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TheStreet Open House

Molson Coors Releases 2012 Corporate Responsibility Report

Stocks in this article: TAP

Molson Coors Brewing Company (NYSE:TAP) today announced the issue of its 2012 Corporate Responsibility (CR) Report, covering the company’s performance in five key areas: Governance and Ethics, Alcohol Responsibility, Environmental Stewardship, Employees and Community and Responsible Sourcing.

“This past year, Molson Coors made considerable progress in improving what we call ‘ Our Beer Print,’ our impacts on our communities, people and the environment,” said Peter Swinburn, president and CEO of Molson Coors. “Our long-term success as a business depends upon sustainable water use, efficient energy consumption and responsible sourcing. Equally critical is responsible alcohol promotion and engagement of our people and stakeholders in working with us to improve Our Beer Print.”

2020 Targets

As part of the 2012 CR report, Molson Coors has announced three ambitious 2020 goals, benchmarked to 2011: 1) improve energy efficiency by 25 percent, 2) increase water efficiency by 20 percent and 3) reduce carbon use by 15 percent.

“Our work toward achieving our 2020 targets will drive lower consumption of natural resources, both mitigating our impact and helping us to adapt to climate change,” said Bart Alexander, chief corporate responsibility officer for Molson Coors. “Fresh water and energy are key to our business, and we intend to utilize these resources efficiently and responsibly.”

Corporate Responsibility Performance Highlights

In 2008, Molson Coors set out to reduce energy and water use by 15 percent by the end of 2012. The company is on track to reach this goal. Molson Coors showed a positive trend in its 2011 environmental impact with:

  • A two percent decrease in total water use versus 2010, and 15.25 million hectoliters of water will be saved by the end of 2012 versus 2008 – equivalent to the amount of water used to fill 610 Olympic swimming pools.
  • A two percent decrease in absolute electricity use versus 2010, as part of the drive to reduce energy use.
  • A 21 percent improvement in carbon emission efficiency versus 2008, enough to power 12,000 U.S. homes for a year.

Other highlights included:

  • Selected for the Dow Jones Sustainability North America Index, marking the first year that Molson Coors has been listed. Of the 143 companies listed on the 2011/12 North American Index, Molson Coors is one of only six Food and Beverage companies.
  • Recognized as a leader in transparency and performance by the Carbon Disclosure Project, an accomplishment shared with only nine other S&P 500 companies.
  • Launched ‘Our Beer Print’ to clearly articulate the company’s CR strategy in a relevant way to employees and key stakeholders. As a result, corporate and environmental responsibility was one of the top three drivers of engagement for employees in 2011, with scores that outperformed the norm for high performing companies.
  • Recognized as a top workplace in both the U.S. and Canada.
  • Launched the Molson Canadian Red Leaf Project, embedding CR into the brand’s promise. In 2011, more than 2,000 Canadians and employees volunteered to restore community parks, plants trees and clean up shorelines. Together, they planted 100,000 trees, and helped collect more than 129,000 tons of litter across 2,700 kilometers of shoreline as part of the Great Canadian Shoreline Cleanup.

Alcohol Responsibility

In 2011, Molson Coors joined 12 other global companies in implementing Global Actions on Alcohol, a program designed to deliver best practices in promoting self-regulation, drunk-driving prevention and reduction of illicit alcohol to emerging markets. In addition, a pilot program aimed at reducing abusive drinking by younger adult consumers will launch in 2012. Building off these efforts, Molson Coors became the first brewer in Canada to mark products with a stamp promoting alcohol responsibility, as part of a stand for Responsible Choices.

In the U.K., Molson Coors collaborated with responsible drinking programs like The Drinkaware Trust’s annual social marketing campaign Why Let Good Times Go Bad and Community Alcohol Partnerships programs, which bring together police, the Retail Alcohol Standards Group and other local stakeholders to address alcohol demand and purchase by underage drinkers. In addition, more than 95 percent of all Molson Coors brands featured responsible alcohol consumption messaging on their packaging, and the company continued to pledge for smaller serving sizes and increased glassware unit information.

Environmental Stewardship

Water Stewardship and the Water Risk Index

Because water is vital, both for the planet and as an ingredient in beer, Molson Coors continuously works to monitor water use and promote water stewardship. In 2011, the company created a Water Risk Index tool to track water use, costs, supply, regulation and governance at Molson Coors breweries to identify and address inefficiencies. The tool has been piloted in three breweries and will expand to all breweries in 2012.

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