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Coca-Cola HBC again recognised by CDP with double ‘A’ score for global climate action and water stewardship

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Zug, Switzerland – 7 December 2021:  Coca-Cola HBC has again been recognised with an ‘A List’ ranking from CDP for its actions relating to tackling climate change and preserving water security. This is the 6th successive year that Coca-Cola HBC has received this rating for climate and the 5th time in six years for water.

Coca-Cola HBC is one of only 1% of companies to receive a double ‘A’ rating, out of the over 13,000 businesses assessed by CDP.

ELT-Marcel-Martin

“This is great recognition for the work all our colleagues do every day to build a more sustainable company and future.  It is a journey we began many years ago and one we view as fundamental to our future growth. Our recent commitment to reach net zero emissions across our value chain by 2040, and the stark realities set out at COP26, remind us of the scale of the challenge we face and that there is much for us all still to do.”

Marcel Martin Chief Supply Chain Officer, Coca-Cola HBC

This result builds on recognition for Coca-Cola HBC from other respected sustainability surveys and indexes such as the DJSI, MSCI ESG, FTSE Russell ESG and ISS-Oekom.  

The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores

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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.

Note to editors
The full methodology and criteria for the A List is available on CDP’s website at: https://www.cdp.net/en/companies/companies-scores

Media Contacts:
David Hart, Group Communication Director | [email protected]

Slavena Novakovic, Group Supply Chain & Sustainability Communication Manager | [email protected]



About Coca-Cola HBC

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We create value for all our stakeholders by supporting the socio-economic development of the communities in which we operate and we believe building a more positive environmental impact is integral to our future growth. Together, we and our customers serve more than 600 million consumers across a broad geographic footprint of 28 countries on three continents. Our portfolio is one of the strongest, broadest and most flexible in the beverage industry, offering consumer-leading beverage brands in the sparkling, juice, water, sport, energy, plant-based, ready-to-drink tea, coffee, adult sparkling and premium spirits categories. These beverages include Coca-Cola, Coca-Cola Zero, Schweppes, Kinley, Costa, Valser, Romerquelle, Fanta, Sprite, Powerade, FuzeTea, Dobry, Cappy, Monster and Adez. We foster an open and inclusive work environment amongst our more than 26,000 employees and we are ranked among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good.

Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE:CCH) and is listed on the Athens Exchange (ATHEX:EEE). For more information, please visit https://www.coca-colahellenic.com.

About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.