Sustainability Briefingfor Analysts and Investors
June 14th, 2024

Drahomira Mandikova, Group Chief Sustainability Officer, AGH
Purpose driven leader, mentor, corporate communication, public affairs & sustainability expert.
Drahomira has been engaged in sustainability for a number of years now, proactively driving theentrepreneurial sector towards greater sustainability, supporting DEI and empowering female leaders.
In her current role of Group Chief Sustainability Officer in Asahi Group Holdings, Drahomira isoverseeing & implementing sustainability strategies and leading integration of sustainability intomanagement.

CAREER
April 2024 2020 – 20242018 - 20192010 – 20172000 – 2010
1992 – 1999

Group Chief Sustainability Officer, Asahi Group Holdings, Tokyo
Chief Corporate Affairs Officer*, Asahi Europe & International (90 markets in Europe, EMEA, Asia except Japan & Oceania)
Member of the Brewers of Europe ExCom, Chair of Sustainability Expert Group in the Brewers of Europe
Corporate Affairs Consultant, SABMiller in India, Corporate Affairs Director for Europe, SABMiller
Director of Corporate Affairs, Pilsner Urquell Czechia, Board member of the Czech Beer Association
Corporate Affairs Manager, Member of Board, Pilsner Urquell Slovakia,Board member of the Slovak Beer Association, Presidend of the Donors Club, Arbitrate Committee member, Head of Board SABP
Economist, Investment Bank, Slovakia

EDUCATION
The Economics of Mutuality: Leading for Mutual Value Creation, The University of Oxford
Comenius University Bratislava, Social work
School of Economics, Bratislava*Corporate Affairs area cover Sustainability, Public Affairs, Corporate communication, reputation management, crisis management, internal communicationⒸASAHI GROUP HOLDINGS. All rights reserved.

2Agenda

1. Sustainability and Key Global Sustainability Targets

2. 2023 Results
3. Drinking in Moderation as Enabler of Growth
4. Visualizing our ImpactⒸASAHI GROUP HOLDINGS. All rights reserved.

3

Sustainability Strategy
Realizing sustainability across the value chain

Objective

As a group, we aim to manage risks and create opportunities while aspiring to make a positive impact forbusiness and society with our products and services.

Material issues
and InitiativesⒸASAHI GROUP HOLDINGS. All rights reserved.

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Key Global Sustainability Targets
2025

2030

2040

Reduce CO2 emissions by 40% in Scope 1 and 2(vs 2019)

Respond toClimate Change

Reduce CO2 emissions by 70% in Scope 1 & 2 (vs 2019)
Reduce CO2 emissions by 30% in Scope 3 (vs 2019)
Achieve Scope 1, 2, & 3 CO2 Net Zero by 2040

Sustainable
Packaging

Achieve a 100% conversion of PET bottles to recycled materials, biobased materials etc.
Reduce average water intensity to 3.2 m3/kl or less globally and to 2.7
m3/kl or less in key manufacturing sites located at our priority basins.

Sustainable Water
Resources
100% of manufacturing sites located in water risk areas implement
initiatives to address identified risks.

ⒸASAHI GROUP HOLDINGS. All rights reserved.

5Key Global Sustainability Targets
2030
Solution of Alcohol-related
Issues through Creation ofNew Drinking
Opportunities

Respect for
Human RightsⒸASAHI GROUP HOLDINGS. All rights reserved.

Achieve 20% sales composition ratio of non-alcohol and low-alcohol
beverages to major alcohol beverage products.

By 2030, implement human rights due diligence for 100%*1 of own
employees and 100% *2 of Tier 1 direct suppliers, and ensure that each
operating company and functional department continuously monitors thePDCA cycle

6Agenda

1. Sustainability and Key Global Sustainability Targets

2. 2023 Results
3. Drinking in Moderation as Enabler of Growth
4. Visualizing our ImpactⒸASAHI GROUP HOLDINGS. All rights reserved.

7

2023 Results : Respond to Climate Change
ThemeTarget

2023 Results• Reduce CO2 emissions (vs 2019)
Respond toClimate Change

Initiatives

by 40% in Scope 1 and 2 by 2025
by 70% in Scope 1 and 2 by 2030
by 30% in Scope 3 by 2030
• Achieve Scope 1,2 and 3 CO2 Net Zero by 2040

Achieving all 31 manufacturing sites in Japan
with access to RE for purchased electricityⒸASAHI GROUP HOLDINGS. All rights reserved.

Scope 1 and 2: 32% reduction vs 2019
Scope 3: 12% reduction vs 2019

Expanding solar energy projects
in Malaysia and Indonesia

82023 Results : Sustainable Packaging
Theme

SustainablePackaging

Initiatives

Target2023 ResultAchieve a 100% conversion to recycled materials, biobased materials, etc. for PET bottles by 2030

Actual rate of use: 25%

Circular Plastics Australia revolutionized
plastic recycling in Australia by building thecountry’s two largest PET recycling plantsⒸASAHI GROUP HOLDINGS. All rights reserved.

