WEBVTT - AB InBev's Initiatives to Reduce, Reuse, Recycle, and Rethink Packaging

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<v Speaker 1>This is Bloomberg Business Week with Carol Masser and Jason

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<v Speaker 1>Kelly on Bloomberg Radio. All right, you are listening to

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<v Speaker 1>Bloomberg Business Week. Carol Masser along with Jason Kelly. We've

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<v Speaker 1>been all in when it comes to covering all things green.

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<v Speaker 1>Of course we had our recent Green Festival and Jason,

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<v Speaker 1>I'm both talking two uh guests about sustainability and protecting

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<v Speaker 1>our climate. Well, A b in Bev is another global

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<v Speaker 1>company where it is a priority to announce some new

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<v Speaker 1>green initiatives with more. Tony Milliken, Cheap Procurement, Sustainability and

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<v Speaker 1>Circular Ventures officer at A b InBev, joining us on

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<v Speaker 1>the phone from Florida. Tony, nice to have you here.

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<v Speaker 1>How are you? How's Florida going? It's outstanding, I'm telling you,

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<v Speaker 1>I'm looking out my windows. I'm talking to you right now,

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<v Speaker 1>and it's absolutely beautiful, eighty nine degrees clear skies or

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<v Speaker 1>anybody Dowmonds. Interesting and I'm humbled to be with both you,

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<v Speaker 1>Caroline Jason look forward to this conversation. Well, thank you,

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<v Speaker 1>it's nice to have you with us. And and so

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<v Speaker 1>how has it been with the virus and and sort

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<v Speaker 1>of dealing with that because you have broad responsibility across

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<v Speaker 1>the company and and I do wonder how this plays

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<v Speaker 1>into some of the strategy but also just the day

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<v Speaker 1>to day. What has this meant to some of the

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<v Speaker 1>decisions you've been making and have to make. You know,

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<v Speaker 1>it's interesting the pandemic is actually helped our colleagues focused

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<v Speaker 1>and and so you know, look at the overall focus

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<v Speaker 1>is the same and really changed, but we've kind of

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<v Speaker 1>taken the longer term kind of shortened it up. Uh

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<v Speaker 1>so urgent actions you know, directed towards the pandemic um

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<v Speaker 1>but our commitments stays the same. We've got ambitious sustainability goals.

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<v Speaker 1>But I must tell you, I mean, if you think

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<v Speaker 1>about agriculture, so if we're in Africa, I mean it

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<v Speaker 1>is incredibly important for our agronomous to be in the

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<v Speaker 1>field with our farmers and being able to talk to

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<v Speaker 1>them and being able to make sure we keep the

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<v Speaker 1>cash flow moving. You know, in South Africa, the government

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<v Speaker 1>shut our business down, but you know we still have

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<v Speaker 1>a commitment to our farmers and so working with them

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<v Speaker 1>closely making sure the cash flow goes through because guess

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<v Speaker 1>what if we shut them off, then cause even more problems.

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<v Speaker 1>So we've been also providing you know, the hand sanitizings,

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<v Speaker 1>the mask and things like that close up to our farmers.

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<v Speaker 1>So I mean we really, if you think about it,

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<v Speaker 1>it's much more of a shorter term knock out the problems,

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<v Speaker 1>make sure we keep to keep our business going. And

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<v Speaker 1>i'd sell you that, UM. The one thing we've learned

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<v Speaker 1>through this whole thing is that is shown that that

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<v Speaker 1>we work together our our partners and others. Not only

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<v Speaker 1>we'll get through these tough times, we're gonna be we're

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<v Speaker 1>gonna emerge more resilient than ever. So this has benna

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<v Speaker 1>you know, don't waste this crisis. You gotta learn from it.

