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Our Imprint Report 2020

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Our Imprint Report 2020 OUR IMPRINT OUR IMPRINT IMPRINT OUR REPORT 2020 REPORT A r o u OU n R d I o M f P g o R o I d N n T e s s OUR IMPRINT REPORT 2020 Contents INTRODUCTION 03 SUSTAINABLY BREWING 18 CEO Letter 03 Safeguarding Our About Molson Coors Most Precious Resource 20 Beverage Company 04 On the Road to 1.5°C 22 Building a Business With On a Loop: Moving Toward a Positive Imprint 06 a Circular Economy 24 Our Imprint 2025 07 The Future of Farming 28 RESPONSIBLY REFRESHING 08 COLLECTIVELY CRAFTED 30 Responsible Refreshment 10 Supporting Our People Talking to the Right Audience 13 Through Challenging Times 32 Understanding What Goes Into Every Sip 15 Lifting Up Our Communities 36 Options to Satisfy Every Taste 16 Building an Ethical Supply Chain 38 About This Report Welcome to the Molson Coors Our Imprint We have continued our commitment to Report 2020. This report contains updates report against international frameworks, on Our Imprint 2025 goals, including such as the Global Reporting Initiative key stories and relevant highlights of our (GRI) Standards, the Ten Principles of performance against our sustainability the UN Global Compact (UNGC), the focus areas. Sustainability Accounting Standards Board (SASB) and alignment with the United Following the initiation of a revitalization Nations (UN) Sustainable Development plan in the fourth quarter of 2019, in Goals (SDGs). January 2020 the newly named Molson Coors Beverage Company restructured Full details of our 2019 performance, to comprise two operating business units: aligned to these global frameworks, are North America and Europe. The Africa available in our Environmental, Social and and Asia Pacific businesses report into Governance (ESG) Report and our the European business unit and the SDGs Impact Report. remaining international business is rolling Our reporting, which includes our into the North America business unit. ESG Report and SDG Report, has This report covers our progress in the been prepared in reference to the GRI fiscal year from January 1 to December Standards. Assurance of the environmental 31, 2019, with additional information on data contained within this report in the activities after the fiscal year-end where fourth quarter has been carried out by appropriate. The reporting scope, including Corporate Citizenship in accordance with all data and metrics, covers Molson Coors ISAE 3000. Beverage Company’s direct operations For questions, contact us at corporate. where we have operational control, unless [email protected]. otherwise stated. 2 INTRODUCTION RESPONSIBLY REFRESHING SUSTAINABLY BREWING COLLECTIVELY CRAFTED Introducing the new Molson Coors Beverage Company by Gavin Hattersley, CEO organization. With all we’ve endured over the of the International Alliance for Responsible past three months, I am exceptionally proud Drinking (IARD), we’ve increased our focus of how our people have come together to on reducing global underage drinking support one another, and our communities, and accelerating work in the digital space throughout these difficult times. to restrict access to underage audiences. We’re also growing our portfolio of low- We are driven by our purpose of uniting and no-alcoholic choices as we continue to people to celebrate all of life’s moments and expand beyond the beer aisle, offering our our ambition to be the first choice for our consumers more moderate options. people, our consumers and our customers. However, our commitment to people starts As one of the world’s largest brewers, we with the employees who are the heart and take our role in helping to address global soul of our company, and the five values we sustainability challenges seriously. We’re aspire to live by: Put People First, Be Bold and working toward building a more sustainable Decisive, Take Accountability, Learn Every future for all, aiming to reduce our emissions, Day and Celebrate Together. develop a circular economy for materials This past year has been a time of and protect and preserve the water sources tremendous change and challenge for our As we work to strengthen our culture and in all our markets. organization. We came into 2020 invigorated live up to our values, we remain deeply by a renewed commitment to strengthen our committed to diversity and inclusion within We are a company with a long history of culture by putting our people first, complete our company and in our communities. brewing. We’re proud of our rich heritage with a new company name that unified our Internally, we are working to build an and the iconic brands that we’ve built over employees and signified one future together. inclusive culture where every one of our the past 250 years and recognize where The name points to our way forward, fueled employees feels encouraged and supported we must continue to grow. As we enter this by groundbreaking brand campaigns, a to bring their whole selves to their job each chapter as the Molson Coors Beverage commitment to expand beyond beer and day. We recognize