Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BROWN-FORMAN CORPORATION

(BF.B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Brown Forman : SASB Disclosure

10/07/2021 | 03:47pm EST

SUSTAINABILITY ACCOUNTING STANDARDS BOARD (SASB) DISCLOSURE TOPICS INDUSTRY STANDARDS FOR ALCOHOLIC BEVERAGES

ENERGY MANAGEMENT

SASB METRIC

OUR RESPONSE

CODE

1. Total energy consumed (GJ)

3,356,151

FB-AB-130a.1

2. Percentage grid electricity

17%

FB-AB-130a.1

3. Percentage renewable energy

10%

FB-AB-130a.1

Although Brown Forman uses biogas and wood for energy, they are not

third-party certified and are not included in this percentage given SASB

definition/criteria. This percentage includes retired renewable energy

credits from The East Forks Wind Renewable Power Purchase Agreement.

WATER MANAGEMENT

SASB METRIC

OUR RESPONSE

CODE

1. Total water withdrawn (m3)

3,454,385

FB-AB-140a.1

2a. Total water consumed (m3)

1,980,919

FB-AB-140a.1

2b. Percentage of each in regions

18%

FB-AB-140a.1

with High or Extremely High

Baseline Water Stress

Description of water management

Water is one of the major components of our products, so the quality

FB-AB-140a.2

risks and discussion of strategies

and quantity of available water is important to our ability to operate our

and practices to mitigate those risks

business. Globally, our company faces some direct risk associated with

water scarcity due to the location of our operations and the requirements

for water in our production processes and finished products. This risk stems from constraints on the available quantity, quality, and cost of water supplies across our enterprise. However, the majority of our operations are not located in high or extremely high baseline water stress areas.

If droughts become more common or severe, or if our water supply were interrupted for other reasons, high-quality water could become scarce in some key production regions for our products, including Tennessee, Kentucky, California, and Mexico. Also within our supply chain, we utilize co-packers for final completion of products. These facilities, while outside our operational control, rely upon high quality water to carry out their services. Any disruption to their operations could impact the production and delivery of products.

To mitigate these risks we completed watershed risk assessments in key watershed areas, and are now implementing plans focused on protecting these watersheds. We continue to focus on operational improvements on our use of water.

We have formalized new water stewardship commitments to protect the health of key watersheds in our communities and create Net Positive Water Impact in water-stressed basins where we operate, so that all watershed users have sufficient access to the amount and quality of water that meets their needs.

RESPONSIBLE DRINKING & MARKETING

SASB METRIC

OUR RESPONSE

CODE

Percentage of total advertising

2021 Annual Integrated Report, pg. 19

FB-AB-270a.1

impressions made on individuals

U.S. only

at or above the legal drinking age

Number of incidents of non-compliance

Two. One complaint in the Czech Republic was upheld by the Advertising

FB-AB-270a.2

with industry or regulatory labeling

Council. One complaint in India was upheld by the Advertising Standards

and/or marketing codes

Council of India.

Total amount of monetary losses

None

FB-AB-270a.3

as a result of legal proceedings

associated with marketing and/or

labeling practices

Description of efforts to promote

See Alcohol Responsibility;2021 Annual Integrated Report pgs. 18-19

FB-AB-270a.4

responsible consumption of alcohol

PACKAGING LIFECYCLE MANAGEMENT

SASB METRIC

OUR RESPONSE

CODE

1. Total weight of packaging

Brown-Forman is in the process of sourcing data for the majority of our markets.

FB-AB-410a.1

2a. Percentage made from recycled

Brown-Forman is in the process of sourcing data for the majority of our markets.

FB-AB-410a.1

and/or renewable materials

2b. Percentage that is recyclable,

Brown-Forman is in the process of sourcing data for the majority of our markets.

FB-AB-410a.1

reusable, and/or compostable

Discussion of strategies to reduce the

2021 Annual Integrated Report, pgs. 20, 23

FB-AB-410a.1

environmental impact of packaging

throughout its lifecycle

Brown Forman has formalized new commitments on packaging to guide

strategies to reduce the environmental impact of our packaging throughout

its lifecycle. We are committed to 100% of primary packaging to be recyclable

or reusable by 2030, eliminating unnecessary and problematic materials and

implementing circular product systems, significantly increasing the recycled

content of product packaging materials by 2030.

Design: At Brown-Forman, all projects that involve a new packaging format or

a change to an existing packaging format are overseen by the Brown-Forman

Project Management Office. These projects are required to go through the

Brown-Forman Stage Gate Process, which includes a Sustainability Review.

During 2019, Brown-Forman completed a redesign of its Finlandia Vodka

packaging used in all markets globally. The bottle design was updated across all

sizes and SKUs, resulting in an average glass weight reduction of approximately 15%. Brown-Forman also moved its Jack Daniel Single Barrel product from virgin glass with 0% recycled content to commercial glass, which includes on average 30% recycled content. This change was completed to reduce packaging impacts and result in cost savings.

Transportation: As part of the packaging design review, Brown-Forman works to optimize the size and weight of cases that are used to transport our brands to market. While ship cases (made from cardboard) are usually recyclable, they are not typically reused and thus represent an opportunity for additional reduction and innovation.

