重庆啤酒(600132):重庆啤酒股份有限公司2024年环境、社会和公司治理报告（英文版）
原标题:重庆啤酒:重庆啤酒股份有限公司2024年环境、社会和公司治理报告（英文版） This report represents the third Environmental, Time Span References Used in the Report Report Approval and AccessibilitySocial and Governance ("ESG") report of Chongqing Brewery Co., Ltd. (the "Company"). Its primary The report covers the period from January 1, 2024 For the convenience of expression and reading, This report has been approved by the Board of purpose is to present our ESG policies, management to December 31, 2024 ("2024", "reporting period" "Chongqing Brewery", "the Company", and "We" in Directors on April 1, 2025. This report is available practices, and performance to stakeholders, and "this year"). To ensure the continuity and the report all refer to "Chongqing Brewery Co., Ltd.", in Simplified Chinese and English. In the event of providing a more comprehensive understanding of comparability of ESG reports, certain data and while "the Group" refers to "Carlsberg A/S". any minor discrepancies between the two versions, our ESG efforts. information are backdated or forwarded to other the Chinese version shall prevail. The report in pdf. significant years when appropriate. is accessible on Shanghai Stock Exchange website Source of Data (http://www.sse.com.cn) and our official website (https://www.carlsbergchina.com.cn). Scope of Reporting All information cited in this report is from the Company's official documents, statistical reports The subject of this report is Chongqing Brewery Co., and financial reports. The information presented Ltd. (Stock Code: 600132) unless otherwise stated. in this report is provided by our employees and The disclosure standards it follows are consistent partners and for the purpose of our ESG disclosure with our annual report. only, and not for commercial purposes.Basis of Preparation Disclaimer In preparing this report, we referred to Guidelines Please note that some parts of this report are No. 14 of Shanghai Stock Exchange for Self- forward-looking, including plans, goals, etc., for Regulation of Listed Companies—Sustainability future development. Such content is based on the Report (Trial), GRI Sustainability Reporting current expectations of the management, which Standards (GRI standards), and IFRS Sustainability may be subject to uncertainties that could cause Disclosure Guidelines released by ISSB. We also it to differ materially from actual results. The took into account the suggestions put forward in Company does not undertake the obligation to the ESG Disclosure Guidelines for Chinese Alcoholic update any forward-looking statements in this TABLE OF CONTENTS ABOUT THE REPORT 01 SIX TTZAB AMBITIONS 16 APPENDIX 70 ZERO Carbon Footprint 17 THIRD-PARTY COMMENT 70 PRESIDENT'S MESSAGE 03 ZERO Farming Footprint 25 GRI INDEX 71 ZERO Packaging Waste 28 SSE ESG INDEX 74 ABOUT US 04 ZERO Water Waste 31 INDEX FOR ALCOHOLIC BEVERAGE 75 ENTERPRISE ESG DISCLOSURE ZERO Irresponsible Drinking 35 COMPANY PROFILE 04 ESG KPIS 76 ZERO Accidents Culture 39 TITLES AND HONORS 05 ESG PROGRAM 09 ESG HIGHLIGHTS 12 ESG GOVERNANCE 13 46 KEY FOCUS AREAS STAKEHOLDER ENGAGEMENT 14 EMISSIONS MANAGEMENT 47 DOUBLE MATERIALITY ASSESSMENT 15 PRODUCTS AND SERVICES 50 DIVERSITY, EQUITY & INCLUSION 54 RESPONSIBLE SOURCING 60 COMMUNITY ENGAGEMENT 62 COMPLIANCE MANAGEMENT 64 PRESIDENT'S MESSAGE Thank you for reading this Environmental, accidents involving employees and contractors forward on the path of sustainable development. Social and Governance ("ESG") Report 2024 of decreased by 92% in 2024. We also promote Chongqing Brewery Co., Ltd. a healthy consumption culture and widely This report you are about to read is the first communicate the concept of ZERO Irresponsible ABOUT US Tuborg, Kronenbourg 1664, Grimbergen, Brooklyn, and Somersby, and local brands include Wusu, Responding promptly to market changes, we China has become the Group's largest market implementing the Together Towards ZERO and Chong Qing, Shancheng, Xixia, DALI, WFSM, are one of the fastest growing Chinese beer globally. In the Group's SAIL'27 strategy, "Keep Beyond (TTZAB) ESG program in China. We are TIAN MU HU, and Jing-A, meeting the diversified companies in recent years. In 2024, our respective Winning in China" is listed as one of the strategic dedicated to achieving ZERO Carbon Footprint, needs of consumers for high-quality beer. sales, revenue, and net profit attributable to priorities. This priority demonstrates our ambition ZERO Water Waste, ZERO Farming Footprint, shareholders of parent company after deducting of being the most successful, professional and ZERO Packaging Waste, ZERO Irresponsible non-recurring gains and losses were 2.9749 attractive brewer in China. We are also committed Drinking, and ZERO Accidents Culture, while million kiloliters of brews, RMB 14.645 billion, to actively addressing global challenges such as adhering to the Group's purpose of brewing for a and RMB 1.222 billion. inequality, climate change and water scarcity by better today and tomorrow.ENTERPRISE HONORS Shanghai Stock Exchange China Association for Public Companies China Association for Public Companies China Association for Public Companies Hurun China A-rating in 2023-2024 Excellent Practice Cases of the Board of Excellent Cases of Culture Construction of Best Practice of Annual Report Top 100 in the Food Industry Information Disclosure Work Directors of Listed Companies of the Year Listed Companies of the Year