Climate change policy

There is no greater threat to our collective future than climate change. At Coca-Cola HBC, we believe that industry has a key role to play in finding sustainable solutions to today’s climate challenges.

We were one of the first companies to commit to and deliver science-based carbon reduction targets. On 12th of October 2021 we committed to net zero emissions¹ across the entire value chain by 2040 and our intermediate emission reduction target by 2030 is approved by the Science-based target initiative (SBTi).

Our NetZeroBy40 commitment is fully aligned with our philosophy to support the socio-economic development of our communities and to make a more positive environmental impact.

In accordance with the Climate Change Policy and our overall Environmental Policy, we will:

• Strive to reduce all our emissions across the value chain as much as possible by
  • Advancing the reduction of the energy used in our operations.
  • Expanding our use of renewable energy technologies.
  • Deploying more energy-efficient coolers at marketplace.
  • Accelerating our World Without Waste agenda and our green fleet.
  • Engaging with relevant stakeholders to combat climate change.
  • Working with suppliers to reduce their carbon footprint and to minimise their climate impacts.
  • Setting roadmaps for emissions reduction for all our operations and the main steps in the value chain.
• Introduce CO2 emission reduction targets as one of the elements of our long-term management incentive plans.
• Work with other partners (industries, academia, NGOs, government etc.) on climate change mitigation and climate change adaptation.
• Consider all climate risks and opportunities and integrate them in our business strategy.
• Investigate the opportunities for finding solutions for our residual emissions such as biological and/or technological removals.
• Monitor, report and audit our greenhouse gas emissions, targets, results and activities, and publish transparently our progress in our public files.

Coca-Cola HBC AG
Zoran Bogdanovic
Chief Executive Officer

¹ Emissions – all seven Greenhouse gases from Kyoto Protocol, reported as per the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard.