Brewer Posts Strong Results and Makes Investments Toward Ambitious
2020 Goals
DENVER & MONTREAL--(BUSINESS WIRE)--Aug. 17, 2015--
Molson
Coors Brewing Company (NYSE: TAP; TSX: TPX) today announced the
issue of its 2015 Corporate Responsibility Report, covering the
company’s 2014
performance toward its 2020 goals.
“Through Our
Beer Print, we are striving to increase our environmental
performance, support an engaged workforce, and develop a social purpose
for our core brands,” said Mark Hunter, president and CEO of Molson
Coors. “In 2014, Molson Coors was recognized as a member of the Dow
Jones Sustainability World Index for the third consecutive year. We’re
proud of this recognition, which reflects our longstanding commitment to
corporate responsibility and transparent reporting.”
In 2014, Molson Coors achieved meaningful progress toward its 2020
targets of zero waste to landfill, 25 percent energy reduction and 15
percent reduction in both carbon and water intensity. The company’s
results included:
-
Reduced energy use by 3.4 percent, equivalent to the average annual
energy consumption of 1,600 households
-
Reduced carbon emissions by 2.4 percent, equivalent to 7,700 tons
-
Decreased water use by 3.3 percent -- nearly 8 percent below the 2011
baseline, saving over 500 million liters of water
-
Reduced waste generated per pint of beer produced by 11.5 percent
-
Invested over $20 million in new anaerobic digestion wastewater plants
and energy centres
2015 Corporate Responsibility Performance Highlights
Alcohol Responsibility
In 2012, Molson Coors joined 12 other leading beer, wine and spirits
companies to strengthen efforts to reduce harmful drinking around the
world. As part of these commitments, Molson Coors helped launch ResponsibleDrinking.org
in May 2015. The website is intended to be a helpful health destination
for current information on issues related to safe, legal and responsible
drinking decisions across the globe.
Environmental Stewardship
-
Energy and Carbon: 26 percent of the 2020 targeted energy
reductions and 53 percent of the carbon reduction targets have been
achieved to date. The $11.2 million investment in a new UK energy
center is predicted to improve the site’s carbon emissions by an
additional 6.5 percent.
-
Waste: Reduced the amount of waste generated per pint of beer
produced by 11.5 percent in 2014, and continuing with its
Sustainability Strategy, all operations will be landfill-free by 2020.
All UK breweries are already zero waste to landfill.
-
Water: As part of its commitment to invest in wastewater to
energy projects, Molson Coors commissioned a new anaerobic digestion
wastewater plant in Bulgaria and began construction on two additional
plants in Serbia and Montenegro – a total investment of $11.8 million.
-
Packaging: In 2014, a total of 100,000 tons of packaging waste
were avoided. While the shift in packaging mix and consumer trends
have given opportunities to exceed targets, Molson Coors has reduced
weight savings through light weighting initiatives and changing the
materials for a number of formats.
Employees and Community
Employees are engaged with the company’s corporate responsibility
strategy through Our Beer Print. In 2014 alone, 930 employees
participated in Our Beer Print Month activities and 10,000 individual
Our Beer Print Month commitments were made. The company also invested
1.45 percent of pre-tax profits to charity, community and corporate
citizenship activities.
Responsible Sourcing
Established in 2012, the Supplier
Standards outlines Molson Coors’ expectations of suppliers in the
areas of environmental, social and economic sustainability. In 2014, the
Supplier Standards were communicated as an ongoing requirement to 100
percent of its global supply base, and 120 suppliers were audited to
ensure ethical compliance.
Read the complete Our Beer Print 2015 Corporate Responsibility Report here.
Molson Coors invites feedback
on this year’s report and its 2020 targets.
About Molson Coors Brewing Company
Molson Coors Brewing Company is a leading global brewer delivering
extraordinary brands that delight the world's beer drinkers. It brews,
markets and sells a portfolio of leading premium brands such as Coors
Light, Molson Canadian, Carling, Staropramen and Blue Moon across The
Americas, Europe and Asia. It operates in Canada through Molson Coors
Canada; in the US through MillerCoors; across Europe through Molson
Coors Europe; and outside these core markets through Molson Coors
International. The company has been listed on the Dow Jones
Sustainability World Index for the past four years and was named global
Beverage Sector Leader in 2012 and 2013. Molson Coors is constantly
looking for ways to improve its Beer
Print. For more information on Molson Coors Brewing Company visit
the company's website, www.molsoncoors.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150817005176/en/
Source: Molson Coors Brewing Company
Molson Coors Brewing Company
Colin Wheeler, 303-927-2443
colin.wheeler@molsoncoors.com
or
François
Lefebvre, 514-529-8583
Francois.Lefebvre@molsoncoors.com