New Belgium Brewing Company, often referred to simply as New Belgium, is a prominent player in the sugar industry, headquartered in Fort Collins, Colorado, USA. Founded in 1991, the brewery has made significant strides in the craft beer market, becoming well-known for its innovative brewing techniques and commitment to sustainability.
With a diverse portfolio of beers, including the iconic Fat Tire Amber Ale, New Belgium stands out for its use of high-quality ingredients and unique flavour profiles. The company has garnered numerous awards, solidifying its position as a leader in the craft brewing sector. Notably, New Belgium is recognised for its environmental initiatives, making it a pioneer in sustainable brewing practices. As it continues to expand its reach across the United States, New Belgium Brewing Company remains dedicated to crafting exceptional beers that resonate with consumers.
+73 vs industry average
New Belgium Brewing Company’s score of 80 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Sugar Processing is among the most carbon-intensive industries
Industry performance
The Sugar Processing industry has reduced its overall emissions by 2% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
New Belgium Brewing Company's reported carbon emissions
New Belgium Brewing Company, based in the US and operating within the Sugar industry, has outlined significant climate commitments. For 2025, the company reported total emissions of approximately 285.7 million kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. Scope 1 emissions for 2025 were approximately 18.1 million kg CO2e. Scope 2 emissions, calculated based on location, were approximately 14.4 million kg CO2e. Scope 3 emissions represented the largest portion, totalling approximately 398.7 million kg CO2e for 2025, with upstream transportation and distribution being a significant contributor at about 55.9 million kg CO2e. In 2024, total emissions were around 286.2 million kg CO2e. Scope 1 emissions were about 21.1 million kg CO2e, and Scope 2 emissions were approximately 16.2 million kg CO2e. Scope 3 emissions for 2024 totalled approximately 402.8 million kg CO2e. The company aims to reduce absolute Scope 1 and 2 GHG emissions by 55% by 2030, using a 2019 baseline. Furthermore, as a subsidiary of Kirin Holdings Company, Limited, New Belgium's climate targets are cascaded from its parent company. Kirin Holdings Company, Limited has validated science-based targets, including achieving net-zero greenhouse gas emissions across the value chain by 2050, with a target of a 90% reduction in total emissions from a 2019 base year. Additionally, there is a commitment for all brands to be certified carbon neutral by 2030. The company also reported specific emissions data for previous years. In 2023, total emissions were approximately 231.9 million kg CO2e, with Scope 1 emissions at about 23.5 million kg CO2e and Scope 2 market-based emissions at approximately 15.2 million kg CO2e. Scope 3 data was not disclosed for 2023. For 2022, Scope 1 emissions were approximately 30.6 million kg CO2e, Scope 2 emissions were about 2.1 million kg CO2e, and Scope 3 emissions, specifically purchased goods and services, were 2.1 million kg CO2e. In 2019, Scope 1 emissions were around 43.2 million kg CO2e, Scope 2 emissions were approximately 0.7 million kg CO2e, and Scope 3 purchased goods and services were 0.7 million kg CO2e.
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New Belgium Brewing Company’s Climate Goals (2030 & 2050)
4 goals2030
55% reduction in Scope 1
Reduce absolute scope 1 & 2 GHG emissions 55% by 2030* from 2019 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Kirin Holdings Company, Limited
Carbon Disclosure Project
Inherited from Kirin Holdings Company, Limited
The Climate Pledge
UN Global Compact Climate Champions initiative
Inherited from Kirin Holdings Company, Limited
RE 100
Inherited from Kirin Holdings Company, Limited
Climate Action 100
Emissions comparison with industry peers
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New Belgium Brewing Company
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