Amsterdam, 19 February 2018 - Heineken N.V. today published its combined financial and sustainability Annual Report 2017. HEINEKEN firmly believes in integrating sustainability in its business, therefore the company's sustainability strategy 'Brewing a Better World' is one of its four business priorities.
HEINEKEN's financial highlights have been reported in its 2017 Full-Year results media release published on 12 February 2018, which can be downloaded from the company website.
Together with the 2017 Full-Year results, HEINEKEN announced its 'Drop the C' programme for renewable energy. The company aims to grow its share of renewable thermal energy and electricity in production from the current level of 14% to 70% by 2030. To drive a real change towards renewable energy the brewer will not purchase unbundled certificates to meet its reduction targets. Beyond production, in the next two years new science based reduction targets will be set for distribution, cooling and, for the first time, packaging.
HEINEKEN's 2017 sustainability highlights include the following:
HEINEKEN has surpassed its 2020 target for CO2 emissions in production by reaching 6.1 kg CO2 e/hl, down from 6.5 kg CO2 e/hl in 2016 (a 41% decline since 2008). Emissions decreased in absolute terms as well: even though production volumes were 57% higher in 2017 than in 2008, emissions were 7% lower.
Average water consumption in water-stressed areas decreased to 3.2 litres of water per litre of beer (2014: 3.8). Global average water consumption remained stable compared to last year, and decreased 29% compared to 2008, the baseline year for the 2020 commitments.
28% of main raw materials came from sustainable sources (2016: 17%) with 42% of our agricultural raw materials used in Africa and the Middle East sourced locally. However, there is more to be done in sourcing agricultural raw materials used in Africa after challenging economic conditions impacted the ability to source locally within the continent.
10% of total Heineken® media spend was dedicated to responsible consumption campaigns, in more than 70% of operating companies in scope.
The full Heineken N.V. 2017 Annual Report can be accessed and downloaded from the company website www.theHEINEKENcompany.com.
Investor and analyst enquiries
Federico Castillo Martinez
Chris MacDonald / Aris Hernández
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and speciality beers and ciders. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management.
Through "Brewing a Better World", sustainability is embedded in the business and delivers value for all stakeholders. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets.
We employ over 80,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is available on HEINEKEN's website: www.theHEINEKENcompany.com and follow us on Twitter via @HEINEKENCorp.
This press release contains forward-looking statements with regard to the financial position and results of HEINEKEN's activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond HEINEKEN's ability to control or estimate precisely, such as future market and economic conditions, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN's publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.