The drinks manufacturer aimed to reduce GHG emissions across the five areas of its value chain – ingredients, packaging, operations, transportation and refrigeration – with significant focus on reducing scope 3 emissions.
Scope 3 encompasses indirect emissions occurring from supply chain sources manufacturers neither own nor control. CCEP has committed to support its suppliers in exploring science-based carbon reduction targets and transitioning to 100% renewable electricity.
The three-year €250m investment will specifically look into sustainable packaging initiatives, including a drive towards 100% recycled polyethylene terephthalate and the scaling of depolymerisation technology.
Decade of work
CCEP’s latest net-zero targets are built on work undertaken over the last decade to reduce GHGs across the business by 30.5%. It hoped to incentivise its journey towards lower emissions by incorporating its targets into its long term management incentive plan.
Stephen Moorhouse, general manager, CCEP GB, said: “Our latest milestone forms an important part in accelerating the Road to Zero and comes at a key moment with COP26 on the horizon and as we reach the fifth anniversary of the Paris Agreement.
“This is forward sustainability strategy which covers our impact in relation to packaging, supply chain, climate and society will continue to guide our ongoing efforts over the next three years – and well into the future.”
Science-Based Targets initiative
CCEP’s 2030 GHG reduction commitment has been approved by the Science-Based Targets initiative as being in line with a 1.5˚C reduction pathway as recommended by the Intergovernmental Panel on Climate Change.