Anheuser-Busch InBev, a producer of popular beers such as Corona, Stella Artoise and Beck’s, has announced that it will secure 100 per cent of its purchased energy from renewable sources by 2025. This is expected to reduce its operational carbon footprint by 30 per cent and boost renewable production in markets where it operates.
Anheuser-Busch InBev is the world’s largest beer company with well over 500 brands. With its new commitment to secure 100 per cent of its purchased electricity from renewable sources by 2025, the company is also now on its way to becoming the largest corporate direct purchaser of renewable electricity in the global consumer goods sector.
“Cutting back on fossil fuels is good for the environment and good for business,” said AB InBev CEO Carlos Brito. “We have the opportunity to play a leading role in the battle against climate change by purchasing energy in a more sustainable way.”
AB InBev’s electricity revolution is already underway in Mexico, which also happens to be home to its largest brewery. The company has already signed a power purchase agreement with the Spanish energy company Iberdrola for 490 gigawatt-hours per year from renewable sources. The agreement is expected to increase Mexico’s wind and solar energy capacity by more than 5 per cent.
According to AB InBev estimates, its renewable energy commitment is expected to shift 6 terawatt-hours of electricity annually to renewable sources in the markets where AB InBev operates. This has the potential to transform the energy industry in countries like Argentina, Brazil and India, and markets across the African continent.
According to AB InBev, the move towards 100 per cent renewable electricity will reduce its operational carbon footprint by 30 per cent, which is equivalent to removing some 500,000 cars from the road.
The company has also joined RE100, a global initiative of influential businesses that are all committed to using 100 per cent renewable electricity.
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