Our ESG reporting approach
Reporting transparently on the ESG issues that affect our business, and that our business creates, plays a vital role in delivering our strategy. It helps 
us to manage ESG risks, take opportunities and promote sustainable development everywhere we live, work, source and sell.
Our ESG reporting suite aims to provide comprehensive and comparable disclosures for a broad range of stakeholders. As well as publishing our 
integrated Annual Report and ESG Reporting Index each year, we also submit non-financial information to benchmarking and index organisations, 
including those listed on the Awards and ranking page of our website. 
The non-financial reporting space is evolving quickly. We are committed to continually evaluating and improving our approach and to actively 
tracking emerging ESG regulation, frameworks and good practice.
How we report to our stakeholders – our reporting suite
Annual Report Where we present our 
most material disclosures and describe how 
our strategy delivers value for our business 
and other stakeholders. The performance of 
non-financial KPIs are integrated into the 
relevant focus area sections. The document 
also includes detailed non-financial 
reporting boundaries and methodologies.
Diageo.com Where, through the ‘Society 
2030: Spirit of Progress‘ section, we give 
more details of our approach and 
performance, with examples of our strategy 
in action. 
ESG Reporting Index Where we give 
additional disclosures in line with the GRI 
Standards and the UNGC advanced reporting 
criteria index, plus our response to the 
Sustainability Accounting Standards Board 
(SASB). This document also includes detailed 
non-financial reporting boundaries and 
methodologies.
Who are our stakeholders? Everyone who is affected by our business, and everyone who affects it, is a stakeholder. A detailed description of our 
stakeholder engagement process is on pages 110-113 of this Annual Report.
Non-financial and sustainability information statement
Focus area
Relevant policies and standards
Read more in this report
Page
Description of Diageo’s business model
•
Business model
24-25
Society 2030: Spirit of Progress'
•
'Society 2030: Spirit of Progress'
57
Promote positive drinking
•
Global Marketing and Digital Marketing Policy(1)
•
Global Employee Alcohol Policy(1)
•
Position papers(1)
•
Promote positive drinking including 
performance of the relating metrics
58-60
32-35
Champion inclusion and diversity
Our people and culture
•
Code of Business Conduct(1)
•
Great Britain and Scotland Gender Pay Gap Report 
2022
•
Republic of Ireland Gender Pay Gap Report 2022
•
Global Human Rights Policy(1)
•
Champion inclusion and diversity including 
performance of the relating metrics
•
Our people and culture
67-70
63-64
Pioneer grain-to-glass sustainability
•
Global Environment Policy(1)
•
Sustainable Agriculture Guidelines(1)
•
Sustainable Packaging Commitments(1)
•
Partnering with Suppliers Standard(1)
•
Deforestation Guidelines
•
Pioneer grain-to-glass sustainability including 
managing climate risks and opportunities 
and performance of the related metrics
•
Our principal risks and risk management
71-87
88-93
Task Force on Climate-related Financial 
Disclosures
•
Pioneer grain-to-glass sustainability including 
managing climate risks and opportunities 
and performance of the related metrics
•
Our principal risks and risk management
71-87
88-93
Human rights
•
Global Human Rights Policy(1)
•
Modern Slavery Statement(2)
•
Global Brand Promoter Standard(1)
•
Doing business the right way
•
Our principal risks and risk management
61-62
88-93
Health and safety
•
Global Health, Safety and Wellbeing Policy(1)
•
Health and Safety
65-66
Anti-bribery and corruption
•
Code of Business Conduct(1)
•
Doing business the right way
•
Our principal risks and risk management
61-62
88-93
(1)
https://www.diageo.com/en/our-business/corporate-governance/code-of-business-conduct/policies-and-standards
(2)
https://www.diageo.com/en/esg/doing-business-the-right-way-from-grain-to-glass/modern-slavery-statement
This Strategic Report, which has been approved by a duly appointed and authorised committee of the Board of Directors, was signed on its behalf 
by Tom Shropshire, the Company Secretary, on 31 July 2023. 
NON-FINANCIAL AND SUSTAINABILITY INFORMATION STATEMENT
95
Diageo  Annual Report 2023
S T R A T E G I C  R E P O R T