MASHINIi

ANHEUSER-BUSCH INBEV.

1NBA.XETRA | Manufacture of malt liquors and malt

Anheuser-Busch InBev (AB InBev) is a multinational beverage and brewing company. It is the world's largest brewer, with a portfolio of over 500 beer brands, including global brands like Budweiser, Corona, and Stella Artois, as well as numerous local and regional brands. The company's primary activit...Show More

Ethical Profile

Mixed.

Anheuser-Busch InBev's ethical record shows complexities. The company settled SEC charges for allegedly violating the Foreign Corrupt Practices Act with improper payments in India and silencing a whistleblower. Critics also highlight cultural insensitivity, citing religious appropriation with its "Brahma" beer brand and a First Nation tribe lawsuit. For workers, a new Teamsters contract grants 5,000 employees an immediate $4/hour raise and ends two-tier healthcare, though regulatory safety penalties have been reported. While promoting responsible drinking, AB InBev's core alcohol business inherently conflicts with public health. The company also targets 100% renewable electricity and sustainable packaging by 2025.

Value Scores

Better Health for All-60
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-30
-100100
Fair Trade & Ethical Sourcing-10
-100100
Honest & Fair Business-30
-100100
Kind to Animals-20
-100100
No War, No Weapons-10
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities-20
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

-60

The company's core business, alcoholic beverages, represents approximately 85% of its FY24 revenue, which is associated with severe, widespread negative health impacts including cancer, neuropsychiatric conditions, and gastrointestinal diseases.

1
Despite this, the company demonstrates efforts in risk transparency, preventative health, and addiction mitigation. It implements a Responsible Marketing and Communications Code (RMCC) that mandates age-gating on websites, targets audiences where at least 70% are of legal drinking age, and includes responsibility messages in all commercial communications.
2
The company has invested over $1 billion in responsibility programs across the globe since 2016, promoting moderation and offering no-alcohol and low-alcohol beer options, which delivered a low-twenties revenue increase in FY24.
3
Smart Drinking initiatives aim to reduce harmful alcohol use by at least 10% in every country and include road safety programs.
4
For its Budweiser APAC subsidiary, 0% of products were subject to recalls for safety and health reasons in FY24, and a food safety policy is in place.
5
The company also has an Emergency Water Programme, donating over 3.4 million cans and bottles of emergency drinking water for disaster relief since 2015.
6

Fair Money & Economic Opportunity

0

Anheuser-Busch InBev's primary business is brewing, not financial services. While the company provides support to its value chain partners, including over $100 million in emergency credit to small businesses

1
and short-term credit to more than 500,000 users
2
, the provided articles do not contain the specific financial metrics required by the rubric for 'Fair Money & Economic Opportunity'. There is no data on the percentage of total customers from underserved segments, average APRs or fee structures, revenue from high-cost financial products, share of a total loan/insurance book, customer data accessibility, regulatory findings for lending, wealth-building outcomes as a percentage of users, profit reinvestment percentages in community finance, financial literacy program reach or outcomes, customer debt-to-income ratios, geographic inclusion for financial access points, or product simplicity for financial offerings.

Fair Pay & Worker Respect

-30

Anheuser-Busch InBev recorded four substantiated workplace safety violations with associated fines in 2023, 2024, and 2025.

1
In a positive development, 5,000 Teamsters union members ratified a five-year contract in March 2024
2
, which included an $8 per hour wage increase over the contract's life
3
, a $2,500 ratification bonus
4
, increased pension contributions
5
, restored retirement benefits
6
, and the elimination of a two-tier healthcare system for these unionized workers
7
, providing them with high-quality Teamsters health care coverage
8
and significant job security
9
. The company's Global Responsible Sourcing Policy, updated in August 2020
10
, mandates business partners to respect unionization rights and strive for adequate living wages
11
. Employee reviews on Glassdoor, spanning April 2024 to March 2025
12
, show an average overall rating of 3.6 out of 5
13
and a 3.7 out of 5 for compensation and benefits
14
, with 66% recommending the company
15
. However, some reviews noted high turnover
16
, stagnant salaries
17
, an underwhelming benefits package
18
, and a 40% pay cut for sick days
19
.

Fair Trade & Ethical Sourcing

-10

The company prohibits child labor below 15 or the legal minimum age and forced labor.

