ESG Ranking

ESG Ranking



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Coca-Cola HBC Achieves the Highest Score in the S&P Global Sustainability Yearbook 2023

Scored the highest of all 7,822 companies across 61 industries recognised in the Yearbook, awarded a Gold Class distinction and positioned as Industry Mover. 

Coca-Cola HBC has been named as the world’s top-performing company in the beverage industry in the S&P Global Sustainability Yearbook 2023. In 2022, we scored 94 out of 100 which means we are in the top 1%* globally in the beverage industry. It is the highest score of all 7,822 companies across 61 industries recognised in the Yearbook. We were also recognised as an Industry Mover as, with a seven-point increase, we were the most improved in the beverage industry since last year.

In December 2022 this high score ranked us as #1 in the 2022 Dow Jones Sustainability Index within the beverage industry. This was the 12th consecutive year that we were in the top three performers, and the sixth time that we were named the industry leader.

The annual Sustainability Yearbook recognises the world’s leading companies based on their sustainable business practices. It aims to distinguish individual companies, within their industries, that have demonstrated strengths in corporate sustainability.

CEO Zoran Bogdanovic said: ‘These scores reflect our dedication to our Net Zero by 40 commitment and Mission 2025 approach to achieving sustainable growth fully aligned with the United Nations Sustainable Development Goals (SDGs). Our six key focus areas reflect our value chain: reducing emissions; water reduction and stewardship; packaging (World Without Waste); ingredient sourcing; nutrition; and our people and communities. Behind these high scores are a team of Coca-Cola HBC people working hard and fully committed to creating a better future. Sustainability performance is critical to our business and while we are proud of these scores and the progress we are making, we remain focused on the work still to be done.’ 


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Dow Jones Sustainability Indexes (DJSI)

On 9th December 2022, we were rated the world’s most sustainable beverage company in the 2021 Dow Jones Sustainability Index, and for the 12th consecutive year are among the top three beverage companies globally. 

We’ve been included in the DJSI every year since 2008 in recognition of our focus on continuously improving our sustainability performance. Launched in 1999, the DJSI is considered a global benchmark in corporate sustainability.

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MSCI ESG ratings

In May 2022, we received the top “AAA” rating from the MSCI ESG for the eighth year in a row. 

MSCI ESG rates companies across the world based on their exposure to industry specific ESG risks and their ability to manage those risks relative to peers.

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We have been included in the FTSE4Good Index Series since its set-up in 2000. In the last years, we have been rated with the highest score in the beverage industry.

The FTSE4Good Index Series is designed to identify companies that demonstrate strong environmental, social and governance practices measured against globally recognised standards.

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We have consistently featured among industry leaders by the Climate Disclosure Project (CDP) for our efforts to tackle climate change and promote water security.

Our A- scores for climate and water demonstrates our commitment to environmental transparency. It is the 7th consecutive year that we have scored either A or A- for climate, and the 6th time in seven years for water.

We also proudly remain a leader in supply chain engagement, most recently recognised in February 2022.

CDP’s annual environmental disclosure and scoring process are widely recognised as the gold standard of corporate environmental transparency.

A detailed and independent methodology is used by CDP to assess companies, allocating a score from A to D-, based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

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Vigeo Eiris (V.E) has evaluated Coca-Cola HBC since 2004. In 2021 we have been again ranked first in the beverage sector.

V.E has been part of Moody’s ESG Solutions since 2019. Moody’s ESG Solutions is a business unit of Moody’s Corporation that serves the growing global demand for ESG and climate insights. The group’s comprehensive offering includes ESG scores, climate data, Sustainability Ratings and Sustainable Finance certifier services that help fulfill the broad spectrum of ESG-related goals in risk management, equity and credit markets.

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We have maintained our ISS ESG Prime status since 2016.

Originally founded in 1993 and formerly known as oekom research, ISS is one of the world’s leading ESG research and rating agencies for sustainable investments with an unsurpassed rating methodology and quality recognition.

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We have been included in the Ethibel EXCELLENCE Investment Register since 2007. Forum ETHIBEL is an independent agency that advises banks and brokers on socially responsible investments, reviewing companies worldwide on their economic, social and environmental performance. ETHIBEL looks for companies that are socially responsible entrepreneurship trendsetters in their sector and region.