Net Zero by 2040

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 and other partners in the value chain to eliminate the 90% of our carbon footprint that results from indirect scope 3 emissions.

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.   

A Robust Plan

To achieve our goal, we will:

• Invest €250 million in emissions reduction initiatives by 2025
• Decarbonise further direct operations by switching to 100% renewable electricity and low carbon energy sources through continuous improvements and innovations in energy efficiency
• Accelerate our journey to a more circular, lower carbon packaging approach by increasing rPET use, adopting packageless and refillable options, removing plastics in secondary packaging
• Provide energy-efficient and eco-friendly coolers to customers 
• Reduce emissions from agricultural ingredients 
• Implement a “Green Fleet” programme to switch to low and no carbon alternatives 

A Strong Track Record

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 December 2023, we were once again ranked as the world’s most sustainable beverage company by the 2023 Dow Jones Sustainability Indices (DJSI). The DJSI are one of the world’s leading global sustainability benchmarks. This is the seventh time that Coca-Cola HBC has been ranked number one, and the 13th consecutive year it has featured among the top three performers.

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. 

Download our Net Zero Transition plan. 

Download our NetZeroBy40 road map.