Asahi Group Holdings Ltd

Governance\n\nViewing climate change as an important issue pertaining to sustainability, the Asahi Group's Global Sustainability Committee, chaired by the CEO, formulates climate change strategies. At the same time, the committee submits reports to the Board of Directors and works to strengthen a PDCA cycle under the Board's supervision. At the Global Sustainability Committee meeting held in December 2020, members including the CEOs of each regional headquarters (RHQ) held lively discussions regarding the Group's 2030 goals for reducing CO2 emissions. As a result, we decided to upwardly revise our target values and committed ourselves to actively promoting initiatives to achieve these new values.\n\nGovernance\n\nPlease see page 50 for more information on the Global Sustainability Committee.\n\nP.50\n\nRisk Management\n\nIn the "Asahi Group Risk Appetite Statement," which was formulated in 2020, the Asahi Group has announced its policy of promoting efforts to reduce risks that impact the natural environment.\n\nAccordingly, climate change has been adopted as a main risk for the Group within our enterprise risk management (ERM) system. While working to set in motion a PDCA cycle under this management system, we are pursuing risk management on a Group-wide basis through collaboration between our sustainability management system, renewed in 2020, and the ERM system.\n\nPlease see page 94 for details on the collaboration between climate change risks and ERM.\n\nP.94\n\nIndices and Targets\n\nWe formulated and announced our medium- to long-term goal for reducing CO2 emissions, Asahi Carbon Zero, with the aim of achieving zero CO2 emissions by 2050. In order to increase the probability of achieving this target, in December 2020 we upwardly revised our 2030 goal to a 50% reduction (compared with 2019). At the same time, we renewed our road map toward realizing Asahi Carbon Zero by promoting initiatives such as participating in RE100 and acquiring Science Based Targets (SBT) 1.5ºC verification. In addition, we are establishing and implementing initiatives to realize the use of sustainable materials, such as agricultural raw materials, packaging, and water.\n\nPlease see page 20 for details on our specific indices and targets.\n\nP.20\n\nStrategies\n\nIn 2020, we took on the challenge of expanding the scope of and enhancing our scenario analysis. As a result of carrying out more extensive and accurate scenario analysis, various impacts and risks have become apparent, such as reduced yields of agricultural products, important raw materials, and increased costs of production and container purchasing due to the introduction of carbon taxes.\n\nMeanwhile, we are also beginning to see the potential for limiting such impacts and acquiring business opportunities by reinforcing mitigation and adaptation policies in response to risks. We will reflect the results of our scenario analysis when establishing KPIs and the road map for achieving our goals in line with Asahi Group Environmental Vision 2050.

We thoroughly recognize that climate change represents an important management issue which directly impacts our business. To that end, we have established a governance structure that centers on the supervision of the Board of Directors and the participation of the Global Sustainability Committee (hereinafter, the GS Committee). Based on the commitment of our management, we are executing investment in climate change countermeasures and are promoting relevant efforts on a Group-wide basis. [...] Under our enterprise risk management (ERM) system, we have set a PDCA cycle in motion with the Sustainability Director as the risk owner. [...] The Asahi Group has established the GS Committee to draft and supervise sustainability strategies, including climate change. The GS Committee is chaired by the CEO of Asahi Group Holdings, Ltd., and comprises the Sustainability Director, the heads of relevant departments, and the CEOs and Sustainability Directors at each Regional Headquarters (RHQ) located in Japan, Europe, Oceania, and Southeast Asia. The strategies and targets discussed by the GS Committee are deliberated on by the Corporate Strategy Board and reported to the Board of Directors. [...] At the same time, the Sustainability Section further examines climate change-related risks in more detail, implements response measures, and issues regular reports to the Board of Directors.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes