Material Matters

Material matters are crucial for both the sustainability and success of our business, as they encompass topics that are important to our business and stakeholders. In our commitment to brewing for a better today and tomorrow, we prioritise our efforts to address sustainabilityrelated risks and opportunities for the immediate, short and long term.

In 2022, we engaged an external consultant to conduct a comprehensive materiality assessment, aligned with the Accountability AA1000 Stakeholder Engagement Standards, addressing key sustainability issues.

In 2023, we conducted a materiality validation exercise to ensure alignment with stakeholder needs and our TTZAB focus areas, resulting in a reduction to 19 from 27 prioritised material matters.

We further refined our priority material matters to 13 through an internal review in 2024, ensuring greater focus in the execution of our sustainability commitments. Our approach,progress and achievements in 2024 and plans for 2025 for the 13 material matters are reported in the Sustainability Statement. The material matter on 'Threats to Commercial Freedom' is reported under 'Winning Culture — Safeguard Our Licence to Operate', in the Management Discussion and Analysis on page 67, while the material matter on 'Adapting to Climate Change' is reported under 'Our Journey towards Net Zero' on pages 91 - 106.