Company Directory - China Resources Beer (CR Beer)
Company Details - China Resources Beer (CR Beer)
China Resources Beer (CR Beer)
WebsiteBeijing, China
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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China Resources Beer (CR Beer) is currently rated as an Architect.
Latest Events
- JUN022023
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.
-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.
- MAY172023
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
- AUG032018
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
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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