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ESGBERT 25

At the same time, we help our customers save energy, reduce waste and extend the lifetime of their equipment with solutions that increase product quality and durability.

We zoom in on key issues like carbon, water, responsible consumption, human rights, local sourcing and the opportunities and challenges of doing business in Africa.

The SET retains strategic management of the costs excluded from Reported financial information in arriving at Core financial measures, tracking their impact on Reported Operating profit and EPS, with operational management being delegated on a case-bycase basis to ensure clear accountability and consistency for each cost category.

Examples include our virtual ‘What’s Brewing' Seminar for investors and our attendance at COP-met with civil society, government officials and young climate activists.

This value creation model puts growth, profit and capital on equal footing with sustainability and responsibility.

The charter details the composition, responsibilities and code of conduct under which the Board operates.

Political instability, changes to the regulatory environment or taxation, international trade disputes and barriers to free trade, international sanctions, expropriation or nationalization of property, civil strife, strikes, insurrections, acts of terrorism, acts of war and public health situations (including the continued impact of the COVID-epidemic or pandemic) may disrupt or curtail our operations, business activities or investments.

People, see from page 83,100 employees 2020: 76,100 2019: 70,600 48.1% of our senior roles are filled by women 87% of employees believe strongly in Company’s future direction and key priorities 78% of employees believe there is effective collaboration between teams Commitment to society We recognise the interconnection between our business, the needs of society and the limitations of our planet.

These vendors are expected to respect local laws and have committed to follow the standards set forth in the Company’s Vendor Code of Conduct, which details the Company’s dedication to human rights, labor rights, environmental responsibility and workplace safety.

At operating company level, accountability for driving our ambition lies with the Managing Director/General Manager of the operating company.

Our risk-based approach The current four step Supplier Code Compliance Procedure allows us to identify and evaluate potential risks with our suppliers and execute mitigating actions to address the following issues: anti-bribery and anti-corruption, sanctions, political exposure, negative media coverage related to issues such as labour and human rights, health and safety, fraud, fair competition and money laundering.

We are committed to operating in a way that recognises the interconnection between business growth, the needs of society and the limitations of our planet.

Taking a long-term approach, Company has a strategy that is focused on watershed health to protect water resources.

The framework requires the assessment of operational risk events to determine root causes, impact to customers and/or us, and resolution plan accountability to correct any defect, remediate customers, and enhance controls and testing to mitigate future issues.

Listening to the voices of our people provides the input to ensure that they have the tools and resources to do their jobs and the right learning opportunities, and that they experience a positive, respectful and inclusive work environment.

• The CEO and other executive directors are required to maintain shareholdings equivalent to and 450% of salary respectively, including for two years post employment (2020 policy).

Leaving employment will normally preclude the conversion of units into shares, but special arrangements apply for participants that leave for qualifying reasons.

To guide our operating companies, we have included respecting human rights in high-risk contexts in our global Human Rights Policy and designed a set of ‘Golden Principles’ and corresponding actions.

Fair wages also take into account factors such as family size, number of individuals employed per family and hours worked.

ex cl us iv ity + ye ar s 1 2 3 4 5 6 7 8 9 Inspired by our Values and what science can do, we are focused on accelerating the delivery of life-changing medicines that create enduring value for patients and society.

To achieve our commitment, we begin by assessing wages across all operating companies against the Fair Wage Network and aim to close any wage gaps by the end of 2023.

In the UK, we launched a Women and Allies Network which provides a safe environment for all colleagues to be part of the conversation.

Investor preferences and sentiment are influenced by environmental, social and corporate governance (ESG) considerations including climate change and the transition to a lower carbon economy.

We are committed to continuing to invest in our colleagues and their wellbeing to further differentiate Company as an innovative workplace and enable us to attract the best talent.

We are also a company rooted in family, one that thinks in generations to serve the needs of all stakeholders.

Our regulators are increasingly focused on ensuring that our privacy, data protection, data governance and information and cyber security-related policies and practices are adequate to inform customers of our data collection, use, sharing and/or security practices, to provide them with choices, if required, about how we use and share their information, and to appropriately safeguard their personal information and account access.

The assessment put forward a small number of recommendations concerning the Board’s role in ESG, risk and reputation management, and future requirements in the skills matrix of new Board members, all of which were comprehensively addressed by the Board during the course of last year.

further put in place adequate contractual measures with respect to sharing and transferring data with third parties, reviewing its privacy notices and other customer notifications and reviewing the current data security framework on an ongoing basis.

The Group is dealing with these civil claims with help from its local advisors.

Our people are diversity and an average age of 35.

