Home Americas Europe: Coca-Cola HBC to cut carbon emissions by 50% by 2020

Europe: Coca-Cola HBC to cut carbon emissions by 50% by 2020

Coca-Cola HBC intends to reduce water use intensity by 30% by 2020, compared to 2010 and direct carbon emissions intensity by 50% over the same period.

The company’s approach to sustainability was endorsed in September when Coca-Cola HBC was named beverage industry leader by the Dow Jones World and Europe Sustainability Indices for the second consecutive year.

Coca-Cola HBC was also ranked eighth out of the top 100 companies listed on the Financial Times Stock Exchange Index for its carbon reporting by Carbon Clear — and ranked first within the beverage sector.

“It is our pleasure to make these commitments related to our water and carbon footprint,” says CEO Dimitris Lois. “Our partnerships with stakeholders and our communities have been fundamental to our achievements so far and will continue to be instrumental in meeting our new commitments, supporting the global action to reach the Sustainable Development Goals recently endorsed by the United Nations.”

This is the eighth year that the company has been included in the Dow Jones Sustainability Index (DJSI).

Of the 2,500 companies across different industries, invited to participate in the DJSI assessment worldwide, Coca-Cola HBC ranked beverage industry best with a total score of 87/100.

This was 34 points higher than the industry average.

The company was ranked industry best in eight criteria: code of business conduct / compliance / anti-corruption, environmental policy, packaging, raw materials sourcing, human capital development, health & nutrition, social reporting, and talent attraction and retention.