANG INDONESIA Analisa dan pembahasan manajemen Tata kelola perusahaan Laporan keuangan management's corporate financial discussion and governance statements analysis 65 Tinjauan Industri 110 Struktur Tata Kelola 140 Surat Pernyataan Anggota Industry Review GCG Structures Dewan Komisaris dan Direksi tentang Tanggung 66 Tinjauan Usaha 131 Sekretaris Perusahaan Jawab atas Laporan Tahunan Operational Review Corporate Secretary 2016 90 Tinjauan Keuangan 135 Manajemen Risiko Board of Directors and Board Financial Review Risk Management of Commissioners‘ Statement 98 Tanggung Jawab Sosial regarding the Responsibility Perusahaan
    [Show full text]
  • Caracterização Da Empresa
    Flávia Alexandra Pedro Fernandes Licenciada em Biologia Celular e Molecular Melhoria dos indicadores microbiológicos em linhas de enchimento de cerveja em barril Dissertação para obtenção do Grau de Mestre em Tecnologia e Segurança Alimentar – Ramo Qualidade Alimentar Orientador: Professora Doutora Ana Lúcia Leitão, FCT/UNL Co-Orientador: Doutor Pedro Vicente, SCC Juri: Presidente: Doutora Benilde Simões Mendes Vogais: Doutor José Fernando Gomes Requeijo Eng.ª Maria Dulce Brás Trindade da Silva Doutora Ana Lúcia Monteiro Durão Leitão Dr. Pedro Miguel dos Reis Vicente Março 2012 Melhoria dos indicadores microbiológicos em linhas de enchimento de cerveja em barril ii Melhoria dos indicadores microbiológicos em linhas de enchimento de cerveja em barril Flávia Alexandra Pedro Fernandes Melhoria dos indicadores microbiológicos em linhas de enchimento de cerveja em barril Março 2012 iii Melhoria dos indicadores microbiológicos em linhas de enchimento de cerveja em barril “Melhoria dos indicadores microbiológicos em linhas de enchimento de cerveja em barril” Copyright ©, Flávia Alexandra Pedro Fernandes, FCT/UNL e UNL. A Faculdade de Ciências e Tecnologia e a Universidade Nova de Lisboa têm o direito, perpétuo e sem limites geográficos, de arquivar e publicar esta dissertação através de exemplares impressos reproduzidos em papel ou de forma digital, ou por qualquer outro meio conhecido ou que venha a ser inventado, e de a divulgar através de repositórios científicos e de admitir a sua cópia e distribuição com objectivos educacionais ou de investigação, não comerciais, desde que seja dado crédito ao autor e editor. iv Melhoria dos indicadores microbiológicos em linhas de enchimento de cerveja em barril AGRADECIMENTOS Foram muitas as pessoas que me apoiaram na execução deste trabalho e a quem estou profundamente grata.
    [Show full text]
  • Analysis of Business Marketing Strategy in an Effort to Increase the Sales Volume of Company X in Dili City, East Timor
    European Journal of Business and Management www.iiste.org ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol.11, No.29, 2019 Analysis of Business Marketing Strategy in an Effort to Increase the Sales Volume of Company X in Dili City, East Timor Zonia Dos Reis Ferreira School of Magister Management, Parahyangan Catholic University, Jl. Merdeka No.30, Bandung Indonesia Abstract This study proposed to analyze marketing strategies in an effort to increase the sales volume of Company X in Dili City, East Timor. The method used in this research is descriptive qualitative which shows to analyze the marketing mix strategy (Marketing Mix 4Ps) beer beverage products Company X in Dili City, Timor-Leste. The results show that the product strategy is to prioritize the quality (quality product) of the beer itself, the taste of the aroma and not cause disease and other physical disorders, and unique. Price strategy is the standard price of beer and according to the amount of alcoholic beer. Distribution Channel Strategy Company X collaborates with two large companies in Dili to distribute beer beverage products to 12 districs and in the city of Dili. Company X promotional strategies carry out promotional strategies through Event Sports, Live Music, department stores, convenient stores, agents, shops, social internet media (Facebook, Instagram and YouTube) and Advertising (Newspaper, Brochure, Magazine, LED (Light Emmiting Diode). Keywords : Strategy of Marketing Mix (4Ps) DOI : 10.7176/EJBM/11-29-05 Publication date :October 31st 2019 1. Introduction Company X is one of the companies engaged in the production of beverages with the brand ABC, Tiger and Bintang.
