GlobalData offers a comprehensive analysis of Anheuser-Busch , providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Anheuser-Busch ‘s ESG performance. GlobalData’s company profile on Anheuser-Busch offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
In December 2021, Anheuser-Busch announced its goal of achieving net-zero emissions across its value chain by 2040. To reach this target, it focuses on reducing Scope 1 and 2 emissions and specific categories within Scope 3 emissions, which represent more than 90% of the Scope 3 emissions. The company aims to reduce its carbon emissions by 25% across its value chain by 2025. This goal builds upon the science-based target the company has set in 2018 that aligns with reduction requirements to limit global warming to 1.5°C. In 2022, the company achieved a 39.2% reduction in Scopes 1 and 2 GHG absolute emissions compared to its 2017 baseline. The company has also contracted 97.1% renewable electricity in 2022 and aims to purchase 100% renewable electricity by 2025. In 2022, the company reported its Scope 1 emissions at 2.85 million mtCO₂e, Scope 2 emissions at 0.83 million mtCO₂e, and Scope 3 emissions at 24.09 million mtCO₂e. Anheuser-Busch's latest filings mentioned the keywords 'Emissions' and 'Recycled' most number of times in relation to 'Net Zero'.
Anheuser-Busch is committed to reducing its Scope 3 emissions, which represented 86.7% of its emissions in 2022. The company works with partners across its value chain to reduce emissions and has a supplier-dedicated collaboration platform called Eclipse to share best practices and build capabilities with supply chain partners. The company has also invested in local recycling systems to increase the availability of viable recycled content.
To achieve its net-zero targets, Anheuser-Busch has taken steps such as developing resilient varieties and advancing regenerative agricultural practices while improving productivity. The company has also set a 2025 Smart Agriculture Goal to ensure that 100% of its direct farmers are skilled, connected, and financially empowered by 2025. Additionally, the company has a 2025 Water Stewardship Goal to ensure that 100% of its communities in high-stress areas will have measurably improved water availability and quality by 2025.
In conclusion, Anheuser-Busch has set ambitious net-zero targets for its value chain by 2040 and has made significant progress towards reducing its carbon emissions. The company has taken steps to reduce its Scope 3 emissions and has invested in local recycling systems. Anheuser-Busch has also set goals related to sustainable agriculture and water stewardship to reduce its emissions.