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CDP AGAIN AWARDED COCA-COLA HBC WITH DOUBLE A

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On Tuesday, December 7, Coca-Cola HBC has again been recognized 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 management.

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.
 
- “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.”- highlighted Marcel Martin, director of the Coca-Cola HBC Operations Department.

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.