This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Brown-Forman Publishes Fourth Corporate Responsibility Report

Brown-Forman (NYSE:BFA) (NYSE:BFB) announced today the publication of its fourth corporate responsibility report, covering the company’s global commitments and supporting case study examples on alcohol responsibility, environmental sustainability, employee relations, and community involvement. The report is available in print and on the company’s website.

The report, “Global Spirit,” draws its title from the company’s growing global business and alcohol responsibility efforts in markets outside the U.S. It is available for download at

Brown-Forman’s report highlights key responsibility issues and activities in markets around the world in a travelogue-style Global Guide to Alcohol Responsibility. It includes a beverage industry “snapshot” of the culture and issues around beverage alcohol in each location. The report also showcases effective partnerships and initiatives that are helping promote the responsible consumption of beverage alcohol in Brown-Forman’s top countries, including the U.K., Australia, Mexico, and Poland, among others.

To expand Brown-Forman’s commitment to global alcohol responsibility, company Chief Executive Officer Paul Varga chaired a group of 12 other global beer, wine, and spirits producers to announce collective commitments to reduce the harmful use of alcohol. The commitments address five key areas of concern – reducing underage drinking, strengthening and expanding marketing codes of practice, providing consumer information and responsible product innovation, reducing drunk driving, and enlisting the support of retailers to reduce harmful drinking.

“We also recognize industry action alone will not be sufficient to ‘solve’ the problems of harmful drinking,” said Varga. “Accordingly, we will seek to accelerate the pace of positive change and engage industry peers and other potential influencers not yet at the table.”

Brown-Forman is also reporting on the Company’s progress towards its Environmental Sustainability Roadmap goals and targets for 2020. Progress against greenhouse gas emissions and energy efficiency targets were above and beyond 30% reduction goals due to building energy efficiencies and changes in the fuels the company uses in its distilleries. The company acknowledges that it needs to progress faster in its wastewater reduction efforts to meet targets. Through stakeholder engagement and dialogue with members of Ceres, Brown-Forman has been able to improve its understanding of environmental performance opportunities, and believes that more aggressive efforts lie ahead. To encourage sustainable practices, DendriFund, the new environmental sustainability foundation created by Brown-Forman and the Brown family, announced its first four grant recipients in July 2013. More information is available at

Other highlights of the Corporate Responsibility Report include Brown-Forman’s publication of a new Global Human Rights Statement and accompanying Supplier Guidelines. In addition, the company has continued to extend its community involvement and employee volunteer efforts around the world. There has also been a global expansion of an employee incentive program to encourage healthy living practices such as proper nutrition and exercise.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs