Our Goals and Accomplishments

UN SDGs	Our Goal	KPI Measurements	Progress in 2022	Progress in 2023	2025 Target
Goal 12: Responsible Consumption and Production	100% of our products are in packaging that is returnable or made from majority recycled content	% of products in returnable packaging + % of products in packaging made from majority >50% recycled content	63.2%	64.8%	100%
	To increase products in returnable packaging	% of products in returnable packaging	50.2%	49.4%	100%
	To increase products in one-way packaging made from >50% recycled content	% of products in one-way packaging made from >50% recycled content	13%	15.4%	100%
	To increase % of primary packaging made of recycled content	% of primary packaging made of recycled content	51.4%	54.4%	>50%
	To increase recovery volume of our primary packaging materials	Weight in tons	147,528	111,398	120,000
	To increase recycling of by-products and waste	% recycling of by-products and waste	99.96%	99.87%	No target

Our Risks and Opportunities

We are dedicated to enhancing the circularity of our packaging materials and minimizing the impact to the environment. By embracing circular packaging, we not only reduce our impact on limited global resources but also reap long-term financial advantages. This circular approach is crucial in addressing climate change since packaging contributes significantly (47.9%) to our overall GHG emissions. To effectively tackle packaging and waste issues, such as China’s landfill problem and environmental pollution in India, it is essential to foster innovation, collaboration, and education across boundaries and sectors.
Our Policy

We strive to minimize waste throughout our packaging life cycle by implementing various measures. Our publicly available Packaging and Waste Policy serves as a guide for our operations. It helps us avoid unnecessary consumption, choose sustainable alternatives, and appropriately reuse and dispose of materials.
Our Vision and Ambition

At Bud APAC, we understand the importance of promoting circularity and waste reduction. As part of our commitment, we aim to ensure that 100% of our products are either packaged in returnable containers or made from materials with a majority composition (>50%) by 2025.

Our Approach

Waste Management in Our Operation

• Evaluate waste generation and landfill diversion within our operations and throughout the value chain to identify areas for reduction and promote circularity.
• Implement green procurement practices to minimize waste at the source by eliminating single- use supplies and collaborating with suppliers in accordance with our Responsible Sourcing Policy.
Circular Packaging

We are on a mission to create a more sustainable and circular future. By focusing on innovative packaging solutions, we drive progress in our industry and beyond.
• Innovate – Foster collaboration with start-ups that drive advancements in packaging innovations through our 100+ Accelerator platform and our APAC Sustainability and Procurement Innovation Lab.
• Reduce – Utilise technological advancements (e.g., lightweighting) and redesign our packaging to minimize material consumption across all packaging types.
• Reuse – Enhance the reusability of our packaging to extend its lifespan.
• Recycle – Incorporate recycled and/or recyclable materials into our packaging to promote a circular economy.
• Recover – Work in partnership with local communities and governments to improve the recovery rate of used packaging.

Our Footprint

Our initiatives

Waste Reduction Opportunities in Packaging Design

Returnable Packaging
We adopt circular packaging design, such as returnable bottles, to reduce GHG emissions and drive more sustainable consumer behavior. Going forward, we remain committed to enhancing returnable rate across all markets, aiming for continuous improvement in our sustainability efforts.
Impact
We have achieved a collection and refill rate of over 80% of our returnable bottles, which are strictly sanitized and reused to package beer in APAC. Vietnam leads in bottle returnable rate with over 100%, South Korea is around 99.5%. while China exceed 81%, and India surpasses 48%. (Bottle returnable rate = Returned bottles/Beer sold in bottle of the year)

Recycled Contents in Packaging
To minimize the reliance on new materials and promote the use of recycled content, we have dedicated our efforts to developing a new technology in China. This innovation enables us to achieve 90% recycled content in our glass bottles.
Impact
Our primary packaging contains 54.4% recycled content.
Waste Reduction Opportunities in Manufacturing

Green Procurement and Repurposing
We have implemented green procurement practices to tackle waste reduction at its source by eliminating the use of single-use materials and supplies. By actively seeking environmentally friendly alternatives, we aim to minimize waste generation throughout our operations. Additionally, we strive to maximize opportunities for repurposing waste, ensuring that valuable resources are not wasted and can be utilized in other productive ways.
Impact
In line with the success of our initial Zero Waste Brewery in Taizhou, 5 of our breweries in China have begun adopting the Zero Waste Strategy.
Waste Reduction Opportunities in Logistic and Retailing

Sustainable Packaging Advances Distribution
We have employed advanced secondary and tertiary packaging solutions to support the handling, logistics and distribution of our beverages. These include recyclable shrink film, paperboard and reusable wooden pallets. Additionally, we prioritize the use of cartons made from 90% waste pulp for distributing our products in our breweries in China.
Impact
These measures enable us to optimize operations while minimizing environmental impact and promoting sustainability throughout the distribution process.
Post-Consumer Recovery Opportunities

Glass Bottle Recycling
In collaboration with our wholesalers, we have established a system for collecting cullet and disposable bottles. In China, we have streamlined the return process for glass bottles, enabling us to directly return the bottles to our glass supplier. This approach offers multiple benefits, including a stable and consistent source of recycled glass for our suppliers and the creation of a closed-loop recycling system that promotes sustainability.
Impact

Our suppliers collected 7,877 tons of cullet for recycling in 2023.

Can-to-can Recycling
In 2022, we forged partnerships with value chain partners to enable the recycling of used beverage cans (UBC).This innovative model has already been successfully implemented in our Putian, Foshan and Wuhan breweries in China.

In China, although used beverage cans are recycled and reused, which will be normally downgraded for construction materials and manufacturing. They are not ready to be transformed into Bud APAC cans. To enhance the amount of recycled content in our cans, we collaborate with industry partners in the collection and recycling chain. Together, we aim to establish a closed-loop solution for UBC, enabling a can-to-can recycling process.
Impact
Over 246 tons of waste cans have been collected in the China market.