    [Show full text]
  • Kirin Report 2016
    KIRIN REPORT 2016 REPORT KIRIN Kirin Holdings Company, Limited Kirin Holdings Company, KIRIN REPORT 2016 READY FOR A LEAP Toward Sustainable Growth through KIRIN’s CSV Kirin Holdings Company, Limited CONTENTS COVER STORY OUR VISION & STRENGTH 2 What is Kirin? OUR LEADERSHIP 4 This section introduces the Kirin Group’s OUR NEW DEVELOPMENTS 6 strengths, the fruits of the Group’s value creation efforts, and the essence of the Group’s results OUR ACHIEVEMENTS and CHALLENGES to OVERCOME 8 and issues in an easy-to-understand manner. Our Value Creation Process 10 Financial and Non-Financial Highlights 12 P. 2 SECTION 1 To Our Stakeholders 14 Kirin’s Philosophy and TOPICS: Initiatives for Creating Value in the Future 24 Long-Term Management Vision and Strategies Medium-Term Business Plan 26 This section explains the Kirin Group’s operating environment and the Group’s visions and strate- CSV Commitment 28 gies for sustained growth in that environment. CFO’s Message 32 Overview of the Kirin Group’s Business 34 P. 14 SECTION 2 Advantages of the Foundation as Demonstrated by Examples of Value Creation Kirin’s Foundation Revitalizing the Beer Market 47 Todofuken no Ichiban Shibori 36 for Value Creation A Better Green Tea This section explains Kirin’s three foundations, Renewing Nama-cha to Restore Its Popularity 38 which represent Group assets, and provides Next Step to Capture Overseas Market Growth examples of those foundations. Myanmar Brewery Limited 40 Marketing 42 Research & Development 44 P. 36 Supply Chain 46 SECTION 3 Participation in the United Nations Global Compact 48 Kirin’s ESG ESG Initiatives 49 This section introduces ESG activities, Human Resources including the corporate governance that —Valuable Resource Supporting Sustained Growth 50 supports value creation.
    [Show full text]
  • 2016 We Have Continued to Improve Our Environmental Performance Exceeding Our Targets for Water Consumption, Waste to Landfill and Greenhouse Gas Emissions
    DB BREWERIES Sustainability Report 2016 We have continued to improve our environmental performance exceeding our targets for water consumption, waste to landfill and greenhouse gas emissions. While we are very proud of our environmental achievements, we continue our search for a long-term innovative partnership in responsible consumption. SOURCING SUSTAINABLY 37 THE BIG PICTURE 4 CASE STUDY 40 ABOUT DB BREWERIES 7 SUSTAINABILITY STRATEGY 9 GROWING WITH SUSTAINABILITY GOVERNANCE 12 COMMUNITIES 43 ABOUT THIS REPORT 15 CASE STUDY 46 PROTECTING OUR PROMOTING WATER RESOURCES 21 HEALTH AND SAFETY 51 CASE STUDY 24 CASE STUDY 56 ADVOCATING RESPONSIBLE REDUCING CO2 EMISSIONS 27 CONSUMPTION 59 CASE STUDY 34 CASE STUDY 63 GRI INDEX 65 The Big Picture Message from the Managing Director Welcome to our 2016 sustainability report. This is our third sustainability report and the year has produced many achievements we are very proud of, along with some continued challenges for us to focus on. We continue to aspire to be New Zealand’s most sustainable producer of alcohol and one of New Zealand’s most sustainable businesses. We continue to be guided by HEINEKEN’s Brewing a Better World strategy which focuses on six key areas: Protecting water resources, Reducing CO2 emissions, Sourcing sustainably, Advocating responsible consumption, Promoting health and safety and Growing with communities. We set targets, develop actions and report on all six key areas. However, the issues and our responses are also shaped by our operating context in New Zealand, which is a unique place in the world. Of our six key areas, we locally prioritise reducing our environmental footprint, advocating responsible consumption and ensuring the safety of our people and the people we do business with.
    [Show full text]
  • The #1 Global Beer Brand
    ELEVATION CAPITAL GLOBAL SHARES FUND Heineken (Market Capitalisation €51,273.9m) is the world’s most international brewer - employing more than 80,000 employees in over 70 countries - and the 2nd largest brewer by volume. Heineken owns, markets and sells more than 300 brands including premium market leaders such as Heineken, Tiger, Amstel, and Birra Moretti. Despite economic headwinds, Heineken have been the best performer of the large cap breweries over the past year - appreciating about 9.5% over the period. Heineken was an early mover in shifting its mix up-market (premiumisation), which is a key factor in offsetting declining beer consumption in developed markets. At the same time, Heineken has created an attractive long-term growth footprint in significant emerging markets like Vietnam that can help drive greater long-term growth. They have successfully positioned themselves in the highest growth markets, with a suite of high-margin premium brands and significant economies of scale, leaving us confident in their ability to capitalise on the economic recovery and increased frequency of social outings. The #1 global beer brand Heineken is the most trusted international beer brand in the world. Despite the backdrop of COVID-19, it outperformed the overall category - showing that consumers turn to brands they trust during difficult times. Heineken’s strategic focus is on being the #1 or #2 player in all markets in which they operate. They have achieved this through both greenfield developments and M&A. Recent market entries include Colombia and Ecuador in 2019, Peru in 2020 and Australia in 2021. Each of these was via acquisition.
    [Show full text]