Asahi Group
Drinks, especially alcoholic
Japan's largest brewer, Asahi also has a large market share in many European countries. Asahi has become a major player in Australasia after several acquisitions including Schweppes Australia in 2009, NZ's Independent Liquor and Charlie's Group in 2011, and Carlton & United Breweries in 2020.

Overall

Owned JPN
Rating C
About the Ratings
Asahi Group Holdings Ltd
JPN

Company Assessment

(Last updated Aug 2024)
Asahi Group Holdings Ltd
Praise
CDP Climate Change score of A
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A.
Source: CDP (2023)
CDP Water Security score of A-
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of A-.
Source: CDP (2023)
11.5/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2023 and received a score of 11.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
65/100 in TIME rankings
World's Most Sustainable Companies of 2024 by TIME and Statista recognises the Top 500 most sustainable companies in the world. From a selection of 5,000 of the world's largest companies, non-sustainable businesses were excluded, and the remaining companies were rated on Commitment & Ratings, Reporting & Transparency, and Environmental & Social Stewardship. This company received a total score of 65.4/100, ranking 181st overall.
Source: TIME (2024)
Criticism
Supply chain practices in China
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 16.1/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
Palm oil rating - WAZA
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "Poor" (retrieved 18 Nov 2023).
Source: WAZA (2023)
19.8% in Human Rights Benchmark
The 2022 Corporate Human Rights Benchmark assessed 127 companies in the food and agriculture, ICT and automotive manufacturing sectors on their human rights performance. This company received a score of 19.8%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
15.2% in Gender Benchmark
The 2023 Gender Benchmark ranks 112 companies from the apparel and food and agriculture sectors on their efforts to drive gender equality and women's empowerment across their entire value chain. Companies are assessed on governance and strategy, representation, compensation and benefits, health and well-being, violence and harassment, and marketplace and community. This company ranked #85/112, with a total score of 15.2%. The average score was 23% and the highest score was 55%.
38/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 38/100 in the Beverages category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Information
FSC certification
In Nov 2011 Scientific Certification Systems (SCS) recertified Asahi's Shobara and Miyoshi forests in Japan to the Forest Stewardship Council's standard for responsible forest management. Asahi bought the forested properties during World War II. They have been FSC certified since 2001.
Source: SCS (2011)
Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
FSC certification
This company holds Forest Stewardship Council Chain of Custody Certification, and sells products packaged in materials certified as FSC Recycled and FSC Mix.
Source: FSC (2023)
IARD member
This company is a member of the International Alliance for Responsible Drinking (IARD), a not-for-profit organization dedicated to reducing harmful drinking and promoting understanding of responsible drinking. IARD is affiliated with the United Nations.
Source: IARD (2021)
UN Global Compact participant
The United Nations Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of 10 values in the areas of human rights, labour standards, the environment, and anti-corruption. However it's non-binding nature has been widely criticised, and many signatory corporations continue to violate the Compact's values.
Sustainable Business Activities
Activities include reducing CO2 emissions, FSC certified forest management, and donations to environmental protection schemes.
High-biomass sugarcane
Asahi Breweries is developing 'high-biomass sugarcane' or 'Monster Cane', designed to produce ethanol without sacrificing sugar output. Could be seen as a positive as ethanol is carbon-neutral with CO2 released in the combustion of the fuel offset by the CO2 captured by plants through photosynthesis. Critics also say ethanol is no solution to global warming if massive inputs of fossil fuels are required to grow the crops and power the facilities used to produce ethanol and land is taken from suppling crops for food and feed.
Alcohol - direct involvement
Directly involved in the manufacture, distribution or sale of alcohol as a core business.
28% in Food and Agriculture Benchmark
The 2023 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #71/350, with a total score of 28/100.
29.5% in Nature Benchmark
The Nature Benchmark ranks 816 companies across 20 industries on their efforts to protect our environment and its biodiversity. Companies were assessed in three phases between 2022 and 2024 using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company was assessed in 2023 and is ranked #84/816, with a total score of 29.5/100.