Presentation of the YearSecurities Times Securities Times Institutional Investor Corporate Governance Asia China Securities Journal Top 100 Main Board Listed The 15th Tianma Award for Investor Most Honored Company Five Awards at the 14th Asian Golden Bull Best Investment Value Company Value Relations Management and Shareholder Excellence Award Award of the Year Returns of Listed Companies in China Golden Information Disclosure AwardENTERPRISE HONORS Shanghai Stock Exchange China Association for Public Companies China Association for Public Companies China Association for Public Companies Hurun China A-rating in 2023-2024 Excellent Practice Cases of the Board of Excellent Cases of Culture Construction of Best Practice of Annual Report Top 100 in the Food Industry Information Disclosure Work Directors of Listed Companies of the Year Listed Companies of the Year Presentation of the YearSecurities Times Securities Times Institutional Investor Corporate Governance Asia China Securities Journal Top 100 Main Board Listed The 15th Tianma Award for Investor Most Honored Company Five Awards at the 14th Asian Golden Bull Best Investment Value Company Value Relations Management and Shareholder Excellence Award Award of the Year Returns of Listed Companies in China Golden Information Disclosure AwardChongqing Enterprises Federation, Federation of Industry and Commerce Federation of Industry and Commerce Guangzhou Association of Chongqing Federation of Industrial Economics of Yunnan Province of Ningxia Hui Autonomous Region Enterprises with Foreign Investment ESG HONORS Chongqing Daily MIIT China Alcoholic Drinks Top 10 Chongqing Social National Water Efficiency Leader Association Responsibility Influential ESG Model Enterprises List Enterprises of the Year 2024 China Association for ESG HONORS Chongqing Daily MIIT China Alcoholic Drinks Top 10 Chongqing Social National Water Efficiency Leader Association Responsibility Influential ESG Model Enterprises List Enterprises of the Year 2024 China Association for Fortune China Southern Metropolis Daily Guangzhou Daily People.cnCaijing.com.cn China Securities Journal Dali Brewery won the title of Lixian Brewery won the title of Korla Brewery and Wusu Brewery won the title of Yunnan Provincial Water-saving Sustainability Benchmark ESG Golden Bull Top 100 Hunan Green Plants of the Year Xinjiang Uygur Autonomous Region Green Plants Benchmark Enterprises of the Year of the YearEMPLOYER BRAND, CULTURE AND TALENT DEVELOPMENT HONORSPRODUCT, BRAND AND MARKETING HONORS Three Awards in "Qingzhuo" Awards New Alcoholic Beverage Products Selection "Wusu x CTF Crossover Marketing" won TMA Integrated Marketing Gold Award PRODUCT, BRAND AND MARKETING HONORS Three Awards in "Qingzhuo" Awards New Alcoholic Beverage Products Selection "Wusu x CTF Crossover Marketing" won TMA Integrated Marketing Gold Award Douyin E-commerce 618 Outstanding Contribution Award At the China International Beer Challenge 2024, 15 product categories of the Company won awards, JD Supermarket "Marketing Partner of the Year" Bronze Award of IAI E-commerce Marketing TOP DIGITAL Festival Marketing Annual Special Award At the World Beer Awards 2024, the Company won 6 gold medals, 5 silver medals and 3 bronze medals, with three product categories rated "Best in China" 2024 Meituan Flash Innovation Breakthrough Award At the World Cider Awards 2024, Somersby won 1 gold medal, 1 silver medal and 2 bronze medals 2024 Meituan Flash Warehouse Brand Growth Award Wusu won the title of "Xinjiang Time-honored Brand" 2024 Ele.me Brand Strategic Partner Award WFSM won NIQ BASES Breakthrough Innovation Awards 2024 Ele.me Official Flagship Store Win-Win Award2024 Ele.me Summer Integrated Marketing Innovation Award Jing-A brand and its products won 2 gold medals, 1 silver medal and 4 bronze medals at 2024 Australian International Beer Awards (AIBA), a silver medal at Asia Beer Championship (ABC) 2024 Jing-A Taproom was selected as 2024 Douyin Enchanting Restaurant, 2024 that's FOOD & DRINK and a gold medal at Japan International Beer Cup Awards Editor's Choice Burger of the Year, 2024 TimeOut Bar Awards Craft Beer Bar of the Year, 2024 Olive China Top 100 Craft Beer Bar, No. 1 Brand in National Craft Brand Hot List of 2024 Beijing Craft Beer Festival Carlsberg Artist Edition for the Year of the Snake won iF Design Award 2025Tuborg rap music program won International Advertising Awards (IAI) Excellence awardInnovative Brand of the Year" "Tuborg x but" won China International Advertising Festival · 2024 Content Marketing Gold Case"Tuborg 2024 CNY Dragon" won Golden Bauhinia International Advertising Creativity AwardBrand List "Tuborg 2024 Rap Music" program won Bronze Award of China Content Marketing Awards ESG PROGRAM In 2022, the Group released the SAIL'27 strategy Irresponsible Drinking, ZERO Accidents Culture, areas of responsible sourcing, diversity, equity & stakeholders such as suppliers, customers, and launched the upgraded Together Towards TTZAB has developed an action roadmap, and inclusion, human rights, living by our compass, consumers and the community to implement ZERO and Beyond (TTZAB) ESG program to set measurable indicators for 2030 and 2040, and community engagement. sustainability commitments across the business actively respond to global challenges such as including net ZERO value chain, packaging and value chain, aiming to achieve the corporate climate change, water scarcity and inequality, recycling