BOSTON, Aug. 1, 2023
/PRNewswire/ -- The Boston Beer Company, (NYSE: SAM), maker of
iconic, high-quality brands such as Samuel Adams, Truly Hard
Seltzer, Twisted Tea, Dogfish Head and Angry Orchard, today
released its 2022 Environmental, Social, and Governance (ESG)
Report.
"This year was one of increasing momentum for The Boston Beer
Company," said Jill Westra, senior
manager of sustainability, The Boston Beer Company. "We made
important progress towards formalizing our corporate sustainability
strategy and priorities, including leveraging the results of our
materiality assessment and the expertise of our newly formed
Executive Sustainability Committee to establish new Cornerstones of
Priority. This work will guide our ESG efforts on topics most
important to our business and stakeholders in the years to come as
we build upon the progress made in 2022 towards improving our
company, protecting our planet, investing in our coworkers and
contributing to our communities."
Some of the key highlights of Boston Beer's 2022 ESG Report are
as follows:
Our Company and Governance
- Created an Executive Sustainability Committee composed of
executive and senior leaders from across Boston Beer.
- Established ESG "Cornerstones of Priority" to help shape how we
direct our resources and energy on our sustainability journey in
the years to come.
- Developed a supplier code of conduct that formalizes our
expectations of business partners.
- Expanded our disclosures to report in accordance with GRI and
SASB and began aligning our report with the recommendations of the
Task Force on Climate-Related Financial Disclosures (TCFD).
Our Communities
- Spent more than $3 million on
social impact programs across our brands.
- More than 700 coworkers volunteered across 36 community service
days.
- Hosted events to connect our drinkers with local businesses,
including our first Brewing the American Dream Beer Bash in
New York City.
Our Planet
- Calculated our Scope 1 and 2 emissions for the first time.
- Revised product palletizing and warehouse standards to help
reduce product damage rate by 30% compared to 2021 and minimize
returns and waste.
- Saved 212,000 kilowatt-hours (kWh) of energy at our
Pennsylvania brewery by replacing
approximately 3,500 fluorescent light fixtures with
energy-efficient LEDs.
- Celebrated Earth Month with coworker volunteer opportunities
and our first-ever innovation tournament and sustainability
film fest.
Our People
- Achieved 21% increase in hiring racially/ethnically diverse
candidates compared to 2021.
- Logged 71,900 hours of coworker training and involved a
record-high number of coworkers.
- Created the Value Four Council, a leadership council aimed at
developing and amplifying DE&I initiatives.
- Implemented a digital safety observation system and new health
and safety policies and procedures that helped reduce our recorded
work-related injury rate from 1.59% to 1.21% year over year.
About The Boston Beer Company
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984
brewing Samuel Adams beer and the Samuel Adams brand is currently
recognized as one of the largest and most respected craft beer
brands. Our portfolio of brands also includes Truly Hard
Seltzer, Twisted Tea, Angry Orchard Hard Cider, Dogfish Head
Brewery, Hard Mountain Dew and other craft beer brands such
as Angel City Brewery and Coney Island Brewing. For more
information, please visit our investor relations website
at www.bostonbeer.com, which includes links to our respective
brand websites.
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SOURCE The Boston Beer Company, Inc.