Molson Coors Brewing Co Class B.
TAP.US | Manufacture of malt liquors and malt
Molson Coors Brewing Company is a multinational brewing company that produces, markets, and sells a variety of beer and other beverage products. The company's brand portfolio includes well-known names such as Coors Light, Molson Canadian, Miller Lite, and Blue Moon. Molson Coors operates breweries a...Show More
Better Health for All
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Molson Coors' principal goods, alcoholic beverages, have negative health consequences. However, the company is expanding its portfolio to include low- and no-alcohol options
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, with non-alcoholic beer drinkers rising to 5.2% of US adults in 2023
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, and aims to offer these options in all operational countries by 2025
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. The company faced claims in 2021 from consumer groups regarding misleading advertising for Vizzy Hard Seltzer's health benefits
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. Molson Coors acknowledges significant health-harming externalities, such as drunk driving
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, and implements substantial remediation efforts, including a Free Rides program that has provided over 6.2 million rides in 27 communities since 2017
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. During public health emergencies, Molson Coors has demonstrated a comprehensive response, donating nearly 500,000 cans of water in 2024 for natural disasters
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, providing a £10,000 grant for flood victims in Pakistan
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, and during COVID-19, donating $1 million to bartenders
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and producing hand sanitizer for healthcare
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. For its employees, Molson Coors offers comprehensive mental health programs, including a specialized wellbeing team
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, over 250 wellbeing allies
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, and onsite mental health services
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, earning a Gold award in Mind’s Workplace Wellbeing Awards
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. The company also engages in substantial health education, including mandatory employee training on alcohol responsibility
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, public education on drunk driving prevention
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, and community health education through the Cobra Foundation and the #LiveResponsibly campaign addressing addiction and mental health
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. Molson Coors implements substantial addiction mitigation efforts, such as discouraging harmful drinking
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and aiming for a 10% reduction in harmful use of alcohol by 2025
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.
Fair Money & Economic Opportunity
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Molson Coors is a brewing company and does not offer lending, deposit, or other consumer financial services. Consequently, KPIs related to underserved client share, pricing fairness, exploitative fee exposure, data accessibility, fair lending compliance, wealth building outcomes, debt burden ratio, geographic inclusion, and product simplicity are not applicable. While the company has provided financial grants to small businesses, such as $1.7 million through the Urban Entrepreneurs Series since 1999, and makes community impact investments, the specific metric of 'share of loan/insurance book' required by the inclusion initiatives KPI cannot be calculated.
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The profit reinvestment KPI is omitted as the company's pre-tax profit is not provided, preventing calculation of the required percentage. Similarly, financial literacy programs are offered to employees, but the KPI is measured by reach to customers, which is not provided.
Fair Pay & Worker Respect
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Molson Coors experienced significant labor disputes in 2024. Approximately 420 Teamsters Local 997 workers at its Fort Worth brewery went on strike from February to May 2024, demanding better pay and the elimination of two-tiered health care and retirement benefits.
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During the strike, the company offered a minimal wage increase and utilized temporary workers at $25.98 per hour plus a $200 weekly attendance bonus.
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The strike concluded with a new three-year contract that included wage increases and improved benefits.
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Additionally, in October 2024, workers represented by the International Association of Machinists and Aerospace Workers Local 66 and 510 at the Milwaukee brewery ratified a new contract after a week-long strike, which included improved wages and protection of work-life balance.
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In terms of safety, Molson Coors' Power Montana Barley Elevator and a Beverage Container Manufacturing Facility received 'Star site' recognition from OSHA in 2022 for workplace safety and health excellence.
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,
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The company also earned a top score in the Human Rights Campaign Foundation’s 2022 Corporate Equality Index for LGBTQ+ workplace equality.
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Fair Trade & Ethical Sourcing
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Molson Coors has invested over $20 million in its 'Better Barley, Better Beer' program to help barley growers adopt sustainable practices, including installing weather stations and developing water-efficient barley cultivars.
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The company collaborates with Sedex to enhance ESG reporting and supplier engagement, assessing suppliers in areas like labor standards, health and safety, and business ethics to identify risks.
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In 2013, Molson Coors achieved 100% acknowledgment of its Supplier Standards from high-risk suppliers
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and introduced standardized public reporting through its Sedex partnership to enhance supply chain transparency.
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The company also actively seeks to diversify its supply chain, increasing its annual diversity spend by over 40% from 2009 to 2013.
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However, the provided articles do not contain specific, quantifiable data points required by the rubric's KPIs, such as the percentage of fair-trade certified spend, average audit frequency, number of forced or child labor incidents, percentage of traceable suppliers, median remediation speed, percentage of contracts with enforceable ethical clauses, or the percentage of the total procurement budget directed to diverse suppliers.
