Coca-Cola HBC commits to net zero emissions by 2040
Coca-Cola HBC (CCH) has announced a commitment to achieving net zero emissions across its entire value chain by 2040.
Via an existing, approved science-based target, by 2030 the company will reduce its value chain emissions in scopes 1,2 and 3 by 25%, with a further 50% reduction in the following decade. To address the 90% of emissions in scope 3 resulting from third party actions, CCH will broaden its existing partnership approach with suppliers. Wherever emissions cannot be eliminated entirely, the business will mitigate these by investing in other climate protection measures.
At Coca-Cola HBC, we have a proud legacy of doing the right thing for the communities we serve, and we understand that sustainability has never been more important for our consumers and our communities.
We will reduce our direct emissions to an absolute minimum, and we will work in partnership with our suppliers to eliminate the 90% of our carbon footprint that results from third parties. Wherever we can’t eliminate emissions entirely, we will mitigate or remove those by investing in other climate protection measures.
This commitment is the ultimate destination of a journey that we have already started and on which we value your engagement on initiatives that can have a real impact for shoppers and consumers.
The announcement is fully aligned with our local philosophy to support the socio-economic development of our communities and to make a more positive environmental impact.
In Ireland and Northern Ireland, we have been on this journey for some time. Since 2010, we have reduced our total energy usage by 25% and our carbon emissions per litre of beverage by 60%, saving 43 million megajoules of energy in the period.
To meet our net zero by 40 objective, we are committed to increasing our focus and investments. Just some of the short-term actions we will take across the island of Ireland include:
- Supporting a true circular economy for beverage packaging with the establishment of a world-class deposit return scheme in Ireland and Northern Ireland.
- ‘Driving a more sustainable future’ by expanding our green fleet from 20% currently, to 27% by the end of 2022.
- Increasing our energy efficient refrigeration units in customer outlets from 50% currently, to 80% by 2023.
- Increasing our use of renewable electricity from 10% currently, to 100% by 2030.
We are also exploring additional green innovations, including:
- Increasing our use of solar power, with an initial pilot for car charging points.
- Removing the need for natural gas steam generation with an evaporative condenser project
- Increasing our use of biogas for our Combined Heat and Power (CHP) plant, as a further source of renewable energy.