Coca-Cola HBC has again been rated Europe’s most sustainable beverage company, and for the 11th consecutive year has been ranked among the top three beverage industry performers globally.
The news was disclosed in S&P Global’s Annual Yearbook, which confirms the 2021 Dow Jones Sustainability Index (DJSI), one of the world’s leading sustainability benchmarks. Coca-Cola HBC was also given a Silver Award by S&P Global.
This result is consistent with the independent ratings and scores for Coca-Cola HBC from other respected sustainability surveys and indexes, including MSCI ESG, CDP, FTSE4Good, and FTSE Russell ESG.
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NetZeroby40
In October 2021, Coca-Cola HBC committed to achieving net zero emissions across its entire value chain by 2040. The company has created a robust action plan and will invest €250 million in emissions reduction initiatives by 2025. Via an existing, approved science-based target, by 2030 the company will reduce its value chain emissions in scopes 1,2 and 3 by 25%, with a further 50% reduction in the following decade. To address the 90% of emissions in scope 3 resulting from third party actions, CCH will broaden its existing partnership approach with suppliers. Wherever emissions cannot be eliminated entirely, the business will mitigate these by investing in other climate protection measures.
