Molson Coors Beverage
Molson Coors Beverage operates globally with a strong commitment to sustainability, diversity, and community support, offering a modern portfolio beyond beer. The company is traded under the ticker TAP and has set ambitious 2025 targets for environmental and social initiatives.
Molson Coors Beverage Services
Molson Coors Beverage operates through two main divisions: Molson Coors North America and Molson Coors Europe. With a global presence, Molson Coors operates 22 breweries in the Americas, among dozens of world-class breweries and other facilities worldwide. Molson Coors offers a modern portfolio that expands beyond traditional beer to include various beverage types, reflecting their commitment to innovation and market trends.
Molson Coors Sustainability Goals
Molson Coors has set ambitious sustainability targets to be achieved by 2025. These include achieving zero waste to landfill at all major manufacturing sites, making 100% of their packaging reusable, recyclable, or compostable, and reducing absolute carbon emissions from direct operations by 50%. Additionally, they aim to reduce carbon emissions across their supply chain by 20%, improve water use efficiency in large breweries by 22%, and source 100% of their barley and hops from suppliers meeting their sustainability standards.
Molson Coors Commitment to Diversity and Equity
Molson Coors is dedicated to diversity, equity, and inclusion. They achieved a perfect 100 score on the Human Rights Campaign Corporate Equality Index for 18 consecutive years. Through initiatives like the Celebrate Tomorrow program launched in 2020, Molson Coors supports BIPOC communities. They have also committed $1 billion to spend with diverse suppliers in North America by 2023 and plan to invest $100 million in initiatives to improve livelihoods, champion diversity, foster empowerment, and build resilient communities by 2025.
Molson Coors Response to Community Needs
In response to various community needs, Molson Coors has undertaken several significant initiatives. Since 2017, they have donated nearly 1.8 million cans of clean drinking water to communities in need. During the COVID-19 pandemic, parts of their breweries were converted to produce hand sanitizer. In the 2020 holiday season, Molson Coors donated nearly 3 million meals to food banks. These actions highlight their dedication to supporting communities through challenging times.
Molson Coors Social Responsibility
Molson Coors has a strong focus on social responsibility. As a charter member of the International Alliance for Responsible Drinking (IARD), they promote responsible consumption. They have goals to provide quality low- and no-alcohol choices in all countries where they have large brewing operations by 2025, and they aim to achieve a 40% reduction in lost time accident (LTA) rate by 2025. These initiatives reflect their commitment to health, safety, and responsible consumption.