Molson Coors Recognized as World Beverage Sector Leader
16 Sep 2013 --- Molson Coors Brewing Company announced that it has been named on the Dow Jones Sustainability North America Index for the third consecutive year and has earned a place on the prestigious World Index for the second consecutive year.
Of the 140 companies that achieved listing on this year’s North America Index, Molson Coors is one of only eight companies included in the Food and Beverage category and is in the company of only 14 other food and beverage companies on the World Index.
"We’re proud to be recognized as Beverage Sector leader for the second consecutive year, and to be included in the DJSI World Index for the second year running,” said Peter Swinburn, Molson Coors president and chief executive officer. “Molson Coors has focused on continuing to improve ‘Our Beer Print’, which recognizes our impacts on our communities, people and environment. Through 2013 we have developed Our Beer Print further to engage through our brands and partner with our customers to have greater influence and contribute to the company’s growth.”
As well as time spent integrating the new European business, Molson Coors received marked increases in key areas of review, including: Brand Management, Packaging and Innovation.
The DJSI follow a best-in-class approach, including companies across all industries that outperform their peers in numerous sustainability metrics. RobecomSAM invites the world’s 2,500 largest companies (by free-float market capitalization) from the 58 sectors to report annually on their sustainability performance. The result of the Corporate Sustainability Assessment provides an in-depth analysis of economic, environmental and social criteria, such as corporate governance, water-related risks and stakeholder relations, with a special focus on industry-specific risks and opportunities.
DJSI North America tracks the performance of the top 20 percent of the 600 largest Canadian and United States companies in the Dow Jones Global Total Stock Market Index that lead the field in terms of sustainability, while the World Index tracks the performance of the top 10 percent of the 2500 largest companies.
In July 2013 Molson Coors announced the issue of its ‘Our Beer Print’ - 2013 Corporate Responsibility Report, outlining saving of $10 million per year from 2008 through 2012, due to lower use of energy and water, reduced waste fees and taxes, and sales of materials that would otherwise have been disposed. In 2012, the company announced ambitious new long-term targets to achieve further reductions: 25 percent in energy intensity, 15 percent in GHG intensity and 20 percent in water per unit of production by the year 2020.
