Anheuser Busch InBev / : 2021 Environmental, Social & Governance Report

2021 Environmental,

Social & Governance

Report

Table of	Message from		Our commitment to a future
contents	our Chairman and CEO		with more cheers

Table of contents

1. A message from our Chairman and Chief Executive Officer

1. Our commitment to a future with more cheers

1. Where we operate
2. Our value chain

1. Our ESG strategy

11 Our strategic ESG priorities

1. Smart Drinking & Moderation

1. Climate

1. Water Stewardship

1. Sustainable Agriculture

1. Circular Packaging

1. Ethics & Transparency

1. Entrepreneurship

1. Diversity & Inclusion

50 Governance and stakeholder engagement

51 ESG oversight

56 Materiality assessment and stakeholder engagement

59 ESG index and reporting frameworks

60 2021 ESG Index

1. 2025 Sustainability Goals
2. Reporting frameworks 71 GRI
   76 SASB
   78 UN SDGs
   84 UN Global Compact Index
   85 TCFD
   90 WEF Stakeholder Capitalism Metrics
   91 EU Taxonomy

92 Report scope

94 Letter of assurance

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The images of colleagues and partners included in this report are compliant with local COVID-19 guidelines at the time they were taken.

Our strategic		Governance and		ESG index and
ESG priorities		stakeholder engagement		reporting frameworks

A message from our	Our commitment
Chairman and Chief	to a future with
Executive Officer	more cheers

Our strategic ESG		Governance
priorities		and stakeholder
				engagement

ESG index	Report scope
and reporting
frameworks

AB InBev - Environmental, Social & Governance Report 2021 1

Table of	Message from	Our commitment to a future		Our strategic		Governance and
contents	our Chairman and CEO	with more cheers		ESG priorities		stakeholder engagement

A message from our Chairman and Chief Executive Officer

GRI: 102-12,102-14

We dream big to create a future with more cheers

At AB InBev, we are reimagining the future together. 2021 was a transformative year, one in which we challenged ourselves to lead and grow our category, offer new ways to meet life's moments and make a more meaningful impact on our communities and the world.

ESG index and

reporting frameworks

Our ambition to lead and grow the beer category is reinforced by our shared belief and clear intention to enable a sustainable and inclusive future. That is why we introduced our new global purpose: We dream big to create a future with more cheers. It is about adopting a larger sense of leadership to cultivate shared prosperity and long-term value creation.

"Reflecting our commitment to long-term value creation, we are evolving our ESG agenda to better address a changing world, enable our commercial vision and fulfill our company purpose."

Marty Barrington

A future with more cheers is shared prosperity, for our communities, for the planet and for our company.

When we dream big to create a future with more cheers, we envision a future with more sustainability, innovation, inclusivity, natural ingredients and local impact. We remain committed to the principles of the United Nations (UN) Global Compact and were honored to be named a LEAD company in recognition of our ongoing determination to help achieve the UN Sustainable Development Goals (SDGs). Beer

is a formidable engine for economic growth and sustainable development and a driving force for promoting social norms centered on responsibility and moderation.

Sustainability is good business and foundational to our company.

From building a resilient and agile value chain, to solidifying our role as a trusted partner in local communities, to identifying and capturing new sources of business value, sustainability plays a key role in fulfilling our company purpose and enabling our commercial vision. That is why,

in 2021, we announced the appointment of Ezgi Barcenas as our first fully dedicated Chief Sustainability Officer, reflecting our commitment

AB InBev - Environmental, Social & Governance Report 2021 2

Table of	Message from	Our commitment to a future		Our strategic		Governance and		ESG index and
contents	our Chairman and CEO	with more cheers		ESG priorities		stakeholder engagement		reporting frameworks

to driving business outcomes and delivering shared value through our Environmental, Social and Governance (ESG) agenda.

We sharpened our focus on eight strategic ESG priorities to deliver on our commercial strategy: Smart Drinking & Moderation, Climate, Water Stewardship, Sustainable Agriculture, Circular Packaging, Ethics & Transparency, Entrepreneurship and Diversity & Inclusion. We are energized to have launched our ambition to achieve net zero across our value chain by 2040 and to have announced our first carbon-neutral breweries in Wuhan, China, and Ponta Grossa, Brazil, as well as our first carbon-neutral malthouse in Passo Fundo, Brazil.

The beer category is inclusive, natural and local.

We are uniquely positioned with a portfolio of iconic brands, route to market and consumer- first mindset to lead and grow the category while catalyzing sustainable transformation across our value chain. We are proud to have been recognized by CDP (formerly the Carbon Disclosure Project) as a 2021 Supplier Engagement Leader for partnering with our supply chain to drive an equitable transition toward a net zero future.