for reuse, 100% replenishment of water purpose of brewing for a better today and In 2024, the Company entered a new phase of and promote sustainable development of the usage at breweries in high-risk areas, and ZERO tomorrow. Accelerated SAIL under the SAIL'27 strategy, enterprise. lost-time accidents, among other challenging and continued to facilitate the implementation of leading targets. Our climate targets are aligned the TTZAB program, made substantial progress with the 1.5°C target in the Paris Agreement on Based on the six ambitions, namely ZERO in key areas through a series of actions, and Climate Change. Meanwhile, we have also further Carbon Footprint, ZERO Farming Footprint, ZERO committed to track and timely update the strengthened the strategic layout in five focus Packaging Waste, ZERO Water Waste, ZERO ambitions. The Company works closely with ESG PROGRAM In 2022, the Group released the SAIL'27 strategy Irresponsible Drinking, ZERO Accidents Culture, areas of responsible sourcing, diversity, equity & stakeholders such as suppliers, customers, and launched the upgraded Together Towards TTZAB has developed an action roadmap, and inclusion, human rights, living by our compass, consumers and the community to implement ZERO and Beyond (TTZAB) ESG program to set measurable indicators for 2030 and 2040, and community engagement. sustainability commitments across the business actively respond to global challenges such as including net ZERO value chain, packaging and value chain, aiming to achieve the corporate climate change, water scarcity and inequality, recycling for reuse, 100% replenishment of water purpose of brewing for a better today and In 2024, the Company entered a new phase of and promote sustainable development of the usage at breweries in high-risk areas, and ZERO tomorrow. Accelerated SAIL under the SAIL'27 strategy, enterprise. lost-time accidents, among other challenging and continued to facilitate the implementation of leading targets. Our climate targets are aligned the TTZAB program, made substantial progress with the 1.5°C target in the Paris Agreement on Based on the six ambitions, namely ZERO in key areas through a series of actions, and Climate Change. Meanwhile, we have also further Carbon Footprint, ZERO Farming Footprint, ZERO committed to track and timely update the strengthened the strategic layout in five focus Packaging Waste, ZERO Water Waste, ZERO ambitions. The Company works closely with Responsible Community Living By Diversity,Equity Human Purpose Brewing for a better today and tomorrow Purpose Brewing for a better today and tomorrow Our portfolio choices Our geographical priorities Our execution excellence Our winning culture Funding our journey Creating value for all our stakeholders SAIL'27 priorities Sustainability Strategy Together Towards ZERO and Beyond (TTZAB)2030 Targets ZERO carbon emissions at our breweries 2040 Targets Net ZERO value chainZERO 30% reduction in value chain carbon emissions Carbon All renewable electricity must come from new assets Footprint (e.g., via power purchase agreements) ZERO 30% of our raw materials are from regenerative agricultural 100% of our raw materials are from 2030 Targets 2040 Targets practices and are sustainably sourced regenerative agricultural practices and Farming are sustainably sourced Footprint ZERO 2030 Targets 100% recyclable, reusable or renewable packaging 50% reduction of virgin fossil-based plastic Packaging 90% collection and recycling rate for bottles and cans 50% recycled content in bottles and cansWaste ZERO Water usage efficiency of 2.0 hl/hl in the Company, and 1.7 hl/hl at 100% replenishment of water usage at breweries in 2030 Targets Water breweries in high-risk areas high-risk areas Waste 2030 Targets 100% responsible drinking messaging through packaging and brand 35% of our beers from the Company are low-alcohol or ZERO activities alcohol-free Irresponsible Drinking 100% of our markets run partnerships to support responsible consumption100% availability of alcohol-free brews (AFBs) ZERO Accidents 2030 Targets ZERO lost-time accidents Culture Diversity, Equity & Inclusion Focus on the continuous enhancement and implementation of policies, partnerships and other initiatives to manage the impacts on our employees, operations, value chain and wider society. Living by Our Compass Set additional targets that are quantified and shorter-term, including the proportion of women in senior leadership position ramping Human Rights ESG HIGHLIGHTS ESG HIGHLIGHTS Products and Services Responsible Sourcing Community Engagement Corporate Governance Living by Our Compas A-rating 30 100 4,100 % 100 % RMB138,000 + % Increase in the proportion Breweries have passed the Of our major materials Was donated to launch Healthy In 2023-2024 Information Of total enrolments in ESG GOVERNANCE ESG Governance Structure The Company has successfully integrated ESG governance into its daily operations. We have developed a three-tier ESG management structure comprising the President, TTZAB Target Owners, and ESG Owners. These individuals are responsible for the planning, coordinating and implementation of our ESG strategies and establishing the KPIs, setting targets, and tracking progress to facilitate the implementation of our ESG strategies and to achieve efficient management of the TTZAB. The annual ESG report is issued after consideration by the Board of Directors. Board of Directors Reviewing the