They are a vital part of our company and we are committed to taking steps to ensure that they work reasonable hours in a safe, healthy work environment and earn a fair wage.

In the US, group companies also provide post-retirement healthcare to eligible retired employees and their dependants (and, in certain legacy cases, life insurance coverage); the entitlement to these benefits is based on the employee remaining in service until a specified age and completion of a minimum period of service.

During requires it to encourage a diverse and inclusive working environment in the boardroom, where everyone is accepted, valued and receives fair treatment according to their different needs and situations without discrimination or prejudice.

Our family roots are special to our company and foster a strong sense of belonging.

We look at our water impacts contextually, including internal water usage and wastewater management, and external promotion of water security beyond our brewery walls.

There have been improvements in the quality and cadence of information flows from management to the board, a risk governance review has been completed and board education sessions have been directed at strategic priorities, such as the emerging renewables and low carbon energy businesses, climate change risk and how Company is mitigating it consistent with its financial and sustainability aims.

Ethical behaviour Anti-corruption who have received training on the organisation’s anti-corruption policies and procedures, broken down by region.

A fair and safe workplace We believe in fairness, human connection and the joy of bringing people together.

Our code of conduct and our values and behaviours, applicable to all employees, are central to managing this risk.

This process includes identifying Environmental, Social and Governance (ESG) risks.

This is a bold ambition and achieving it will require us to strengthen our pipeline of women talent at levels below senior management.

– A deep-dive on carbon footprint and social sustainability.

We rely on the experience and skills of our executive officers and associates, and the failure to attract or retain this talent, effectively manage succession, and establish a diverse workforce could have a material adverse impact on our business.

Our Global Standard on External Funding covers community investment and provides guidance to ensure a consistent, transparent and ethical approach around the world, based on local need.

By 25 percent of senior management roles are filled by women.

We regularly review our compensation practices to ensure colleagues in the same job, level and location are compensated fairly regardless of gender globally, and race and ethnicity in the United States.

The Supervisory Board also reviewed the Executive Board’s actual base salary and short-term and long-term variable remuneration versus the labour market peer group median.

Each year, a target number of performance shares is conditionally granted based on the aforementioned target LTI opportunity percentage of that year, the base salary of that year, and the closing share price of of the preceding year.

Pay equity Company believes that a culture of diversity, inclusion and equal opportunity is critical to our business success and makes us stronger.

In business collective made up of 500 CEOs and their companies, to drive lasting change for people around the world living with a disability.

In accordance with the board’s policy, the board as a whole aspires to have greater representation of those from an ethnic minority over time.

We recently closed our acquisition of umlaut and are excited to welcome industry-leading engineers and consultants to the Company family.

Retiring US employees typically take their pension benefit in the form of a lump sum payment upon retirement.

In rights review approach and perform risk-based regional human rights reviews in Europe, Americas and Asia Pacific.

Our aim is to encourage employees to express their opinions and to prevent and detect any behaviour not in line with our Values, Code of Ethics and Global Standards.

By far the most significant positive impact we can have is through innovative technologies that reduce energy consumption and emissions, which improves quality of life for citizens around the world.

Keeping people safe We monitor and report on key workforce personal safety metrics in line with industry standards.

We identify barriers to care and contribute towards health system strengthening by training providers and addressing gaps in awareness, education, prevention and diagnosis.

This includes a collaboration with Common Market for Eastern and Southern Africa (COMESA), an economic community representing production in East Africa.

We are committed to ensuring gender balance across our senior management with the goal of by 2025 and 40% by 2030.

Dividends and Share Repurchases” under “MD&A” and Note RRegulation in the areas of privacy, data protection, data governance, account access and information and cyber security could increase our costs and affect or limit our business opportunities and how we collect and/or use personal information.

We are committed to paying all Company employees a fair wage and to ensuring fair living and working standards for third-party employees and brand promoters.

Increasing the gender diversity in the Company's senior management is a key priority for the Company, as also reflected in the other sections of this Annual Report.

and diverse workforce to deliver our purpose and strategy.

E. Workforce policies Based on our Values, expected behaviours and key policy principles, the Code of Ethics empowers our workforce to make decisions that are in the best interests of the Group, society and the Company.

If our factories are unwilling or not able to meet the standards set forth within the Company’s Vendor Code of Conduct, it could limit the options available to us and could result in an increase of costs of manufacturing, which we may not able to pass on to our customers.

Activities during the year Learning and development activity is divided between developmental and educational needs, mandatory training (being training that all Company employees undertake such as code of conduct and cyber risk, among others) and site visits.

