Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction. Apparel and food & beverage industries are highly dependent on groundwater through supply chains. According to Aquastat, 19% of global freshwater withdrawals come from industry and energy.
In terms of water withdrawal, the beverage and bottled mineral water sectors need to be careful because groundwater is a raw material for them. Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.
Constellation Brands Inc produces and markets alcoholic beverages. The company markets these products under Corona Extra, Corona Light, Corona Premier, Corona Familiar, Corona Refresca, Modelo Especial, Pacifico, 7 Moons, Kim Crawford, Cooper & Thief, Robert Mondavi, High West, Crafters Union, Cook’s California Champagne, Veeder, The Dreaming Tree, Ruffino, and SVEDKA, SIMI brand names.
In 2022, Constellation Brands withdrew 19.7 million cubic meters of water, an increase of 3% annually. Water withdrawn by the company is obtained mainly from groundwater, surface water, and municipal water with groundwater providing 83% of water and surface water providing 15% during the same year. In 2022, Constellation Brands’s total water discharge was 6.4 million cubic meters of water and 83% of which was discharged to surface water.
Constellation Brands aims to restore around 4.2 million cubic meters of water withdrawals from local watersheds while improving accessibility and quality of water for communities where they operate between 2023 and 2025.
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