annual ESG report ESG GOVERNANCE ESG Governance Structure The Company has successfully integrated ESG governance into its daily operations. We have developed a three-tier ESG management structure comprising the President, TTZAB Target Owners, and ESG Owners. These individuals are responsible for the planning, coordinating and implementation of our ESG strategies and establishing the KPIs, setting targets, and tracking progress to facilitate the implementation of our ESG strategies and to achieve efficient management of the TTZAB. The annual ESG report is issued after consideration by the Board of Directors. Board of Directors Reviewing the annual ESG report Leading and overseeing the company's business, strategic direction and performance, performing corporate governance responsibilities, President and responsible for overall ESG performance Responsible for the coordination and facilitation of implementation of TTZABTTZAB Target Owners ZERO ZERO ZERO ZERO ZERO ZERO Carbon Farming Packaging Water Irresponsible Accidents Program Coordinator Footprint Footprint Waste Waste Drinking CultureVP, Corporate Director, Director, VP, Supply Chain VP, Supply Chain VP, Marketing VP, Supply ChainAffairs Procurement Procurement ESG Champion ESG Owners ESG Information Disclosure Team Responsible for the collection and statistics of ESG initiatives progress, and Responsible for the implementation of ESG initiatives completing reporting and information disclosure STAKEHOLDER ENGAGEMENT We attach great importance to effective engagement with stakeholders. By building a diversified and stable communication mechanism, we maintain smooth, efficient and close communication and interaction with all stakeholders, timely identify and actively take actions to respond to the expectations and requirements of internal and external stakeholders to continuously improve the transparency of corporate information and further enhance the trust and support from all stakeholders.Stakeholders Engagement Channels Topics of Interest Our Responses? Questionnaire surveys ? Employee benefits ? Established diverse employee engagement channels? Online and in-person activities ? Employee development and training ? Protection of employees' rights and interests STAKEHOLDER ENGAGEMENT We attach great importance to effective engagement with stakeholders. By building a diversified and stable communication mechanism, we maintain smooth, efficient and close communication and interaction with all stakeholders, timely identify and actively take actions to respond to the expectations and requirements of internal and external stakeholders to continuously improve the transparency of corporate information and further enhance the trust and support from all stakeholders.Stakeholders Engagement Channels Topics of Interest Our Responses? Questionnaire surveys ? Employee benefits ? Established diverse employee engagement channels? Online and in-person activities ? Employee development and training ? Protection of employees' rights and interests ? Periodic reports and interim announcements ? Risk management ? Held shareholder meetings ? Performance disclosure meetings ? Return on investment (ROI) ? Completed the disclosure of regular reports and interim Investors and Shareholders ? Strategy meetings held by securities firms? Corporate governance announcements ? Investors' online or in-person roadshow and anti-roadshow ? Information disclosure ? Participated in investor roadshows and other activities? Visit the breweries ? Consumer satisfaction survey ? Quality products ? Promptly responded to consumer demands ? Complaints hotline ? Diversified products Customers and Consumers ? Carried out responsible marketing ? Channels at retail stores ? Sophisticated customer service? Implemented initiatives promoting responsible drinking ? Marketing activities ? Smooth communication channels ? Feedback channels for suppliers ? Have established a complete supplier management system ? Regular communication activities ? Fair, open and just procurementSuppliers ? Implementation of responsible procurement ? Audit and assessment ? Suppliers support ? Carried out supplier training and communication activities? Information sharing ? Regular and irregular media visits ? Company's performance ? Regular communicate with media ? Timely communication of the Company's latest situation ? Sustainability performance ? Regular release of the progress in sustainable developmentMedia Outlets ? Beer tasting for the media ? Company's future development strategy ? Held beer tasting for the media? Interview with the President ? Regular visits and special reports ? Compliance with all applicable laws and regulations? Participation in the research and selection activities organized ? Compliant business operations ? Disclosure of information on our contribution to economic Government and Regulatory Agencies by the government ? Tax payments according to law development? Participation in the formulation and revision of policies and ? Driving local economic development ? Facilitation of the TTZAB program regulations ? Participation in national demonstration pilot projects? Join industry associations ? Joined industry association ? Product quality Industry Associations ? Participation in formulating industry standards ? Participation in formulating industry standard development ? Industry cooperation and development ? Participate in industry events ? Participation in industry association