Diageo plc is a UK-based multinational company that offers beverage alcohol brands of beer, spirits, wine, ready-to-drink beverages etc. Some of the major brand names include Johnnie Walker, Captain Morgan, Crown Royal, Bushmills whiskies, Smirnoff, and Ketel One vodka, and others. The company has over 200 brands, covering small to big, local to global, and all price ranges to suit the consumer demands at various locations across 180 countries. The company has over 150 manufacturing sites spread across 30 countries.
On a geographical basis, the divisions of the company can be classified into Europe, North and Latin America, Turkey and Russia, and Asia Pacific region. The company was founded in the year 1997 and its headquarters are in London. It falls under the FTSE 100 index and is also listed on the London Stock Exchange and the New York Stock Exchange. Diageo is one of the largest distillers in the world and it is also one among the major spirit distributors globally. It is also one the world-leading companies in the production of Scotch Whiskey.
The goal of the company is to generate sustainable and quality growth while maximising the risk-adjusted returns for its stakeholders. Apart from focusing on financial returns, the company also focuses on its responsibility to promote moderation and spread awareness about the harmful impacts of excessive alcohol intake and promoting responsible drinking.
The company strives for sustainable business solutions and aims to create value for all while reducing its environmental footprint. It aligns itself with the United Nations Sustainable Development Goals and tries to create a low-carbon world for the future generations. Diageo tries to provide support to the wider community and build a sustainable and resilient supply chain infrastructure so that waste production can be brought down and a circular economy model can be developed. In April 2020, Diageo published its ESG webcast called as Society 2030: Spirit of Progress, which aims to use its 10-year action plan to achieve sustainability and inclusivity in its business.
The company follows a well-defined corporate governance framework and promotes the culture of trust, transparency and accountability. It complies with the UK Corporate Governance Code as well as the NYSE Corporate Governance Rules. It follows an ethical code of conduct for running its business operations while upholding the highest standards of integrity as per its Global Code of Business Conduct. It has strict policies related to board diversity, gender pay gap, modern slavery. The company tries to fulfil all its environmental, social, and governance responsibilities.
Diageo PLC 2nd Floor Lakeside Drive Park Royal LONDON, NW10 7HQ United Kingdom