Bacardi Limited is the largest privately held spirits company in the world. The Company produces and markets a variety of super premium and premium spirit brands that are distributed and sold globally. We are committed to managing our operations responsibly to benefit our people, consumers, customers, suppliers, local communities and to protect the environment. 



We are proud to announce the publication of Bacardi Limited's second Corporate Responsibility Report. This shows the progress we have made in Corporate Responsibility (CR) in fiscal year 2009. We have made a lot of progress on the long journey to become a sustainable business and will continue to make more developments in the years ahead. 



We reflect our CR commitments in policies on the following priorities:

• Governance - High standards of corporate governance are essential for the long term success of the Company and the satisfaction of its stakeholders.
• Marketplace - A socially responsible approach to brand building is a business imperative for our portfolio of super premium and premium spirit brands.
• Environment - We are committed to protecting the environment and conserving natural resources.
• Responsible Sourcing - Working in close co-operation with our suppliers, strengthens our business and improves the quality of life of the people we touch.
• People - We have a heritage of people building strong brands; how our people are treated and valued directly relates to our success.
• Philanthropy & Community Involvement - We are proud of our long and rich heritage of philanthropy and local community support that is aligned with Company values and history.

Delivering Corporate Responsibility

Collective accountability for CR is held by the members of the Bacardi senior leadership team (BLT) supported by members of the CR leadership team and supervised by the VP Corporate Planning, who coordinates all CR initiatives. The CR leadership team is comprised of members from various global functions and operating companies, who develop and deliver management plans for each corporate priority.

Bacardi will:

• Integrate CR into the Company's governance arrangements at all levels of management.
• Set goals and seek continuous improvement that meet or exceed the requirements of applicable legislation and regulations.
• Gather meaningful management information to understand corporate responsibility performance and progressively publish such information.
• Regularly monitor and respond to stakeholder views on CR

In 2008 Bacardi signed the United Nations Global Compact (UNGC). We are committed to adhering to the ten principles of responsible business behavior articulated in the Global Compact. Our Communication on Progress can be found on the inside back cover of our 2009 CR Report.

We will review adherence to this Corporate Responsibility Policy and issue guidance on how these priorities should be interpreted from time to time.