Growing faster together

Welcome to our 2023 Integrated Report

Read our latest report

We are growing faster together by combining the strength and scale of our large multinational business with an expert, local knowledge of the customers we serve and communities we support.

Our success is built on three pillars: great brands, great people and great execution. Done sustainably.

  • €18.3bn

    Reported revenue


    Comparable and FX neutral revenue*


  • €2.3bn

    Reported operating profit


    Comparable operating profit*


  • €2.8bn

    Net cash flows from operating activities


    Comparable free cash flow*


  • 0.84

    Total incident rate (TIR) per 100 full time equivalent employees

    Target: Reduce our TIR to below 1 by 2025


  • 16.7%

    Percentage greenhouse gas (GHG) emissions reduction across our entire value chain versus 2019

    Target: Reduce emissions across our entire value chain by 30% by 2030 (versus 2019)


  • 54.6%

    Percentage of rPET used in packaging

    Target: 50% recycled plastic in our PET bottles by 2023 (Europe) and 2025 (API)


*Comparable and FX neutral revenue, comparable operating profit and comparable free cash flow are non-IFRS performance measures. Refer to “Note regarding the presentation of alternative performance measures” on pages 81-82 of the 2023 Integrated Report and Form 20-F for the definition of our non-IFRS performance measures and pages 83-90 for a reconciliation of reported to comparable results.

chairman and ceo

Chairman and CEO In conversation

Sol Daurella Chairman

Damian Gammell CEO

2023 was another great year for CCEP. We have the momentum and platform, now including the Philippines, to go even further together.

— Damian Gammell, CEO
Find out more

Growing faster together

We make, move and sell the world’s most loved drinks to millions of consumers, customers and communities every day. See our case study films to find out more.

FIFA Women’s World Cup

Faster connections

Thumbs WorldCup

Our strategy

  • Great brands
  • Great people
  • Great execution
  • Done sustainably
Great brands

Key focus area for CCEP

We’re focused on our great brands. In close collaboration with TCCC and other franchisors, we are committed to addressing evolving consumer needs through our diversified portfolio of products and packaging sizes.

We endorse the recommendations made by several leading health authorities, including the World Health Organization (WHO), advising people to limit their added sugar consumption to 10% of their total calorie intake.

We continue to reduce sugar across our portfolio, by reformulating our recipes and introducing new products, including new low and no calorie options.

We support transparency by providing customers with straightforward and easy to understand product information, and promote responsible marketing with no advertising of our products to children under 13, or an older age limit in specific regions aligned with local regulations.

Producing safe and high quality products that our consumers can trust is essential to what we do. We adhere to The Coca-Cola Operating Requirements (KORE), which define operational controls and prioritise the sustainable sourcing of ingredients.


Our ambitions

To have brands that people love and to be category leaders with great tasting drinks for every occasion.

To achieve that we are investing in:

  • strong and aligned partnerships with brand partners
  • producing and delivering high quality and great tasting drinks
  • a broad price pack architecture
  • channel diversification

Our This is Forward commitments

Reduce average sugar per litre across our portfolio by 2025
  • by 10% in Europe(A)
  • by 20% in New Zealand(B)
  • by 25% in Australia(B)
  • by 35% in Indonesia(B)

Over 50% of sales to come from low or no calorie drinks by 2030 (Europe by 2025).(C)

(A) Reduction in average sugar per litre in soft drinks portfolio versus 2019. Sparkling soft drinks, noncarbonated soft drinks and flavoured water only.
Does not include plain water or juice.
(B) Reduction in average sugar per litre in NARTD portfolio versus 2015. Includes dairy. Does not include coffee, alcohol, beer or Freestyle.
(C) Does not include coffee, alcohol, beer or Freestyle. Low calorie beverages ≤20kcal/100ml. Zero calorie beverages <4kcal/100ml.

Achievements in 2023

Strengthened our guidelines for the marketing of all the brands and products manufactured or sold by CCEP to drive further transparency in everything we do. Rolled out specific training on our drinks containing alcohol to all our frontline sales force across our markets.

Our sales volume within the energy category increased by 14% versus previous year supported by solid distribution and exciting innovation. For example, we launched Monster Zero Sugar in France, Great Britain, the Netherlands and Sweden to promote choice and meet the growing consumer demand for a no calorie and no sugar variant of Monster Original with the same full-flavoured taste.


Great people

Key focus area for CCEP 

At CCEP, we have an engaging workplace, enabling our great people to do great business for our customers today and tomorrow.

We promote wellbeing, inclusion, diversity, development, innovation and respect, helping to ensure that our people at every level can be heard, grow and have a great experience.

We’re committed to having a positive impact on our people and their communities by supporting economic mobility, and building resilience.

Some people in our local communities face significant socioeconomic barriers, including inequality, social exclusion and unemployment, while environmental challenges affect their daily lives. Across CCEP, we’re tackling these issues and helping to remove people’s barriers to the workplace.

Through our volunteering policy we empower our employees to engage with their communities.


Our ambitions


  • Wellbeing and safety of our people
  • Talented, passionate and committed people who can deliver success for CCEP with winning capabilities, agility and a performance mindset.
  • Open, inclusive and respectful workplace


  • Expand our contribution to society through employee volunteering and supporting local community partnerships

Our This is Forward commitments

  • 45% of management positions to be held by women by 2030
  • A third of our workforce to be women by 2030
  • 10% of our workforce to be represented by people with disabilities by 2030.(A)

(A) Calculated based on the total number of employees responding to our voluntary 2023 inclusion survey (representing 38.4% of our workforce) and the number of employees self-declaring as having a disability.

