·In China, nine breweries have installed solar panels for the on-site generation of renewable electricity. The solar panels installed in the nine breweries generated a total 31.7 million kWh of electricity in 2022. Kunming, Jinzhou, Foshan and Ziyang breweries are now 100% powered by electricity from renewable sources and therefore achieved RE100.

·In South Korea, three breweries are contracted to implement solar panels for the on-site generation of renewable electricity, with one brewery started installation in 2022. All of the forklifts used in our breweries are powered by electricity instead of diesel.

·In India, five breweries in India have in installed solar panels for the on-site generation of renewable electricity. The solar panels installed in the five breweries generated a total 11.6 million kWh of electricity in 2022.

·In Vietnam, two breweries have installed on-site solar panels for the on-site generation of renewable electricity. The solar panels installed in the two breweries generated in total 1.3 million kWh of electricity in 2022.

Packaging Materials
·Packaging is accountable for a significant proportion (49.26%) of our overall GHG emissions. and there fore we must establish strategies to reduce carbon emissions. We accomplish this, in part, through lightweighting (re ducing weight of our bottles and cans), adopting returnable packaging, and sourcing packaging material made from the majority recycled content.
·We also use social media marketing campaigns and product labelling to educate our consumers about the importance of recycling, and look for more ways to support packaging recycling. Aiming to cultivate Corona to be the first plastic neutral beer (more plastic is recovered from the environment than produced), we recycled over 155 tons of plastic waste from the ocean in 2022.

Product Cooling
·We install energy-efficient and eco-friendly chillers, coolers and refrigerants to reduce GHG emissions in our Points of Connection (POC). In 2022, we have replaced many existing chillers and coolers with energy-efficient models. All the cooling agents used are eco-friendly and all of our purchased fridges are certified Class I energy efficiency or above.

Agriculture

·We work closely with our farmers to support sustainable farming practices through crop management, improved varieties and risk mitigation tools, whilst one of our supplier is also exploring carbon sequestration as a method to offset residual carbon emission for achieving net zero.
·We are building a soil health framework to promote carbon sequestration through healthy soils and plantations. We are using both our internal experts and our global partners to enhance our approach to soil regeneration in our agricultural development program. We joined the Climate Change Agriculture & Food Industry Partnership (CCAFIP) this year as an industry leader on climate action.

Operations
·We have implemented various measures to improve energy efficiency and reduce carbon emissions in our production and operations. We have replaced coal boilers with natural gas boilers, installed LED lighting and installed biogas collection system to recover a biogas to produce steam that would be reused in the brewing process.The absolute carbon emissions of our operations reduced 45.9% compared to our 2017 baseline, achieving a 35% reduction goal four years ahead of schedule.
·Educating our suppliers on our 2025 Sustainability Goals and encouraging them to implement low-carbon production is one of our priorities. For example,in 2023, we plan to engage 20 suppliers and 53 sites to help them develop a site-specific carbon footprint map, which will cover 50% of the spending for barley and packaging (primary and secondary packaging), covering 32% of the carbon emission footprint within our entire value chain.

Logistics
·Our carbon reduction mission is extended to our logistics partners, including upstream and downstream distribution, which represented around 4.4% of our GHG emissions in APAC in 2022. As part of our commitment to reduce our greenhouse gas emissions across our value chain by 25% per hectoliter by 2025 (from a 2017 baseline), we are reducing our emissions from logistics and transport through initiatives such as route optimization and the use of alternative fuel vehicles, which we have piloted across all our zones. As part of the strategic plan for our 2025 climate action targets, we estimate that by 2025 we will save over 1,800,000 tons of greenhouse gas emissions across our value chain (Scope 1, 2 and 3) compared to the 2017 baseline.