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Home OUR SUSTAINABILITY Our Sustainability Journey Our Value Chain Our Suppliers
Disclosure Items: GRI 308, 414; HKEX A3, B5

Our Goals and Accomplishments

UN SDGs KPI Measurements Progress in 2022 Progress in 2023


Goal 12: Responsible Consumption and Production


% of compliance with social and environmental standards among existing suppliers 100% 100%
% of basic requirements and compliances in new suppliers 100% 100%

  • Our Risks and Opportunities
    The production and distribution of our beer depends on a supply chain comprising top-notch agricultural raw materials, ingredients, and packaging materials. With climate change concerns gaining prominence, our intricate value chain faces growing pressure. Consequently, we are collaborating closely with our value chain partners to tackle these emerging challenges and uphold a sustainable and socially responsible value chain. 
  • Our Policy
    Please refer to our publicly available Responsible Sourcing Policy for more information on our expectation on business partners in alignment to human rights, labor standards, health and safety, environmental management, and business integrity. We expect our suppliers and business partners to pledge their commitment to establishing measurable targets, including carbon emissions, recycled content, and water consumption. Our business partners are also responsible for ensuring that their directors, officers, employees, and agents adhere to our anti-corruption policies and practices. 
  • Our Vision and Ambition
    We seek to promote environmental stewardship, human rights protection and economic stability through active engagement with our suppliers and business partners. We aim to share our sustainability values and principles with our own supply chain. 

Our Approach

• All suppliers, service providers, contractors, and business partners involved in our value chain operations are required to adhere to our responsible sourcing, human rights and anti- corruption policies.
• We conduct sustainability risk assessments for both new and existing suppliers, service providers, and business partners.
• Sustainability trainings are provided to our suppliers, service providers, and business partners.
• We collaborate with our business partners to develop innovative and sustainable products.
• Sustainability considerations are integrated into our procurement process, giving preference to materials with higher recycled content, such as packaging materials.

• We conduct annual reviews of contract terms and service agreements with our existing suppliers, service providers, contractors and business partners. Contracts will be terminated for those posing high sustainability risks, unwilling to engage in climate risk mitigation actions, or failing to comply with our policies.


SSA Program

Our innovative SSA platform has successfully engaged with upstream suppliers of malt, rice, and packaging materials. This collaboration has not only facilitated their sales, revenue, and profitability but has also contributed to high-quality manufacturing.

VSA Program

The VSA program is designed to establish a robust connection between Bud APAC and equipment vendors, leveraging their respective strengths to focus on research and co-development of new technologies. The program aims to enhance capabilities, drive high performance and achieve mutual success.

Our initiatives

  • Responsible Sourcing through Supplier Screening
    We diligently verify the credentials and basic registration prerequisites of potential new suppliers prior to soliciting proposals. Our new business partners should align to the requirements we set in the responsible sourcing, human rights and anti-corruption policies. The ones who fail to meet the basic requirements are to be screened out during the supplier selection process. 
    Impact
    Basic requirements and compliance met by 100% of new suppliers.
  • Supplier Management through Periodic Assessments
    Each year, we conduct comprehensive assessments of our current direct and strategic suppliers, evaluating their adherence to legal and regulatory requirements, financial performance, and compliance with sustainability-related matters outlined in our Responsible Sourcing Policy. Apart from sending out supplier self- assessment surveys, we conduct selective site audits at supplier sites to verify the actual alignment status of our existing suppliers. 
    Impact
    In 2023, we assessed the compliance status of social and environmental regulations for 100% of existing suppliers.
  • Capacity Building through Supplier/ Business Partner Training
    We offer comprehensive training and guidance to suppliers and business partners, ensuring their effective adherence to our policies, including the enhancement of data management practices. Following these training sessions, we conducted surveys to evaluate suppliers’ existing practices and monitor potential risks. The survey findings were documented to identify high-risk suppliers and initiate collaborative efforts to develop improvement plans for their practices.
    Impact
    In 2023, we conducted 8 training sessions for suppliers and business partners.

    • 6 sustainability trainings

    • 2 water audit and water efficiency trainings

Case Study