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<v Speaker 1>Well that's such a great point, Tony, because I do think,

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<v Speaker 1>you know, I wish none of us had to go

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<v Speaker 1>through this crisis, but we have. And I do wonder

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<v Speaker 1>about the longer lasting impacts that sometimes you know, crisis

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<v Speaker 1>leads to innovation and better ways and smarter ways, UM,

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<v Speaker 1>in terms of doing things and protecting more of society

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<v Speaker 1>or benefiting more of society. What are the longer lasting

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<v Speaker 1>impacts on your business? UM in that regard When it

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<v Speaker 1>comes to UM the virus, I'd say this, I mean,

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<v Speaker 1>we won't know the longer impact until we get down

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<v Speaker 1>a little further down the road. I do know this

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<v Speaker 1>shorter impact is that, um, you know, we've we've had

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<v Speaker 1>to come a little bit closer to home. I mean,

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<v Speaker 1>our our company. I just want to tell you we're

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<v Speaker 1>a global company, but our business is local, uh, and

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<v Speaker 1>so we don't it's not like we're trying, let me

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<v Speaker 1>put this, it's not like we're a high tech company

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<v Speaker 1>building phones and then we're sitting in one or two

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<v Speaker 1>places and producing and shipping them everywhere. We're actually in

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<v Speaker 1>the communities working, so working up close, you know, with

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<v Speaker 1>our communities. It's just a much more efficient. It's also

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<v Speaker 1>got us closer to the consumer. We actually understand what

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<v Speaker 1>the consumers going through it. So this is more of

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<v Speaker 1>a heightened awareness of our consumer all the way back

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<v Speaker 1>to our supplier. So I say that end to end

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<v Speaker 1>supply chain has become much more how do you say, intimate?

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<v Speaker 1>And I think as we come out of this, UM,

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<v Speaker 1>it'll show us uh and and our our supply chain

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<v Speaker 1>to be more resilient but also reactive to I mean,

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<v Speaker 1>if you can make it through this, man, you can

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<v Speaker 1>make it do anything. So I think the longer term,

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<v Speaker 1>we'll turn that corner hopefully in twenty one and get

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<v Speaker 1>into twenty two, we'll see, you know, more of the

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<v Speaker 1>things that you're probably looking for me to answer. I

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<v Speaker 1>just don't have them the answer at this point. So Tony,

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<v Speaker 1>as you and and the management team and Caroline, I

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<v Speaker 1>have both spent some time with Carlos Brito Brito as

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<v Speaker 1>you guys tell him over the years, UM, tell us

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<v Speaker 1>about what you're hearing from your consumers, from your customers

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<v Speaker 1>about this, because you are ultimately a consumer brand, didn't

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<v Speaker 1>I know you have a very intimate relationship you alluded

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<v Speaker 1>to this with the supply chain, but also with your customers.

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<v Speaker 1>How does it play into the conversations that you have

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<v Speaker 1>all the way down to the end user, the end

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<v Speaker 1>drinker as it were. Well, I mean, I'm getting a

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<v Speaker 1>little out of my fan box, as you know, because

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<v Speaker 1>I'm a supply chain guy. UM. But but but I'm

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<v Speaker 1>also understand our business. It's um, it's interesting to see

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<v Speaker 1>how things are changing. So it depends on where you

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<v Speaker 1>are in the world. If you're in the US, you know,

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<v Speaker 1>are are what we call our ops fremists is kind

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<v Speaker 1>of I mean, our mference has kind of shut down,

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<v Speaker 1>but to now look at how the consumer is in

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<v Speaker 1>the retail market, and so you're seeing much of larger

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<v Speaker 1>packs that are being bought much more can than glass.

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<v Speaker 1>So you're seeing the mixed change um and we're seeing

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<v Speaker 1>that across whether you're you know, you're in the non

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<v Speaker 1>out or you're in the alcohol business cans and large

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<v Speaker 1>packs or what we're seeing. I don't think that's going

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<v Speaker 1>to go away. I mean we're playing on that mixed

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<v Speaker 1>change continually. I think if you you move into other

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<v Speaker 1>areas around the world, is how do you get closer

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<v Speaker 1>to your consumer? And I mean by that last mile,

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<v Speaker 1>how do you deliver directly to them so they don't

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<v Speaker 1>have to leave home and and and go to you know,

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<v Speaker 1>those those tough areas to get to get our products.