Credit rating downgrades could potentially increase financing costs and limit access to financing or engagement in our trading activities on acceptable terms, which could put pressure on the group’s liquidity.

We develop and maintain systems and processes aimed at detecting and preventing information and cyber security incidents and fraudulent activity, which require significant investment, maintenance and ongoing monitoring and updating as technologies and regulatory requirements change, new vulnerabilities and exploits are discovered and as efforts to overcome security measures become more sophisticated.

Hoperations by switching fuel from natural gas to low carbon hydrogen, enabling their manufacturing facilities to produce low carbon products as society progresses towards a net zero future.

marketing our products to consumers in several diverse demographic markets effectively, including through social media platforms which have become increasingly more important in order to stay connected to our customers; as our digital sales penetration has increased.

With health and well-being as a key priority at Company, we focused on supporting our employees to stay safe, to make good choices regarding wellness, manage stress and connect with others in a positive and meaningful way.

Geopolitical conditions, terrorist attacks, natural disasters, severe weather, widespread health emergencies or pandemics, information or cyber security incidents (including intrusion into or degradation of systems or technology by cyberattacks) and other catastrophic events can have a material adverse effect on our business.

To complement the programme, a range of other activities were undertaken throughout the year for the board to engage with members of the workforce.

Empowering employees through our Code of Ethics to make decisions in the best interests of the Group and society.

Social sustainability The pandemic and the recovery ahead have underlined the importance of caring for our people and the people connected to our business.

In 40% reduction in the vehicle collision rate and a 68% reduction in the work-related injury rate from the 2015 baseline.

After her degree and an internship at Company, Iga joined the Company Ability team in Poland where she found an ideal environment to develop and learn as one of the growing number of women in STEM (science, technology, engineering and mathematics) fields.

Given his continued strong performance for the company, we propose to adjust Bernard’s salary by for the majority of the wider workforce in the UK.

Prosperity Core metrics Disclosures Employment and wealth generation Absolute number and rate of employment group, gender, other indicators of diversity and region.

in Africa We are making social sustainability and human rights part of how we do business with third-party service providers in Africa.

Aim equity and inclusion for our workforce and customers, and to increase supplier diversity spend to $1 billion.

Following publication of the ESG datasheet, we identified minor data reporting corrections and implemented methodological improvements which have impacted the previously reported aim 3 figures.

Equal treatment and opportunity of our employees are key drivers for an inclusive environment.

We recognize the importance of health and wellbeing, supporting livelihoods, treating people with respect and working to enhance diversity, equity and inclusion.

We are also building leadership capacity to create a safe working culture that puts safety first.

Disclosure is required if certain company personnel have knowledge of “credible evidence” of a violation of federal criminal laws involving fraud, conflict of interest, bribery or improper gratuity, a violation of the civil U.S. False Claims Act or receipt of a significant overpayment from the government.

In implemented a new Global Safety, Health and Environment (SHE) Standard that describes our commitment to, management of and accountability for SHE.

Any fatal accidents involving permanent, fixed-term or temporary personnel in case the fatal accident occurred on the premises owned or rented by the Company Company (e.g. headquarters, the production or warehousing site (incl.

For example, recent government initiatives in the U.S. or changes to existing laws, such as the adoption and implementation of national, state, or local government proposals relating to increases in minimum wage rates, may increase our costs of doing business and adversely affect our results of operations.

The remuneration policy of the Executive Board and a potential proposed amendment to include ESG-related performance measures in the long-term incentive plan.

> Education and information on advances in medical science.

2021 Annual Report 2 Company Institute is a nonprofit environmental organization and fiscal sponsor to more than seventy-five projects working in the areas of conservation, energy and climate, women?s environmental leadership, international and Indigenous communities, sustainability and community resilience, and more.

Human rights BV Our Code of Ethics and Human Rights Statement commit us to respecting and promoting international human rights – not only in our own operations, but also in our wider spheres of influence, such as our third-party providers.

Each Division has full accountability for its results and carries the responsibility for business development, and research and development for leading technology to secure a number market position.

Safety First remains our number one company behaviour, and our goal is to invest in leadership capacity to drive zero fatal accidents and serious injuries at work.

Contributing to society is a fundamental part of our commitment to make a difference to people and our strategic ambition to lead in sustainability, as part of being a great place to work.

Our representation goals to increase minority and women representation and retain our key talent.

Our brand and reputation are also associated with our public commitments to various corporate environmental, social and governance (ESG) initiatives, including our goals for sustainability and inclusion and diversity.

The topic of alcohol and health is under scrutiny in many markets.