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Anheuser Busch InBev

Courtesy of AB InBev

    Giving farmers a history.

    Farmers in developing countries tend to sell their crops for cash. These deals, often lacking formal records, prevent impoverished people from building credit histories, thereby restricting their access to much-needed financial services. Anheuser Busch InBev started testing a technological solution for the unbanked workers in June 2018. The beverage behemoth, seeking supply chain insights, brought blockchain-powered software—featuring mobile identities, immutable transaction records, and digital payments—to 200 cassava farmers in Zambia. The program, a partnership with 4-year-old, Minneapolis-based tech startup BanQu (AB InBev took an equity stake in June), now has 3,740 participants. Before year-end, AB InBev plans to expand it to an additional 10,000 farmers across Zambia, Uganda, India, Brazil, and Tanzania.

    Bavaria Brewery, AB InBev’s Colombian subsidiary, is in its 10th year of an initiative that aims to source barley, a key beer ingredient, from local growers. The program, called siembra (or “planting”), became economical in 2017 and now has contracts in place with 300 families of farmers. This year Bavaria’s premium brand, Club Colombia, released a special edition brew made only with locally sourced barley; moreover, it committed to sourcing all barley for its three beer varieties—black, red, and blonde—by 2020.

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    Company Information

    Country
    Belgium
    Headquarters
    Leuven, Belgium
    Impact Segment
    Economic Opportunity/Financial Inclusion
    Sector
    Food & Beverages
    Industry
    Beverages
    CEO
    Carlos Brito
    Websitehttp://www.ab-inbev.com
    Company Type
    Public
    Ticker
    BUD
    Prior Year Rank-
    Revenues ($M) (Last Fiscal Year)$54,619
    Profits ($M) (Last Fiscal Year)$4,368
    Market Value ($M) as of 8/12/19$191,883
    Employees172,603

    Refinitiv Sustainable Leadership Monitor