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<v Speaker 1>I think there's a lot of things that we're now noticing.

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<v Speaker 1>The consumer insights are there, and our business is obviously

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<v Speaker 1>pivoting very quickly. I think you'll see our numbers whenever

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<v Speaker 1>they do come out. I like what I like how

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<v Speaker 1>our company is responding uh to this pandemic is I

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<v Speaker 1>mean by the way I mean I worked for Carlos

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<v Speaker 1>free time much Directordport. He's a fantastic CEO. The ability,

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<v Speaker 1>his superpower is just being able to deal with crisis

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<v Speaker 1>and uh and and trust me, I've learned a ton

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<v Speaker 1>from him. So, Tony, I alluded to this on the

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<v Speaker 1>way out before we got to some news. But talk

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<v Speaker 1>to us about some of these collap rations, because it

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<v Speaker 1>does feel like one of the ways that you do,

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<v Speaker 1>and we were talking about your customers, your end customers

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<v Speaker 1>at the beginning, that you do kind of push this

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<v Speaker 1>notion down into the broader world, which feels important. How

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<v Speaker 1>do you decide on those and talk to us about

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<v Speaker 1>how some of them have been executed. Water dot org

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<v Speaker 1>is is a fantastic partner. I mean Gary White and

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<v Speaker 1>Matt Damon. Uh, they're the partners that are behind water

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<v Speaker 1>dot org. We worked with them for several years. It's

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<v Speaker 1>our flagship program that helps for micro financing of water

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<v Speaker 1>uh in places like Uganda, and so let me just

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<v Speaker 1>tell you why it's important. Um. If you we're in

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<v Speaker 1>a developed world here in the US and most of

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<v Speaker 1>the places that are listening, but if you're in like you, Yanna, UM,

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<v Speaker 1>it's tough to get water in and think about this.

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<v Speaker 1>The way you get water. You might spend hours getting

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<v Speaker 1>it bringing it back at night. It's tough to do things.

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<v Speaker 1>It's just very complex and our ability to help and

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<v Speaker 1>what we've done so far with water Door is we've

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<v Speaker 1>been packed it over a million people that don't have

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<v Speaker 1>water access. And so that is how where we bring

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<v Speaker 1>Stella in Stella's brand purpose is around water and and

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<v Speaker 1>the and dealing with the complexities of water and helping

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<v Speaker 1>people people. And then you bring water Door Oregon together.

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<v Speaker 1>And so what that partnership has done, as I said,

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<v Speaker 1>is delivered over a million and that's through our consumers,

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<v Speaker 1>are consumers participating in Stella Stella, then UH providing the

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<v Speaker 1>micro financing the water dot org and then impacting you know,

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<v Speaker 1>upwards of a million people that don't have water. I

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<v Speaker 1>think that's that's one yes, no, no, no, please please

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<v Speaker 1>finish no no. I just think that's one of many things.

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<v Speaker 1>I mean, let me give you another one done in Brazil,

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<v Speaker 1>we have a party called Almond a m A and

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<v Speaker 1>our company and this is internal, We're not dealing with

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<v Speaker 1>partners and we decided to start selling our own water

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<v Speaker 1>UH to consumers and all the profits from the sales

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<v Speaker 1>of those water go to um um out how how

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<v Speaker 1>it says people that don't have access to water in Brazil.

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<v Speaker 1>So again we're trying to help people because water is

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<v Speaker 1>a very complex uh resource, Um that we're somewhat spoiled

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<v Speaker 1>and having here. So let me help you a little further. Um.

