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Disclosure Items: HKEX: A1, A2, A4

Environmental Management

We established comprehensive policies including our Environmental Policy, Packaging & Waste Policy, Water Policy and Climate Policy, which are available on our website. These policies are regularly reviewed considering legislation, public policies and organisational changes and best practices. All Bud APAC’s employees and related suppliers must strictly adhere to these standards.


We have been implementing Operations Management Systems, Voyager Plant Optimisation (VPO) and Distribution Process Optimisation across our APAC operations. The environment pillar of VPO aligns with the ISO 14001 Environmental Management Systems standards and our environmental management relative policy.


In 2024, Bud APAC had no major accidents or environmental violations related to air emissions, wastewater discharges,soil pollution, waste disposal, hazardous chemical substances, or other environment-related areas.

Our Goals and Accomplishments


Our Goal KPI Measurement 2017 Baseline 2022 2023 2024 2025 Target
To increase purchased electricity from renewable sources % of purchased electricity from renewable sources 0.10% 36.10% 66.40% 78.20% 100%
To reduce carbon emissions across our value chain % of GHG emissions per hectolitre of production will be reduced across its value chain 0% 19.70% 23.80% 31.70% 25%
Our Ambition Measurement 2017 Baseline 2022 2023 2024 2025 Ambition
To reduce absolute carbon emissions within our operations % reduction of absolute carbon emissions (tCO2e) within our operation (Scope 1 and 2) 0% 45.90% 60.80% 64.10% 35%
To reduce the energy intensity of our own operations % reduction of energy intensity (megajoules/ hectolitre) of production of our own operations 0% 26.60% 30.90% 33.80% 36%

  • Our Approach

    To help decarbonise our operations, including our breweries and vertical operations, and its supply chain, we have identified the following decarbonization levers, including:


    Energy Efficiency

    • Adopting low-carbon technologies and innovative ways to increase efficiency in breweries.


    Use of Low-Carbon Energy

    Incorporating low-carbon energy sources throughout our operations and value chain.

    • Increasing the percentage of electricity from renewable sources.


    Supply Chain Decarbonization

    • Supporting suppliers in developing their carbon baseline and decarbonization roadmap through the Eclipse platform.

    Pioneering innovative cooling solutions that offer viable alternatives to traditional refrigerants.

    • Exploring nature-based solutions such as forestry carbon sink and soil carbon sequestration to help remove carbon from the environment.

    Promoting and assisting value chain partners to carry out research or practical programme related to carbon footprint verification.


    Other Actions

    •Fostering innovation and driving meaningful actions in reducing GHG emissions through collaboration with industry stakeholders, policymakers, non-governmental organisations (NGOs) and other key actors.

    • Implementing circular initiatives to mitigate GHG emissions from packaging and waste.


Our initiatives

Further Decarbonization

To achieve decarbonization targets, we have implemented multiple initiatives across all our operations.


Scope 1 and Scope 2
Actions
Electricity from renewable sources

  • China
    • 10 breweries achieved RE100.
    • 16 breweries in China have in place solar panels, with 35.6 Million kWh of electricity generated in 2024.
    • Six of our breweries have been certified as carbon neutral, adhering to the international carbon-neutrality standards (PAS 2060 or ISO 14068). This milestone highlights our ongoing effort to reduce greenhouse gas emissions and transition to low-carbon production. Through various efforts in decarbonization, such as adopting advanced technologies and forming strategic alliances, we are supporting breweries in their progress toward a low-carbon future.
  • Our Vision and Ambition
    We pursue an ambition to achieve net zero across our value chain by 2040, with an approach of achieving 100% renewable electricity within our operations and reducing GHG emission intensity by 25% across our value chain by 2025, aligned with our Science-Based Target. This ambition prioritizes the reduction of GHG emissions from our operations as well as across our value chain. Additionally, we continually identify and prioritize climate-related risks and opportunities that are of significance to us.

    Our Risks and Opportunities
    Climate change resulting from increased concentrations of carbon dioxide and other greenhouse gases in the atmosphere, to which our operations and value chain may contribute, could have an adverse impact on global temperatures, weather and precipitation patterns and the frequency and severity of extreme weather and natural disasters. We conducted scenario analysis in accordance with TCFD Recommendations, analysed and identified climate-related risks and opportunities, and have been reviewing the countermeasures.

    Our reliance on agricultural commodities such as barley, hops, rice, corn, wheat and various fruit makes us susceptible to weather fluctuations, droughts, and plant diseases. Additionally, the impact of energy transition laws and regulations is substantial. We will continue to explore innovative solutions to effectively adapt to market requirements.