ifrs-s2-ibg-volume-21-alcoholic-beverages-part-b

Title: Volume 21—Alcoholic Beverages

Category: Part B—Industry-based Guidance for IFRS S2

Source: IFRS Foundation (https://www.ifrs.org)

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Year: 2023

Type: Industry

Industry-based Guidance on implementing

Climate-related Disclosures

Volume 21—Alcoholic Beverages

June 2023

IFRS S2

IFRS

® Sustainability Disclosure Standard

International Sustainability Standards Board

This Industry-based Guidance accompanies IFRS S2 Climate related Disclosures (published

June 2023; see separate booklet) and is issued by the International Sustainability

Standards Board (ISSB).

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IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023

Introduction

This volume is part of the Industry-based Guidance on Implementing IFRS S2 Climate-related

Disclosures. This guidance suggests possible ways to apply some of the disclosure requirements in

IFRS S2 but does not create additional requirements.

This volume suggests possible ways to identify, measure and disclose information about

climate-related risks and opportunities that are associated with particular business

models, economic activities and other common features that characterise participation in

this industry.

This industry-based guidance has been derived from Sustainability Accounting Standards

Board (SASB) Standards, which are maintained by the International Sustainability

Standards Board (ISSB). The metric codes used in SASB Standards have been included for

ease of reference. For additional context regarding the industry-based guidance contained

in this volume, including structure and terminology, application and illustrative

examples, refer to Section III of the Accompanying Guidance to IFRS S2.

IFRS S2 INDUSTRY-BASED GUIDANCE

Volume 21—Alcoholic Beverages

Industry Description

Alcoholic Beverages industry entities brew, distil and manufacture various alcoholic

beverages including beer, wine and liquor. Entities in this industry transform

agricultural products including sugar, barley and corn, into finished alcoholic beverages.

The largest entities have global operations with portfolios of man branded products.

Levels of vertical integration within the industry vary because of regulation in different

markets. Breweries generally have multiple manufacturing facilities to provide access to

different markets, while vintners and distillers typically are located where they have a

history of production.

Sustainability Disclosure Topics & Metrics

Table 1. Sustainability Disclosure Topics & Metrics

TOPIC

METRIC

CATEGORY

UNIT OF

MEASURE

CODE

Energy

Management

(1) Total energy consumed,

TOPIC

METRIC

CATEGORY

UNIT OF

MEASURE

CODE

Energy Management

(1) Total energy consumed,

(2) percentage grid electricity and

(3) percentage renewable Quantitative Gigajoules (GJ),Percentage (%) FB-AB-130a.1 Water Management

(1) Total water withdrawn, (2) total water consumed; percentage of each in regions with High or Extremely High Baseline Water Stress Quantitative Thousand cubic metres (m³),Percentage (%) FB-AB-140a.1 Description of water management risks and discussion of strategies and

Percentage (%) FB-AB-140a.1 Description of water management risks and discussion of strategies and practices to mitigate those risks Discussion and Analysis n/a FB-AB-140a.2 Environmental& Social Impacts of Ingredient Supply Chain Suppliers’ social and environmental responsibility audit (1) non-conformance rate and (2) associated corrective action rate for (a) major and (b) minor non-conformances Quantitative Rate FB-AB-430a.1 Ingredient Sourcing Percentage of beverage ingredients

conformances Quantitative Rate FB-AB-430a.1 Ingredient Sourcing Percentage of beverage ingredients sourced from regions with High or Extremely High Baseline Water Stress Quantitative Percentage (%) by cost FB-AB-440a.1 List of priority beverage ingredients and discussion of sourcing risks related to environmental and social considerations Discussion and Analysis n/a FB-AB-440a.2 Table 2. Activity Metrics

ACTIVITY METRIC

CATEGORY

UNIT OF

MEASURE

CODE

Volume of products sold Quantitative

ACTIVITY METRIC

CATEGORY

UNIT OF

MEASURE

CODE

Volume of products sold Quantitative Millions of hectoliters (Mhl) FB-AB-000.A Number of production facilities Quantitative Number FB-AB-000.B Total fleet road kilometres travelled Quantitative Kilometres (km) FB-AB-000.C IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023© IFRS Foundation 3

Energy Management Topic Summary Entities in the Alcoholic Beverages industry rely on both fuel and purchased electricity as critical inputs. Fossil fuel and electrical energy consumption can contribute to negative environmental impacts, including climate change and pollution. These impacts have the potential to affect the value of entities in this industry since greenhouse gas (GHG) emissions regulations and new incentives for energy efficiency and renewable energy

emissions regulations and new incentives for energy efficiency and renewable energy could result in increased fossil fuels and conventional electricity price volatility, while making alternative sources more cost-competitive. Entities that manage for increased energy efficiency and use alternative energy sources may increase profitability by reducing both expenses and risks.

