Welcome from our Chief Executive Officer

This year we strengthened our company’s dream by aspiring to become ‘the Best Beer Company in a Better World’.

Our ‘Better World’ vision focuses the passion and commitment we already have for operating this company in a sustainable way. We know that we must produce more than we consume, we must innovate, we must adapt to environmental changes, and we must do so while attracting and retaining customers and employees.

We will continue to work with all stakeholders to ensure our company and indeed our industry supports responsible drinking programming and sound environmental management practices.

We have a long way to go before we achieve our dream, but this year’s report shows progressive improvements in our performance:

Generating positive economic impacts

InBev created a value add of approximately 5 billion euro in Europe, first in the beverage industry, up from second in 2007.
Foundations associated with InBev invested over 37 million euro in supporting our employees, their families and the communities in which they live.
In 2007, we invested over 1.5 billion euro in our operations around the globe – generating enormous economic benefits for the communities where we do business.

Improving environmental performance

In 2007, we recycled 97.2% of our waste and brewing by-products, up from 95.1% in 2005.
We have cut our water use per hectoliter by 4.8% over the last three years.
Over the last three years we have cut energy consumption per hectoliter by 22.2%.
InBev has cut CO2 emissions per hectoliter of production by 6.4% since 2006 and over the last three years we have cut this by 13.6%.

Promoting responsible drinking

Working closely with governments and NGOs in 2007, we executed responsible drinking programs in 10 key markets.

Our focus on sustainability is central to the InBev culture and is embedded in our way of doing business. With this in mind, we are sharing our forward looking targets so that we can continue improving internal performance while increasing external accountability.

Our targets for 2010 are ambitious but attainable. They are:

Increasing our waste and by-product recycling to 98%.
Cutting each of our water use, energy use and CO2 emissions per hectoliter by a further 10%.
Implementing Responsible Drinking programs in each of our top 30 markets.

A dream like this one cannot be achieved without setting challenging targets to focus our efforts and that's what we have done.

I encourage you to read the report, together with the supporting material at www.InBev.com.