Climate Change Data

CCE Holding GmbH

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:369.59 tCO2e (market-based)
Scope 1 Emissions:0.47 tCO2e
Scope 2 Emissions:191.26 tCO2e (market-based)
Scope 3 Emissions:177.86 tCO2e
Waste Generated:1.2 tons (hazardous waste)
Carbon Intensity:24.82084E-05 gCO2e/m€

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Labor Rights
  • Community Development
  • Governance

Environmental Achievements

  • Completed carbon footprint analysis of La Huella and CCE operations for 2021.
  • Avoided approximately 100,000 tonnes of CO2 emissions in 2022 from La Huella, IGEP, and BelPower.
  • La Huella solar plant in Chile connected to the grid and sustainably powered approximately 95,500 households.

Social Achievements

  • Implemented employee engagement tool, TeamEcho.
  • Launched the ‘La Huella’ project in Chile, providing 30 families with free photovoltaic kits.
  • Became the main sponsor of “CCEN LSB Lecce”, a basketball club focused on inclusion.

Governance Achievements

  • Implemented first ESG Policy in October 2021.
  • Developed and implemented Code of Conduct, Supplier Code of Conduct, and Sustainability Policy in September 2022.
  • Implemented various policies including anti-retaliation, anti-trust and competition, bribery and improper payments, conflicts of interest, compliance with sanctions and trade embargo, and gifts and entertainment policies.

Climate Goals & Targets

Long-term Goals:
  • Become a fully integrated Independent Power Producer (IPP) in renewable energies.
Medium-term Goals:
  • Full implementation of biodiversity program by 2024.
  • Achieve 2 GWp PV portfolio by 2027.
Short-term Goals:
  • Implement recommendations from TeamEcho employee engagement review (Q2 2023).

Environmental Challenges

  • Potential delays due to unfavorable weather conditions during construction.
  • Cost overruns during construction.
  • Supplier dependencies during construction.
  • Fluctuating electricity prices.
  • Liquidity risks related to financing construction activities.
  • Fluctuations in exchange rates (USD and Chilean Peso).
  • Interest rate risk.
  • Credit risk.
Mitigation Strategies
  • Conservative construction planning and budgeting.
  • Established relationships with top-tier technology providers.
  • Long- and short-term power purchase agreements (PPAs) and secured long-term feed-in tariffs.
  • Geographical diversification of projects.
  • Ongoing liquidity monitoring and forecasting.
  • Currency hedging.
  • Adapting loan tenors to PPA durations.
  • PPAs with highly-rated off-takers.
  • Operating only in OECD countries (EU and Chile).

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Unfavorable weather conditions
Transition Risks
  • Fluctuating electricity prices
Opportunities
  • Accelerating the global expansion of solar PV

Reporting Standards

Frameworks Used: GRESB, UN Global Compact, UN SDGs, TCFD, Paris Agreement, EU Taxonomy

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 13

Investments in solar energy provide clean power, increase renewable energy share in grids, support just transition, and contribute to climate mitigation and adaptation.