Metrics FB-AB-130a.1. (1) Total energy consumed, (2) percentage grid electricity and

(3) percentage renewable 1

(3) percentage renewable 1 The entity shall disclose (1) the total amount of energy it consumed as an aggregate figure, in gigajoules (GJ).

1.1

The scope of energy consumption includes energy from all sources,

including energy purchased from external sources and energy produced by the entity itself (self-generated). For example, direct fuel usage, purchased electricity, and heating, cooling and steam energy are all included within the scope of energy consumption.

1.2

the scope of energy consumption.

1.2

The scope of energy consumption includes only energy directly consumed by the entity during the reporting period.

1.3

In calculating energy consumption from fuels and biofuels, the entity shall use higher heating values (HHV), also known as gross calorific values (GCV), which are measured directly or taken from the Intergovernmental Panel on Climate Change (IPCC).

2 The entity shall disclose (2) the percentage of energy it consumed that was

2 The entity shall disclose (2) the percentage of energy it consumed that was supplied from grid electricity.

2.1

The percentage shall be calculated as purchased grid electricity consumption divided by total energy consumption.

3 The entity shall disclose (3) the percentage of energy it consumed that was renewable energy.

3.1

Renewable energy is defined as energy from sources that are replenished at a rate greater than or equal to their rate of depletion, such as

at a rate greater than or equal to their rate of depletion, such as geothermal, wind, solar, hydro and biomass.

3.2

The percentage shall be calculated as renewable energy consumption divided by total energy consumption.

IFRS S2 INDUSTRY-BASED GUIDANCE 4© IFRS Foundation

3.3

The scope of renewable energy includes renewable fuel the entity consumed, renewable energy the entity directly produced and renewable energy the entity purchased, if purchased through a renewable power purchase agreement (PPA) that explicitly includes renewable energy certificates (RECs) or Guarantees of Origin (GOs), a Green‐e Energy Certified utility or supplier programme, or other green power products that explicitly include RECs or GOs, or for which Green‐e Energy Certified

that explicitly include RECs or GOs, or for which Green‐e Energy Certified RECs are paired with grid electricity.

3.3.1

For any renewable electricity generated on-site, any RECs and GOs shall be retained (not sold) and retired or cancelled on behalf of the entity for the entity to claim them as renewable energy.

3.3.2

For renewable PPAs and green power products, the agreement shall explicitly include and convey that RECs and GOs be retained or

explicitly include and convey that RECs and GOs be retained or replaced and retired or cancelled on behalf of the entity for the entity to claim them as renewable energy.

3.3.3

The renewable portion of the electricity grid mix that is outside of the control or influence of the entity is excluded from the scope of renewable energy.

3.4

For the purposes of this disclosure, the scope of renewable energy from biomass sources is limited to materials certified to a third-party standard

biomass sources is limited to materials certified to a third-party standard (for example, Forest Stewardship Council, Sustainable Forest Initiative,

Programme for the Endorsement of Forest Certification or American Tree Farm System), materials considered eligible sources of supply according to the Green-e Framework for Renewable Energy Certification, Version 1.0 (2017) or Green-e regional standards, or materials eligible for an applicable jurisdictional renewable portfolio standard.

jurisdictional renewable portfolio standard.

4 The entity shall apply conversion factors consistently for all data reported under this disclosure, such as the use of HHVs for fuel usage (including biofuels) and conversion of kilowatt hours (kWh) to GJ (for energy data including electricity from solar or wind energy).

Water Management Topic Summary Water management includes an entity’s direct water use, exposure to water scarcity and

Water management includes an entity’s direct water use, exposure to water scarcity and management of wastewater. Entities in the Alcoholic Beverages industry use a large amount of water in their operations, since water is a key input for their finished products. Given alcoholic beverage entities’ heavy reliance on large volumes of clean water and water scarcity is increasing in different regions globally, entities may be

water and water scarcity is increasing in different regions globally, entities may be exposed to supply disruptions that could significantly impact operations and increase costs. Entities operating in water-stressed regions that fail to address local water concerns may risk losing their social license to operate. Improving water management through increased efficiency and recycling, particularly in regions with baseline water stress, can

increased efficiency and recycling, particularly in regions with baseline water stress, can result in lower operating costs, reduced risks and higher intangible asset value.

IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023© IFRS Foundation 5

Metrics FB-AB-140a.1. (1) Total water withdrawn, (2) total water consumed; percentage of each in regions with High or Extremely High Baseline Water Stress 1 The entity shall disclose the amount of water, in thousands of cubic metres,

withdrawn from all sources.

1.1

Water sources include surface water (including water from wetlands,

rivers, lakes and oceans), groundwater, rainwater collected directly and stored by the entity, and water and wastewater obtained from municipal

stored by the entity, and water and wastewater obtained from municipal water supplies, water utilities or other entities.

2 The entity may disclose portions of its supply by source if, for example, significant portions of withdrawals are from non-freshwater sources.

2.1

Fresh water may be defined according to the local laws and regulations where the entity operates. If no legal definition exists, fresh water shall be considered to be water that has less than 1,000 parts per million of

considered to be water that has less than 1,000 parts per million of dissolved solids.

2.2

Water obtained from a water utility in compliance with jurisdictional drinking water regulations can be assumed to meet the definition of fresh water.

3 The entity shall disclose the amount of water, in thousands of cubic metres,

consumed in its operations.

3.1

Water consumption is defined as:

3.1.1

Water that evaporates during withdrawal, use and discharge

3.1.2

3.1.1

Water that evaporates during withdrawal, use and discharge

3.1.2

Water that is directly or indirectly incorporated into the entity’s product or service

3.1.3

Water that does not otherwise return to the same catchment area from which it was withdrawn, such as water returned to another catchment area or the sea.

4 The entity shall analyse all its operations for water risks and identify activities that withdraw and consume water in locations with High (40–80%) or Extremely

that withdraw and consume water in locations with High (40–80%) or Extremely High (>80%) Baseline Water Stress as classified by the World Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct.

5 The entity shall disclose water withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn.

6 The entity shall disclose water consumed in locations with High or Extremely

6 The entity shall disclose water consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed.

FB-AB-140a.2. Description of water management risks and discussion of strategies and practices to mitigate those risks 1 The entity shall describe its water management risks associated with water withdrawals, water consumption and discharge of water or wastewater.

IFRS S2 INDUSTRY-BASED GUIDANCE 6© IFRS Foundation

1.1

Risks associated with water withdrawals and water consumption include risks to the availability of adequate, clean water resources, which include:

1.1.1

Environmental constraints—such as operating in water-stressed regions,drought,concerns of aquatic impingement or entrainment, interannual or seasonal variability, and risks from the impact of climate change

1.1.2

Regulatory and financial constraints—such as volatility in water costs, stakeholder perceptions and concerns related to water

costs, stakeholder perceptions and concerns related to water withdrawals (for example, those from local communities, non-

governmental organisations and regulatory agencies), direct competition with and impact from the actions of other users (for example, commercial and municipal users), restrictions to withdrawals because of regulations, and constraints on the entity’s ability to obtain and retain water rights or permits

1.2

ability to obtain and retain water rights or permits

1.2

Risks associated with the discharge of water or wastewater include the ability to obtain rights or permits related to discharges, regulatory compliance related to discharges, restrictions to discharges, the ability to maintain control over the temperature of water discharges, liabilities,

reputational risks and increased operating costs because of regulation,

stakeholder perceptions and concerns related to water discharges (for

stakeholder perceptions and concerns related to water discharges (for example, those from local communities, non-governmental organisations and regulatory agencies).

2 The entity may describe water management risks in the context of:

2.1

How risks may vary by withdrawal source, including surface water (including water from wetlands, rivers, lakes and oceans), groundwater,

rainwater collected directly and stored by the entity, and water and

rainwater collected directly and stored by the entity, and water and wastewater obtained from municipal water supplies, water utilities or other entities; and

2.2

How risks may vary by discharge destinations, including surface water,

groundwater or wastewater utilities.

3 The entity may discuss the potential effects that water management risks may have on its operations and the time line over which such risks are expected to manifest.

3.1

have on its operations and the time line over which such risks are expected to manifest.

3.1

Effects include those associated with costs, revenue, liabilities, continuity of operations and reputation.

4 The entity shall discuss its short- and long-term strategies or plans to mitigate water management risks, which include:

4.1

The scope of its strategy, plans, goals or targets, such as how they relate to various business units, geographies or water-consuming operational processes.

4.2

various business units, geographies or water-consuming operational processes.

4.2

Any water management goals or targets it has prioritised, and an analysis of performance against those goals or targets.

IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023© IFRS Foundation 7

4.2.1

Goals and targets include those associated with reducing water withdrawals,reducing water consumption,reducing water discharges, reducing aquatic impingements, improving the quality of water discharges and regulatory compliance.

