Taking action now on our path to Net Zero
The world is at a critical point and we must all play our part to cut Greenhouse Gas (GHG) emissions, to limit global temperature increase to 1.5°C in line with the 2015 Paris Climate Change Agreement, and protect the future of our planet.
That’s why we have an ambition to reach Net Zero by 2040, and to reduce our absolute GHG emissions across our value chain by 30% by 2030 (vs 2019). CCEP’s 2030 GHG reduction commitment has been approved by the Science-Based Targets initiative (SBTi) as being in line with a 1.5˚C reduction pathway as recommended by the Intergovernmental Panel on Climate Change (IPCC).
The ambition is underpinned by the inclusion of a GHG emissions reduction target in CCEP’s long term management incentive plan (LTIP) – 15% of the LTIP awarded in 2020 will be based on the extent to which CCEP reduces GHG emissions over the next three years. We’ll continue to disclose information about our value chain GHG emissions, and about the climate risks that we face in our annual reporting, and we’ll encourage our suppliers to do the same.
As a major business, we will use our voice to influence public policy which will help drive the transition to a low-carbon future. CCEP is a proud member of the We Mean Business coalition, as well as a member of The Climate Group’s RE100 initiative, under which we achieved our target of purchasing 100% renewable electricity in 2018. As a member of the Corporate Leaders Group, we support a significant increase in the EU GHG emissions reduction target for 2030, in line with the EU’s goal to become carbon neutral by 2050.
Our actions on climate helps us to support UN Sustainable Development Goal 7 and UN Sustainable Development Goal 13.