We are proud to announce
the publication of the fourth Bacardi Limited Corporate Responsibility Report.
This shows the progress we have made in Corporate
Responsibility (CR) in fiscal year 2011. We have made a lot of
progress on the long journey to become a sustainable business
and will continue to make more developments in the years ahead.
2011 PDF
2010 PDF
2009 PDF
2008 PDF
Bacardi Limited is the largest privately held spirits company in the world. The Company produces and markets a variety of super premium and premium spirit brands that are distributed and sold globally. We are committed to managing our operations responsibly to benefit our people, consumers, customers, suppliers, local communities and to protect the environment.
For the first time we are reporting in line with the Global Reporting Initiative (GRI) guidelines. This is an important step in communicating with our stakeholders and building trust in our approach to Corporate Responsibility. GRI Index
We detail our CR commitments in policies in the
following priorities:
High standards of corporate governance are essential for the long term success of the Company and the satisfaction of its stakeholders.
We are committed to protecting the environment and conserving natural resources.
WWe are proud of our long and rich heritage of philanthropy and local community support that is aligned with Company values and history.
A socially responsible approach to brand building is a business imperative for our portfolio of super premium and premium spirit brands.
Working in close co-operation with our suppliers strengthens our business and improves the quality of life for the people we touch.
We have a heritage of people building strong brands; how our people are treated and valued directly relates to our success.
We have a heritage of people building
strong brands; how our people are
treated and valued directly relates
to our success.
Corporate Responsibility governance and management
Overall responsibility for Corporate Responsibility rests with the Vice President (VP) of Corporate Planning, who is a member of the Bacardi senior leadership team (BLT). The BLT reports on Corporate Responsibility to the Bacardi Board and Chairman once yearly. Reporting to the VP Corporate Planning is the Corporate Responsibility Leadership Team (CRLT), which is responsible for setting and delivering the goals of our Corporate Responsibility strategy. It comprises senior managers from various global functions and business units. CRLT members work with their functions and regions to develop action plans to achieve the objectives of our Corporate Responsibility pillars.
Reporting Progress
The CRLT reviews progress on Corporate Responsibility on an ongoing basis, and provides regular updates to the BLT. Due to the active nature of some of the projects within the Corporate Responsibility pillars, they are reviewed at least quarterly with the BLT.
We remain committed to
adhering to the ten principles
of responsible business
behavior articulated in
the Global Compact.
In 2008 Bacardi signed the United Nations Global Compact (UNGC). We remain committed to adhering to the ten principles of responsible business behavior articulated in the Global Compact. Our Communication on Progress can be found on the inside back cover of our 2011 CR Report.
2011 PDF 2010 PDF 2009 PDF 2008 PDF
Bacardi Will:
Integrate Corporate Responsibility into the Company's governance arrangements at all levels of management.
Set goals and seek continuous improvement that meet or exceed the requirements of applicable legislation and regulations.
Gather meaningful management information to understand Corporate Responsibility performance and progressively publish such information.
Regularly monitor and respond to stakeholder views on Corporate Responsibility