Company Details

Type:
Public company
Founded:
1889
Revenue:
2.12 trillion JPY (2018)
Subsidiaries:
Asahi Holdings (Australia) Pty Ltd
Holding company
Asahi Beverages formed in 2014 when the company announced plans to integrate the operations of Schweppes Australia, Asahi Premium Beverages and Independent Liquor NZ. Asahi acquired Schweppes in 2009, and Independent Liquor, Charlie's Group, and the juice and water business of Australia's P&N Beverages in 2011. Bought Carlton & United Breweries in 2020.
CUB Pty Ltd
Beverage manufacturing
Founded in 1903 and Australian owned for over 100 years before being acquired by SABMiller in 2011, who became part of AB InBev in 2017. Then in 2020 Japanese beer giant Asahi took over ownership. Asahi combined CUB with its own drinks portfolio to create Australia's largest beverages company.
4 Pines Brewing Company
Brewery
Founded in 2008 and acquired by AB InBev in 2017, who sold their Australian operations, including 4 Pines, to Asahi in 2020.
Mountain Goat Beer Pty Ltd
Craft brewery
Founded in 1996 by Cam Hines and Dave Bonighton, who continue to manage the company. Their beer is brewed in the inner Melbourne suburb of Richmond. Acquired by Asahi in Sept 2015.
Pirate Life Brewing Pty Ltd
Craft brewery
Established in South Australia in 2014. Acquired by AB InBev in Dec 2017, who sold their Australian operations, including Pirate Life, to Asahi in 2020.
Matilda Bay Brewing Company Pty Ltd
Brewery
Founded in Western Australia in 1984. Acquired by Carlton & United Breweries in the early 1990's.
Cascade Brewery Company Pty Ltd
Brewer
Cascade Brewery was established in 1832 in South Hobart, Tasmania and is the oldest continually operating brewery in Australia. Acquired by CUB in 1993.
Asahi Premium Beverages Pty Ltd
Beverages
Alcoholic beverages company which began in New Zealand in 1987 as Independent Liquor (NZ) Ltd. Acquired by Asahi Group in 2011 and renamed Asahi Premium Beverages in 2013. In 2020 Asahi acquired Carlton & United Breweries from AB InBev and merged it with Asahi Premium Beverages.
Asahi Lifestyle Beverages
Drinks manufacturer
Asahi Lifestyle Beverages (formerly Schweppes Australia) is the non-alcohol division of the Asahi Beverages Group. Asahi bought Schweppes Australia in 2009.
Asahi Beverages (NZ) Ltd
Alcohol beverages
Acquired by Asahi Group in 2011. Formerly known as Independent Liquor (NZ) Ltd.

Contact Details

Address:
Tokyo, Japan
Website:
www.asahigroup-holdings.com/en/

Products / Brands

Asahi Beverages
Actual Seltzer
AllPress Coffee
ALT Soft Drinks
Asahi Soukai Beer
Charlie's Juice & Fruit Drinks
Cool Ridge Bottled Water
Cottee's Cordial
Cricketers Arms Beer
Estrella Beer
Everglades Liqueur
Extra Juicy Juice & Fruit Drinks
Frantelle Bottled Water
Good Tides Seltzer
Grolsch Beer
Hard Solo Premix Spirits
Highland Premix Spirits
Loys Soft Drinks
Mist Wood Gin Premix Spirits
Mudshake Premix Spirits
Passiona Soft Drinks
Phoenix Organic Juice & Fruit Drinks
★ certified organic
Phoenix Organic Soft Drinks
★ certified organic
Pilsner Urquell Beer
Pop Tops Juice & Fruit Drinks
Pop Tops Bottled Water
Real Iced Tea Co Iced Tea
Red Bear Premix Spirits
Rhythm Premix Spirits
Schweppes Mixers
Schweppes Cordial
Schweppes Soft Drinks
Schweppes Sparkling Water
Solo Soft Drinks
Spicebox Whisky (other)
Spring Valley Juice & Fruit Drinks
StrangeLove Mixers
Tequila Blu Tequila
Two Suns Beer
Untold Premix Spirits
Untold Rum
VDKA 6100 Vodka
Vibe Soft Drinks
Vodka O Premix Spirits
Vodka O Vodka
VOSS Bottled Water
Wild Moose Premix Spirits
Asahi Beverages / PepsiCo (brand owner)
7UP Soft Drinks
Bubly Sparkling Water
Gatorade Sports Drinks
Mirinda Soft Drinks
Mountain Dew Soft Drinks
Pepsi Soft Drinks
Asahi Beverages / Vale Brewing (brand owner)
Vale Beer
Asahi Beverages / Sunkist Growers (brand owner)
Sunkist Soft Drinks
Carlton & United Breweries
Abbotsford Beer
Asahi Super Dry Beer
Balter Beer
Beez Neez Beer
Black Douglas Premix Spirits
Bulmers Cider
Carlton Beer
Carlton Zero Non-Alcoholic
Cascade Beer
Castle Beer
Continental Liqueurs Liqueur
Cougar Premix Spirits
Coyote Tequila
Crown Beer
Dirty Granny Cider
Empire Beer
Fat Yak Beer
Foster's Beer
Great Northern Beer
Great Northern Zero Non-Alcoholic
Green Beacon Beer
Karloff Vodka
Kent Old Brown Beer
Kirov Vodka
Lazy Yak Beer
Light Ice Beer
Matilda Bay Beer
Melbourne Bitter Beer
Mercury Cider
Mountain Goat Beer
Never Never Gin
Nikka Whisky (other)
Peroni Beer
Pirate Life Beer
Power's Beer
Prince Albert's Gin
Pure Blonde Beer
Pure Blonde Cider
Redback Beer
Resch's Beer
Sheaf Stout Beer
Spring Cider Co Cider
Sungazer Beer
VB Beer
Vodka Cruiser Premix Spirits
Wild Yak Beer
Woodstock Bourbon
Woodstock Premix Spirits
Carlton & United Breweries / Pernod Ricard (supplier)
Black Douglas Scotch Whisky
Chatelle Napoleon Brandy
Cougar Bourbon
Carlton & United Breweries / Carlsberg (brand owner)
Somersby Cider
4 Pines
4 Pines Beer
Brookvale Union Seltzer
Brookvale Union Premix Spirits