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behind the Brew Issue 3

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Raising <strong>the</strong> bar on Sustainability & Connectivity<br />

The day came to a close with a look at <strong>the</strong> plans we’ve in place to<br />

ensure we’re winning in <strong>the</strong> area of sustainability and responsibility,<br />

before reviewing <strong>the</strong> steps we’ll be taking over <strong>the</strong> next three to<br />

five years to revamp our digital journey and become <strong>the</strong> bestconnected<br />

brewer, to serve customers and consumers who are<br />

increasingly looking to buy our brands online.<br />

Our EverGreen 2025 ambition<br />

By <strong>the</strong> end of 2025, our global ambition is to:<br />

• Increase our revenue to mid-single digit growth.<br />

• Increase our operating margin by 17% by 2023 and operating<br />

leverage beyond.<br />

• Increase our capital efficiency.<br />

• Cut our CO 2<br />

emissions by 50% in production.<br />

Our Green Diamond is our ‘yardstick’ for success against our<br />

balanced growth ambition. It will ensure that we strike a balance<br />

between short-term delivery, long-term sustainability and between<br />

top-line growth and overall value creation.<br />

How we’ll get <strong>the</strong>re...<br />

Nothing More, Nothing Less 2022 is year one of our EverGreen<br />

2025 strategy. It lays <strong>the</strong> foundation for future growth and outlines<br />

<strong>the</strong> direction of travel for our business over <strong>the</strong> coming years.<br />

Placing a focus on cultural shifts, we’ll create a sense of belonging<br />

through our new Purpose, Values and Behaviours as we continue to<br />

meet <strong>the</strong> demands of a fast-changing world.<br />

Becoming more externally focused and stepping-up our consumer<br />

and customer-centricity will be key. We’ll place bigger bets on our<br />

premium beers, ensure <strong>the</strong>re’s Always A Choice with 0.0 and do<br />

more to stretch and go beyond beer, to win <strong>the</strong> hearts of customers<br />

and drinkers and regain momentum in <strong>the</strong> cider category. We’ll<br />

maximise our pub estate too, enhancing our use of capital and<br />

creating fantastic drinkers experiences of our brands.<br />

We must place continuous focus on productivity to free up<br />

resources and reinvest in growth, whilst being bolder with our<br />

technology agenda and tackling <strong>the</strong> digitisation of our business<br />

with more urgency.<br />

On top of this, we’re raising <strong>the</strong> bar on our environmental and social<br />

ambitions by continuing to champion responsible consumption<br />

and prioritising <strong>the</strong> implementation of our 2022 Carbon Neutrality<br />

plans, both of which are woven into our <strong>Brew</strong> a Better World 2030<br />

commitments, which you can read more about in this issue of<br />

Behind <strong>the</strong> <strong>Brew</strong>.<br />

We shared more about our EverGreen 2025 strategy and<br />

our Nothing More, Nothing Less plan for 2022 at <strong>the</strong> All<br />

Colleague Townhall on 6th December. If you missed it,<br />

you can catch up on <strong>the</strong> event website. Here you’ll find<br />

recordings from <strong>the</strong> event, along with o<strong>the</strong>r pre-recorded<br />

content from <strong>the</strong> Leadership Event and a number of videos<br />

bringing to life our new Values, our Brands and our <strong>Brew</strong> a<br />

Better World agenda.<br />

7

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