Boston Beer Company Releases Inaugural ESG Report

BOSTON, Nov. 18, 2022 /PRNewswire/ — The Boston Beer Firm, (NYSE: SAM), maker of iconic, high-quality manufacturers similar to Samuel Adams, Actually Onerous Seltzer, Twisted Tea, Dogfish Head and Offended Orchard, at this time launched its inaugural Environmental, Social, and Governance (ESG) Report.

“Whereas we’re simply beginning our journey, we have lengthy believed it is necessary to supply correct and clear reporting on the affect our firm has on our folks, our planet and our communities,” stated Jill Westra, senior supervisor of sustainability, Boston Beer Firm. “In 2021 we kicked off the method of building a strong baseline that can present necessary data-driven context that can assist us proceed to enhance over the long run.”

A number of the key highlights of the Boston Beer Firm’s 2021 ESG Report, Setting the Course for the Future, are outlined under.

Our Firm and Governance

• Boston Beer is additional integrating ESG into its governance constructions by the creation of an Government Sustainability Committee, a brand new Senior Supervisor of Sustainability place and a coworker-based Sustainability Community Group.
• The corporate carried out a complete materiality evaluation to slim down the huge universe of ESG and focus its efforts on subjects thought of most materials, or extremely necessary, to its enterprise and stakeholders.

Our Planet

• Boston Beer has developed a extra standardized strategy for amassing and managing its manufacturing breweries’ utility information, which signifies the way it consumes power and water.
• The corporate acknowledges that it believes local weather change is actual and is committing to future motion, with 2021 because the 12 months it set the course for the longer term.
• The Dogfish Head model created the corporate’s first traceably sourced beer, Dogfish Head Re-Gen-Ale, which addresses local weather change by agriculture utilizing Indigo Carbon, a program that gives growers with a monetary incentive to retailer carbon of their soil.

Our Individuals

• Persevering with its deal with coworker coaching, Boston Beer achieved a mean of 16 hours of coworker time on studying and improvement – for a complete of roughly 43,600 hours – which helped it promote greater than 430 coworkers in 2021.
• The corporate established a DE&I baseline and applied applications that create consciousness and accountability throughout the corporate.
• In its first 12 months taking part, Boston Beer scored 70% on the HRC Company Equality Index in 2021.
• Coworkers gave Boston Beer excessive scores on questions associated to pleasure in working for the corporate; believing in Boston Beer’s values; concern for coworker security, private wellbeing and variety; confidence in the way forward for Boston Beer; and pleasure in its dealing with of the COVID-19 pandemic.

Our Communities

• The corporate launched Boston Beer Volunteers! to supply coworkers with alternatives to interact with native nonprofits within the communities the place it operates.
• The corporate contributed over $2.34 million to help applications together with Samuel Adams Brewing the American Dream (BTAD) and Dogfish Head’s Beer & Benevolence program.

Concerning the Firm

The Boston Beer Firm, Inc. (NYSE: SAM) started in 1984 brewing Samuel Adams beer and the Samuel Adams model is at the moment acknowledged as one of many largest and most revered craft beer manufacturers. Our portfolio of manufacturers additionally consists of Actually Onerous Seltzer, Twisted Tea, Offended Orchard Onerous Cider, Dogfish Head Brewery, Onerous Mountain Dew and Sauza Agave Cocktails in addition to different craft beer manufacturers similar to Angel Metropolis Brewery and Coney Island Brewing. For extra info, please go to our investor relations web site at www.bostonbeer.com, which incorporates hyperlinks to our respective model web sites.

SOURCE The Boston Beer Firm, Inc.