Tokyo, Japan (December 15, 2021) — Suntory Holdings today announced that it has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change. The company’s non-alcoholic beverage and food business segment, Suntory Beverage & Food Limited, has also received CDP A List for Water Security for the sixth consecutive year.
CDP’s annual environmental disclosure and scoring process is widely recognized as the global standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 13,000 companies responded.
In order to achieve net zero greenhouse gas (GHG) emissions across the entire value chain by 2050, the Suntory Group has set a goal to halve GHG emission in its direct operations*1 and reduce by 30% across the entire value chain*1 by 2030. Its 2030 targets have been certified by the Science Based Targets initiative (SBTi) as consistent with the 1.5 degrees Celsius trajectory.
In addition to the on-going energy conservation efforts, Suntory Group was recognized for its actions in actively introducing renewable energy, the opening of its first carbon neutral plant in Japan, the Suntory Tennensui Kita-Alps Shinano no Mori Plant, in May 2021, and working closely with its suppliers to reduce carbon emissions including through the joint development of “Flake to Preform Direct Recycling Technology” for its PET bottles.
In order to meet its 2030 GHG reduction emissions target, the company is aiming to achieve 100% renewable electricity in the group’s 63 directly-owned manufacturing sites and R&D facilities in Japan, the Americas and Europe by 2022*2, as well as introducing internal carbon pricing and investing a total of approximately 900 million USD*3 by 2030 to switch to low carbon alternatives.
With a mission to create harmony with people and nature, Suntory Group will accelerate its efforts to decarbonize its business globally and contribute to a creating a sustainable society.
*1 Total reduction versus 2019 baseline
*2 For its alcohol and non-alcohol beverage business
*3 Exchange rate 1 USD = 110 JPY as of June 2021
About Suntory Holdings
As a global leader in the beverage industry, Suntory Holdings offers a uniquely diverse portfolio of products from premium spirits, beer and wine to brewed teas, bottled water, carbonated soft drinks, ready-to-drink coffee and energy drinks, along with health and wellness products. Suntory is home to award-winning Japanese whiskies Yamazaki, Hibiki and Hakushu as well as iconic American spirits Jim Beam and Maker's Mark. Suntory also fascinates the taste buds in Japan and the Asian market with our Premium Malt's beer and also owns the exceptional Japanese wine Tomi and the world famous Château Lagrange. Its brand collection also includes Sauza Tequila, non-alcoholic favorites Orangina, Lucozade, Ribena, BOSS coffee, Iyemon green tea, Suntory Tennensui water, TEA+ Oolong Tea, V and BRAND’S, as well as popular health and wellness product Sesamin EX.
Founded as a family-owned business in 1899 in Osaka, Japan, Suntory Group has grown into a global company operating throughout the Americas, Europe, Africa, Asia and Oceania with an annual revenue (excluding excise taxes) of $20.4 billion in 2020. Suntory is driven by Yatte Minahare - the spirit of bold ambition - and our 40,044 employees worldwide draw upon our unique blend of Japanese artisanship and global tastes to explore new product categories and markets.
As a company that delivers blessings of water and nature to our customers, Suntory is committed to its mission to create harmony with people and nature. Always aspiring to grow for good, Suntory is devoted to giving back to society through protecting water resources, nurturing its communities and fostering the arts.