4.3

The activities and investments required to achieve the plans, goals or targets, and any risks or limiting factors that might affect achievement of the plans or targets.

4.4

Disclosure of strategies, plans, goals or targets shall be limited to activities

4.4

Disclosure of strategies, plans, goals or targets shall be limited to activities that were ongoing (active) or reached completion during the reporting period.

5 For water management targets, the entity shall additionally disclose:

5.1

Whether the target is absolute or intensity-based, and the metric denominator if it is an intensity-based target.

5.2

The time lines for the water management activities, including the start year, the target year and the base year.

5.3

year, the target year and the base year.

5.3

The mechanism(s) for achieving the target, including:

5.3.1

Efficiency efforts, such as the use of water recycling or closed-loop systems;

5.3.2

Product innovations, such as redesigning products or services to require less water;

5.3.3

Process and equipment innovations, such as those that enable the reduction of aquatic impingements or entrainments;

5.3.4

Use of tools and technologies (for example, the World Wildlife

5.3.4

Use of tools and technologies (for example, the World Wildlife Fund Water Risk Filter, the Global Water Tool and Water Footprint Network Footprint Assessment Tool) to analyse water use, risks and opportunities; and

5.3.5

Collaborations or programmes in place with the community or other organisations.

5.4

The entity shall discuss whether its water management practices result in any additional life cycle impacts or trade-offs in its organisation, including

any additional life cycle impacts or trade-offs in its organisation, including trade-offs in land use, energy production and greenhouse gas (GHG) emissions, and why the entity chose these practices despite life cycle trade-offs.

6 The entity shall discuss whether its water management practices result in any additional lifecycle impacts or tradeoffs in its organisation, including trade-offs in land use, energy production and greenhouse gas (GHG) emissions, and why the

land use, energy production and greenhouse gas (GHG) emissions, and why the entity chose these practices despite lifecycle tradeoffs.

Environmental & Social Impacts of Ingredient Supply Chain Topic Summary Entities in the Alcoholic Beverages industry manage global supply chains to source a wide range of ingredient inputs. How entities screen, monitor and engage with suppliers on environmental and social topics affects entities’ ability to secure supply and manage price fluctuations. Supply chain interruption can cause loss of revenue and negatively impact

fluctuations. Supply chain interruption can cause loss of revenue and negatively impact market share if entities are unable to find alternatives for key suppliers or must source ingredients at a higher cost. Supply chain management issues related to labour practices,

environmental responsibility, ethics or corruption may also result in regulatory fines or increased long-term operational costs. The consumer-facing nature of the industry

increased long-term operational costs. The consumer-facing nature of the industry increases the reputational risks associated with supplier actions. Managing an entity’s exposure to environmental and social risks may improve supply chain resiliency and enhance an entity’s reputation. Entities can engage with key suppliers to manage environmental and social risks to improve supply chain resiliency, mitigate reputational

environmental and social risks to improve supply chain resiliency, mitigate reputational risks and potentially increase consumer demand or capture new market opportunities.

Metrics FB-AB-430a.1. Suppliers’ social and environmental responsibility audit (1) non-

conformance rate and (2) associated corrective action rate for (a) major and (b) minor non-conformances 1 The entity shall disclose its supplier facilities’ (1) non-conformance rate with

1 The entity shall disclose its supplier facilities’ (1) non-conformance rate with external social and environmental audit standard(s) or internally developed supplier code(s) of conduct for (a) major non-conformances, and separately, (b) minor non-conformances.

1.1

A major non-conformance is defined as the highest severity of non-

conformance and requires escalation by auditors. Major non-conformances include the presence of underage child workers (below the legal age for

include the presence of underage child workers (below the legal age for work or apprenticeship), forced labour, health and safety issues that can cause immediate danger to life or serious injury, or environmental practices that can cause serious and immediate harm to the community.

Major non-conformance also includes material breach or systemic breaking of code requirements or laws. Major non-conformances also may be referred to as critical or priority non-conformances.

1.2

be referred to as critical or priority non-conformances.

1.2

A minor non-conformance is defined as a non-conformance that by itself is not indicative of a systemic problem with the management system. Minor non-conformances typically are isolated or random incidents and represent minimal risk to workers or the environment.

1.3

The entity shall calculate the non-conformance rates as the total number of non-conformances identified (in each respective category) among its

of non-conformances identified (in each respective category) among its supplier facilities divided by the number of supplier facilities audited.

2 The entity shall disclose the (2) corrective action rates associated with its supplier facilities’ (a) major non-conformances and separately (b) minor non-conformances.

