Disclosures and recognition
Recognising our progress
Commitments and progress refer to Europe unless otherwise stated.
We are committed to being a leader in sustainability in the beverage industry. We set high performance targets for ourselves and believe it is important to report on our progress. Our sustainability performance is assessed by a range of major sustainability indices, responsible investment analysts and other external organisations.
This includes direct engagement via questionnaires, in-depth interviews, desk research and analysis of our publicly disclosed data and sustainability information. Ratings allow investors to assess and track our environmental, social and governance (ESG) performance against objective industry benchmarks. We use the results to help us strengthen our management systems and sustainability reporting processes.
Here are highlights of our latest rankings, awards and recognition:
- CDP
- SASB
- MSCI
- FTSE4Good
- ISS ESG
- Moody's ESG Solutions
- EcoVadis
CDP
CDP is an international non-profit charity that encourages companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. CDP’s annual A List names the world’s top businesses for environmental performance, based on their disclosures.
We have submitted responses to the CDP Climate list since 2010 and to its water questionnaire since 2012. In 2022, we have been included on the CDP A List for climate change and water security, for the seventh consecutive year.
CCEP is one of a small number of companies that was awarded a double ‘A’ score for leadership in corporate transparency and performance on both climate change and water security, out of more than 10,000 businesses that were reviewed. This reflects our continued progress against the commitments in our This is Forward, CCEP’s sustainability action plan, which has recently been extended to include our markets in Australia, the Pacific and Indonesia. CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.
- Paul Simpson, CEO of CDP
CCEP has achieved the highest score, an A rating, on CDP’s Supplier Engagement Rating (SER), which measures how effectively companies engage with their suppliers on climate change. Companies with the best ratings are recognised as Supplier Engagement Leaders, of which CCEP is one of the top 8% of companies who disclosed to CDP.
2020 SASB Index
The mission of the Sustainability Accounting Standards Board (SASB) Foundation is to establish industry-specific disclosure standards across environmental, social and governance topics, that facilitate communication between companies and investors about useful financial information to aid decision making.
Since 2019, we report to the Sustainability Accounting Standards Board framework. It builds on our 2020 Integrated Report. The report has been prepared in accordance with the Global Reporting Initiative (GRI) principles at Core level. It has been independently assured by DNV. The work completed by DNV and their conclusion is described in the Independent Assurance Statement.
Currently, we do not track all metrics included in the Non-Alcoholic Beverages Standards, but will work towards including more data in the future.
MSCI ESG Rating
MSCI ESG Research provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices of thousands of companies worldwide. Their research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes, produced by MSCI, Inc. For more information, click here.
As of 2016, Coca-Cola European Parnters received an MSCI ESG Rating of AAA, marking us as a leader within our industry for managing ESG risks and opportunities.
The use by Coca-Cola European Partners of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Coca-Cola European Partners MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
FTSE4Good
Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
In 2022, we were independently assessed according to the FTSE4Good criteria, and satisfied the requirements to become a constituent of the FTSE4Good Index Series for the seventh year running.
ISS ESG
ISS ESG provides industry-specific corporate environmental, social and governance (ESG) ratings to help investors measure a company’s sustainability performance.
In 2021, we were given a Prime Rating of C+. Prime ratings are awarded to companies that meet specific minimum requirements in corporate ratings and achieve the best ESG scores among their sector peers.
Moody's ESG Solutions is a business unit of Moody’s Corporation that serves the growing global demand for ESG and climate insights. The group’s comprehensive offering includes ESG scores, Climate data, Sustainability Ratings and Sustainable Finance certifier services that he
In our 2023 Moody's ESG Solutions scorecard, our overall score is 59/100. Being ranked #1/10 in our sector, as #4/1,270 in the region and as #256/4,814 globally.
EcoVadis
In 2023, our company has been awarded a EcoVadis Platinum medal in recognition of CSR achievement. To receive this medal, companies must have an overall score of 75/100. Our score was 79/100.
EcoVadis provides the leading solution for monitoring sustainability in global supply chains. Using innovative technology and CSR expertise, they strive to engage companies and help them adopt sustainable practices.