The Intergovernmental Panel on Climate Change (IPCC) has highlighted that urgent climate action is needed. That’s why we have a target to reach net zero emissions by 2040.
The world is at a critical point. Climate change – caused by greenhouse gas (GHG) emissions, in part from businesses such as ours – is leading to global temperature increase and extreme weather conditions around the world. COP26 and the IPCC has highlighted that urgent climate action is needed if we are to limit global temperature increase to 1.5°C.
We take seriously the responsibility to reduce our GHG emissions, to mitigate climate change and to protect the future of our planet.
That’s why we have a target to reach net zero emissions by 2040 – 10 years ahead of the Paris Climate agreement – and to reduce our absolute GHG emissions across our value chain by 30% by 2030 (vs 2019).
Our Group wide near-term science-based emissions reduction target, versus 2019, and our science-based net zero by 2040 target have been approved by the Science Based Targets initiative (SBTi) and are aligned with a 1.5C pathway.
Over 90% of our value chain GHG emissions come from our supply chain. So, we are committed to supporting suppliers to set their own science-based carbon reduction targets and to shift to 100% renewable electricity and to begin sharing their carbon footprint data with us.
As an influential global business, we use our voice to guide public policy and drive the transition to a low-carbon future. In 2021, we joined over 700 of the world’s largest organisations and the We Mean Business Coalition, to call for G20 nations to step up their climate ambitions and adopt stronger targets to mitigate the worst effects of climate change.
We are a proud member of The Climate Group’s RE100 initiative across Europe and API. We are also a member of the Corporate Leaders Group, supporting European Union policymakers in their work to increase the EU’s GHG emissions reduction targets for 2030, in line with the EU’s goal to become carbon neutral by 2050.
Our actions support UN Sustainable Development Goal 7: Affordable and clean energy and Goal 13: Life on land.
“CCEP committed to power its entire operations across API with 100% renewable electricity. Setting this target in this region sets a strong example for other companies to follow.”
Action On Climate Milestones
2011 2013 2015 2016 2017 2018 2019 2020Our 2040 Ambition
- Net Zero 2040 Ambition
- 30% GHG reduction by 2030
- Engage with Suppliers
We have an ambition to reach Net Zero by 2040
Between 2020 and 2022, we supported the delivery of our GHG emissions reduction target through a €300 million investment plan. A proportion of this investment helped us accelerate our use of recycled PET (rPET) resulting in us achieving our >50% rPET target ahead of plan in Europe. Our efforts across our entire value chain reduced emissions by 9.4% versus 2019.
We’re now focused on reducing our value chain emissions even further. We will work together with our suppliers to reduce our scope 3 emissions, where our biggest impacts occur. To reach Net Zero by 2040, we will focus first on reducing emissions as far as possible and will offset where essential, and then will invest in projects which remove carbon from the atmosphere or verified carbon offset projects.
We’ll reduce absolute GHG emissions across our value chain by 30% by 2030 (vs 2019)
This target 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). Our focus will be on reducing GHG emissions across scope 1, 2 and 3, covering activities throughout our value chain: ingredients, packaging, operations and commercial sites, transport and cold drinks equipment.
We are taking action to achieve this goal: we’ve accelerated our ambition to use zero virgin fossil-based PET in our plastic bottles within a decade; we’ll explore how to make our manufacturing sites fossil-fuel free and will transition six of our manufacturing sites to be carbon neutral by the end of 2023; we’re working to reduce the distance we transport our products; we’re continuing to shift our cold drinks equipment to more energy efficient models.
We’ll ask suppliers to set their own science-based GHG emissions targets and use 100% renewable electricity by 2023
Our focus will be on reducing emissions across our entire value chain – from the raw ingredients we source and the packaging we use, to the drinks we sell. However, we can’t achieve this alone. Over 90% of our GHG emissions are related to the activities of our suppliers, so we will be supporting them to:
- Set their own science-based GHG emissions reduction targets by 2023
- Use 100% renewable electricity across their operations by 2023
- Share their carbon footprint data with us