We are committed to achieving net zero emissions across our entire value chain by 2040.
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Current Site: Egypt
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Current Site: Egypt
We are committed to achieving net zero emissions across our entire value chain by 2040.
“This commitment is the ultimate destination of a journey that we started many years ago. It is fully aligned with our philosophy to support the socio-economic development of our communities and to make a more positive environmental impact. Both are integral to our future growth. Although we don’t yet have all the answers, our plan, track record and partnership approach give us confidence that we will deliver”.
ZORAN BOGDANOVIC CEO of Coca-Cola HBC
To reach Net Zero by 2040, we will reduce our direct emissions to an absolute minimum, and we will work in partnership with our suppliers to eliminate the 90% of our carbon footprint that results from third parties. Wherever we can’t eliminate emissions entirely, we will mitigate or remove those by investing in other climate protection measures. But our primary goal continues to be the systematic emissions reduction. Via an existing, approved science-based target, by 2030 at Coca-Cola HBC we will reduce our value chain emissions in scopes 1, 2 and 3 by 25%, with a further 50% reduction in the following decade.
To achieve our goal, we will:
Coca-Cola HBC was one of the first companies to commit to and deliver science-based targets. In the last decade, we have halved our direct emissions and the CO2 reduction plan to 2030 is already endorsed and approved on the 1.5 degree pathway. In March 2021, we were rated the world’s most sustainable beverage company by the Dow Jones Sustainability Index for the 5th time in the last 7 years, achieving our highest ever score. We are also ranked among the top sustainability performers in ESG benchmarks such as CDP, MSCI ESG and FTSE4Good.
Our NetZeroby40 commitment is also endorsed by the “We Mean Business” coalition. Further we have joined the list of companies supporting the “Race to Zero” initiative.