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    DGE   GB0002374006

DIAGEO PLC

(DGE)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-30 am EDT
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09/29Diageo : Acquires Premium Cold Brew Coffee Liqueur, Mr Black
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Diageo : ESG Reporting Index 2022

08/04/2022 | 08:09am EDT

ESG Reporting Index 2022

Reporting boundaries

Introduction

GRI Index

UNGC Index

SASB

and methodologies

External assurance

Contents

1

Introduction

2

Our ESG reporting approach

4

How to use this ESG Reporting Index

5

Materiality

6

Our Society 2030: Spirit of Progress plan

7

GRI Index

Universal standards

  1. 1: Foundation
  2. 2: General disclosures
  1. 3: Material topics Topic-specificstandards
  2. 200: Economic

31 300: Environmental

54 400: Social

81

United Nations Global Compact (UNGC) Index

87

Our response to the Sustainability Accounting Standards Board (SASB)

90

Reporting boundaries and methodologies

111

External assurance

DIAGEO ESG Reporting Index 2022

1

Reporting boundaries

Introduction

GRI Index

UNGC Index

SASB

and methodologies

External assurance

Our ESG reporting approach

Materiality

Our Society 2030: Spirit of Progress plan

Our ESG reporting approach

Our ambition is to be one of the best performing, most trusted and respected consumer products companies in the world.

To achieve that ambition, we need to make sure we are doing business the right way, from grain to glass. That means thinking about the long-term value and impacts we create, and the risks and opportunities of our operating environment and business model. It also means ensuring we are proud of what we do at work, at home and in our communities.

Reporting transparently on environmental, social and governance (ESG) issues plays a vital role in delivering our strategy. It helps us to manage ESG risks, seize 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 at year end and maintaining up-to-date information on our Society 2030: Spirit of Progressplan on our website, we also submit non-financial information to benchmarking and index organisations throughout the year, including those listed on the next page.

In addition, we track our non-financial performance internally on a quarterly basis. We have developed an integrated reporting system that consolidates cross-functionalnon-financial performance data at market, regional and global levels, which gives senior internal stakeholders a clear view of our performance. Our aim is to enable early action to amplify opportunities and address risks, ensuring we stay on track to deliver our Society 2030 plan.

Non-financial reporting is a rapidly evolving area. We are committed to continual evaluation and improvement of our approach and we actively track emerging ESG frameworks and best practice.

How we report to our stakeholders - our reporting suite

Annual Report

diageo.com

ESG Reporting Index

Where we present our most material

Where, through the 'Society 2030' section,

Where we provide additional disclosures in line

disclosures and describe how our strategy

we give further details of our approach and

with the GRI Standards index and the United

delivers value for our business and

performance, including examples of

Nations Global Compact (UNGC) advanced

our communities.

our strategy in action.

reporting criteria index, plus our response

to the Sustainability Accounting Standards

Board (SASB). More information about how

we use these frameworks can be found on

page 4 of this ESG Reporting Index.

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 set out on our website.

Contact us

If you have any questions or comments about this report or our strategy and performance, we would like to hear from you. Please contact spiritofprogress@diageo.com

Since 2014 we have used the International Integrated Reporting Council (IIRC)'s framework to guide us as we integrate sustainability within our business.

DIAGEO ESG Reporting Index 2022

2

Reporting boundaries

Introduction

GRI Index

UNGC Index

SASB

and methodologies

External assurance

Our ESG reporting approach

Materiality

Our Society 2030: Spirit of Progress plan



Recognition for our approach

We submit non-financial information to a range of indices throughout the year. This enables us to benchmark our ESG work against our peers and the wider business community and is an important way for us to understand how our approach measures up to current standards, best practice and expectations. We are very pleased that our progress on ESG issues continues to be recognised externally.

Index​

2020 rank or rating

CDP​

Climate Change A, Water Security A: Diageo was one of only eight

beverage companies globally and 65 companies overall (out of 9,617)

to achieve A for both Water Security and Climate Change

Bloomberg Gender Equality Index​

Member of the index since its inception

Corporate Human Rights Benchmark​

Scored 18.5 out of 26, well above the Agricultural Products industry

category average, which was 10.3 out of 26

Dow Jones Sustainability Index​

Member of the Dow Jones World Index, ranked as one of the top four

beverage companies worldwide

MSCI ESG Rating​

AAA rating: Diageo has scored a AAA rating for the past six years

Sustainalytics ESG Risk Rating​

Score 16.7 (low risk): as of July 2022, Diageo was ranked sixth out of

582 companies in the food product industry*

*Copyright ©2021 Sustainalytics. All rights reserved. This ESG Reporting Index contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third-party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at www.sustainalytics.com/legal-disclaimers.

DIAGEO ESG Reporting Index 2022

3

Reporting boundaries

Introduction

GRI Index

UNGC Index

SASB

and methodologies

External assurance

Our ESG reporting approach

Materiality

Our Society 2030: Spirit of Progress plan

How to use this ESG Reporting Index

This ESG Reporting Index aims to complement our integrated Annual Report by providing a broader range of ESG disclosures.

Our Annual Report explains the wider context in which we operate and presents our ESG performance in relation to both our corporate performance and global sustainable development issues. Our ESG Reporting Index supplements the information provided in our Annual Report by providing detailed information about how we manage our most material issues.

We use three ESG reporting frameworks, including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and United Nations Global Compact (UNGC) Index. These frameworks allow us to provide information in a structured and consistent way, enabling our stakeholders to analyse our performance over time, and relative to other organisations. The purpose of each of these frameworks and information on how they should be used are described below, alongside our reporting boundaries and methodologies.

Throughout this ESG Reporting Index we often refer to our Annual Report and website, where more information on our strategy, standards and policies can be found. Please note that each disclosure in this ESG Reporting Index can be read in isolation; the hyperlinked navigation at the top of each page enables readers to quickly move from section to section and works best when the report is downloaded to desktop.

Section

Introduction

GRI Index

What is in this section and how to use it

An overview of our reporting approach, our materiality assessment and a brief overview of our Society 2030: Spirit of Progress plan.

A broad and comprehensive set of disclosures on organisational impacts that are relevant to a wide range of stakeholders, in line with the GRI framework. Some topics are material to our supplier sites and some to the countries where we make and sell our products.

Please see page 7for information on how we have mapped the GRI standards to our Society 2030: Spirit of Progress plan.

UNGC Index

SASB

Reporting boundaries and methodologies

Assurance statement

Our UNGC 'communication on progress' in line with our participant-level membership of UNGC. To avoid duplication, this section cross-references widely to the GRI Index disclosures.

Sector-specific disclosures for alcohol beverage companies that are financially material to our business, in line with the SASB framework. To avoid duplication, this section cross-references widely to the GRI Index disclosures.

Information about how we report on each of our Society 2030: Spirit of Progress targets and various

other quantitative metrics. For each Society 2030: Spirit of Progress target we provide the key performance indicator, definitions, scope, baseline, and information on how we avoid double counting where relevant.

Independent assurance is a key part of our approach to reporting. Again, this year, we engaged PricewaterhouseCoopers LLP (PwC) to provide limited assurance on some key ESG metrics. Within this report, information that is within PwC's limited scope is marked with the symbol .

PwC's assurance statement includes a list of metrics that have been assured and a description of the approach PwC took.

DIAGEO ESG Reporting Index 2022

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Diageo plc published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 12:07:42 UTC.


© Publicnow 2022
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