We are supporting entrepreneurs who are the backbone of local economies.

We work closely with small- and medium-sized businesses across our value chain-from tens of thousands of farmers, suppliers and recycling collectors to millions of retailers. As employers and innovators, these entrepreneurs play an important role in local communities, and we aim to further strengthen their development and growth. For example, through our BEES Together program- part of our BEES platform-we are empowering

AB InBev - Environmental, Social & Governance Report 2021 3

small retailers, promoting financial literacy creating sustainable local growth through transformation.

We continued to support our colleagues community recovery efforts.

We are grateful for our colleagues who demonstrated sustained passion and resilience, and we were humbled to see that our annual employee engagement index increased by 4pp in another challenging year. We continued donating medical supplies and promoting awareness and access in our communities.

We also ramped up our support for small businesses-such as pubs and restaurants across the hospitality sector.

Our purpose is evident throughout this report, and we are excited to share with you the

we made against our ESG commitments and ambitions. The future of business and of the is inclusive. It is nature-based. It is local. We proud to lead the way to that future, and to next-generation business today.

As always, we welcome your feedback and partnership. Please join us as we dream big create a future with more cheers.

"We dream big to create a future with more cheers. But more cheers means so much more than just more toasts. It means more sustainability, more innovation, more inclusivity, more natural ingredients, more local impact, more prosperity for all. That's a future we can all celebrate."

Michel Doukeris

Table of		Message from	Our commitment to a future	Our strategic		Governance and		ESG index and
contents		our Chairman and CEO	with more cheers	ESG priorities		stakeholder engagement		reporting frameworks

Our commitment to a future with more cheers

GRI: 102-16

To us, a future with more cheers is Shared Prosperity, for our communities, for the planet and for our company. It is growth that is inclusive, value that is shared, and "wins" for the world that are truly worth celebrating.

to include a section with a more comprehensive ESG index and reporting frameworks such as GRI, SASB, the UN SDGs, UN Global Compact, TCFD, the World Economic Forum Stakeholder Capitalism Metrics and the EU Taxonomy (page 71-91).

As a proud member of the UN Global Compact for over a decade, we work to support the achievement of the UN SDGs. We recognize that collective action is imperative for advancement,

To lead and grow our category and to help create a sustainable, equitable future for all, we have developed goals and programs to build environmental resilience, reduce the harmful consumption of alcohol and promote inclusive growth and sustainable livelihoods across our value chain.

This report covers our approach to assessing and managing the issues most material to our business and outlines the progress we made in 2021.

Learn more about our 2021 performance against key indicators

2025 Sustainability Goals >

Global Smart Drinking Goals >

2021 ESG Index >

It also includes our governance and policies that support the inclusion of our goals and programs in decision-making processes and the way we conduct our business to adhere to the highest standards of business integrity and ethics. Our reporting takes into consideration key non-financial indicators and guidance from frameworks such as the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB), the UN Guiding Principles reporting framework, CDP Water and Climate, the Task Force on Climate- related Financial Disclosure (TCFD) and the relevant United Nations Sustainable Development Goals (UN SDGs). We have expanded our reporting this year

and we focus our efforts where we can have the greatest impact. In fact, we contribute to many of the UN SDGs through sustainability initiatives across our entire value chain. For more information on the actions we are taking to advance specific SDG indicators, please see the UN SDGs Index on page 78 of this report.

Our 2021 ESG Report offers our stakeholders greater visibility on how we are working to fulfill our vision of creating a future with more cheers by integrating sustainability, responsibility and purpose into our business strategy and actions. This report serves as our annual communication on progress to the UN Global Compact and is an annex to the 2021 Annual Report that serves as our non-financial reporting on corporate social responsibility matters in accordance with article 3:6, §4 and article 3:32, §2 of the Belgian Code of Companies and Associations, which implement Directive 2014/95/EU of 22 October 2014 amending Directive 2013/34/EU.

We believe that the future of business and of the planet is inclusive. It is nature-based. It is local. Our commitment to improving the communities we are a part of remains unwavering. We are proud to lead the way to that future and to be a next-generation business today. We look ahead to 2022 and beyond with a renewed vision and focus to create a future with more cheers through greater Shared Prosperity.

Our purpose manifesto

AB InBev always dreams big.

It's our culture and our heritage. But more than that, it's our future.

A future where we always look forward. Always serve up new ways to meet life's moments.

A future where we keep dreaming bigger.

To provide opportunities for our people. Lift up our neighbors.

And make a meaningful impact on the world.

A future that everyone can celebrate. And everyone can share in.

A future with more cheers.

"We dream big to create a future with more cheers"

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