initiativesESG Materiality Matrix in 2024 DOUBLE ESG Materiality Matrix in 2024 DOUBLE Materiality to Chongqing Brewery topics: "climate change", "resource utilization and circular economy" and "consumers and Environmental topics Footprint OUR ACTION CUTTING CARBON FROM CROPS In the context of intensifying global warming agriculture and sustainable raw material We carry out carbon footprint assessment across Greenhouse gas emissions from the growing and Carbon Peaking and Carbon Neutrality procurement, so as to minimize the potential the full value chain, covering planting, production, and processing of raw materials account for 15% Goals proposed by the Chinese government, interference and impact of business production packaging, transportation, cooling, storage of the total value chain carbon emissions. We beer enterprises are facing the double pressure on the ecological environment. Carbon reduction and other links, and develop and implement actively respond to our goal of ZERO Farming of energy conservation and emission reduction actions for growing and processing raw materials carbon reduction actions for each link. We also Footprint, collaborate with upstream suppliers and coping with climate change. As a leader in are detailed in the "ZERO Farming Footprint" control climate change risks, and carry out in the value chain to promote sustainable the beer industry, we are committed to investing section of this Report.transformation plans and response measures to more resources in low-carbon operations address climate change and enhance the climate throughout the whole value chain to facilitate the resilience of the enterprise. sustainable transformation of the industry. We actively pursue the ZERO Carbon Footprint goal 2 Total Value Chain Carbon Emissions in 2024 and have carried out actions covering the entire REDUCING OUR PRODUCT CARBON value chain to achieve low-carbon operations FOOTPRINT from raw material planting, production, packaging, transportation and distribution, to The Company attaches great importance to cooling and storage, so as to achieve a net ZERO the carbon emission of products throughout value chain by 2040. the value chain. Under the guidance of the Group, we carry out product carbon footprint 1 assessment covering raw material planting and processing, beer production, packaging material OUR STRATEGY use, transportation and distribution, and terminal cooling and storage, and have formulated Under the leadership of the president, the VP % of total Agriculture Breweries Packaging Transportation Value chain carbon corresponding carbon footprint reduction plans. of Supply Chain is responsible for addressing Cooling 3 value chain and Processing and distribution emission intensityclimate change related issues, guiding and emissions （kg CO e/hl） 2 implementing daily practices, and regularly ZERO Carbon Footprint OUR ACTION CUTTING CARBON FROM CROPS In the context of intensifying global warming agriculture and sustainable raw material We carry out carbon footprint assessment across Greenhouse gas emissions from the growing and Carbon Peaking and Carbon Neutrality procurement, so as to minimize the potential the full value chain, covering planting, production, and processing of raw materials account for 15% Goals proposed by the Chinese government, interference and impact of business production packaging, transportation, cooling, storage of the total value chain carbon emissions. We beer enterprises are facing the double pressure on the ecological environment. Carbon reduction and other links, and develop and implement actively respond to our goal of ZERO Farming of energy conservation and emission reduction actions for growing and processing raw materials carbon reduction actions for each link. We also Footprint, collaborate with upstream suppliers and coping with climate change. As a leader in are detailed in the "ZERO Farming Footprint" control climate change risks, and carry out in the value chain to promote sustainable the beer industry, we are committed to investing section of this Report.transformation plans and response measures to more resources in low-carbon operations address climate change and enhance the climate throughout the whole value chain to facilitate the resilience of the enterprise. sustainable transformation of the industry. We actively pursue the ZERO Carbon Footprint goal 2 Total Value Chain Carbon Emissions in 2024 and have carried out actions covering the entire REDUCING OUR PRODUCT CARBON value chain to achieve low-carbon operations FOOTPRINT from raw material planting, production, packaging, transportation and distribution, to The Company attaches great importance to cooling and storage, so as to achieve a net ZERO the carbon emission of products throughout value chain by 2040. the value chain. Under the guidance of the Group, we carry out product carbon footprint 1 assessment covering raw material planting and processing, beer production, packaging material OUR STRATEGY use, transportation and distribution, and terminal cooling and storage, and have formulated Under the leadership of the president, the VP % of total Agriculture Breweries Packaging Transportation Value chain carbon corresponding carbon footprint reduction plans. of Supply Chain is responsible for addressing Cooling 3 value chain and Processing and distribution emission intensityclimate change related issues, guiding and emissions （kg CO e/hl） 2 implementing daily