Net Zero by 40

NET ZERO BY 40

NET ZERO BY 40

We are committed to achieving net-zero emissions across the entire value chain by 2040.

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To achieve its goal, Coca-Cola HBC:

  • It will invest €250 million in emission reduction initiatives by 2025
  • It will continue with the process of decarbonizing its direct operations by switching to 100% renewable electricity and low-carbon energy sources through continuous improvements and innovations
  • It will accelerate its journey towards a more circular and low-emission approach by increasing the use of rPET, adopting reusable and packaging-free options, removing plastic in secondary packaging
  • It will provide its customers with eco-friendly refrigerators
  • Reduce emissions from agricultural ingredients
  • Implement a Green Fleet programme to switch to low- or zero-carbon alternatives
  • In addition, Coca-Cola HBC will continue to consider CO2 emission reduction targets as one of the main elements in its long-term management incentive plans

 

A solid track record

Coca-Cola HBC was one of the first companies to commit to achieving the so-called Science Based Targets (SBTs) which also includes this emissions reduction plan. In March 2021, Coca-Cola HBC was named the world's most sustainable beverage company by the Dow Jones Sustainability Index for the fifth time in the past 7 years, achieving the highest score ever. It is also ranked among the top sustainability performers in ESG benchmarks such as CDP, MSCI ESG and FTSE4Good. The company's new commitment is also supported by the global non-profit coalition "We Mean Business" which, among other things, launched the "Race to Zero" program of which Coca-Cola HBC is a supporter.