About a quarter of our beer is brewed in water-restricted areas so it’s not only a business issue for us but also a moral one.” A slow recovery or a second virus wave could seriously damage the future cash potential of its brands. Safety Precautions during COVID-19The company recently joined forces with various State governments to equip those on the frontline including healthcare, civic and law enforcement personnel, with vital supplies. More than 15L frontline workers across India have been positively impacted through these initiatives.Through its SmartBarley initiative, AB InBev has supported 1,200 Indian barley growers by leveraging data, technology and insights to help them improve their productivity, livelihood and efficient use of natural resources. We launched our first Global Diversity Policy in 2018 to provide guidelines for what is expected of all our leaders and colleagues to treat others with respect and cultivate, encourage, maintain and preserve an inclusive environment. At AB InBev, we are determined to build a company to last, but we know we can only do that with a healthy environment and thriving communities.
The implementation at PALS is equivalent to planting 27,000 mature trees with the potential to absorb the CO2 generated by driving passenger vehicles for 49 lakh km each year.Amidst the pandemic, and the disruption to the supply chain, the brewer is assisting the farmers with best practices when it comes to storing their harvested crops in a safe and hygienic environment. Twelve of the startups have signed commercial contracts with our business outside of the 100+ Accelerator pilot. Looking ahead, AB InBev has decided to expand the Foundation’s mission and modify its structure. To help protect these valuable spaces, we launched the water brand Zalva in October, with the promise to protect a square meter of wetland for every bottle purchased. Belgium. PALS in Aurangabad is AB InBev’s second facility in India to be powered through solar power. This would save about $4 billion over the course of the full year. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.The group could sell off some of its stakes in other companies. It still holds 62% of Brazilian brewer Ambev SA and 87% of Budweiser Brewing Co APAC Ltd. To that end, we’ve supported LGBT rights with a variety of programs and some of our largest brands. Over 400 farming households were also trained in methods of vermicomposting and kitchen gardens.With sustainability at the core of its business, AB InBev remains dedicated to advancing the United Nations Sustainable Development Goals, to help communities and environment thrive, for the next 100 years and beyond.In line with the company’s global commitment to secure 100 percent of the company’s purchased electricity from renewable sources by 2025, globally AB InBev has replaced more than 50 percent of its power consumption with renewable electricity. AB InBev is committed to a work environment where all colleagues are respected and valued. June 29, 2020. On Thursday, the company took a $2.5 billion non-cash impairment on its African business. We’re committed to growing global pride in the LGBT community around the world. READ MORE. This would reduce borrowings to under $50 billion, and based on the Bloomberg analysts’ estimates of net debt being just over $80 billion at the end of 2021, this would imply a net debt to Ebitda ratio of 2.7 times, a level at which investors would feel more comfortable.AB InBev has brought down borrowings but more deleveraging is neededEven with this brighter picture, the so-called Megabrew still needs to tackle its mega debt, which stood at $87.4 billion at the end of June — 4.9 times its earnings before interest, tax, depreciation and amortization. The pandemic hasn’t hammered the company behind Budweiser as much as many had feared.Eliminating its dividend for 2020 would be the simplest move.