Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDiageo Share News (DGE)

Share Price Information for Diageo (DGE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,729.00
Bid: 2,727.50
Ask: 2,728.50
Change: 0.00 (0.00%)
Spread: 1.00 (0.037%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 2,729.00
DGE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Waterworld: How beverage company Diageo is rethinking water usage

Thu, 07th Jan 2021 05:00

By Chris Taylor

NEW YORK, Jan 7 (Reuters) - When you sit down at the end of
the day with a glass of Johnnie Walker or Captain Morgan, you
probably do not think much about all the water that goes into
that glass.

But Perry Jones does.

As head of the North American supply chain for beverage
behemoth Diageo Plc - which produces not only the above
brands, but everything from Tanqueray gin to Don Julio tequila
to Guinness beer - the buck stops with Jones.

So from the water used in producing raw materials, to the
water in the finished product, to the wastewater produced along
the way, Jones is constantly thinking about how to source it,
how to treat it, and how to use less of it.

It is a pressing issue on a global scale: Climate change,
droughts, population growth and pollution are all squeezing
supply. As a result, 2 billion people live in nations that are
facing water stress, according to the United Nations.

Reuters sat down with Jones to peek into the future of a
most precious global resource. Edited excerpts are below.

Q: You are rethinking your relationship to water, so what
targets have you set?

A: We have set our 2030 goals, which represent our 10-year
ambition for a more inclusive and sustainable world.

We are focusing on three areas: One is promoting responsible
drinking, the second is championing inclusion and diversity, and
the third is devoted to grain-to-glass sustainability. That
means things like water preservation, replenishing sources,
carbon neutrality, wastewater treatment, sustainable packaging,
and supporting small farmers.

Q: What does this mean in terms of water usage?

A: We have already made a lot of progress, but from this
point forward we are calling for another 30% reduction in our
water usage by 2030. We want to leave Earth in a better place
than we found it, so at a minimum we want to replenish what we
are taking.

Q: How exactly do you replenish water sources?

A: There are a few different ways you can look at it. One is
the planting of trees, which reduces runoff and helps get water
back into aquifers.

Another is to improve water quality and access to clean
drinking water – in India, for example, we set up community
water purification plants with chillers and water ATMs in
villages in the Nagpur district. Other projects cover rainwater
harvesting, wetland restoration and desilting dams.

Q: How do your water targets filter down to the factory
level – or how do suggestions filter up?

A: We have a management process where we review what our
actual water usage is, versus what our theoretical usage should
be, every day across the globe. So water issues or concerns or
suggestions get elevated up to the manager level, then to site
directors, then to VPs, then to the C-Suite level.

We have metering that tells us what came in the door, how it
was deployed, and how much went out in the product. That helps
us identify any losses, so we can correct them.

Q: How is technology helping with these goals?

A: You want to get water usage to the optimum level the
equipment is designed for, and where the systems are outdated
and you can’t meet your water targets, you want to upgrade to
new technology.

For example, in our Plainfield, Illinois, plant, we saw a
40% reduction in water usage. And in one of our Canadian plants,
we reduced our water loss by 50%.

Q: People are worried about water supplies, so has this
issue become front-and-center in recent years?

A: It has always been a center of discussion, but what I am
seeing is a broader collaboration across the beverage industry,
as we support each other on this journey. We may be competitors
when we go to market, but when it comes to sustainability we
look at everyone as a partner.

We share technology and learning, because we don’t operate
in a vacuum. This is a much bigger issue than just our company.

Q: When you are having a drink, do you think about all this
stuff?

A: I’m a vodka drinker, so I usually drink Smirnoff. I think
about everything that went into that glass, and I’m proud of it.
(Reporting by Chris Taylor in New York
Editing by Lauren Young and Matthew Lewis)

More News
30 Jan 2024 08:48

TOP NEWS: Rum-maker Diageo profit hit by sales decline in Caribbean

(Alliance News) - Diageo PLC on Tuesday said half-year revenue and profit were hurt by a decline in sales in Latin America and the Caribbean.

Read more
30 Jan 2024 08:26

CORRECT: Diageo sales fall; Auction Technology performs in line

(Correcting that Diageo's profit fell.)

Read more
30 Jan 2024 07:45

LONDON BRIEFING: Diageo sales fall; Auction Technology performs in line

(Alliance News) - Stocks in London are called to open higher on Tuesday, ahead of some key economic data and monetary policy decisions.

Read more
30 Jan 2024 07:06

Diageo's first-half profits fall 11% on LatAm-Carribean weakness

(Sharecast News) - First-half profits at Diageo fell by more than a tenth as weakness in the Latin American and Caribbean (LAC) regions persisted, but the drinks giant pointed to improving trading conditions in the latter part of the financial year.

Read more
26 Jan 2024 17:08

LVMH, Remy Cointreau results boost European shares to 2-year highs

LVMH jumps on Q4 sales growth

*

Read more
26 Jan 2024 16:21

London close: Stocks finish higher as US inflation cools

(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.

Read more
26 Jan 2024 11:55

Remy's shares soar on signs of US, China improvement

Q3 sales down underlying 23.5%, better than expected

*

Read more
26 Jan 2024 11:22

Diageo's Kenyan unit calls Tusker beer sale report 'market speculation'

NAIROBI, Jan 26 (Reuters) - East African Breweries (EABL), the Kenyan unit of Diageo Plc, on Friday dismissed a media report that its parent company wants to sell the Tusker beer brand as part of broader cuts.

Read more
26 Jan 2024 10:41

Remy Cointreau tracks best day in 22 years after Q3 sales beat

Read more
26 Jan 2024 08:13

Remy Cointreau jumps after Q3 sales

Read more
23 Jan 2024 14:32

UK earnings, trading statements calendar - next 7 days

Wednesday 24 January 
abrdn PLCTrading Statement
Britvic PLCTrading Statement
Computacenter PLCTrading Statement
easyJet PLCTrading Statement
Fresnillo PLCTrading Statement
Hargreaves Services PLCHalf Year Results
Hochschild Mining PLCTrading Statement
JD Wetherspoon PLCHalf Year Results
Lords Group Trading PLCFull Year Results
PayPoint PLCTrading Statement
PensionBee Group PLCTrading Statement
Quilter PLCTrading Statement
TI Fluid Systems PLCTrading Statement
Tullow Oil PLCTrading Statement
Watkin Jones PLCFull Year Results
Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Dr Martens PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Workspace Group PLCTrading Statement
Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
16 Jan 2024 16:03

Diageo resolves all disputes with rapper Diddy on racism allegations

(Alliance News) - Diageo PLC on Tuesday said it has agreed to resolve all disputes with US rapper Sean "Diddy" Combs, who accused the spirits maker of racism last year.

Read more
16 Jan 2024 15:18

Diageo settles legal dispute with Sean Combs

(Sharecast News) - Diageo said on Tuesday that it has agreed to resolve all disputes with Sean Combs, after the rapper accused the drinks company of racism and of neglecting their business agreements regarding the Ciroc Vodka and DeLeon Tequila brands.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
12 Jan 2024 15:04

Olympics-Alcohol-free Corona Cero to be official Paris beer as AB InBev signs deal

LONDON, Jan 12 (Reuters) - Anheuser-Busch InBev will be an official sponsor for three Olympic Games starting with the Paris 2024 summer event this year, the brewer said on Friday, naming its alcohol-free Corona Cero as the official beer of the Games.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.