About this report

We are proud to present our Sustainability Performance Update for 2024. Our approach continues to be governed by our commitment to ensure Lion is a force for good in the world, delivering enduring environmental leadership, long-term positive social impact, and best practice governance. And to hold ourselves to account, we've set evidence-based goals to 2027 and beyond.

Report parameters

Unless otherwise stated, performance data is relevant to our Australia and New Zealand operations for calendar year 2024. This report is produced with reference to the GRI Standards 2021 and applicable Topic Standards 2016-2020. Lion Pty Limited (Lion) engaged KPMG to perform limited assurance in relation to elements of these selected material sustainability metrics:

• Zero carbon
• Circular Economy
• Water Stewardship
• Safety

Refer to KPMG's assurance statement for details.

The GRI Index provides the list of disclosures we have reported against. The datapack and basis of reporting is also available for download.

Our SDG alignment

Our Sustainability Strategy supports the following United Nations Sustainable Development Goals (SDGs):

A message from our Sustainability Director

I am proud to present the 2024 Sustainability Performance Update.

Over the past year, we have continued strong progress against our core Force for Good commitments notwithstanding challenging market conditions, and welcomed new collaborations with our suppliers, customers, and industry to further advance our collective impact.

Thanks for taking the time to learn about our efforts to strengthen the resilience of the communities we operate within, encourage and champion responsible use of our products, advance our reconciliation efforts, and ensure we have positive impact on the environment now and for generations to come.

Our new Force for Good Strategy

2024 showed us the power of collaboration for accelerating and amplifying our impact. Therefore, our new Force for Good strategy increases emphasis on driving bold collaboration in our value chain recognising there are limits to impact when Lion acts in isolation, and a resilient supply chain depends on trusted and transparent relationships. Our motivation is to be a force for good by role modelling climate leadership in our industry with relentless focus on energy efficiency, biogas production, rooftop solar installations and showcasing water stewardship with high volume water recycling technologies at our largest breweries.

Having achieved milestones on key Environmental, Social and Governance (ESG) material topics, the new strategy is also evolving from the traditional approach of addressing material topics in isolation, to targeting ESG projects where these topics intersect and overlap, and where we can efficiently leverage our ESG leadership credentials to create and scale shared value. The Re-In-Can-Ation project is a great example where the recycling and decarbonisation intersect and where value can be shared with our supply chain partners.

Our people

While we continue to evolve our Force for Good strategy, we are always grateful for the steadfast energy and resilience our people continue to contribute and we place a strong emphasis on the wellbeing of our team members and those of our customers. We also know that having a diverse workforce and inclusive culture will help us attract and retain the best talent, develop a workplace culture of respect and be more innovative and relevant to our customers and consumers.

In 2024, our volunteering in the community more than doubled, proving once again that our people show up when it matters and doing the right thing for the long term is truly embedded in our culture.

Justin Merrell
Sustainability Director