  • Support the skills development of 500,000 people facing barriers in the labour market by 2030.

Achievements in 2023


  • We developed critical leadership, commercial, customer service and supply chain capabilities through our respective academies
  • We achieved strong employee engagement and delivered a second inclusion survey
  • We expanded and made progress against our diversity commitments for gender balance, disability and social mobility


  • Together with Coca-Cola Hellenic Bottling Company, The Coca-Cola Company and The Coca-Cola Foundation, we rolled out a Social Impact Framework and Toolkit to help measure the impact and progress of our community partnerships supporting people facing barriers in the labour market
  • We also made financial donations to disaster relief organisations to support first responders during environmental disasters in Turkey, Syria and New Zealand.
Great execution

Key focus area for CCEP 

We’re working to deliver great execution for customers. We’re driving growth, creating value and delivering results through close support and collaboration, while identifying new channels and implementing transformative new ways to do business.

To ensure we maintain high quality products and services for our customers we must promote reliability, consistency and sustainability throughout our supply chain.

We recognise the importance of having ethical and sustainable procurement practices that support our business and sustainability goals.

As a business, we rely upon a sustainable supply of ingredients like sugar, coffee, tea and juices as well as the raw materials we use for our packaging like glass, aluminium, plastic, pulp and paper. That’s why we continue to invest in our capabilities and the long-standing and supportive relationships we have with our supply chain to provide even better service for our customers.


Our ambitions


  • Strong and supportive customer service, known for our agility and flexibility.
  • Great digital tools enabled by high quality data and analytics, known to be easy to do business with and for our world class execution.


  • A well invested supply chain and optimised portfolio.
Our This is Forward commitments
  • 100% of our main agricultural ingredients and raw materials sourced sustainably.
  • 100% of our suppliers to be covered by our Supplier Guiding Principles (SGPs) – including sustainability, ethics and human rights.

Achievements in 2023


  • Our online customer portal,, received a new look and feel to make it easier to use for customers. New tools and functionalities are constantly being added to including point of sale materials and consumer insights to help customers grow their businesses.


  • Following the launch of our Responsible Sourcing Policy (RSP) in 2022, we focused on actively engaging and communicating with our suppliers across our markets in Europe and API and aiming for 100% of our suppliers to understand and comply with our policy.
  • To reduce our Scope 3 emissions, we continued to engage with our carbon strategic suppliers, asking them to set their own science based targets and transition to 100% renewable electricity. This will ensure more of our suppliers have strong SBTi targets in place across our territories and help to reduce their GHG emissions.
Done sustainably

Key focus areas for CCEP 

We are committed to decarbonising our entire business.

The Intergovernmental Panel on Climate Change (IPCC) has highlighted the need for urgent climate action(A). We take our responsibility seriously, and have set GHG reduction targets aligned to climate science.

We are taking urgent action to reduce the impact of our packaging.

Waste and pollution, particularly from plastic packaging, are significant global challenges and we are reinventing the way we do business to progressively move away from a linear model and the waste it creates, towards a full circular model.

We have adopted a value chain approach to water stewardship.
Water is vital to our business. It is the main ingredient in our products, essential to our manufacturing processes and crucial for the agricultural ingredients we use. We prioritise water efficiency in our own operations, while safeguarding the sustainability of the water sources our business, communities and suppliers rely upon.


Our This is Forward commitments

  • Reduce our absolute GHG emissions (Scope 1, 2 and 3) by 30% by 2030 (versus 2019).(A)
  • Net Zero GHG emissions (Scope 1, 2 and 3) by 2040.(A)
  • Use 100% renewable electricity across all markets by 2030.
  • 100% of carbon strategic suppliers(B) to set science based targets in Europe by 2023 and in API by 2025.
  • 100% of carbon strategic suppliers(B) to use 100% renewable electricity in Europe by 2025 and in API by 2030.

(A) Our GHG emissions reduction and Net Zero targets have been validated by the SBTi as being in line with climate science.

(B) Carbon strategic suppliers account for ~80% of our Scope 3 GHG emissions (~200 suppliers in total).

  • 100% of our primary packaging to be recyclable by 2025.
  • 50% recycled plastic in our PET bottles in Europe by 2023 and in API by 2025.
  • Stop using oil-based virgin plastic in our bottles by 2030.
  • Collect and recycle a bottle or a can for each one we sell by 2030.
  • 10% reduction in our manufacturing water use ratio(C) by 2030 (versus 2019).
  • Replenish 100% of the water we use in our beverages.
  • 100% regenerative water use in leadership locations(D) by 2030

(C) Water use ratio: litres of water per litre of finished product produced.

(D) NARTD production facilities which rely on vulnerable water sources or have high water dependency. We have nine leadership locations in Europe and four in API.

Achievements in 2023

  • In 2023, our Group wide targets to reduce GHG emissions were approved by the SBTi. To assess how GHG emissions will reduce by 2030, we started to build a climate transition plan, including carbon reduction roadmaps with targeted investment through to 2030.
  • We became a Member of the Ellen MacArthur Foundation’s Network, the world’s leading circular economy network that brings together businesses, policymakers, financial institutions, innovators and thought leaders to accelerate the transition to a circular economy.
  • In 2023, we set a new Group wide water use ratio (WUR) reduction target, aiming to reduce our WUR by 10% by 2030 (versus 2019). This target is an aggregation of site level WUR targets, which are set in line with the sites’ water risk categorisation.