Advertise with fastmoving.co.za
 
 

AB InBev bets on renewables for future energy
AB InBev bets on renewables for future energy

AB InBev bets on renewables for future energy

LIQUOR NEWS

By Ann Crotty - Mar 29th, 09:19

The move will make the beer group the largest corporate direct purchaser of renewable energy in the global consumer goods sector 

Anheuser-Busch InBev (AB InBev), the largest beer group in the world, has committed itself to secure 100% of its purchased electricity from renewable sources within eight years. On Tuesday the group, which controls about one-third of the global beer market, said the commitment will shift 6 terawatt-hours of electricity annually to renewable sources in the markets where AB InBev is operating.

The move will make the beer group the largest corporate direct purchaser of renewable energy in the global consumer goods sector. It will have the same effect as removing 500,000 cars from the roads.

"Climate change has profound implications for our company and for the communities where we work," said AB InBev CEO Carlos Brito.

"Cutting back on fossil fuels is good for the environment and good for business and we are committed to helping drive positive change."

AB InBev’s plan is to secure 75%-85% of electricity through direct power purchasing agreements. The remaining 15%-25% will come mainly from onsite technologies such as solar panels. At this stage, there appears to be no major renewable plans for SA.

Through Belgian beer brand Stella Artois the group is also driving a water-related conservation programme with Water. org, founded by US actor Matt Damon. The partnership aims to help bring clean water to more than 3.5-million people in the developing world.© BusinessLIVE MMXVII 

Read more about: renewable energy | ab inbev

Related News

SAB introduces alcohol-free beer
07/11/2017 - 16:49
The South African Breweries (SAB) and AB InBev Africa are giving consumers more choice and a smarter drinking option with the introduction of the first alcohol-free beer to be brewed in South Africa. Castle Free, an extension of Castle Lager, offers consumers a real beer taste without the alcohol.

AB InBev sells less beer but at higher prices
26/10/2017 - 09:15
Raising beer prices helped Anheuser-Busch InBev grow its South African revenue 3.9% in the September quarter, despite the volume it sold falling 2.5%.

Coca-Cola SA stays in touch with changing tastes and preferences
20/10/2017 - 14:36
Coca-Cola in South Africa, in line with its global long-term business strategy, is evolving to become a total beverage company that can be even more responsive to people’s changing tastes and needs.

SAB and AB InBev mark one-year anniversary of business combination
12/10/2017 - 10:53
The South African Breweries (SAB) and AB Inbev today mark one year since the two global brewers combined their businesses.

AB InBev completes $3.15 billion Coca-Cola Africa transition
06/10/2017 - 11:17
The world's largest brewer, Anheuser-Busch InBev (AB InBev) on Thursday announced that it has completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for U.S.$3.15 billion after customary adjustments.