PET bottle circularity by building
partnership between Asahi Soft Drink,Coca-Cola bottlers Japan and Akashi City

92023 Results : Sustainable Water Resources
ThemeTarget

2023 Result• By 2030, reduce average water intensity to 3.2 m3/kl or less globallyand to 2.7 m3/kl or less in key manufacturing sites located at ourpriority basins.
Sustainable
Water Resources

Initiatives

Actual water intensity: 3.4 m3/kl• By 2030, 100% of manufacturing sites identified to be located in waterrisk areas implement initiatives at basins to address identified risks.

Piloting a digital water risk assessment tool for
more timely informed decision makingⒸASAHI GROUP HOLDINGS. All rights reserved.

Regional collaboration at basin levelto address water issues in Netherland

102023 Results : Human Rights
Theme

Respect for
HumanRights

TargetImplement human rights
education for employees twice ayear

2023 Result

Number ofimplementations: 3New Target
By 2030, implement human rights due diligence for100% of own employees and 100% of Tier1* direct
suppliers, and ensure that each operating company
and functional dpt. continuously monitors the PDCA**cycle*Tier 1 direct suppliers = raw materials and packaging over $100,000 USD spend

Key initiatives in 2024** PDCA = Plan-Do-Check-Act• Risk assessments of manufacturing sites in high-risk countries will be carried out and on-site audits will be
conducted at sites identified as high-risk.
• Conduct risk assessments of primary suppliers of raw materials and identify high-risk suppliers.
Subsequently, sites identified as high risk will be subject to on-site audits and remediation of issues.

ⒸASAHI GROUP HOLDINGS. All rights reserved.

11Agenda

1. Sustainability and Key Global Sustainability Targets

2. 2023 Results
3. Drinking in Moderation as Enabler of Growth
4. Visualizing our ImpactⒸASAHI GROUP HOLDINGS. All rights reserved.

12

We Support Drinking in Moderation
That's why our Alcohol Framework underpins our work andguides our everyday decisions:
Discouraging
irresponsible
drinking isimportant tous. As acompany wecare about
the effects ofirresponsible
alcoholconsumptionⒸASAHI GROUP HOLDINGS. All rights reserved.

• We have our six core alcohol principles• We have our policies on commercial communication, market research, productportfolio, employee behavior, and industry self-regulations• We have our guidelines, best practices and position papers to support our country
operationsAsahi GroupResponsible
DrinkingPrinciples(six coreprinciples)

広告宣伝自主基準
Self-Standards forAdvertising13

WHO’s Global Alcohol Action Plan (2022-2030)
Global Alcohol Action Plan(WHO, 2022-2030)

Global Targets for 2030 (vs. 2010) :Reduce harmful use of alcohol by20%
Indicators:
1. Pure alcohol consumption per capita
2. Heavy Episodic DrinkingⒸASAHI GROUP HOLDINGS. All rights reserved.

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Consumer Trend : health and well-being
It’s not just Gen-Z: behaviors that echo the trends towards moderation
Consumers are more conscious of their health post pandemic

60% 81%of no/low consumers areactively trying to reduce
their consumption of alcohol
drinksincrease in global mentions of‘non-alcohol’ on social media
in a single year, with ‘mocktail’
rising by 42 percent.

Source: IWSR No/Low Strategic Study December 2022, *Media tracking from Social Standards(Gen-Z in Australia, Brazil, Canada, France, Germany, Japan, South Africa, Spain, UK, and US)ⒸASAHI GROUP HOLDINGS. All rights reserved.

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2023 Results : Solution of Alcohol-related Issues
ThemeTarget

2023 Result

Solution of Alcohol-related
Issues through Creation ofNew Drinking Opportunities

Achieve 20% sales composition ratio of non-alcohol and lowalcohol beverages to major alcohol beverage products by
2030

Actual sales composition: 10.5%Initiatives• Joint research with Tsukuba University on reduction of alcohol consumption by
providing non-alcohol beverages.
• Research findings on the effectiveness of non-alcohol beverages in reducing alcohol
consumption will be explained to various medical institutions and propose freesampling of non-alcohol beverage. Institutions can offer non-alcohol beverages topatients in need of reducing alcohol consumption.

Source: Research News of University of TsukubaⒸASAHI GROUP HOLDINGS. All rights reserved.

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Agenda1. Sustainability and Key Global Sustainability Targets

2. 2023 Results
3. Drinking in Moderation as Enabler of Growth
4. Visualizing our ImpactⒸASAHI GROUP HOLDINGS. All rights reserved.

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Visualizing our Impact
Aim to quantitatively visualize the business and social impact createdby our sustainability initiatives

Purpose

1. Incorporate the quantitative impact into prioritization ofinitiatives, investment decisions and progress management
2. Enhance engagement with stakeholders throughsophisticated disclosureⒸASAHI GROUP HOLDINGS. All rights reserved.

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Initiative in 2023
Starting with the creation of a “value relevance map”, the initiative
proceeds in three phases
Process2023 Value Relevance Map~excerpt from the environment theme~

Create and verify”Value Relevance Map”

Visualize business impact

Visualize social impactⒸASAHI GROUP HOLDINGS. All rights reserved.

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