(Hong Kong, June 2, 2023) Budweiser Brewing Company APAC ("Bud APAC", SEHK:1876), the largest beer company in Asia Pacific, is pleased to announce the launch of a sustainability initiative that leverages its extensive supply chain network and expertise to reduce Scope 3 emissions and helps facilitate the low carbon transition of the beer industry. Unveiled at the company's Wenzhou Brewery in celebration of World Environment Day, the initiative reinforces Bud APAC's commitment to achieving 2025 Sustainability Goals, laying a foundation for delivering its ambition of net zero across the value chain by 2040.

The launch event brought together representatives from the Wenzhou local government, company senior executives, supplier representatives, industry associations, non-profit organizations (NGOs), experts, and the media. They exchanged insights on how best to leverage Bud APAC's leading practice to decarbonize the entire value chain. Scope 3 emissions account for 92% of the company's total Greenhouse Gas (GHG) emissions in 2022. Empowering its 6,000+ suppliers and contractors on their low carbon transition journeys is critical to Bud APAC's net zero ambition.

Intending to bring structural change and long-term impact on its value chain, Bud APAC designs the initiative to build upon and accelerate the various capacity-building efforts. In 2022, the company helped seven suppliers measure their carbon footprint and visited eight supplier sites. Under the 2023 initiative, Bud APAC plans to provide training on the GHG Protocol, TCFD, CDP and PAS 2060 and introduce the concept of science-based target setting to these suppliers. Bud APAC will also engage an additional 20 suppliers and 53 sites to help them develop a site-specific carbon footprint map.

Starting with the suppliers in China, Bud APAC plans to expand the initiative to other APAC markets in due course and empower its partners across the supply chain to achieve their low carbon transition.

About Budweiser Brewing Company APAC Limited

Budweiser Brewing Company APAC Limited ("Bud APAC") is the largest beer company in Asia Pacific, with leadership positions in Premium and Super Premium beer segments. It brews, imports, markets, distributes and sells a portfolio of more than 50 beer brands, including Budweiser®, Stella Artois®, Corona®, Hoegaarden®, Cass® and Harbin®. Bud APAC has expanded beyond beer into new categories such as ready-to-drink, energy drinks and spirits in recent years. Through its local subsidiaries, Bud APAC operates in its principal markets, including China, South Korea, India and Vietnam. Headquartered in Hong Kong SAR, China, Bud APAC operates 47 breweries and employs more than 25,000 colleagues across APAC.

Bud APAC is listed on the Hong Kong Stock Exchange under the stock code "1876" and is a constituent stock of the Hang Seng Index that is incorporated under the laws of the Cayman Islands. The company is a subsidiary of Anheuser-Busch InBev, the public company based in Leuven, Belgium and listed on Euronext, which has over 600 years of brewing heritage and an extensive global presence.

For more details, please visit our website at: http://www.budweiserapac.com.