Project Narrative

Our Approach: More than just a key ingredient in our products, water is a critical resource for the health and well-being of every community around the world. Water resource challenges are magnified by climate pressures, inadequate infrastructure and poor governance. The growing scarcity of freshwater resources is not just a material issue for our company; it is a global risk to the economic, social and environmental well-being of our communities. As the worldÕs leading brewer, we are committed to being a part of the solution to the growing water challenges across our communities and supply chain. Within our breweries, we brew our beer aiming for the highest level of water efficiency and we continuously challenge ourselves to do even more. We leverage our internal data management system Voyager Plant Optimization (VPO) to monitor and manage our water use on a routine basis and cascade best practices across the business; more information about our VPO system can be found on page 56 of this report. We also seek to identify and deploy new technologies and approaches to further drive water efficiency across our operations, wherever possible. Through the Every Single Drop challenge in our 100+ Accelerator, we have identified, mentored, piloted and established contracts with promising startups focused on improving operational water efficiency and addressing the global water crisis. Incorporating publicly available water risk data from the World Resources Institute and The World Wide Fund for Nature (WWF) as well as internal data and expertise, we have developed a bespoke water risk assessment tool to review our operational risk on a quarterly basis. Using this tool, we have identified