CCEP launches its 2020 Western Europe Sustainability Stakeholder Report

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Investors, Sustainability |

Coca-Cola Europacific Partners is one of the leading consumer goods companies in the world and sustainability leadership is at the heart of how we run our business. Central to that is our ambition to reduce greenhouse gas emissions in Europe, Australia, the Pacific and Indonesia by 2040.

The 2020 Western Europe Sustainability Stakeholder Report provides an update on the progress CCEP has made on This is Forward, our joint sustainability action plan with The Coca‑Cola Company in Western Europe, which launched in 2017.

Through This is Forward, our aim is to deliver sustainable growth while creating a better future for our business, our communities and the planet. To do this, we are taking action on six key social and environmental areas – drinkspackagingsocietywaterclimate and supply chain.

Our vision is to deliver loved brands, done sustainably and, despite the challenges of 2020, our focus on sustainability continued, undiminished. We recognise the even greater urgency to address climate change and I am proud that we took an important step in our journey in 2020 with the launch of our new Net Zero 2040 ambition in Western Europe. This progressive plan keeps environmental impact at the heart of our decision-making, driving us to do even more to dramatically reduce our carbon footprint via actions across our entire value chain.

In 2020, our focus was also firmly on the wellbeing of our people and the communities we serve. Together with The Coca-Cola Company and The Coca-Cola Foundation, we provided substantial aid to the Red Cross and other NGOs. In addition to providing protective equipment, we donated more than 600,000 unit cases of our products to European foodbanks, medical and key workers.

Damian Gammell

CEO, Coca-Cola Europacific Partners

2020 Western Europe Sustainability Stakeholder Report Highlights:

  • Net Zero 2040 ambition – We have made strong progress over the last decade, reducing greenhouse gas (GHG) emissions across our entire value chain by 37.7% since 2010, and by 11.9% vs 2019. However, much more needs to be done. That’s why we launched an ambition to reach net zero GHG emissions by 2040 and a target to reduce our absolute GHG emissions across our value chain by 30% by 2030 (versus 2019*) in Western Europe in December 2020.
  • Supplier action – Scope 3 emissions from our value chain account for over 90% of our GHG emissions. Our suppliers are critical to reducing these emissions so we have committed to support our strategic suppliers in Western Europe setting their own science-based carbon reduction targets and use 100% renewable electricity by 2023. We have also asked them to share their carbon footprint data with us so that we can accurately track our reduction progress.
  • Carbon neutral manufacturing sites – We announced that, over the next three years, six of our production facilities in Western Europe will be piloting a carbon neutral sites initiative, where they will work to become PAS 2060 carbon neutral certified by 2023.
  • Collaboration and using our voice – We joined The Climate Group’s EV100 initiative, committing to accelerate our transition to electric vehicles by 2030. We signed The Climate Pledge which brings together companies who are committed to reaching net zero GHG emissions by 2040 – 10 years ahead of the Paris Agreement deadline. We also used our voice to advocate for action to support sustainable investments in a green recovery via the Recover Better business statement and the Green Recovery Initiative in Europe.
  • Shifting to 100% recycled or renewable PET bottles – We are focused on increasing the use of recycled PET in our plastic bottles to at least 50% by 2023 and aiming to reach 100% recycled or renewable plastic by the end of the decade in Western Europe. In 2020, recycled PET made up 41.3% of the PET we use in our bottles in Western Europe.
  • Investing in emerging technologies To achieve a low carbon, circular economy for PET will require new depolymerisation recycling technologies to reach commercial scale. In 2020, CCEP Ventures invested in CuRe, a start-up developing new ways to rejuvenate hard to recycle plastic polyester waste which has the potential to help move towards removing virgin fossil-based PET from our portfolio.
  • Investing in dispensed innovation - Of all the ways our drinks can be served, dispensed solutions can have the lowest carbon and water footprints. In 2020, CCEP Ventures invested in Innovative Tap Solutions, a self-pour dispensing technology and Lavit, a leading maker of multi beverage, countertop dispensing machines. Through these investments, we are testing and exploring dispensed delivery solutions that let consumers make and pour their drink at the push of a button.
  • 2030 water strategy - Effective water management practices are critical to addressing Europe’s growing water risks and to improving our resilience to the impacts of climate change. To strengthen our approach to water stewardship, we have aligned with The Coca-Cola Company’s new 2030 water strategy which adopts a context based approach to water security, allowing us to prioritise local areas which are most at risk from water stress. In 2020, we carried out Facility Water Vulnerability Assessments (FAWVAs) across all of our production facilities in Western Europe to map local water stress risks and vulnerabilities. In addition, working with The Coca-Cola Company we replenished 275% of the water we used in areas of water stress and continued to manage 15 community based water replenishment projects in Western Europe.
  • Community contribution – the total value of our community contribution in 2020 in Western Europe was 9.1 million EUR and we used our strong local links to help communities and vulnerable groups who have been hit hard by the pandemic. 2020 was also an exceptionally tough year for the hospitality sector. Across our territories we launched initiatives to support businesses in this sector and encouraged people to return to their favourite bars, restaurants and cafes, in line with COVID-19 restrictions and social distancing guidelines.

The release of the Western Europe Sustainability Stakeholder Report follows the recent publication of CCEP’s 2020 Western Europe integrated report which outlines progress on our sustainability commitments alongside our annual financial performance.

The Western Europe Sustainability Stakeholder Report is available online on CCEP’s website and can be accessed here and the full 2020 Western Europe progress review infographic can be downloaded here.

* Our baseline year for Western Europe has been updated to 2019, following approval of our new science based GHG emissions reduction target. Our baseline figures for 2019 have been restated to include new emission sources and more accurate data.