Honest & Fair Business
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Molson Coors has reported no ethics-related regulatory fines in the past three years, with no material incidents of non-compliance resulting in fines in 2021, and no specific fines mentioned in more recent filings.
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The company also indicates no financial restatements in its recent filings, covering a period of more than five years.
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Molson Coors maintains a comprehensive anti-corruption policy with zero tolerance for bribery and corruption.
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This policy includes dedicated training for employees, compliance due diligence for business partners, an online Gifts and Entertainment Register for pre-approval, and monitoring through internal and external audits.
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Furthermore, the company has a comprehensive whistleblower policy, providing a 24-hour Ethics and Compliance helpline administered by a third-party, which allows for confidential and anonymous reporting.
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The company policy explicitly prohibits any retaliation against individuals who raise concerns in good faith, and employees receive regular training on the Code of Business Conduct.
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Kind to Animals
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Molson Coors has established a public policy banning animal testing unless explicitly required by law.
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This policy was developed in collaboration with PETA.
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The company states it does not conduct animal testing on its products.
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Additionally, Molson Coors offers vegan-friendly beverages, including Coors and Coors Light, where the brewing process and packaging do not involve animal by-products.
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No War, No Weapons
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Molson Coors Brewing Company's core business is the production and distribution of beer and other beverage products. There is no evidence of any involvement in arms manufacturing, military contracts, or dual-use technologies. The company supports a veterans group that organizes events for community cohesion and peace
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, and made an equity investment in TRU Colors Brewery, a social impact company focused on ending street violence
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. However, the proportion of revenue allocated to these peacebuilding initiatives is not disclosed.
Planet-Friendly Business
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Molson Coors achieved a 99.88% waste diversion rate from landfill across its 24 largest facilities in 2023.
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For FY2024, the company reported total Scope 1, 2, and 3 greenhouse gas emissions of 4,573,247 tCO2e, representing a 3.9% annual decline from 2023.
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Its 2025 emission reduction targets were validated by the Science Based Targets initiative (SBTi) in 2019 to a 1.5°C pathway, and its 2030 near-term and 2050 long-term net-zero targets were validated by SBTi in November 2023.
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In FY2024, 32% of the company's total electricity is covered by contractual instruments conveying a zero emissions rate.
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Molson Coors is aligned with Task Force on Climate-related Financial Disclosures (TCFD) recommendations and conducted a review of climate-related scenarios in 2022.
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The company provides minimal disclosure of climate asset risks, with generic statements about chronic physical risks like drought causing stranded assets.
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Respect for Cultures & Communities
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Molson Coors has established 33 formal partnerships with groups having diverse, grassroots impacts.
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Historically, the Coors Brewing Company faced criticism for discriminatory practices against Hispanic and African American communities, which led to a boycott.
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This resulted in reactive changes in business practices and efforts to improve relations with minority communities.
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Safe & Smart Tech
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Molson Coors experienced a major cyberattack in March 2021 that disrupted production and shipments, impacting EBITDA by $120 million to $140 million.
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The company has since bolstered its cybersecurity framework.
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Molson Coors has implemented an AI governance program to manage ethical, legal, cybersecurity, and data privacy risks associated with AI technologies, ensuring compliance.
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It also has internal oversight and policies for responsible AI adoption
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and actively addresses AI-related privacy concerns.
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There are no documented incidents of unauthorized data use by the company. Molson Coors states it ensures compliance with data privacy regulations and adheres to industry standards and data compliance, including aligning marketing analytics solutions with data protection standards.
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Zero Waste & Sustainable Products
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Molson Coors achieved a waste diversion rate of 99.86% from its facilities with over 75 employees.
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The company reports that 99.8% of its packaging is reusable or recyclable.
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17 of its 28 brewing and manufacturing facilities worldwide have achieved zero-waste-to-landfill status.
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In 2024, 25% post-consumer recycled content was achieved in PET bottles for EU production.
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The company has implemented several waste reduction initiatives, including replacing plastic rings with recyclable cardboard in the UK (2021)
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and Canada (2023),
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turning spent barley into cattle feed and yeast into pet food,
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and establishing dedicated stations for material separation.
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Molson Coors leverages "How2Recycle" icons on primary, secondary, and tertiary packaging in the Americas to educate customers.
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The company has set ambitious waste reduction targets, aiming for 100% reusable or recyclable packaging by 2025,
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at least 30% recycled content in consumer-facing plastic packaging by 2025,
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and a 26% reduction in packaging emissions by 2025.
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Circular design principles are evident through light-weighting packaging,
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pilot programs to send cullet directly back to glass suppliers,
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and proprietary barley cultivar development.
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