Net Zero by 2040

Net Zero by 2040

Net Zero by 2040

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

cchbc-netzeroby40 cchbc-netzeroby40

zoran-bogdanovic-net-zero-by-2040

“This commitment is the ultimate destination of a journey that we started many years ago. 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”.

ZORAN BOGDANOVIC CEO of Coca-Cola HBC

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 to eliminate the 90% of our carbon footprint that results from third parties. 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 
In addition, Coca-Cola HBC has introduced CO2 emission reduction targets as one of the elements in its long-term management incentive plans.

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 February 2022 we were rated the European most sustainable beverage company by the Dow Jones Sustainability Index and for the 11th consecutive year we are among the top three beverage companies globally.

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.