Family-owned Bacardi Limited, the world’s largest privately held spirits company, improved upon its environmental efficiencies, launched a global sustainability initiative with industry-first goals, increased engagement with responsible suppliers, and made substantial strides in responsible marketing programs.
“We believe that with responsible management of both social and environmental impacts, Bacardi will be an even better and more sustainable business in the long term”
These achievements are highlighted in the Bacardi Limited 2014 Corporate Responsibility (CR) Report, released online earlier this month, detailing the Company’s many CR initiatives.
The report, titled “Our Spirit is Clear,” showcases the Company’s commitment to promote responsible drinking behaviors and build a more sustainable future by protecting the natural resources used in crafting its premium products.
“Encouraging responsibility by underage drinkers not to drink – and discouraging inappropriate consumption of our products are key priorities for Bacardi in creating a safer and more sustainable business environment to market and sell our products. We are proud to report that 100 percent of our marketing agency contracts required adherence to our strict voluntary marketing guidelines and nearly 97 percent of all television ads placed across seven markets measured were in compliance with having a minimum 70 percent adult audience,” says Rick Wilson, senior vice president, External Affairs & Corporate Responsibility, who leads Bacardi CR initiatives globally.
Another key Bacardi CR effort was the launch of its “Good Spirited” environmental platform with specific goals in sourcing, packaging and operations by 2022 across more than 160 markets where Bacardi sells its brands, including 75 offices and 29 manufacturing and bottling facilities. Building on current programs and efficiencies that reduce water and energy use and greenhouse gas emissions, the new Bacardi global program, “Good Spirited: Building a Sustainable Future,” reinforces the Company’s leadership in environmental sustainability and strives to return to the environment at least as much as we take away. Since Bacardi began tracking its global impact on the environment in 2006, it has already reduced energy use by more than 25 percent and water use by nearly 55 percent.
“We believe that with responsible management of both social and environmental impacts, Bacardi will be an even better and more sustainable business in the long term,” says Mike Dolan, chief executive officer of Bacardi Limited. “We lead by example, building consumer confidence and trust. Our consumers can enjoy our top-quality spirits brands knowing Bacardi cares a great deal about our environment, suppliers, employees and the communities where we work.”
As part of its CR platform, significant accomplishments include:
- Increased water efficiency by 4.6 percent leading to a 46.5 percent increase in efficiency and a water use reduction of nearly 50 percent globally with a reduction of 2.9 percent leading to a 28.5 percent reduction in greenhouse gas emissions globally from 2006 benchmarks.
- Increased number of global direct suppliers and global point-of-sale suppliers linked to Bacardi on Sedex®, the database for sharing ethical audit data, to 80 percent and 82 percent, respectively.
- Achieved a 15 percent increase in women advancing to leadership roles within Bacardi, of which five percent were to senior leader roles, as part of the Company’s Women in Leadership (WIL) initiative.
- As part the Company’s annual CR Month, Bacardi employees participated in more than 100 different activities taking place throughout 36 countries resulting in more than 7,900 volunteer hours.
“Corporate responsibility has been at the foundation of Bacardi for nearly 153 years. With our multi-faceted CR focus, it will continue to be a driving force that sets Bacardi apart from others in the spirits industry,” adds Wilson.