Signing Ceremony of Renewable Energy Certificate (REC) Sale and Purchase Agreement between CCEP Indonesia and PT PLN (Persero)

Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) strengthens its commitment to implementing new and renewable energy through a Renewable Energy Certificate (REC) Sale and Purchase Agreement from PT PLN (Persero). This commitment is stated in the cooperation document signed by the Finance Director of CCEP Indonesia, Luis Miguel Pellejero and the Manager of PLN UP3 Cikarang, Zamzami, in Jakarta, Tuesday, December 19 2023.

The purchase of Renewable Energy Certificates (REC) from PLN is one of CCEP Indonesia's initiatives in meeting climate ambitions, which will also support the government's target of achieving emission reductions and moving towards net zero emissions while demonstrating the company's commitment to supporting the realization of energy transition goals.

As a company that produces and distributes packaged drinks, electricity is the primary energy source in the supply and production chain. In her speech, CCEP Indonesia's Director of Public Affairs, Communications and Sustainability, Lucia Karina, said that this collaboration was a big step in line with the company's target of achieving net zero emissions by 2040 Energy, which, among other things, is done through the application of 100% electricity from renewable energy.

CCEP Indonesia is committed to purchasing renewable energy and producing PLN of 90 GWh, or the equivalent of 5.2 billion rupiah, through this agreed electricity collaboration for 2023-2025. In the agreed cooperation contract, CCEP Indonesia will purchase 90,211 REC units during the three years, with 14,079 REC units in 2023, 29,566 units in 2024, and 46,566 units in 2025.

The purchase of REC is part of the company's commitment to include its sustainability plan, This is Forward, especially on climate action. In this globally implemented arrival plan, CCEP declared a public commitment to achieve net zero emissions by 2040 by reducing greenhouse gas emissions by 30% by 2030 (versus 2019), using 100% of electrical energy from renewable sources by 2030, 100% supplier partners implementing 100% renewable electrical energy by 2030, and 100% strategic supplier partners according to SBTi (Science Based Target Initiatives) by 2025.