2.1

A corrective action is defined as the completion of an action (generally identified in a corrective action plan) within 90 days for major non-

conformances and 60 days for minor non-conformances, and is designed to eliminate the cause of a detected non-conformance. This includes the implementation of practices or systems to eliminate any non-conformance and to ensure against reoccurrence of the non-conformance, as well as verification that the action has taken place.

2.2

verification that the action has taken place.

2.2

The entity shall calculate the corrective action rates as the number of corrective actions that address non-conformances (in each respective category) divided by the total number of non-conformances identified (in each respective category).

3 The entity shall disclose the standard(s) or code(s) of conduct to which it has measured social and environmental responsibility audit compliance.

3.1

measured social and environmental responsibility audit compliance.

3.1

For internally developed supplier code(s) of conduct, the entity shall disclose the public location where such code(s) can be viewed.

Ingredient Sourcing Topic Summary Entities in the Alcoholic Beverages industry source a wide range of ingredients, largely agricultural inputs, from suppliers worldwide. The industry’s ability to source ingredients fluctuates with supply availability, which may be affected by climate change,

ingredients fluctuates with supply availability, which may be affected by climate change,

water scarcity, land management and other resource scarcity considerations. This exposure can result in price volatility and can affect entity profitability. Ultimately,

climate change, water scarcity and land-use restriction present risks to an entity’s long-

term ability to source key materials and ingredients. Entities that source ingredients that

term ability to source key materials and ingredients. Entities that source ingredients that are more productive, effectively cultivated and less resource-intensive, or those that work closely with suppliers to increase their adaptability to climate change and manage exposure to other resource scarcity risks may reduce price volatility or supply disruptions.

Metrics FB-AB-440a.1 Percentage of beverage ingredients sourced from regions with High or Extremely High Baseline Water Stress 1

or Extremely High Baseline Water Stress 1 The entity shall disclose the percentage of beverage ingredients sourced from regions with High or Extremely High Baseline Water Stress.

2 The percentage shall be calculated as the cost of beverage ingredients purchased from Tier 1 suppliers that withdraw and consume water in regions with High or Extremely High Baseline Water Stress to produce the beverage ingredients divided by the total cost of beverage ingredients purchased from Tier 1 suppliers.

2.1

by the total cost of beverage ingredients purchased from Tier 1 suppliers.

2.1

Tier 1 suppliers are defined as suppliers that transact directly with the entity for agricultural products.

2.2

The entity shall identify Tier 1 suppliers that withdraw and consume water in locations with High (40–80%) or Extremely High (>80%) Baseline Water Stress as classified by the World Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct.

3 If the entity is unable to identify or collect data pertaining to all Tier 1 suppliers,

the entity shall disclose the percentage of agricultural products for which the source region and water risks are unknown.

source region and water risks are unknown.

FB-AB-440a.2. List of priority beverage ingredients and discussion of sourcing risks related to environmental and social considerations 1 The entity shall identify the highest priority beverage ingredients to its business.

1.1

Priority beverage ingredients are defined as ingredients (excluding water) that constitute the largest beverage ingredient expense or those ingredients that have otherwise been identified by the entity as essential

ingredients that have otherwise been identified by the entity as essential to its products or as having significant environmental or social risks.

1.2

The scope of disclosure includes priority beverage ingredients sourced by the entity, including those sourced directly from contract growers and from producer supply agreements.

2 The entity shall discuss its strategic approach to managing the environmental and social risks that arise from its highest priority beverage ingredients.

2.1

social risks that arise from its highest priority beverage ingredients.

2.1

Environmental risks include effects of drought and climate change on ingredient prices, reputational damage because of deforestation and other risks resulting from the environmental impacts associated with the entity’s supply chain.

2.2

Social risks include effects of workers’ rights on productivity, reputational damage because of human rights issues and other risks resulting from the

damage because of human rights issues and other risks resulting from the social impacts associated with the entity’s supply chain.

3 The entity may identify which beverage ingredients present risks to its operations,

the risks represented and the strategies the entity uses to mitigate such risks.

3.1

For environmental risks, relevant strategies to discuss may include the diversification of suppliers, supplier training programmes on best

diversification of suppliers, supplier training programmes on best environmental management practices, expenditures on research and development for alternative and substitute crops, and audits or certifications of suppliers’ environmental practices.

3.2

For social risks, relevant strategies to discuss include supplier training programmes on agrochemical application, engagement with suppliers on labour and human rights issues, and maintenance of a supply chain code of conduct.

labour and human rights issues, and maintenance of a supply chain code of conduct.

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