1
Its subsidiary, Bud APAC, reported no material adverse judgments related to ethics and compliance in 2024
2
and is not aware of significant risks concerning child labor.
3
Direct and critical suppliers are assessed annually, and each site receives an audit every 3 years for BRCGS Food Safety requirements.
4
Ethical sourcing clauses are a pre-requisite in every contract with business partners and farmer agreements.
5
All suppliers, service providers, contractors, and business partners involved in Bud APAC's value chain operations are required to follow responsible sourcing, human rights, and anti-corruption policies, with 100% of existing and new suppliers meeting basic requirements and compliance standards in 2024.
6
The company works directly with approximately 60% of its global network of farmers.
7
Suppliers are required to disclose the primary source of origin for materials, and for selected supply chains, the company may request mapping of the upstream supply chain back to origin.
8
A traceability platform has been developed for reverse and forward tracing of products.
9

Honest & Fair Business

-30

In 2016, Anheuser-Busch InBev settled charges with the SEC for Foreign Corrupt Practices Act violations, including making improper payments to government officials in India

1
and having inadequate internal account controls
2
. The company also illegally gagged a whistleblower through a separation agreement
3
, leading to an SEC order requiring notification to former employees about their right to contact the SEC
4
. Despite these past issues, AB InBev has since implemented a comprehensive Global Anti-Corruption Policy (December 2019)
5
with a zero-tolerance stance on bribery
6
, including specific monetary limits for gifts and entertainment
7
and mandatory due diligence for high-risk vendors
8
. The company also has a Global Whistleblower Policy (December 2019)
9
that encourages reporting via a 24/7 independent Compliance Helpline
10
, allows anonymous reporting
11
, and prohibits retaliation
12
, with reports investigated by Ethics & Compliance teams
13
.

Kind to Animals

-20

AB InBev actively participates in multiple collaborative initiatives to develop animal-free alternatives. The company collaborates with Belgian research centers and universities on its BioBrew project for animal-free proteins via precision fermentation.

1
Additionally, AB InBev's ZX Ventures has an R&D partnership with animal-free protein producer Clara Foods.
2

No War, No Weapons

-10

Anheuser-Busch InBev's core business is brewing and distributing beer, with no evidence of revenue from arms or defense contracts, nor any exposure to controversial weapons. The company made a minimum donation of $5 million to humanitarian aid organizations.

1
In response to sanctions, the company requested the suspension of its Budweiser production and sale license in Russia
2
and forfeited financial benefits from its Russian joint venture, indicating a phase-out of operations in a sanctioned regime. Its Global Responsible Sourcing Policy requires compliance with economic sanctions, export controls, and human rights, aligning with UN Guiding Principles on Business and Human Rights.
3
The policy also addresses conflict minerals and uses third-party audits for supplier compliance.
4
The company's 2022 Human Rights report details its commitment to the UN Guiding Principles, including governance, risk assessment, training, and grievance management.
5

Planet-Friendly Business

-50

In 2022, the company reported total Scope 1, 2, and 3 GHG emissions of 27.77 million metric tons CO2e.

1
It has SBTi-validated targets to reduce Scope 1 and 2 emissions by 35% and Scope 3 emissions by 25% by 2025 from a 2017 baseline.
2
Between 2017 and 2022, it achieved a 39.2% absolute reduction in Scope 1 & 2 emissions, surpassing its 2025 target early, and a 20.7% intensity reduction across all scopes.
3
In 2022, 67.6% of its operational electricity was sourced from renewables, with a goal of 100% by 2025.
4
Water use was 2681.66 m³ per $1M revenue in 2022.
5
Approximately 33% of capital expenditure was aligned with the EU Taxonomy in 2022.
6
Recycled content for cans was 56.7%, glass 48.0%, and PET 36.5% in 2022.
7
In 2021, 99,648 tons of CO2e offsets were purchased, representing 0.359% of total emissions, with no specified quality rating.
8
There is no evidence of targets or strategies for avoiding ecosystem conversion or promoting restoration.
9

Respect for Cultures & Communities

-20

Anheuser-Busch InBev has faced criticism for religious appropriation, specifically using the name "Brahma" for a beer brand.

1
The company was also sued by a First Nation tribe in North Carolina for using their logo and slogan, indicating at least two cultural appropriation incidents.
2

Safe & Smart Tech

0

Anheuser-Busch InBev demonstrates good compliance with applicable privacy regulations, including the California Consumer Privacy Act (CCPA), Beer Institute, ICAP, and COPPA.

1
For CCPA, the company provides disclosures on categories of personal information collected, sources, purposes, and sharing, and offers California residents rights to access, delete, and opt-out of data sale.
2
Security reports updated in February 2026 indicate no recent security news or documented data breaches.
3
The company employs a Global Digital Ethics, Cybersecurity & AI Manager, reflecting industry-standard considerations for AI ethics.
4
Data collected from the website is secured in transit using at least TLS 1.2 encryption.
5
Users have standard privacy controls, including rights to access, rectify, delete, and restrict data processing.
6
The company states that data is retained only as necessary.
7

Zero Waste & Sustainable Products

-10

Anheuser-Busch InBev achieved a waste diversion rate exceeding 99.2% in 2013.

1
As of FY24, 89.8% of its products are in returnable or majority recycled content packaging.
2
The company uses approximately 70% recycled aluminum in its North American cans.
3
It has set a company-wide target for 100% of its products to be in returnable packaging or made from majority recycled content by 2025.
4
The company integrates circular design principles through increased use of returnable packaging, initiatives to improve recycled content availability, and development of packaging technologies.
5
It has implemented multiple waste reduction initiatives, including the National Recycling League, pilot programs for packaging collection in Brazil, partnerships with cleantech developers, and investment in packaging infrastructure in the UK.
6

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.