The company’s seven new 2020 goals are aimed at minimising its ecological footprint, improving production efficiency and community development, while supporting the 17 UN Sustainable Development Goals
Zug, Switzerland – 29th September 2016 – Coca‑Cola HBC, which was named early this month sustainability leader in the beverage industry by the Dow Jones Sustainability Indices (Eng. Abbrev. DJSI) has announced its new sustainability goals.
By 2020 the Company intends to:
- Get 40% of its electricity from renewable and clean energy sources
- Recover for recycling an average of 40% of the packaging it introduces into the markets
- Source 20% of the total PET used from recycled PET and/or renewable materials
- Reduce primary packaging by 25% per litre of beverage produced
- Certify over 95% of key agricultural ingredients against the Coca Cola system’s Sustainable Agricultural Guiding Principles
- Invest at least 2% of its annual pre-tax profit in communities, and
- Double the number of employees taking part in workplace volunteer initiatives, bringing the figure up to 10%
The seven new targets build on the initial 2020 commitments announced last year to reduce water and direct carbon emission* intensity of the company by 30% and 50% respectively.
In the last couple of years, Coca Cola HBC reduced its water usage by 2.1 billion litres, equivalent to a glass of water for everyone on Earth. In the last five years, the global carbon footprint of its products was reduced by 1.07 million tons as a result of investment in energy efficient and low-carbon technologies. This is comparable to the total annual greenhouse gas emissions of over 200,000 passenger cars.
In 2015, the company invested €8.2 million – 2.3% of its pre-tax profit – to support community wellbeing, environmental and water stewardship, as well as youth development, partnering with more than 230 NGOs.
Dimitris Lois, Chief Executive Officer of Coca Cola HBC, said: “The ambitious targets we announce today reflect our commitment to inspire a better future for our people and the communities we serve. These are part of our overall strategy that established Coca Cola HBC as a leader in sustainability among beverage companies, and show that we are determined to grow our business responsibly, profitably and sustainably.”
A product for everyone and for every occasion – choice and innovative package
People consume our products on a daily basis in the 28 counties where Coca‑Cola HBC Company operates. The company offers a wide range of soft drinks, juices and water products to serve the changing consumer needs. Coca Cola HBC proudly offers one of the most diverse product portfolios to consumers with close to one third of sales in 2015 coming from juices, waters and ready-to-drink tea, compared to 10% in 2001. The company sales of juice products grew by 8% in 2015. Low and no calorie sparkling soft drinks account for 7% of total sales, growing at a high rate, contributing 25% of additional volume sold in 2015.
Coca‑Cola HBC pays special attention to present its beverages in innovative packing. By using the state-of-art technologies, we have presented bottles that contain more than 50% of recycled materials. In addition, our ''Twist'' bottles are 22% lighter than the previous ones. Over the last year, the use of the PLANTBottle® bottles jumped by incredible 254%. The PLANTBottle® bottles contain 30% materials of vegetable origin, and are fully recyclable. Presently, they are available on 10 out of the 28 markets where Coca‑Cola HBC is present, and we are expecting to see even higher numbers next year.
Coca Cola HBC places special emphasis on offering its drinks in innovative packaging. By employing state-of-the-art technologies, we have introduced bottles made of over 50% recycled material. Furthermore, our “Twist” bottles are 22% lighter than previous containers. Last year PLANTBottle® usage significantly increased by an outstanding 254%. PLANTBottles® contain 30% plant based material, and are fully recyclable. They are now available in 10 of the 28 markets where Coca Cola HBC operates, and will be rolled-out to more markets in the coming year.
2015 company highlights:
- 33,311 employees
- 43,000 suppliers
- €1.3 billion direct procurement spending
- €271 million total taxes paid
- 11.7 % direct carbon emissions reduction year-on-year
- Year-on-year energy consumption ratio improved by 7.2%
- 19.4% increase of recycled PET usage year-on-year
- 87% sustainable engagement score
Read more about Coca‑Cola HBC sustainability performance at http://coca-colahellenic.com/en/sustainability/.
About Coca‑Cola HBC
Coca‑Cola HBC is a leading bottler of The Coca‑Cola Company with a sales volume of more than 2 billion unit cases. It has a broad geographic footprint with operations in 28 countries serving a population of approximately 590 million people. Coca‑Cola HBC offers a diverse range of non-alcoholic ready to drink beverages in the sparkling, juice, water, sport, energy, tea and coffee categories. Coca‑Cola HBC is committed to promoting sustainable development in order to create value for its business and for society. This includes providing products that meet the beverage needs of consumers, fostering an open and inclusive work environment, conducting its business in ways that protect and preserve the environment and contribute to the socio-economic development of the local communities. Coca‑Cola HBC is ranked beverage industry leader in the Dow Jones Sustainably World and Europe Indices, and is also included in the FTSE4Good Index.
Coca‑Cola HBC has a premium listing on the London Stock Exchange (LSE: CCH) and its shares are listed on the Athens Exchange (ATHEX: EEE). For more information, please visit: http://www.coca-colahellenic.com.
About Dow Jones Sustainability Indices
The DJSI were launched in 1999 as the first global sustainability benchmarks. The indices are offered cooperatively by RobecoSAM and S&P Dow Jones Indices. The group tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices. Following an evaluation of a range of general and industry-specific issues only the top 10% are accepted for inclusion. For more information visit http://www.sustainability-indices.com/.
*Water consumption and direct carbon emission per litre of produced beverage compared to 2010 values.