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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.

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

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