practices, and regularly 1 We regularly conduct product carbon footprint assessments according to the Scopes 1, 2 and 3 emissions stipulated in the Greenhouse Gas Protocol (GHG protocol) compiled by the World Resources Institute (WRI) and the World Business Council for Sustainable Development ELIMINATING BREWERY EMISSIONS Greenhouse gas emissions from breweries account 50001 energy management system certification. recovery devices to recover most of the secondary promote the boiling pot steam recycling project. for 7% of the total value chain carbon emissions. steam heat energy for the preheating of next In 2024, we achieved a reduction in thermal We optimize energy management in all breweries Traditional breweries consume the most steam in feeding wort. We have launched biogas and energy consumption per hl of beer brewing from by continuously improving production processes their brewing workshops, where the wort boiling steam and other comprehensive thermal energy 16.095 kWh in 2023 to 15.274 kWh; the carbon and updating production equipment to promote process consumes 35% to 40% of the total steam utilization projects in some of our breweries, emissions in brewing per hl of beer were reduced the use of renewable energy, improve energy consumption. We adopt low-pressure dynamic including Dali Brewery, Tiandao Brewery, Korla by 4.5% compared to 2015, indicating effective efficiency, effectively reduce carbon emissions, boiling process in our brewing workshops to Brewery in Xinjiang, Dazhulin Brewery and reduction of carbon emissions. and practice green brewing concept. Our energy significantly reduce steam consumption. We also Foshan Brewery. In 2024, Xichang Brewery added management goal is to achieve 100% green equip our production lines with secondary steam a new thermal energy recovery system to further electricity use by 2030 and to be carbon neutral in all breweries. In 2024, we achieved positive results in thermal energy recycling projects of several breweriesWe optimize the management of our workshops, equipment and personnel, and continuously Breweries Major measures and progress monitor the level of energy conservation and % 100 consumption reduction. Wusu Brewery in Xinjiang New heat energy recovery system: through process improvement, the normal pressure boiling green electricity use innovatively developed the "red and yellow tags" process is replaced by low pressure dynamic boiling to achieve secondary steam heat recovery and preheating, and the heat consumption is expected to be reduced to 2.08 kWh/hlscoring system, and equipped the inspection Xichang Brewery workers in the production workshop with red Electric boiler project: the electric boiler engineering research, preliminary design and preparation and yellow tags, with red representing safety for a new electric boiler with supporting boiler room have been completed, and the project is A total consumption of expected to be completed in 2025 hazards and yellow representing abnormal ELIMINATING BREWERY EMISSIONS Greenhouse gas emissions from breweries account 50001 energy management system certification. recovery devices to recover most of the secondary promote the boiling pot steam recycling project. for 7% of the total value chain carbon emissions. steam heat energy for the preheating of next In 2024, we achieved a reduction in thermal We optimize energy management in all breweries Traditional breweries consume the most steam in feeding wort. We have launched biogas and energy consumption per hl of beer brewing from by continuously improving production processes their brewing workshops, where the wort boiling steam and other comprehensive thermal energy 16.095 kWh in 2023 to 15.274 kWh; the carbon and updating production equipment to promote process consumes 35% to 40% of the total steam utilization projects in some of our breweries, emissions in brewing per hl of beer were reduced the use of renewable energy, improve energy consumption. We adopt low-pressure dynamic including Dali Brewery, Tiandao Brewery, Korla by 4.5% compared to 2015, indicating effective efficiency, effectively reduce carbon emissions, boiling process in our brewing workshops to Brewery in Xinjiang, Dazhulin Brewery and reduction of carbon emissions. and practice green brewing concept. Our energy significantly reduce steam consumption. We also Foshan Brewery. In 2024, Xichang Brewery added management goal is to achieve 100% green equip our production lines with secondary steam a new thermal energy recovery system to further electricity use by 2030 and to be carbon neutral in all breweries. In 2024, we achieved positive results in thermal energy recycling projects of several breweriesWe optimize the management of our workshops, equipment and personnel, and continuously Breweries Major measures and progress monitor the level of energy conservation and % 100 consumption reduction. Wusu Brewery in Xinjiang New heat energy recovery system: through process improvement, the normal pressure boiling green electricity use innovatively developed the "red and yellow tags" process is replaced by low pressure dynamic boiling to achieve secondary steam heat recovery and preheating, and the heat consumption is expected to be reduced to 2.08 kWh/hlscoring system, and equipped the inspection Xichang Brewery workers in the production workshop with red Electric boiler project: the electric boiler engineering research, preliminary design and preparation and yellow