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Building Capability for Our Value Chain Partners to Accelerate Their Low Carbon Transition

Release date:January 13, 2025

In 2023, we elevated our capability-building program for enhancing suppliers’ understanding of carbon- related matters, particularly on carbon emission baseline setting. We conducted six training sessions covering various topics such as GHG protocol, SBTi, RE100, CDP, TCFD, and PAS 2060. These sessions were attended by more than 300 participants. With the assistance of third-party consultants, we facilitated carbon footprint mapping for 40 suppliers and 90 sites, resulting in 40% carbon emission mapping across our value chain. We have a clear decarbonization roadmap set for over 60% of malts which is aligned with our 2040 net zero ambition. The carbon emissions of our can suppliers were reduced by 20% with the help of the carbon baseline initiative. Based on research and intensive supplier engagement, the secondary packaging suppliers have the highest potential to become carbon neutral. By the end of 2023, our scope 3 emissions have reduced by 4.6% compared to 2022 and a 21.0% reduction compared to our own baseline year 2017.