Coca-Cola European Partners has said it its targeting a reduction of absolute greenhouse gas emissions by 30% across its entire value chain by 2030.
Coca-Cola will target greenhouse gas emission cuts across all five areas of its value chain – ingredients, packaging, operations, transportation and refrigeration.
Crucially, there is a significant focus on reducing ‘scope 3’ emission (i.e emissions that result from activities not controlled or owned by Coca Cola European Partners) via a commitment to support strategic suppliers to set their own science-based carbon reduction targets and use 100% renewable electricity.
Coca-Cola also said it would support the plan by way of a three-year, €250 million (£227.1 million) investment which would provide targeted financial support to decarbonise its business.
Joe Franses, Vice-President, Sustainability at Coca-Cola European Partners, said: “The world is at a critical point and we must all play our part to cut greenhouse gas emissions, to limit global temperature increase to 1.5°C and protect the future of our planet. Climate change may be bigger than all of us, but it is not beyond us.
“That’s why CCEP is working towards a Net Zero future. And why we’re taking action now to reduce greenhouse gas emissions across our entire value chain, from the ingredients we source, packaging we use, to the drinks we sell. As we move through our first three-year plan, we will continue to adapt and solve key challenges to help set new milestones to achieve our longer-term reduction vision.”
Coca-Cola said the three-year plan would build on work undertaken over the last decade to reduce greenhouse gas emissions across its entire value chain by 30.5% (vs 2010). It also said it was “setting a path” to become a net zero business by 2040, in alignment with the Paris Climate Agreement.