Coca-Cola European Partners included on A List for climate change and water security

CCEP is one of only a few companies globally to be included on the Carbon Disclosures Project’s Climate and Water A lists for five consecutive years

Coca-Cola European Partners (CCEP) has been included on the Carbon Disclosures Project’s (CDP) prestigious A List for climate change and water security, for the fifth consecutive year. CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.

Inclusion on CDP’s A list comes as CCEP announces an accelerated climate ambition to reach Net Zero by 2040. CCEP is one of 63 companies globally to be listed double CDP A List position for both Climate and Water in 2020 and demonstrates the strong results driven by CCEP’s This is Forward sustainability action plan.

Joe Franses, Vice President, Sustainability for Coca-Cola European Partners said: “With the threshold for A List membership continuing to increase in 2020, achieving this milestone is an honour. Our work to understand our climate and water-related risks together with our ongoing work to reduce our greenhouse gas emissions and adopt sustainable water management practices have been critical to implementing our sustainability strategy. But there is much more for us to do.”

“We know we need to stretch our climate ambition, and this week we announced our goal to reach Net Zero by 2040 across our value chain, and a new absolute greenhouse gas emissions reduction target to reduce emissions by 30% by 2030, in line with a 1.5˚C reduction pathway.”

Paul Simpson, CEO of CDP, said:

“We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.” The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever.

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F.

About Coca-Cola European Partners

Coca-Cola European Partners plc (CCEP) is a leading consumer goods company in Europe, selling, making and distributing an extensive range of non-alcoholic ready-to-drink beverages and is the world’s largest independent Coca-Cola bottler. Coca-Cola European Partners serves a consumer population of over 300 million across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden.

For more information about CCEP, please visit our website at www.cocacolaep.com and follow CCEP on Twitter at @CocaColaEP.

About CDP

CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the
hundreds of cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.

Source: Coca-Cola