Coca-Cola Europacific Partners plc
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:482398 tCO2e
Scope 1 Emissions:295904 tCO2e
Scope 2 Emissions:186494 tCO2e (market-based)
Scope 3 Emissions:4931065 tCO2e
Renewable Energy Share:74.4%
Total Energy Consumption:2022362 MWh
Carbon Intensity:0.00002785 tCO2e/unit total revenue
ESG Focus Areas
- Climate Change
- Water
- Supply Chain
- Packaging
- Society
- Drinks
Environmental Achievements
- Reduced emissions by 9.4% versus 2019 baseline.
- 100% renewable electricity in Europe since 2018.
- Achieved >50% rPET target four years early in Europe.
- Six sites achieved PAS 2060 carbon neutral certification.
Social Achievements
- Continued partnership with Sustainable Agriculture Initiative (SAI) Platform.
- Supported Misión Posible: Desafío Guadalquivir project, returning 1 million m³ of water to nature.
Governance Achievements
- Board-level oversight of climate-related issues.
- ESG Committee oversees sustainability action plan and climate-related risks.
- Audit Committee oversees risk management and ESG reporting.
- Executive compensation linked to ESG performance (15% weighting on GHG emissions reduction in LTIP).
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2040.
Medium-term Goals:
- Achieve 50% recycled plastic in API by 2025.
- 100% renewable electricity across all markets by 2030.
- Eliminate oil-based virgin plastic in bottles by 2030.
Short-term Goals:
- Reduce absolute GHG emissions by 30% by 2030 (vs. 2019).
Environmental Challenges
- Supply chain disruptions due to extreme weather events.
- Potential for increased costs due to carbon pricing mechanisms.
- Challenges in sourcing renewable electricity in some regions (e.g., Indonesia).
Mitigation Strategies
- Investment in flood defence and climate adaptation (€3 million in 2022).
- Comprehensive sustainability strategy to decrease carbon footprint (€300 million investment 2020-2022).
- Engaging with suppliers to set science-based targets and use renewable electricity.
- Developing carbon reduction roadmaps across markets.
Supply Chain Management
Responsible Procurement
- Supplier Guiding Principles (SGPs)
- Principles for Sustainable Agriculture (PSA)
- EcoVadis assessments
- Sustainability-linked supply chain finance program
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (floods, heatwaves, storms)
- Water stress/scarcity
Transition Risks
- Carbon pricing mechanisms
- Regulatory changes related to packaging
Opportunities
- Energy and water efficiency measures
- Increased use of rPET
- Development of low-emission goods and services
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, SBTi, RE100, UN Global Compact, CEO Water Mandate
Certifications: ISO 14001 (64/66 NARTD facilities), FSC, PEFC, Rainforest Alliance
Third-party Assurance: DNV
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
Initiatives contribute to these goals through emissions reductions, renewable energy use, sustainable packaging, and sustainable sourcing.
Sustainable Products & Innovation
- 100% rPET bottles