Having surpassed its prior target ahead of plan, Constellation further advances water stewardship efforts; shares progress against core commitments for environmental stewardship and social impact.
Exceeded previous water stewardship target ahead of schedule, continues progress against all environmental targets.
Constellation achieved its original target to restore approximately 1.1 billion gallons of water withdrawals from local watersheds ahead of plan and is now targeting to restore an incremental 4 billion gallons within the same timeframe, for a total of 5 billion gallons of water withdrawals restored by fiscal year 2025. Seeking to build resilience for this finite natural resource in local communities near its operations and on behalf of future generations, the company is partnering with local authorities, community leaders, and water-focused NGOs on multiple ongoing water infrastructure and restoration projects detailed in the new report.
“Water is one of our planet’s most precious natural resources, and a critical resource for our business. As such, we continue to prioritize efforts to improve water availability and resilience for communities where we operate, as we strive to ensure that we act in a manner that is both good for the world and good for the future of our business and stakeholders,” said
Earlier this year, Constellation established two new environmental stewardship targets for packaging and waste – pursuing a TRUE Certification for Zero Waste in key operating facilities1 and significantly enhancing its use of circular packaging across the company’s portfolio – both with a target date of fiscal year 2025.
The company also continues its efforts to manage greenhouse gas emissions, specifically by decreasing its dependence on non-renewable energy sources through energy conservation and renewable energy initiatives.
Focus on social initiatives closely aligned with business objectives.
Constellation continues to advance its target to invest a total of
In addition, partnerships with organizations whose missions and values align with those of Constellation’s consumers and employees, such as
“Our work related to social impact, providing access to beneficial resources and meaningful opportunities for the underserved, helps to create greater social equity which is key to building strong, resilient, and thriving communities,” said
Introduced significant governance enhancements.
After transitioning from a dual to a single class, one share, one vote common stock structure in
To learn more, you can access Constellation’s full 2023 ESG Impact Report here.
1 Key operating facilities, for the purposes of this target, consist of our major production facilities (i.e., our breweries in
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to our business and ESG strategies, future prospects, plans, events, performance, targets, goals, or objectives, future operations, future environmental, financial, or social metrics, promises, or expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur.
The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur. All forward-looking statements speak only as of the date of this news release and
In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to the risk, uncertainty, and possible variance from our current expectations regarding: future global economic conditions; market conditions; regulatory conditions; unanticipated environmental liabilities and costs; changes to governmental rules and regulations; the actions of competitors; consumer expectations and preferences; and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the
ABOUT
Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and
As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.
To learn more, visit www.cbrands.com and follow us on X, Instagram, and LinkedIn.
A downloadable PDF copy of this news release can be found here:
http://ml.globenewswire.com/Resource/Download/7552d268-a23e-4bdd-a800-2be1a06ca1e5
MEDIA CONTACTS | INVESTOR RELATIONS CONTACTS |
Source:
2023 GlobeNewswire, Inc., source