Constellation Brands, Inc. (STZ) — ESG & Values Scores

Environment story

Constellation Brands' FY2026 10-K does not disclose Scope 3 emissions data or a formal net-zero target year, resulting in deductions under the deterministic scoring rules. The filing discloses material water-resource risk exposure across California, Mexico, and New Zealand operations, including drought conditions, Mexican water-rights regulatory reform, and wildfire smoke-taint incidents affecting grape quality. The company references water-use-efficiency and GHG-reduction aspirations at breweries but does not quantify or verify physical decarbonization infrastructure investments in this filing.

Criticisms on file

California drought conditions have resulted in water-usage restrictions affecting wine operations (vineyards, wineries) in California.
Source: STZ_10k.txt, Item 1A Risk Factors - Supply of quality water section
Mexico enacted water-rights law reforms prohibiting transfer of water concessions between private parties and introducing new sanctions for water-related violations, affecting brewery water sourcing.
Source: STZ_10k.txt, Item 1A Risk Factors - Supply of quality water section
2020 U.S. West Coast wildfires caused smoke taint affecting wine grape quality; late frost in New Zealand (2021) affected agricultural raw material supply.
Source: STZ_10k.txt, Item 1A Risk Factors - Food safety and quality section

Disclosed initiatives

Water stewardship strategy

Disclosed aspiration to reduce water use efficiency ratio at breweries; specific metrics not provided in this filing.

Undisclosed magnitude
GHG emissions reduction aspiration at breweries

Company states strategies and aspirations on GHG emissions reduction at brewery operations without quantified targets or timelines in this filing.

Undisclosed magnitude
Waste reduction and circular packaging

Disclosed initiatives on waste reduction and circular packaging as part of broader CSR strategy; no quantified data provided.

Undisclosed magnitude

Social story

The FY2026 10-K does not disclose a CEO-to-median-worker pay ratio, workforce diversity percentages, or supply-chain human-rights audit results, so no deterministic deductions apply under the strict rubric given the absence of disclosed disqualifying facts. The filing references collective bargaining agreements covering brewery workers and identifies labor strikes/work stoppages as a generalized risk factor, but does not document any active strike or documented union-suppression activity within the last 24 months. A CEO transition (Nicholas Fink, effective April 13, 2026) occurred during the reporting period, accompanied by disclosed severance/transition costs.

Criticisms on file

10-K discloses generalized risk that employees or wholesaler/retailer employees could engage in labor strikes, work stoppages, or other labor activities, which could increase costs; no specific confirmed strike event disclosed in this filing.
Source: STZ_10k.txt, Item 1A Risk Factors - Labor activities section

Disclosed initiatives

Human capital strategy investment

Company discloses investment in personnel, addressing employee turnover and wage inflation trends, particularly in the U.S.

Undisclosed magnitude
Cybersecurity workforce training

Annual mandatory cybersecurity training and phishing-recognition exercises for employees.

Reduces operational/data-security risk exposure

Governance story

Constellation Brands maintains a dual-class share structure (Class A and Class B/Class 1 Stock) with the Sands Family Stockholders retaining board nomination rights and significant influence through at least November 2027, triggering a governance deduction under the dual-class rule. Board independence percentage and lobbying expenditure figures are not disclosed in this filing, so no additional deduction is applied for those factors absent verified disclosure. No specific active antitrust, consumer-fraud, or SEC consent-decree proceeding is named in this filing; general litigation risk is disclosed as a recurring risk factor. A Delaware forum-selection bylaw provision may limit stockholders' litigation venue options.

Criticisms on file

Sands Family Stockholders retain disproportionate board nomination rights and influence via Class A Stock ownership and a Reclassification Agreement effective through November 2027, constituting a dual-class governance structure.
Source: STZ_10k.txt, Item 1A Risk Factors - Governance Risks section
Delaware exclusive-forum bylaw provision may increase costs and limit stockholders' ability to bring litigation in a venue of their choosing.
Source: STZ_10k.txt, Item 1A Risk Factors - Choice-of-forum provision section

Disclosed initiatives

Enterprise-wide cybersecurity governance

Board delegates cybersecurity oversight to the Audit Committee; CIO/CISO provide quarterly updates; annual penetration testing and tabletop exercises conducted.

Strengthens governance oversight of cyber/data risk

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Constellation Brands, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Constellation Brands, Inc. in the app for interactive charts and portfolio building.

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