Coca-Cola HBC commits to net zero emissions across entire value chain by 2040

The Coca-Cola bottler, which serves more than 600 million consumers across 28 countries, will address the entire value chain by broadening its existing partnership approach with suppliers to reduce emissions. Where emissions cannot be eliminated entirely, they will be offset by investments in other climate protection measures. To achieve its goal, Coca-Cola HBC will: A target for 2030 will see the company reduce its value chain emissions in scopes 1,2 and 3 by 25%; with a further 50% reduction in the following decade. “This commitment is the ultimate destination of a journey that we started many years ago,” said Zoran Bogdanovic, CEO of Coca-Cola HBC. “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”. In the last decade, CCHBC has halved its direct emissions and the CO 2 reduction plan to 2030 is already endorsed and approved on the 1.5 degree pathway. In March 2021, Coca-Cola HBC was rated the world’s most sustainable beverage company by the Dow Jones Sustainability Index for the 5th time in the last 7 years, achieving its highest ever score. It is also ranked among the top sustainability performers in ESG benchmarks such as CDP, MSCI ESG and FTSE4Good. CCHBC’s markets are Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland, Switzerland, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Armenia, Belarus, Bosnia & Herzegovina, Bulgaria, Moldova, Montenegro, Nigeria, North Macedonia, Romania, the Russian Federation, Serbia (including the Republic of Kosovo) and Ukraine.

Coca-Cola HBC commits to net zero emissions across entire value chain by 2040

Coca-Cola Hellenic Bottling Company will switch to 100% renewable electricity, increase rPET use and invest €250m ($289m) in emissions reduction initiatives as part of its pledge to reach net zero emissions by 2040.

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