Actions to address climate change

Donation of 1 million Euros for the fire-stricken areas in Attica and the commitment to zero carbon emissions by 2040 to address climate change

There is no greater threat to our collective future than climate crisis. We have seen this too clearly and painfully by the devastating fires in our country this summer. Coca-Cola Tria Epsilon dynamically elaborates its presence in Greece, consistent with its commitment to contribute to climate change mitigation. 

Donation of 1 million Euros for the restoration of fire-stricken areas in Attica

Coca-Cola Tria Epsilon as a Rehabilitation and Reforestation Contractor undertakes the restoration of the areas in North Attica, and especially Varibobi, by a donation of 1 million Euros.

In the context of the contractorship -following the immediate support the company provided in the summer to those affected- the company will undertake the construction of emergency anti-erosion and flood prevention projects in burnt land, allowing their flood protection and restoration.

Those projects are of great importance, since they mitigate the flood events in the area by eliminating the soil erosion mechanisms. Additionally, they allow for natural regeneration to take place, as well as the reforestation of the area.

The donation is associated with the broader company strategy aiming to address climate change and with the commitment to zero carbon emissions by 2040, in order to avoid such damages in the future. 

Watch the statement of Mrs M. Anargyrou Nikolic, General Manager of Coca-Cola Tria Epsilon for Greece and Cyprus

Commitment to zero carbon emissions by 2040

Coca-Cola HBC Group has announced its commitment to reach a net-zero carbon emissions across the whole of its value chain by 2040.

In the context of an existing, approved, science based goal, Coca-Cola HBC Group, that has been identified as the world’s most sustainable beverage company by the Dow Jones Sustainability Index for the 5th time in the last 7 years, will reduce by 2030 all emissions from its business (direct and indirect) by 25% compared to 2017, and then, by more than 50% within the next ten years. In the context of the management of the 90% of indirect emissions that result from third party actions in the broader chain, the Group will broaden the existing partnership approach with suppliers. In cases when emissions cannot be totally eliminated, the Group will balance them by investing in other climate protection measures.

More specifically, to achieve its goal, Coca-Cola HBC Group intends to:

• Invest 250 million Euros for emissions reduction initiatives by 2025
• Decarbonise its direct business regarding CO2 emissions, by switching to 100% renewable electricity energy sources and low carbon energy emissions through continuous improvements and innovations in energy efficiency. In Greece already, the electricity energy supply of Coca-Cola Tria Epsilon factories comes from 100% renewable energy sources, while 62,3% of total energy comes from renewable and clean energy sources.
• Accelerate its course towards a circular packaging approach with lower carbon emissions, by increasing the use of rPET, adopting options without packaging or with refillable bottles, as well as dispensing with plastics in secondary packaging. In Greece, as early as 2018 Coca-Cola Tria Epsilon places on the market soft drinks with 20% rPET.  With the total reduction of packaging materials used as being of key importance for Coca-Cola Tria Epsilon, the company invested €4 million in 2021 to dispense with plastic membrane in aluminum multipackaging by introducing a new type of packaging called KeelClip™, an initiative that is implemented for the first time in the non-alcoholic beverages sector, as well as in our country in total, which equals to a reduction of about 287 tones of plastic annually.
• Provide energy-efficient and eco-friendly coolers. In the Greek market, 45,7% of its coolers are already energy-efficient.
• Reduce its emissions from ingredients of agricultural origin .
• Implement the “Green Fleet” program for the transition to low- and zero-carbon emissions alternatives, an action that is already implemented in Greece by replacing the vehicle fleet with low CO2 emission vehicles, such as hybrid and electric vehicles.

In addition to the above, Coca-Cola HBC Group has introduced the reduction of CO₂ emissions as one of the elements in the long-term incentive program for its executives.