Coca-Cola European Partners (CCEP) is about to boost up the decarbonisation of its trade by means of decreasing absolute greenhouse gasoline (GHG) emissions throughout its whole price chain – together with scope 1, 2 and three emissions – by means of 30% by means of 2030 (vs 2019) and environment a trail to transform a Net Zero trade by means of 2040, in alignment with a 1.5˚C pathway and the Paris Climate Agreement.
CCEP will scale back GHG emissions throughout all 5 spaces of its price chain – substances, packaging, operations, transportation and refrigeration. Crucially, there’s a vital center of attention on decreasing scope 3 emissions by means of a dedication to reinforce strategic providers to set their very own science-based carbon relief objectives and use 100% renewable electrical energy.
CCEP’s instant motion plan is supported by means of a three-year €250m funding which is able to supply centered monetary reinforce to decarbonise its trade. This comprises sustainable packaging tasks, corresponding to the development of its 100% rPET roadmap and making an investment within the scaling of depolymerisation era, which is able to assist boost up the supply of its longer-term net-zero targets.
The ambition is underpinned by means of the inclusion of a GHG emissions relief goal in CCEP’s longer term control incentive plan (LTIP) – 15% of the LTIP awarded in 2020 will likely be according to the level to which CCEP reduces GHG emissions over the following 3 years.
It builds on paintings undertaken over the past decade to scale back GHG emissions throughout CCEP’s whole price chain by means of 30.5% (vs 2010) as a part of This is Forward, its joint sustainability plan with Coca-Cola in Western Europe. CCEP’s 2030 GHG relief dedication has been authorized by means of the Science-Based Targets initiative (SBTi) as being consistent with a 1.5˚C relief pathway as really helpful by means of the Intergovernmental Panel on Climate Change (IPCC).
As a part of its adventure to Net Zero, CCEP will put money into tasks which take away carbon from the ambience or verified carbon offset tasks. However it will center of attention on decreasing emissions so far as conceivable and will handiest offset the place crucial and the place it can’t scale back emissions to any extent further.