Zug, Switzerland – 12th December 2022 - The 2022 Dow Jones Sustainability Index – one of the world’s leading global sustainability benchmarks – has ranked Coca-Cola HBC as the world’s most sustainable beverage company after its score improved by six points on last year to a record 93 out of 100. It is the 12th consecutive year that Coca-Cola HBC has featured among the top three performers, and the sixth time it has been named the industry leader.
Commenting, CEO Zoran Bogdanovic, said: “Our goal is to deliver a more sustainable future while continuing to build value for our stakeholders. This endorsement from the DJSI demonstrates that we’re on the right track and it is further recognition of the work and unrelenting effort by all at Coca-Cola HBC to put sustainability at the heart of our company. Last year, I made the ambitious announcement of our aim to reach Net Zero emissions by 2040 and I believe wholeheartedly that if we continue as we are, we’ll make this aim a reality.”
This latest recognition is in line with the independent ratings and scores for Coca-Cola HBC from other respected sustainability surveys and indexes, including MSCI ESG, CDP, FTSE4Good, and FTSE Russell ESG.
Highlights of Coca-Cola HBC’s commitment to sustainability include:
*Numbers refer to 2021 unless stated
** Excluding water
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.