Pegasus Midco B.V.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Creating a safe and great place to work
- Reducing GHG emissions in our operations and supply chains
- Improving and promoting sustainable packaging
- Reducing and managing our manufacturing waste
- Protecting water levels and optimizing our water usage
Environmental Achievements
- Our manufacturing sites in the UK no longer send any of their waste to landfills.
- Maarheeze plant is investing in a water treatment system to reduce the water ratio of every liter of beverage produced.
- Introduced tethered caps to facilitate recycling and litter reduction in line with the EU's Single-Use Plastics Directive (2019/904).
Social Achievements
- Refresco Australia earned its first Great Place To Work certificate.
- Developing a global DE&I strategy to strengthen efforts in Diversity, Equity & Inclusion (DEI).
Governance Achievements
- Established a formal structure of governance for ESG, led by the CEO and supported by the Executive Committee and a Head of Group Sustainability.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- High inflation rates and increased operational costs put pressure on the bottom line.
- General staff shortage globally, and finding the right talent is becoming increasingly difficult.
- Growing stakeholder concerns and changes in laws and regulations relating to plastic packaging and waste.
- Climate change and water-related risks.
Mitigation Strategies
- Pricing initiatives to cover higher input and operating costs.
- Local initiatives such as salary benchmarking, enhancing employer brand, leveraging dedicated recruitment software, developing leadership skills, and improving onboarding processes.
- Integrating sustainable packaging into customer and supplier strategies with the aim of reducing the amount of plastic in beverage containers and secondary packaging.
- Investing in energy-efficient equipment and processes, energy awareness programs, and collaborative initiatives throughout the supply chain.
- Funding sustainable water treatment programs to reduce the impact of discharged water on the environment and exploring ways to reduce water consumption in production processes.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Climate change and water-related risks
Transition Risks
- Changes in laws and regulations relating to plastic packaging and waste
Reporting Standards
Frameworks Used: CSRD
Certifications: SQF, BRC, FSSC 22000, IFS Food
Sustainable Products & Innovation
- Plant-based bottles
- Mono-material drink cartons
Awards & Recognition
- Great Place To Work certificate (Australia)