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
5 Oct 2023 15:47

UK dividends calendar - next 7 days

Friday 6 October 
Admiral Group PLCdividend payment date
Alfa Financial Software Holdings PLCspecial dividend payment date
Anglo-Eastern Plantations PLCdividend payment date
Blackrock World Mining Trust PLCdividend payment date
Cairn Homes PLCdividend payment date
Dalata Hotel Group PLCdividend payment date
Drax Group PLCdividend payment date
Glanbia PLCdividend payment date
GlobalData PLCdividend payment date
Goodwin PLCdividend payment date
Greggs PLCdividend payment date
Intertek Group PLCdividend payment date
Irish Continental Group PLCdividend payment date
JPMorgan American Investment Trust PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Land Securities Group PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Quartix Technologies PLCdividend payment date
Serco Group PLCdividend payment date
Walker Crips Group PLCdividend payment date
Warehouse REIT PLCdividend payment date
Zotefoams PLCdividend payment date
Monday 9 October 
Henderson Smaller Cos Investment Trust PLCdividend payment date
LondonMetric Property PLCdividend payment date
Tuesday 10 October 
LSL Property Services PLCdividend payment date
Wednesday 11 October 
Assura PLCdividend payment date
Rathbones Group PLCdividend payment date
Thursday 12 October 
Blackrock Latin American Investment Trust PLCex-dividend payment date
Breedon Group PLCex-dividend payment date
Diageo PLCdividend payment date
GSK PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
Invesco Bond Income Plus Ltdex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Mid Cap Investment Trust PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
MP Evans Group PLCex-dividend payment date
Macfarlane Group PLCdividend payment date
North American Income Trust PLCex-dividend payment date
Oxford Instruments PLCdividend payment date
Persimmon PLCex-dividend payment date
Personal Group Holdings PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Ruffer Investment Co Ltdex-dividend payment date
Senior PLCex-dividend payment date
Spirax-Sarco Engineering PLCex-dividend payment date
Strategic Equity Capital PLCex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Tesco PLCex-dividend payment date
TT Electronics PLCdividend payment date
WPP PLCex-dividend payment date
XP Power Ltddividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
3 Oct 2023 08:41

IN BRIEF: Diageo launches USD1.7 billion bond offering

Diageo PLC - London-based brewer and distiller with brands including Baileys, Tanqueray, Johnnie Walker, Smirnoff and Captain Morgan - Launches and prices USD1.7 billion Securities & Exchange Commission-register bond offering, scheduled to settle on Thursday. Comprises USD800 million 5.375% fixed rate notes due 2026 and USD900 million 5.625% fixed rate notes due 2033. Says issuer is Diageo Capital PLC, with the payment of principal and interest fully and unconditionally guaranteed by Diageo. Will use proceeds for general corporate purposes.

Read more
29 Sep 2023 09:15

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

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

Read more
28 Sep 2023 09:12

IN BRIEF: Diageo says still well-positioned on medium-term guidance

Diageo PLC - London-based brewer and distiller with brands including Baileys, Tanqueray, Johnnie Walker, Smirnoff and Captain Morgan - Ahead of annual general meeting on Thursday, Chief Executive Officer Debra Crew says she is "excited" by "the many growth opportunities we see in front of us". Diageo says it remains well-positioned to deliver its medium-term guidance for financial 2023 to financial 2025 of organic sales growth consistently in the range of 5% to 7%, alongside organic operating profit growth sustainably between 6% to 9%. The company's financial years end on June 30.

Read more
28 Sep 2023 08:53

LONDON MARKET OPEN: Stocks red; elevated oil prices bolster rate fears

(Alliance News) - Stock prices in London opened lower on Thursday as worries around the ailing Chinese property sector and the growing likelihood of interest rates remaining higher for longer weighed on market mood for yet another day.

Read more
28 Sep 2023 07:43

LONDON BRIEFING: William Hill-owner 888 expects drop in annual revenue

(Alliance News) - Stocks in London were called flat on Thursday as markets grappled with a deepening property crisis in China and the prospect of interest rates staying higher for longer.

