CSR Summit – Belief / Action / Results Scott Delzoppo October 31, 2007.

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Presentation transcript:

CSR Summit – Belief / Action / Results Scott Delzoppo October 31, 2007

2 DRAFT ONLY Sustainability – What does it mean? World Commission on Environment and Development defines sustainability as: “forms of progress that meet the needs of the present without compromising the ability of future generations to meet their needs.” At Foster’s we interpret that as: “Continually improving our practices to ensure we minimise negative impacts and maximise the positive social, environmental and economic outcomes of our global business operations.”

3 DRAFT ONLY Corporate Sustainability Roadmap Define sustainability within the context of your business or environment (make it real) Provide a platform for passionate and informed people to contribute to the agenda (internal and external stakeholder engagement) Build the business case Lead from the top / good governance Benchmark against best practice Communicate / disclose progress Build in to corporate culture

4 DRAFT ONLY What are Foster’s sustainability issues? Challenge to maintain the social license to operate - health / responsible drinking policy / marketing Climate change - impact on supply, carbon footprint, water efficiency Ability to attract and retain the best people Supply chain management - ethics / environmental impacts

5 DRAFT ONLY Governance Foster’s Leadership Team oversee sustainability agenda, set priorities & monitor progress Corporate affairs & subject experts (including ad-hoc project teams) work with the business to deliver Key sustainability issues also captured and managed through Enterprise Risk Management framework Annual Sustainability Report charts successes & areas for further work

6 DRAFT ONLY Communication response Pursuing & promoting our company sustainability agenda Taking all appropriate media opportunities & continuing to build media relationships Ramping up industry cooperation & resourcing Maintaining active dialogue with non-media influencers, including governments & ngo’s Investing significant time and resources in DrinkWise

7 DRAFT ONLY Achievements to date Participant in global benchmarking program Corporate Responsibility Index (CRI) since inception in Improved rating from to Introduced Group Sustainability Taskforce in Launched Foster’s in the Community in Elevated to FTSE4Good Index in 2006 Released first Sustainability Report in 2006 Released second report in 2007

8 DRAFT ONLY Launched last week Reports on material issues, following global sustainability reporting standards Global coverage where possible Internal communications plan rolling out to increase employee awareness

9 DRAFT ONLY Portfolio issues, responsible marketing, supplier & customer relationships, ethical procurement etc Engagement, developing human capital Foster’s in the Community, making a contribution where we live & work Resource & process efficiency, best practice, H&S Report format built on four workstreams: OUR MARKETPLACE OUR PEOPLE OUR COMMUNITY HEALTH, SAFETY & ENVIRONMENT

10 DRAFT ONLY Renewing our commitment to participate in the National Packaging Covenant Delivery of more than 500 national and regional brand campaigns with only one execution found to have breached industry standards Product innovation delivering a portfolio of reduced carbohydrate, calorie and alcohol beverages Enhanced standard drinks labelling on consumer packaging Global implementation of ‘Enjoy Responsibly’ guidelines Marketplace highlights 2007

11 DRAFT ONLY 4.5% reduction in water use, 2.8% reduction in GHG emissions in 2007 Committed to 10% reduction in water and energy use per unit of production by 2011 Yatala brewery - world leader in water saving using 2.3 litres of water per litre of beer produced, against accepted worlds best practice of 4-5 litres Introduction of Solar energy at Napa winery, California Reduced rate of recordable and lost-time injury rates 88% of global solid waste reused or recycled HS & E highlights 2007

12 DRAFT ONLY Further development of capability programs Establishment of Women’s Leadership Discussion Group Continuous support for our people through periods of change Updated Ways of Working, further embedding a positive ‘One Foster’s’ culture People highlights 2007

13 DRAFT ONLY $4.2 million total community investment in 2007, including: Responsible Drinking: $2.1 million Employee Involvement: $.2 million Community Partnerships: $1.6 million Community Partnerships with Alannah and Madeline Foundation, Red Dust Role Models, Movember, The Smith Family and Conservation Volunteers Aus 282 ‘You care, we care’ employee donations in 2007 $49,000 raised in employee matched giving Community highlights 2007

14 DRAFT ONLY On the Agenda… Developing an appropriate path through carbon challenge Further work to tighten marketing standards Better promotion of sustainability agenda & achievements, particularly internally Continued incorporation of global business into Foster’s Extend programs supporting Indigenous community development