that we still have a lot of Company, I look forward to building on our our most robust innovation pipeline ever. work to do, but I’m proud of the steps we’re new values to strengthen our culture, uniting Then we experienced the unimaginable. taking to ensure equality, empowerment, our people to leave a positive imprint on all First, we were struck by the tragic loss of six justice and inclusion are the foundation of all of the communities where we live, make and members of our Milwaukee Brewery family our future actions. sell our products. in February. As we mourned these friends Of course, that doesn’t mean our efforts stop and teammates, the world was hit by the there. As an industry, we have a responsibility Gavin Hattersley, CEO coronavirus pandemic creating a new wave to tackle the issue of alcohol abuse and of stress and uncertainty. Most recently, we’re we continue to promote the responsible grappling with disturbing events of racism enjoyment of our beverages. Internally, and harassment and senseless deaths in and in collaboration with other members the US. We’ve been through a lot as an 3 OUR IMPRINT REPORT 2020 Brewing Beer and Beyond With a story that stretches back 250 years, we've spent centuries perfecting our techniques and brewing beers that stand the test of time. When we became the Molson Coors Beverage Company in early 2020, it marked the beginning of a new chapter for our organization. Our new name upholds a rich legacy while pointing the way forward. It speaks volumes about who we are and what is possible for our business. Along with our name, we have launched a new sustainability tagline – Our Imprint: For a Better Tomorrow. It reiterates our commitment to do what is right for people and the planet. Our 2025 goals have not changed with the new name. We remain committed to our strategy, and doing what is right for people and the planet. WE ARE CONNECTED We have a presence in communities throughout the world. Our KEY engagement goes far beyond our direct operations, starting with Regional HQ our growers and traveling across our value chain to our suppliers, Large Breweries distributors and retailers. We work with key players in the Molson Other Brewing Operations Coors value chain to bring us closer to Our Imprint 2025 goals, while promoting a sustainable future for our stakeholders. BEVERAGE BEVERAGE COMPANY 4 ABOUT MOLSON COORS MOLSON ABOUT INTRODUCTION RESPONSIBLY REFRESHING SUSTAINABLY BREWING COLLECTIVELY CRAFTED Living Our Values Putting our values front and center Our values were created in the spirit of simplicity – clear, direct and easy to understand. They are, to a degree, aspirational, providing lots of room for us, as an organization, to grow and improve on them. These values all work together to drive our plans, ambition and purpose and by increasing our focus on them, we can shift our culture and ensure Molson Coors is a great place to work. PUT PEOPLE BE BOLD TAKE LEARN EVERY CELEBRATE FIRST AND DECISIVE ACCOUNTABILITY DAY TOGETHER We value and respect We are innovators, We act with integrity We are always looking We are passionate differences and believe unafraid to be direct, and honor commitments for ways to improve ambassadors of diversity with inclusion is move with speed, while owning our and to help one our brands and our the key to collaboration and challenge the mistakes, using them as another grow. business, and we believe and a winning team status quo. an opportunity to learn. in the importance culture. of recognizing and celebrating our accomplishments! 5 OUR IMPRINT REPORT 2020 We believe that almost everything we do leaves an imprint on our business, on our communities and on our environment. For Molson Coors, it’s Our Imprint, and we’re making sure the impact we have is a positive one. In 2017, we set ambitious 2025 sustainability goals, based on a robust sustainability materiality assessment. Our targets, which we aligned with the SDGs, developed by the United Nations, are designed to guide our efforts toward more focused actions throughout our operations. The targets encourage us to address the challenges that we see in the world, to meet the expectations of our stakeholders and to satisfy the needs of our consumers and build long-term, sustainable value for our business. We are currently three years into our efforts to meet these 2025 targets and we’re excited to share our progress. Supporting the SDGs In 2015, the UN developed 17 global goals for sustainable development, designed to make the world a better place for both people and the environment. At Molson Coors, we have identified the following nine SDGs on which we believe we can have the biggest impact: GOAL 2: GOAL 3: GOAL 5: Zero Hunger Good Health and Gender Equality Well-Being GOAL 6: GOAL 7: GOAL 8: Clean Water and Affordable and Decent Work and Sanitation Clean Energy Economic Growth A POSITIVE IMPRINT IMPRINT POSITIVE A GOAL 12: GOAL 13: GOAL 17: Responsible Consumption Climate Action Partnership for and Production the Goals Find out more about how we’re contributing to the SDGs in our SDG Impact Report.
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