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Company Directory - China Resources Beer (CR Beer)

Company Details - China Resources Beer (CR Beer)

China Resources Beer (CR Beer) Logo

China Resources Beer (CR Beer)

Website

Beijing, China

HKG:291 

ISIN: HK0291001495

China Resources Beer (CR Beer) is a leading beer company in China, known for its popular beer brands including Snow Beer. The company operates extensive production facilities and distributes its products nationwide, enjoying a dominant position in the Chinese beer market.

CCI Score

CCI Score: China Resources Beer (CR Beer)

-65.03

Latest Event

Forced Labor in CR Beer’s Hops Supply Chain

An investigative report reveals that CR Beer sources hops from Xinjiang, a region notorious for coercive and forced labor practices imposed on ethnic minorities, raising serious human rights and supply chain ethics concerns.

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ARCHITECT

China Resources Beer (CR Beer) is currently rated as an Architect.

-60 to -100 CCI Score
Companies in this category are instrumental in designing and executing authoritarian rule. They actively create and implement frameworks that sustain oppressive policies, wielding considerable influence in shaping autocratic systems.

Latest Events

  • Forced Labor in CR Beer’s Hops Supply Chain Logo
    JUN
    02
    2023

    An investigative report reveals that CR Beer sources hops from Xinjiang, a region notorious for coercive and forced labor practices imposed on ethnic minorities, raising serious human rights and supply chain ethics concerns.

  • -80

    Labor Relations and Human Rights Practices

    June 19

    The report documents severe human rights violations in CR Beer’s supply chain, detailing how ethnic minorities face coercive labor conditions and forced labor, which is a clear breach of fair labor practices.

    Hops from China drenched in coercive labour

  • -80

    Supply Chain Ethics

    June 19

    CR Beer’s sourcing of hops from a region known for systematic forced labor practices violates ethical supply chain protocols, contributing to the perpetuation of labor abuses and state-sponsored repression.

    Hops from China drenched in coercive labour

  • CR Beer Implicated in Forced Labor Supply Chain Practices Logo
    MAY
    17
    2023

    An investigation in May 2023 revealed that China Resources Beer (CR Beer) sources hops from Xinjiang, a region where forced labor and systemic human rights abuses against the Uyghur minority have been documented. This supply chain link raises serious concerns about CR Beer’s ethical practices and complicity in state-led oppression.

  • -80

    Supply Chain Ethics

    June 19

    Reports indicate that CR Beer sources its hops from Xinjiang, where forced labor and severe human rights violations are reported. This practice implicates the company in unethical supply chain practices and state oppression, warranting a strongly negative score for Supply Chain Ethics.

    Heineken Exposed: Dutch Beer Giant Participates in Oppression of Uyghurs in China

  • Heineken's $3.1 Billion Strategic Partnership with CR Beer Logo
    AUG
    03
    2018

    Heineken acquired a 40% stake in China Resources Beer for a deal valued at $3.1 billion, while China Resources Enterprise also took a 0.9% stake in Heineken. The transaction is aimed at bolstering CR Beer's premium market presence in China and enhancing Heineken's distribution network in the region.

  • +0

    Economic and Structural Influence

    June 19

    The deal represents a significant economic transaction and strategic market expansion. However, it does not involve explicit political interventions or actions that align with or oppose authoritarian practices. Thus, from an anti-fascist lens, the event is evaluated as politically neutral.

    Heineken agrees to $3.1 billion deal with China Resources Beer

Corporate Financials

Revenue
2023
$7.00B
Total Assets
2023
$5.00B
Operating Income
2023
$800.00M
Total Equity
2023
$3.00B

Employees: 10,000

Industries

312120
Breweries
312130
Wineries
312140
Distilleries