tags, with red representing safety for a new electric boiler with supporting boiler room have been completed, and the project is A total consumption of expected to be completed in 2025 hazards and yellow representing abnormal Comprehensive heat energy utilization project: after cooling system transformation, condensate also be rewarded accordingly. We also improve recovery tank transformation, and heat energy transmission design transformation, the heat the level of automation and intelligence in our energy from wort cooling process, the secondary steam heat energy from wort boiling process breweries. The Wusu beer production line of resulting in a carbon emission and the high temperature condensate water from production process are collected for wort Tianmuhu Brewery Korla Brewery can efficiently produce 24,000 preheating, heating of packaging sterilization machine, etc., so as to effectively reduce heat reduction of energy consumption and refrigeration power consumption. The annual packaging heat energy cans of beer per hour, with only five operators consumption was 6.45 kWh/hl, down 0.8 kWh/hl from the same period in 2023, saving about assigned to ensure the smooth operation of 90,687.64t 2,088 tons of steam production efficiency and green concept. In 2024, 3.94 million trees, We are increasing investment in the use of renewable energy, optimizing the energy mix, and installing Korla Brewery and Wusu Brewery won the title or 33,300 cars off photovoltaic equipment. At present, we have achieved 100% green electricity use, with a total green of "Xinjiang Autonomous Region Green Plants", MOVING TO LOWER-CARBON Heat Energy Consumption in 2024 PACKAGING since 2021 to purchase new refrigerators using Packaging materials are responsible for Indicators Unit 2024 environmentally friendly refrigerants. By approximately 63% of beer product's carbon implementing hydrofluorocarbon HFC-free footprint, representing the largest source of Heat energy from natural gas MWh 373,077.18 refrigerants and energy-saving fridges, we can carbon emissions throughout the value chain. To MOVING TO LOWER-CARBON Heat Energy Consumption in 2024 PACKAGING since 2021 to purchase new refrigerators using Packaging materials are responsible for Indicators Unit 2024 environmentally friendly refrigerants. By approximately 63% of beer product's carbon implementing hydrofluorocarbon HFC-free footprint, representing the largest source of Heat energy from natural gas MWh 373,077.18 refrigerants and energy-saving fridges, we can carbon emissions throughout the value chain. To attention to the energy consumption level of Heat from district heating facilities actions in the use of packaging materials. For each brand model, and prioritize the procurement MWh 75,208.69 more information, please refer to the "ZERO of more efficient fridge models to reduce the (with standard heating systems) energy consumption per unit product. In addition, we have optimized existing fridges this year to Total consumption of power MWh 169,004.17 MAKING OUR LOGISTICS SMARTER energy management system for the collection, Transporting and distributing products between Total thermal energy consumption MWh 449,263.67 analysis, control and optimization of the fridges breweries, warehouses, bars, restaurants and transmission system performance and the retailers in beer brewing process accounts for reasonable planning and use of energy. In 2024, Percentage of renewable electricity % 100 9% of beer product's carbon footprint. To reduce we purchased approximately 11,853 energy- saving fridges. products, the Company continues to promote Direct energy consumption MWh 376,639.63 the electrification of our fleets, and replace traditional lead-acid batteries with more We purchased about environmentally friendly lithium-ion batteries. Indirect energy consumption MWh 241,628.21 trucks increased from 79% to 82%. We also 11,853 Comprehensive energy consumption MWh 618,267.84 provide training to enhance the energy-saving awareness of suppliers, and actively encourage the energy-saving fridge project logistics suppliers to improve the energy-saving Comprehensive energy consumption intensity MWh/RMB 10,000 in revenue 0.42performance of logistics transportation. Using HFC-free refrigerants CUTTING IMPACTS FROM COOLING and energy-saving fridges can reduce final energy In beer brewing process, carbon emissions consumption by from beer cooling account for about 7% of beer product's carbon footprint, representing the third largest source of carbon emissions % 10 across the value chain. We actively promote the Group's philosophy that "all newly purchased CUTTING DAILY OPERATING EMISSIONS The Company attaches great importance to emissions by about 604 tons. innovatively established a monthly performance 2024, on the 53rd World Environment Day, Wusu the awareness about energy conservation and reward mechanism to encourage all employees also held the "Run for Love · All Employees to emission reduction in operation and carbon We are also committed to forming a culture to actively participate in environmental protection Reduce Carbon" event, encouraging all employees reduction actions. To reduce carbon emissions that all employees participate in low-carbon innovation, collect all kinds of environmental to actively participate in carbon reduction actions from employees' commutes, we prioritize working operations. The "Value Your Idea" program protection ideas and implement them, effectively