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<v Speaker 1>The complexity of around water is this, we can't make

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<v Speaker 1>beer without water. We can make beer with almost anything else,

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<v Speaker 1>but you've gotta have water. And I said earlier in

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<v Speaker 1>our conversations, we're a local company and so we're in

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<v Speaker 1>these communities. We want to make sure that people have

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<v Speaker 1>access to water before we even get it right. And

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<v Speaker 1>that think that's being the band partners. We have another

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<v Speaker 1>program down in in um in Columbia. Again think thing.

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<v Speaker 1>We're bowling water, selling the water. All the profits then

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<v Speaker 1>go to conserving water, reservoirs and and helping water aquifers

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<v Speaker 1>become cleaner. So if you want to talk about just water,

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<v Speaker 1>we were there. If you want to go think about this.

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<v Speaker 1>Who would have ever predicted that there would be a

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<v Speaker 1>Super Bowl ad about renewable energy when we did it

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<v Speaker 1>just a year ago with Budweiser. Why because we're gonna

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<v Speaker 1>be a renewable electricity a matter of fact, if you

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<v Speaker 1>think about it, every bud light and Budweiser in the

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<v Speaker 1>US is produced from renewable energy. Every beer in the

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<v Speaker 1>US will be produced under renewable electricity, sometimes towards the

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<v Speaker 1>end of the first quarter of next year. And so

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<v Speaker 1>we got a wind farm, we've got a solar farm,

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<v Speaker 1>and and then I will lets you go onto something else.

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<v Speaker 1>We we made an incredibly aggressive target back on Marches seventeen,

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<v Speaker 1>we said it would be renewable electricity by now. I

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<v Speaker 1>gotta tell you, everybody in the world called me. It

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<v Speaker 1>felt like everybody in the world. I got more emails,

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<v Speaker 1>text and phone calls after that announcement that we made

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<v Speaker 1>is saying are you crazy? Because seven years eight years

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<v Speaker 1>from there, and we're gonna do this without buying UH certificates.

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<v Speaker 1>We were actually looking at putting new assets in the ground,

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<v Speaker 1>adding to the grid. So you know, there's there are

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<v Speaker 1>companies around the world that say they're percent renewable, but

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<v Speaker 1>they're buying certificates. We have a commitment to actually create

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<v Speaker 1>new electricity going on to the grid. And so right

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<v Speaker 1>now we're about the way there and we're just sitting

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<v Speaker 1>in and we've had the pandemic, but we're still making

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<v Speaker 1>progress and I hope by the end of the year

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<v Speaker 1>will be close to se So it just gives you

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<v Speaker 1>an idea of this the power scale, I think, and

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<v Speaker 1>I think whether it's our brand, you know, like Budweisers

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<v Speaker 1>is about renewal electricity and really really like carbon reduction.

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<v Speaker 1>I give you another thing if you think about what's

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<v Speaker 1>going on out in UM in the US. We've got

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<v Speaker 1>electric trucks from b y D that we've got out

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<v Speaker 1>on the West coast and we're delivering UH products on

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<v Speaker 1>electrical trucks, you know, these big class eight trucks. UM.

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<v Speaker 1>We we hope to have all our trucks there in

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<v Speaker 1>the near future. So I mean, if every place around

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<v Speaker 1>the world we're looking at how to reduce they our

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<v Speaker 1>carbon footprint, how do we help water complexity? You know,

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<v Speaker 1>it's not about uh. You know, you will see people

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<v Speaker 1>talk about water neutral. Well water neutral USK means we're

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<v Speaker 1>actually water replacing water in the reservoir we're taking which

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<v Speaker 1>is great, Which is and this is where we want

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<v Speaker 1>to see people, you know, where it's not just neutral

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<v Speaker 1>but actually being positive and having a positive impact. Hey, Tony,

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<v Speaker 1>we could talk to you for hours, but we've got

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<v Speaker 1>to run unfortunately. Tony Milliken, Cheap Procurement, sustainability and circular

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<v Speaker 1>Ventures officer at a B InBev, on the phone from Florida,