Working with Suppliers: Brown-Forman has regular, informal meetings with Tier 1 (those who supply materials directly to Brown-Forman production operations) packaging suppliers to discuss opportunities to improve sustainability of packaging.

Partnerships: As part of our membership in the Beverage Industry Environmental Roundtable (BIER), Brown-Forman participated in the development of the Circular Footprint Formula (CFF) Calculator tool. This tool is designed to help organizations estimate the environmental impact of their packaging choices using standardized criteria. This CFF tool is a result of work completed as part of the Product Environmental Footprint development process in the European Union, in which BIER actively participated.

ENVIRONMENTAL & SOCIAL IMPACTS OF INGREDIENT SUPPLY CHAIN

SASB METRIC

OUR RESPONSE

CODE

Suppliers' social and environmental

At this time, we do not conduct environmental and social audits of our

FB-AB-430a.1

responsibility audit 1. Non-

supply chain.

conformance rate and 2. Associated

corrective action rate for (a) major

and (b) minor non-conformances

INGREDIENT SOURCING

SASB METRIC

OUR RESPONSE

CODE

Percentage of beverage ingredients

57%

FB-AB-440a.1

sourced from regions with High or

While this metric reflects the range of our agricultural inputs sourced from

Extremely High Baseline Water Stress

high water stressed regions, including agave, the agave plants do not require

significant water for growth and are not known to contribute to water stress

in the region.

List of priority beverage ingredients

Priority Beverage Ingredients: Corn, Rye, Malted Barley, Grapes, Agave. Higher

FB-AB-4a40a.2

and description of sourcing risks

costs or insufficient availability of suitable grain, agave, water, and other input

due to environmental and social

materials, or higher associated labor costs or insufficient availability of labor,

considerations

may adversely affect our results of operations and/or financial results. Weather,

the effects of climate change, fires, diseases, and other agricultural uncertain-

ties that affect the mortality, health, yield, quality, or price of the various raw

materials used in our products also present risks for our business, including in

some cases potential impairment in the recorded value of our inventory. Chang-

es in weather patterns or intensity can disrupt our supply chain as well, which

may affect production operations, insurance costs and coverage, and the timely

delivery of our products.

See also Form 10-K/A, Part 1. Item 1. Ingredients and Other Supplies, pg. 8 (for

Fiscal year ended April 30, 2021)

ACTIVITY METRICS

SASB METRIC

OUR RESPONSE

CODE

Volume of products sold

46.9 million 9-liter cases

FB-AB-000.A

Number of production facilities

20

FB-AB-000.B

Total fleet road miles traveled

4,714,825

FB-AB-000.C

This number represents the fleet miles traveled for our U.S. and Canada

sales fleet business miles, and does not incorporate product distribution

road miles.

Disclaimer

Brown-Forman Corporation published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 19:46:05 UTC.


ę Publicnow 2021
All news about BROWN-FORMAN CORPORATION
11/19Deutsche Bank Adjusts Brown-Forman's Price Target to $72 From $70, Maintains Hold Ratin..
MT
11/18Brown-Forman Raises Quarterly Dividend by 5%; Sets Special Dividend of $480 Million
MT
11/18Brown-Forman Declares a Special One-Time Dividend, Payable on December 29, 2021
CI
11/18INSERTING and REPLACING Brown-Forman Increases Cash Dividend for 38th Consecutive Year ..
BU
11/18Brown-Forman Approves Quarterly Cash Dividend, Payable on December 28, 2021
CI
11/12Brown-Forman Corporation Enters into Amendment to the Amended and Restated Five-Year Cr..
CI
11/10Brown-Forman Second Quarter Earnings Release and Conference Call Scheduled for December..
BU
10/31BROWN-FORMAN STATEMENT : U.S.-EU Trade Agreement
BU
10/14BROWN FORMAN : Joins RE100 Global Initiative
BU
10/07BROWN FORMAN : SASB Disclosure
PU
More news
Analyst Recommendations on BROWN-FORMAN CORPORATION
More recommendations
Financials (USD)
Sales 2022 3 745 M - -
Net income 2022 817 M - -
Net Debt 2022 1 221 M - -
P/E ratio 2022 43,5x
Yield 2022 0,99%
Capitalization 34 696 M 34 696 M -
EV / Sales 2022 9,59x
EV / Sales 2023 9,06x
Nbr of Employees 4 700
Free-Float 71,1%
Chart BROWN-FORMAN CORPORATION
Duration : Period :
Brown-Forman Corporation Technical Analysis Chart | BF.B | US1156372096 | MarketScreener
Technical analysis trends BROWN-FORMAN CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Last Close Price 74,19 $
Average target price 72,37 $
Spread / Average Target -2,45%
EPS Revisions
Managers and Directors
Lawson E. Whiting President, Chief Executive Officer & Director
Leanne Dean Cunningham Chief Financial Officer
Campbell P. Brown Chairman
Tim Nall SVP, Chief Information & Advanced Analytics Office
Patrick Bousquet-Chavanne Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BROWN-FORMAN CORPORATION-6.60%34 696
DIAGEO PLC32.85%117 633
PERNOD RICARD31.76%60 751
THAI BEVERAGE PUBLIC COMPANY LIMITED-6.80%12 553
RÉMY COINTREAU40.12%12 213
EMPERADOR INC.76.24%5 560