According to the Dow-Jones Sustainability Index for 2022, one of the world's leading indicators of success in sustainable business, Coca-Cola HBC is the most successful beverage producer in the world in terms of its achievements after its score increased by six points compared to last year, reaching a record high 93 points out of 100.
For the twelfth time in a row, Coca-Cola HBC was ranked among the top three beverage producers in the world, and for the sixth time it reached the leading position.
Commenting on the announcement, Zoran Bogdanović, CEO of Coca-Cola HBC states: "Our goal is to contribute to a sustainable future as we continue to build value for our stakeholders. The recognition awarded to us by DJSI shows that we are on the right track and is an additional confirmation of the tireless work and effort that everyone at Coca-Cola HBC invests in order to put sustainability at the center of our business. Last year, I ambitiously announced our goal of reaching zero greenhouse gas emissions by 2040, and I believe that if we continue like this, we will achieve that goal."
This latest recognition is in line with Coca-Cola HBC's independent ratings within other reputable research and sustainability indices, such as MSCI ESG, CDP, FTSE4Good and FTSE Russell ESG.
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The most notable results of Coca-Cola HBC in sustainable business*
- We’ve reduced the amount of water needed to produce our products by two billion liters since 2011 and improved our water use ratio by 9% in 19 water priority locations since 2017.
- We’ve saved more than 800,000 tons in absolute carbon emissions across our value chain since 2017.
- Procuring more than 98% of goods and raw material from local suppliers (in the market in which we manufacture our products) which is €3.5 billion spend
- Issuing our first Green Bond in September 2022
- Supporting 10 other jobs on average for every job in The Coca-Cola system
- Training 753,000 young people across 28 countries since 2017 since the launch of the Coca-Cola flagship community program, support for youth (#YouthEmpowered), which aims to train 1 million young people by 2025
- Publishing for the second year in a row its tax transparency policy and report
- Currently, 39% of management roles are held by women, with a target to reach 50% by 2025
- By 2025, at least 35% of the PET we use to make our bottles across our Group, and 50% in EU countries and Switzerland will be recycled plastic. In 2022, Switzerland moved all its locally produced portfolio in plastic bottles to 100% rPET, and Italy** and Austria are expected to move their portfolios to 100% recycled locally produced PET in 2023
- KeelClip innovation has allowed us to eliminate plastic packaging from our can multipacks in 22 countries so far, removing 2,000 tons of plastic film annually
- To help us reach our rPET goals, we are investing in in-house rPET facilities. This includes our Gaglianico plant in Italy, which produces PET bottle preforms with a carbon footprint that is up to 70% lower, compared with virgin plastic. We have also introduced similar rPET production technology at plants in Poland and Romania. Our total investment in these technologies is more than €50M.
*Numbers refer to 2021 unless stated
** Excluding water
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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.