and advocate a simple, moderate, green and low- with passenger service providers with lower collects their potentially achievable proposals reducing the Company's energy consumption, carbon lifestyle. carbon emissions. In 2024, the Company had 11 for carbon reduction, and offers bonuses and and enhancing employees' awareness of energy new energy buses, effectively reducing carbon commendations to winners. Our Wusu beer conservation and emission reduction. On June 5, GREEN LOGISTICS PROJECT OFFICIALLY LAUNCHED Case 5 Greenhouse Gas Emissions in 2024 In 2024, the Company officially launched the green logistics and transportation project, with the first 13 Indicators Unit 2024 new energy electric vehicles put into use, reducing carbon by 421 tons, marking an important step in the CUTTING DAILY OPERATING EMISSIONS The Company attaches great importance to emissions by about 604 tons. innovatively established a monthly performance 2024, on the 53rd World Environment Day, Wusu the awareness about energy conservation and reward mechanism to encourage all employees also held the "Run for Love · All Employees to emission reduction in operation and carbon We are also committed to forming a culture to actively participate in environmental protection Reduce Carbon" event, encouraging all employees reduction actions. To reduce carbon emissions that all employees participate in low-carbon innovation, collect all kinds of environmental to actively participate in carbon reduction actions from employees' commutes, we prioritize working operations. The "Value Your Idea" program protection ideas and implement them, effectively and advocate a simple, moderate, green and low- with passenger service providers with lower collects their potentially achievable proposals reducing the Company's energy consumption, carbon lifestyle. carbon emissions. In 2024, the Company had 11 for carbon reduction, and offers bonuses and and enhancing employees' awareness of energy new energy buses, effectively reducing carbon commendations to winners. Our Wusu beer conservation and emission reduction. On June 5, GREEN LOGISTICS PROJECT OFFICIALLY LAUNCHED Case 5 Greenhouse Gas Emissions in 2024 In 2024, the Company officially launched the green logistics and transportation project, with the first 13 Indicators Unit 2024 new energy electric vehicles put into use, reducing carbon by 421 tons, marking an important step in the CO emissions from the use of biogas produced 2 Featuring zero emissions, low noise and high efficiency, new energy electric vehicles not only effectively tCO e 0.22 2 by sewage plants CO emissions from district heating facilities 2 for the community and employees. Their efficient power and low operating costs also significantly tCO e 22,111.35 2 (with standard heating systems) TACKLING CLIMATE INDICATORS AND TARGETS CHANGE STRATEGY The Company is fully aware of the seriousness "Tackling climate change" is one of our core risk types, we have put forward corresponding The Company discloses the progress of the of climate change and the urgency of addressing ESG topics. We are actively advancing the ESG transformation plans and countermeasures, with TTZAB program and KPIs on an annual basis. it. We actively identify and analyze climate- program of Together Towards ZERO and Beyond, relevant resources arranged, including financial, change risks by building a climate management committing to the goal of net ZERO value human and technical support, to ensure the For specific indicators and targets, please refer system from four dimensions of governance, chain by 2040. For a detailed description of the promotion and monitoring of such plans, and to "ZERO Carbon Footprint: OUR TARGETS & strategy, risk management, indicators and climate-related strategy, please refer to the "ESG track annual progress to continuously enhance PROGRESS", "ZERO Farming Footprint: OUR targets to identify climate-related risks, take the PROGRAM" section of this Report. our climate resilience. TARGETS & PROGRESS", "ZERO Packaging initiative to formulate countermeasures to reduce Waste: OUR TARGETS & PROGRESS", "ZERO the potential impact of climate change on our Water Waste: OUR TARGETS & PROGRESS" RISK MANAGEMENT business and enhance our climate resilience. sections of this Report.We identified the climate-related risks, systematically sorted out the physical and transition risks at the level of industry and GOVERNANCE company operation based on the characteristics of the industry and business, and clarified the The Company is committed to improving its list of climate change risks, including 2 physical climate risk management capacity, and has risks and 4 transition risks. We also evaluated developed a three-tier ESG management the impact of these risks and opportunities on structure comprising the CEO, TTZAB Target the Company's strategy, business model, etc., in Owners, and ESG Owners to carry out climate the short, medium and long term. For different risk identification, assessment and prevention and control decisions. The CEO is responsible for the leadership and decision-making of the ESG strategic direction of the Company, which includes issues such as tackling climate change. The VP of Supply Chain empowers ESG Owners to implement daily ESG practices, report on ESG progress, including climate-related risk identification and mitigation, and promptly review for improvement. Climate Change Risk Identification and Response（未完）  |