A WORD FROM OUR CEO

A word from our CEO

Since our founding in 1871, we have grown from a small brewery into a respected global family of craft breweries, with a shared passion for brewing excellence, innovation, and a deep respect for our people and the environment. Our commitment to producing high-quality, world-class beers has always been at the heart of what we do, but as we move forward, it is clear that our role extends beyond brewing.

We are living in a time of great change and increasing awareness of the need for businesses to take responsibility for their social and environmental impact. This report represents our continued efforts to adapt to these challenges, to not only maintain our high standards but to raise them even higher. At Duvel Moortgat, we believe in leading by example, and our sustainability strategy is a core part of that belief.

In the following pages, you will discover the concrete actions we are taking across our global network of breweries to reduce our environmental footprint, safeguard natural resources, and support the communities we serve. We are actively pursuing innovations to limit our carbon emissions, enhance energy efficiency, and adopt more sustainable farming practices. Whether it's through regenerative agriculture, optimizing water usage, or transitioning to renewable energy, we are committed to integrating sustainability into every aspect of our operations.

But sustainability, for us, is not just about the environment. It’s about people. Our commitment to responsible consumption and promoting moderation is another cornerstone of our strategy. We aim to foster an open dialogue about the responsible enjoyment of our products, ensuring that our beers enhance life’s moments without compromising well-being. We take pride in being a company that values integrity, both in the way we brew and in the way we engage with our consumers, employees, and partners.

Looking ahead, we are also preparing to meet the expectations set by the Corporate Sustainability Reporting Directive (CSRD), a crucial step in our journey toward greater transparency and accountability. This report will shed light on how we are aligning with these evolving standards while staying true to our family values and heritage. We understand that meeting these new regulations is not just a compliance exercise but an opportunity to deepen our impact and drive meaningful change. At the same time, we are actively developing a plan for deep decarbonization across our value chain, in line with our commitment to the Science Based Targets initiative (SBTi). This plan reflects our pledge to limit global warming to 1.5°C, and we are taking decisive action to reduce emissions not only within our own operations but also across our entire supply chain.

I am incredibly grateful to everyone who has been part of this journey—from our dedicated team members to our partners and consumers. Together, we are not only brewing exceptional beers but also building a future where sustainability and business success go hand in hand.

- Michel Moortgat, CEO Duvel Moortgat

Dear colleagues, customers, partners,

At Duvel Moortgat, we are guided by a long-term vision. As a family-owned brewery, we think in generations rather than years. Since our founding, our mission has remained clear: to brew exceptional beers that bring people genuine moments of joy. In recent years, however, that vision has evolved. While our passion for brewing remains unwavering, the natural resources essential to our craft – water, hops, malt, and others – are increasingly under pressure. As a result, sustainability is no longer an add-on or a trend; it has become a fundamental part of our commitment to securing the future of our company and our planet.

This 2024 Sustainability Report outlines the steps we are taking – and the progress we are making – across environmental, social, and governance (ESG) dimensions. It reflects our belief that sustainability and business success go hand in hand.

Among the highlights from the past year, I am especially proud of our progress on renewable energy. Nearly half of the electricity used in our operations now comes from renewable sources. Breweries such as Firestone Walker in California are largely solar-powered, and our CO₂ recovery systems in both California and Puurs represent some of the most advanced technology in the industry.

In 2024, we also intensified our efforts around water management. We conducted thorough audits across our sites, identifying key opportunities to improve efficiency and water reuse, and we have already begun to implement targeted solutions.

In addition, we are responsive to the evolving tastes and lifestyles of our consumers.

Our brewers apply their expertise to now also craft low- and no-alcohol options that do not compromise on quality or flavor. This past year, we expanded our portfolio in this category, achieving a 20% increase in sales compared to 2023. People have always been at the heart of Duvel Moortgat. As we grow internationally, we are expanding our efforts to ensure that every colleague, in every region, feels supported, valued, and equipped to succeed. In 2024, we strengthened our focus on safety, supported employee performance through targeted initiatives and kept nurturing talent across our global teams.

Of course, the road ahead is not without challenges. Economic pressures are real, and the diversity of local contexts – whether infrastructure, regulations, or societal patterns - in our company requires us to listen closely, adapt thoughtfully, and act patiently. This report reflects both the progress we have made and the goals we are still working toward. Our sustainability strategy remains work in progress, but our direction is clear.

The fifth generation of our family, along with the many young and passionate colleagues who join our teams around the world, are particularly committed to this journey. Their energy and drive inspires us to push further – brew by brew.

Thank you to everyone who is part of this shared journey.

Michel Moortgat