Corporate Responsibility at Bacardi
Bacardi’s commitment to being corporately responsible extends into every aspect of our business. From the importance of quality of ingredients and how we source our materials, to the impact we leave on the world around us and the need to reduce alcohol-related harm, coupled with our strong corporate governance, ethics and compliance, we actively strive to fulfill our broader responsibilities to society at large.
This commitment has been a part of our company since our founder, Don Facundo Bacardí Massó, started using surplus amounts of molasses in Cuba in 1862 to craft his rum and repurposed old whisky barrels to age his rum. Our founder was also a committed corporate citizen, taking care of his community when he led relief efforts after a devastating earthquake struck Santiago de Cuba in 1852.
Our corporate values of Trust, Passion, Caring, and Excellence guide our approach to Corporate Responsibility. Our aim is to deliver Corporate Responsibility programs that make a difference and are responsive to stakeholder expectations.
By living our values every day, we also commit ourselves to contributing to a more sustainable future for all our stakeholders. By caring deeply and passionately about our business and the world around us, we excel in creating brands consumers can trust.
For the third consecutive year, Bacardi Limited has been named among the most reputable companies in the world. This praise comes from the annual Global RepTrak® 100 list released by Reputation Institute and published in Forbes. The ranking is based on the public's perception of innovation, leadership, governance, citizenship, workplace, performance, and products/services.
Our Core Pillars
Through stakeholder research and a materiality assessment, we have identified priority areas which have been grouped under five pillars. These broad themes are where our business impacts society and where we are focusing our Corporate Responsibility efforts. These are:
- Marketplace (Responsible drinking and marketing)
- Responsible Sourcing
- Philanthropy & Community Investment
Our Approach in Context
Our Corporate Responsibility approach is guided by the world in which we live and work. As a signatory to the UN Global Compact, we commit to their principles and communicate on our progress every year. We are also mindful of other global standards and we strive to align our targets with their goals, including:
- UN Sustainable Development Goals
- The Ethical Trading Initiative (ETI) Base Code
- The United Nations Universal Declaration of Human Rights
- The Fundamental Conventions of the International Labor Organization
- UN Convention on Biological Diversity
- World Health Organization’s Global Strategy to Reduce Harmful Use of Alcohol
- United Nations Framework Convention on Climate Change
We are proud of the quality and heritage of our company and our brands, and Corporate Responsibility is an integral component of our business. We invite you to learn more about our work in each of our priority areas and our goals for the future.