RUSSIA: Carlsberg and Baltika to invest US$32m in environmental projects

By | 9 October 2012

Carlsberg said it wants to strengthen its eco-commitment

Carlsberg said it wants to strengthen its eco-commitment

Carlsberg Group and subsidiary Baltika Breweries are to spend RUB1bn (US$32m) on environmental projects in Russia.

The UN-backed deal, signed in St Petersburg today (9 October), will help reduce resource consumption, pollution and greenhouse gas emissions while improving water systems, Carlsberg said. The Danish brewer has claimed that the agreement is the first of its kind in Russia.

"This partnership is a historic example of a public-private partnership where we, as market leaders, invest in supporting and sustaining the environment in which we operate," said Isaac Sheps, senior VP of Carlsberg in Eastern Europe & president of Baltika Breweries.

Sheps said the deal will help Carlsberg strengthen its commitment to sustainable agricultural practices.

Late last month, Carlsberg announced it is merging two of its European regions into one unit.

Expert analysis

Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review

Carlsberg A/S (Carlsberg) is brewing company, which engages in the production, retail and marketing of beers and non-alcoholic beverages. It also engages in the development and sale of real estate and operation of the Carlsberg Research Center. The company offers wide range of beer, mineral water, cider and malt-based drinks through more than 500 brands including Carlsberg, Tuborg, Baltika, and regional brands such as Koff, Slavutich, Dali Wusu Utenos, Aldaris, Saku, Derbes, Kronenbourg and Others. The non alcoholic beverages are manufactured with the flavors like, Coffee, Lemon, Chocolate, Angelica, Cloves, Raspberry, Prunes, Lime, and Chili.

Sectors: Beer & cider, Corporate social responsibility (CSR), Environmental issues

Companies: Carlsberg, Baltika

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RUSSIA: Carlsberg and Baltika to invest US$32m in environmental projects

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