Read more
28 Sep 2023 07:28

Diageo on track despite persistent cost pressures

(Sharecast News) - Drinks giant Diageo said on Thursday it remained well-positioned to deliver on its guidance, despite ongoing cost pressures and macroeconomic uncertainty.

Read more
21 Sep 2023 15:50

UK shareholder meetings calendar - next 7 days

Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Pharma C Investments PLCGM re executive changes
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
13 Sep 2023 09:29

LONDON BROKER RATINGS: Goldman Sachs likes HSBC; RBC raises CVS

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

Read more
8 Sep 2023 09:16

LONDON BROKER RATINGS: SocGen raises Next to 'buy' from 'hold'

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

Read more
8 Sep 2023 09:00

Deutsche Bank lifts target prices for Britvic and Diageo

(Sharecast News) - Deutsche Bank has lifted target prices across the whole European beverages sector, recommending investors to "buy beer, stick with soft, stay selective [on] spirits".

Read more
6 Sep 2023 15:43

From suppliers to costs, sustainability goals challenge companies

LONDON, Sept 6 (Reuters) - As they endeavour to meet lofty sustainability goals, companies from Japan's Asahi to retailer John Lewis face challenges like confusion among suppliers, tough legislation, and friction with top management over costs, executives said.

Read more
31 Aug 2023 10:49

Pernod Ricard shares drop on China and U.S. sales warning

Profit from recurring operations up 11% at 3.348 bln euros

*

Read more
21 Aug 2023 08:30

JPMorgan picks three UK defensive stocks to watch

(Sharecast News) - JPMorgan has kept its 'overweight' rating on UK-listed consumer goods and staples stocks Diageo, Reckitt Benckiser and Imperial Brands, saying the companies are "well positioned" going into the second half of the year.

Read more
17 Aug 2023 15:43

UK dividends calendar - next 7 days

Friday 18 August 
British American Tobacco PLCdividend payment date
Castings PLCdividend payment date
CML Microsystems PLCdividend payment date
Elixirr International PLCdividend payment date
FirstGroup PLCdividend payment date
Halma PLCdividend payment date
Invesco Bond Income Plus Ltddividend payment date
JPMorgan Japan Small Cap Growth & Income PLCdividend payment date
Momentum Multi-Asset Value Trust PLCdividend payment date
Primary Health Properties PLCdividend payment date
Monday 21 August 
no events scheduled 
Tuesday 22 August 
no events scheduled 
Wednesday 23 August 
Axiom European Financial Debt Fund Ltddividend payment date
Porvair PLCdividend payment date
Thursday 24 August 
abrdn Asia Focus PLCex-dividend payment date
Arbuthnot Banking Group PLCex-dividend payment date
Artemis Alpha Trust PLCex-dividend payment date
Atlantis Japan Growth Fund Ltdex-dividend payment date
Auto Trader Group PLCex-dividend payment date
Aviva PLCex-dividend payment date
Brickability Group PLCex-dividend payment date
Carr's Group PLCex-dividend payment date
Cohort PLCex-dividend payment date
Diageo PLCex-dividend payment date
Drax Group PLCex-dividend payment date
Glanbia PLCex-dividend payment date
Haleon PLCex-dividend payment date
Hammerson PLCex-dividend payment date
Henderson Smaller Cos Investment Trust PLCex-dividend payment date
HICL Infrastructure PLCex-dividend payment date
Ibstock PLCex-dividend payment date
Just Group PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Legal & General Group PLCex-dividend payment date
Lookers PLCex-dividend payment date
Merchants Trust PLCdividend payment date
Mondi PLCex-dividend payment date
OSB Group PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Qinetiq Group PLCdividend payment date
Shaftesbury Capital PLCex-dividend payment date
St James's Place PLCex-dividend payment date
Temple Bar Investment Trust PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
XPS Pensions Group PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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.