CCEP Announces Its Strategy to Achieve ‘Net Zero’ Emissions by 2040

CCEP (Coca-Cola European Partners) has ring-fenced €250 million to help the company meet its commitment of net zero emissions by 2040.

The ‘decarbonisation’ of its business will be accelerated and the first target is to reduce greenhouse gas emissions across its entire supply chain by 30% by 2030.

CCEP adds that it will reduce greenhouse gas emissions across all five areas of its value chain: ingredients, operations, transportation, refrigeration and packaging.

CCEP
María Mendiluce

The three-year, €250 million investment will include sustainable packaging initiatives such as the progression of its 100% rPET roadmap and in scaling depolymerisation technology., CCEP has already transitioned to 100% rPET bottles in the Netherlands and Norway.

In order to meet its goals, CCEP has also set targets for 100% of its strategic suppliers –including key ingredients and packaging suppliers – to set their own science-based targets and use 100% renewable electricity.

“By engaging key suppliers in the shared objective of aligning with science and investing in renewable energy, not only will they [CCEP] tackle the biggest emission reduction challenges but also contribute to the green recovery”, María Mendiluce, CEO of the We Mean Business coalition, said.

The commitments build on the work undertaken over the last decade to reduce emissions across the chain by 30.5% from 2010 levels.

CCEP will also invest in projects which remove carbon from the atmosphere or verified carbon offset projects.

“Our vision has always been to deliver loved brands, done sustainably, and today we recognise the even greater urgency to address climate change, one of the most serious and complex challenges facing society and our planet”, Damian Gammell, CEO of Coca-Cola European Partners said. “We have developed an ambitious plan to reduce greenhouse gas emissions which uses absolute science-based carbon reduction targets to underpin our ambition and chart our progress.”

 

Read more news from CCEP on Planet Vending HERE

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The Editor

Planet Vending’s Editor is Ian Reynolds-Young and it’s Ian’s unique writing talent that has made PV what it is today – the best read (red) vending blog in the world, and vending’s best read (reed). Ian ‘tripped and fell into vending’, in the capacity of PR executive, before launching a specialist agency, ‘reynoldscopy’, dedicated to the UK Vending business. The company continues to represent the interests of many of the sector’s leading brands.

‘It’s all about telling stories’, he says. ‘We want to make every visit to PV a rewarding experience. By celebrating the achievements of the UK’s operating companies, we’re on a mission to debunk the idea that vending is retailing’s poor relation.’

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