Grupo Modelo
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BEL |
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Brewer
Mexico's #1 beer company, with 63% of the Mexican beer market. In 2012 Anheuser-Busch InBev bought the 50% of the company it didn't already own.
Company Ownership
Grupo Modelo S.A.B. de C.V. | MEX | website | ||||
Anheuser-Busch InBev SA/NV ![]() owns 100% of Grupo Modelo S.A.B. de C.V. |
BEL | website | ||||
Brewer InBev acquired Anheuser-Busch in 2008 for US$52 billion, to become the world's largest brewer and one of the world's top five consumer products companies. In 2013 the company acquired the half of Mexico's largest brewer, Grupo Modelo (maker of Corona beer), it didn't already own. In 2016 the company acquired SABMiller for over US$100 billion. AB InBev is part owned by the men behind Brazilian private equity firm 3G Capital, who also own 51% of Burger King and 25% of KraftHeinz. | ||||||
3G Capital ![]() owns 23% of Anheuser-Busch InBev SA/NV |
BRA | website | ||||
Private equity firm The firm has offices in New York City and Rio de Janeiro. Bought Burger King in 2010 and 50% of Heinz in 2013 (with Berkshire Hathaway buying the other 50%). Brazil's richest man, Jorge Paulo Lemann, is among the firm's backers and is also on the board of directors of the world's largest beer company, AB Inbev. | ||||||
Altria Group Inc ![]() owns 10% of Anheuser-Busch InBev SA/NV |
USA | website | ||||
Tobacco manufacturer Previously known as Philip Morris, Altria is USA's largest tobacco company. Spun off Kraft Foods in 2007 and Philip Morris International in 2008, with Philip Morris USA remaining as their primary business unit. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Grupo Modelo S.A.B. de C.V. | ||||
No assessment data currently available for Grupo Modelo S.A.B. de C.V. | ||||
Anheuser-Busch InBev SA/NV | ||||
In 2022, 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 (2022)
In 2022, 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 (2022)
The 2021 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 #5/350, with a total score of 55.2/100.
Source: World Benchmarking Alliance (2021)
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 34.8%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
Source: World Benchmarking Alliance (2022) |
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 12.2% (Weak).
Source: As You Sow (2019)
This company received a score of 12.1/100 (retrieved 10-Oct-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2020)
As You Sow's 2021 Corporate Plastic Pollution Scorecard ranks companies on plastic packaging pollution. The study measures the progress of 50 large companies in the beverage, quick-service restaurant, consumer packaged goods, and retail sectors on six core pillars where swift action is needed to reduce plastic pollution: 1) Packaging Design, 2) Reusable Packaging, 3) Recycled Content, 4) Public Data Transparency, 5) Support for Recycling, and 6) Producer Responsibility. This company received a grade of D-
Source: As You Sow (2021)
In 2016 the U.S. Securities and Exchange Commission announced that Anheuser-Busch InBev agreed to pay $6 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) and chilled a whistleblower who reported the misconduct. An SEC investigation found that the company used third-party sales promoters to make improper payments to government officials in India to increase the sales and production of Anheuser-Busch InBev products in that country.
Source: SEC (2016)
In 2019 the European Union fined this company 200 million euros for hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium. The commission concluded that the company abused its dominant position from February 2009 until October 2016 in breach of EU antitrust rules.
Source: news article (2019)
AB InBev is 10% owned by tobacco giant Altria, who have several criticisms.
Source: Shop Ethical (2020)
This company received an S&P Global ESG Score of 31/100 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.
Source: S&P Global (2022) |
A 2013 peer-reviewed report indentified three CSR tactics employed by alcohol companies (including this one) which are closely tied in with the industry's underlying corporate intents. First, the alcohol manufacturers employ CSR as a means to frame issues, define problems and guide policy debates. In doing this, the alcohol companies are able to deflect and shift the blame from those who manufacture and promote alcoholic products to those who consume them. Second, the alcohol corporations promote CSR initiatives on voluntary regulation in order to delay and offset alcohol control legislation. Third, the alcohol corporations undertake philanthropic sponsorships as a means of indirect brand marketing as well as gaining preferential access to emerging alcohol markets
Source: Advertising Standards Authority (2013)
Criticisms include layoffs and payment delays to suppliers as a result of the InBev takeover of Anheuser-Busch, fighting a bill in 2005 that would combat underage alcohol consumption, political donations, and pollution.
Source: Green America (2010)
Politicians and unions have criticised executive bonuses totaling more than 1 billion euros at AB InBev triggered when the brewer cut its huge debt two years ahead of target following the acquisition of the maker of Budweiser.
Source: news article (2012)
This company received a score of 7.9/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
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; commit to 100% renewable power.
Source: We Mean Business (2021)
This company appears on the 2021 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
Source: Bloomberg (2021)
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)
The Sustainable Food Lab is a network of business, public sector, and civil society leaders from around the globe who are working together to accelerate sustainability in mainstream food and agriculture.
Source: Sustainable Food Lab (2016)
This company is a member of the Ellen MacArthur Foundation, whose stated mission is to accelerate the transition to a circular economy. The Ellen MacArthur Foundation works with business, government and academia to build a framework for an economy that is restorative and regenerative by design.
Source: Ellen MacArthur Foundation (2023)
This company has sustainability claims on its website under the headings smart agriculture, water stewardship, circular packaging and climate action.
Source: company website (2020) |
Company Details
Type | Wholly-owned subsidiary |
Revenue | 7.1 billion USD (2012) |
Employees | 40,617 (2012) |
Contact Details
Address | Mexico City, Mexico |
Website | www.gmodelo.com.mx |
Products / Brands
Grupo Modelo
Corona Beer (imported) Negra Modelo Beer (imported) Pacifico Beer (imported) |