A welcome from our Chairman and our Chief Executive Officer
We are proud to share our 2015 Corporate Responsibility Report, including the significant progress made against our social and environmental targets and our continued commitment to becoming an even more sustainable business in the long term. This report covers our FY2015, which covers April 1, 2014 - March 31, 2015.
In this interim report, we continued to follow the approach used in fiscal 2014 (aligned to GRI G3), in advance of deciding our approach to future reporting.
We are also aligned with principles set forth in the
United Nations Global Compact, that encourage the
adoption and reporting of sustainable and socially
responsible policies. These standards guide our
overall approach to Corporate Responsibility and
how we communicate our progress.
The Bacardi corporate responsibility program comprises five core pillars:
In FY2015, we continued to play an influential role in encouraging responsible decision-making by legal drinking age (LDA) consumers and discouraging inappropriate consumption of our products.In line with the Producers’ Commitments to Reduce Harmful Drinking, we achieved 100% compliance with regard to marketing agency contracts, increased our education programs by 34% from 2013, and were found to be 94% compliant with advertisement regulations in the EU.
In our Responsible Sourcing section, you will see our continued commitment to identifying and developing sustainable sourcing practices across our business. In order to advance our strategy in responsible sourcing in the agriculture sector, we joined the Sustainable Agriculture Initiative (SAI) platform.
We are also well within reach of our goal to obtain 100% of sugarcane-derived products from sustainably certified sources by 2022.
We launched a revised global people strategy in FY2015 to ensure we unleash the potential of our employees – the best ambassadors for our brands and Company. We developed an intensive coaching program for key talents to support career progression and development. This is complemented by our wider ‘values-based performance training’ for line leaders. We also conducted an employee survey to support our commitment to building an even more engaged workforce. We are pleased to report 86% of our employees are proud to work for Bacardi.
Environment, Health & Safety
Our ambitious global sustainability initiative introduced in FY2014 ‘Good Spirited: Building a Sustainable Future’ has supported our promise to strive for continual improvement in minimizing our impact on the natural world around us and help to build a more sustainablefuture. In fiscal 2015, we exceeded our targets in improving water and energy efficiency and recycling and have clear action plans in place at each of our manufacturing sites.
The five-year health and safety plan introduced in fiscal 2014 also resulted in a remarkable 65% reduction on the Lost Time Accident (LTA) Rate in our manufacturing sites compared to the prior year. We are now anticipating we will achieve an overall LTA rate of less than 1 per million of worked hours by 2017.
Philanthropy and Community Involvement
We continue to give back by partnering with various organizations that benefit the local communities where we operate. By engaging more of our employees in these events we continue to build on one of our most important values – Caring. This past year we increased our employee volunteer time hours from 7,950 to 9,610.
The significant progress we made in FY2015 would nothave been possible without the unwavering dedication,skillful efforts and hard work of our employees aroundthe world. We will continue to review all aspects ofour operations, facilities and activities to meet oursustainability commitments and stakeholder expectations. We thank our employees and ourstakeholders for all they do.