As much as 65% of our procurement was sourced from local suppliers, and 93% of production waste was recycled.
Sarajevo, 6 December 2017 – The Coca‑Cola Responsible Business Forum on Sustainable Development was held today at the Novotel Bristol hotel in Sarajevo, where Coca‑Cola HBC B-H Sarajevo’s first ever Sustainability Report was presented to an audience made up of numerous representatives of governmental institutions, business and academic communities, the NGO sector and the media. At the Forum, a dialogue was initiated on the importance of sustainable business of companies for the economic and social progress of Bosnia and Herzegovina.
The 2016 Sustainability Report showcases the economic, environmental and social impact of Coca‑Cola’s daily business operations in BiH,the values of the company and its management model, as well as the link between its strategy and commitment to a sustainable global economy.
“The principles of sustainability are a strategic priority of our company. They are integrated in all of our business processes. Conducting business in compliance with sustainability principles allows us to be the drivers of positive change, and a reliable and desirable partner that preserves natural resources and generates added value for the company, our partners and the community in which we conduct our business. Coca‑Cola HBC B-H has generated 0.5% GDP for the third consecutive year, and our customers have rated us as the best supplier in the industry, with 65% of our procurement budget being awarded to local suppliers,’ Ruža Tomić-Fontana, General Manager of Coca‑Cola HBC for Bosnia and Herzegovina, Croatia and Slovenia stated, and added that the first local report was created for the purpose of promoting sustainable business and presenting the company’s practices and achievements in the area of sustainable business to all stakeholders.
Coca‑Cola HBC B-H Sarajevo has up to now reported on its achievements in the area of sustainable development to its parent company Coca‑Cola HBC, which conducts its business in 28 countries and, which in September this year was named as one of the industry global leaders in the area of sustainable business according to the Dow Jones Sustainably Indices (DJSI) for the fourth year in a row. The achievements of Coca‑Cola HBC B-H were also a contributing factor to its success.
The report was prepared in compliance with the G4 guidelines of the Global Reporting Initiative (GRI), and representatives of all departments and units of the Coca‑Cola HBC B-H Sarajevo took part. Expert support, monitoring and verification of the implementation of the G4 guidelines for reporting on sustainability was provided by the expert team of the Economic Institute Sarajevo, and they presented the methodology used in the preparation of the report as well as its most significant achievements at the Forum.
Reporting is a practice that yields multiple benefits and most importantly, allows companies to measure, understand and present their economic, environmental and social achievements as well as results in the area of corporate management, and to set goals and manage change more effectively, to be more transparent regarding the risks they face and give stakeholders a key role in identifying issues important for conducting business. ‘”Coca‑Cola HBC B-H Sarajevo has achieved significant results in reducing its ecological footprint – as much as 93% of production waste is recycled, and in the period 2010 – 2016 water consumption was reduced by 46%, and energy per 1l of produced beverage by 20%. The Coca‑Cola bottler in Hadžići is the first and only bottler in Bosnia and Herzegovina awarded ESW standard certification by the European Water Management and Conservation Agency. The Company has invested 1.32% of its pre-tax profit into community support projects, and the Coca‑Cola HBC B-H Sarajevo employees have, through mentoring programs and training, dedicated over 1,500 hours to the youth in Bosnia and Herzegovina,” prof. Velma Pijalović Ph.D., a member of the expert team of the Economic Institute Sarajevo emphasised.
In the last two years, Coca‑Cola HBC B-H Sarajevo has aimed its activities particularly towards support to young people. Through its Coke Summership and Coca‑Cola Youth Empowerment programs it helps young people gain new business skills and find employment more easily. In 2016, 12 out of 20 participants of the Coke Summership program got jobs, and 200 young people who had completed their formal education, but had not yet found employment were included in the Coca‑Cola Youth Empowerment Program.
“We believe that all our efforts matter, and are useful for improving general conditions for the citizens of Bosnia and Herzegovina, and that, in cooperation with our partners, we will contribute to industry development and community wellbeing,” Ms Tomić-Fontana concluded.
Under the slogan Sustainability for the Wellbeing of All, the Coca‑Cola Responsible Business Forum on Sustainable Development is organised with the support of the Foreign Trade Chamber of Bosnia and Herzegovina, the American Chamber of Commerce in BiH, the Association of Employers of the Federation of Bosnia and Herzegovina, the Council of Foreign Investors in BiH, and with the media support of the Business Magazine.
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