Coca-Cola Europacific Partners (CCEP) is a leading beverage company that operates in the Carbonated Soft Drinks sector. The company is headquartered in the United Kingdom and has a strong presence in Europe, the Middle East, and Africa. CCEP is committed to sustainability and has set ambitious goals to reduce its carbon footprint and promote decarbonisation.
One of the key areas of focus for CCEP is corporate energy. The company recognizes that energy consumption is a major contributor to carbon emissions and has implemented various measures to reduce its energy consumption. CCEP has invested in energy-efficient technologies and processes, such as LED lighting and energy-efficient equipment, to reduce its energy consumption. The company has also implemented a range of energy management initiatives to optimize its energy use and reduce waste.
In addition to reducing its energy consumption, CCEP is also committed to sourcing renewable energy. The company has set a target to source 100% of its electricity from renewable sources by 2025. To achieve this goal, CCEP has implemented a range of renewable energy initiatives, including the installation of solar panels and wind turbines at its manufacturing sites. The company has also signed corporate power purchase agreements (PPAs) with renewable energy providers to ensure a reliable and sustainable supply of renewable energy.
Corporate PPAs are long-term contracts between a company and a renewable energy provider, which guarantee the supply of renewable energy at a fixed price. These agreements provide a stable and predictable source of renewable energy, which can help companies to reduce their carbon emissions and achieve their sustainability goals. CCEP has signed several corporate PPAs with renewable energy providers, including a 10-year agreement with a wind farm in Sweden and a 15-year agreement with a solar farm in Spain.
CCEP is also committed to promoting decarbonisation across its value chain. The company has set a target to reduce its carbon emissions by 30% by 2030, compared to its 2019 baseline. To achieve this goal, CCEP is implementing a range of decarbonisation initiatives, including the use of low-carbon materials in its packaging and the promotion of sustainable agriculture practices among its suppliers.
CCEP is also committed to promoting circularity and reducing waste across its value chain. The company has set a target to collect and recycle the equivalent of 100% of its packaging by 2025. To achieve this goal, CCEP has implemented a range of initiatives, including the use of recycled materials in its packaging and the promotion of recycling among its customers.
In addition to its sustainability initiatives, CCEP is also committed to promoting social responsibility and supporting local communities. The company has implemented a range of initiatives to promote diversity and inclusion, support local charities and community projects, and promote responsible marketing practices.
Overall, CCEP is a leading beverage company that is committed to sustainability and decarbonisation. The company has set ambitious goals to reduce its carbon footprint, promote renewable energy, and promote circularity and waste reduction. CCEP's commitment to sustainability is reflected in its corporate energy initiatives, corporate PPAs, and renewable energy sourcing. The company's focus on social responsibility and community support also demonstrates its commitment to promoting a sustainable and responsible business model.