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Annual Report
2022

Diageo is a global leader in beverage alcohol, with an outstanding collection of brands across spirits and beer.

Chairman’s statement

Chairman’s statement

“Diageo has, again, delivered strong performance, despite the challenges that all consumer goods categories have faced this year. We continue to invest for the future to sustain the momentum in our brands and deliver a positive impact on society.”

Javier Ferrán, Chairman

Chairman’s statement
Chief Executive’s statement

Chief Executive’s statement

“I believe our performance demonstrates the consistent delivery of our strategy: focussing on agility, efficiency, commercial execution, sustained investment, and above all, understanding and responding to our consumers through culturally relevant marketing, innovation and active portfolio management.”

Ivan Menezes, Chief Executive

Chief Executive’s statement

Performance highlights

Financial performance

Final Charts Financial Results (1)
Final Charts Net Sales
Final Charts Operating Profit
Final Charts Net Cash From Operating Activities
Final Charts Earnings Per Share
Final Charts Total Recommended Dividend Per Share (1)

Non-financial performance

Final Charts Positive Drinking
Final Charts Water Efficiency
Final Charts Carbon Emissions
Final Charts Inclusion And Diversity

1. Net sales are sales less excise duties
2. See Definitions and reconciliation of non-GAAP measures to GAAP measures on pages 76-83 of the Annual Report
3. Includes recommended final dividend of 46.82p
4. In accordance with Diageo’s environmental reporting methodologies and, where relevant, WRI/WBCSD GHG Protocol; data for the baseline year 2020 and for the three years in the period ended 30 June 2019 has been restated where relevant
△ Within PricewaterhouseCoopers LLP’s (PwC) independent limited assurance scope. For further detail and the reporting methodologies, see our ESG Reporting Index

Unless otherwise stated in this document, percentage movements refer to organic movements. For a definition of organic movement and reconciliation of all non-GAAP measures to GAAP measures, see pages 76-83 of the Annual Report. Share refers to value share. Percentage figures presented are reflective of a year-on-year comparison, namely 2021-2022, unless otherwise specified.

Our brands

Brand building expertise

With over 200 brands and sales in more than 180 countries, our portfolio offers something for every taste and celebration.

We are driven to be the world’s best brand builder, leading the way in premium drinks. Global or local, every one of our brands has a story. Many bear witness to the changing world over centuries, while others are products of our world today. All have a purpose and role to play in creating enduring connections with people.

While we honour the past, we're passionate about nurturing categories old and new, and about building authentically crafted, culturally relevant brands.

Our brands

Our strategic priorities

Delivering our Performance Ambition

Our strategic priorities support the achievement of our ambition to be one of the best performing, most trusted and respected consumer products companies in the world. Through them, we deliver the strategic outcomes against which we measure our performance.

Our strategic priorities

Sustainability performance

Performing against our 2030 targets

Our 25 ‘Society 2030: Spirit of Progress’ targets underpin our 10-year ESG action plan to help create a more inclusive and sustainable world and are aligned with the United Nations’ Sustainable Development Goals. The targets build on our long and ambitious track record on environmental, social and governance (ESG) issues.

Society 2030 in action

Performing against our 2030 targets

‘Society 2030: Spirit of Progress’

Our ESG reporting approach

The non-financial reporting space is evolving quickly. We are committed to continual evaluation and improvement of our approach and to actively tracking emerging ESG frameworks and good practice.

Reporting transparently on the environmental, social and governance (ESG) issues that affect our business and that our business creates, plays a vital role in delivering our strategy. It helps us to manage ESG risks, seize opportunities and promote sustainable development everywhere we live, work, source and sell.

Our ESG reporting suite aims to provide comprehensive and comparable disclosures for a broad range of stakeholders. As well as publishing our integrated Annual Report and ESG Reporting Index at the year end, we also submit non-financial information to benchmarking and index organisations throughout the year, including those listed in our ESG Reporting Index.

Our ESG reporting approach

ESG Reporting Index 2022

Our ESG reporting approach

Responding to 
climate-related risks

Action to combat climate change

Climate change is disruptive and accelerating. It is a risk we can, if we act swiftly and collectively, try to mitigate. There are also opportunities for companies that recognise the challenge and develop credible plans to adapt to changing circumstances.

Responding to climate-related risks

Case studies

Johnnie Walker A Global Giant With A Local Voice

Johnnie Walker: A global giant with a local voice

Guinness Building For The Long Term

Guinness: building for the long-term

Investing For The Long Term

Investing for the long term

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Downloads

4 Aug 2022Download
Annual Report 2022PDF (15.36MB)
Annual Report Strategic report 2022PDF (4.56MB)
Governance report 2022PDF (586KB)
Audit Committee report 2022PDF (139KB)
Directors' remuneration report 2022PDF (383KB)
ESG Reporting Index 2022PDF (3.52KB)
NYSE Statement of Difference 2022PDF (123KB)
Corporate Citizenship assurance statement 2022PDF (38KB)
20-F filing 2022PDF (3.38MB)
Annual Report 2022 in ESEF format (as filed in the UK)PDF (21.50MB)
Annual Report 2022 in ESEF format (as filed in Ireland)PDF (21.50MB)