Tag: Coca-Cola Europacific Partners

Coca-Cola Europacific Partners’ net-zero target approved by the Science Based Targets initiative

Stuart Mitchell

Coca-Cola Europacific Partners’ (CCEP) ambitious target to reach net zero by 2040 has been validated by the Science Based Targets initiative (SBTi) as in line with climate science  CCEP’s updated science-based targets include a short-term target to reduce absolute scope 1, 2, and 3 GHG emissions 30% by 2030 (vs. 2019), and a long-term target to reduce its absolute scope 1, 2, and 3 GHG emissions 90% by 2040 (vs. 2019).   To achieve these targets, CCEP will continue its work to build carbon reduction roadmaps across all  its markets, and…

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Coca-Cola Europacific Partners announces second partnership to explore CO₂ upcycling technology

Stuart Mitchell

Coca-Cola Europacific Partners (CCEP) has recently announced an investment into cutting-edge carbon conversion research, with the potential to create more sustainable packaging materials.    Set to be carried out by researchers at Swansea University, the project will explore a new way of manufacturing ethylene – one of the key components in plastic, such as the HDPE used to make plastic bottle caps. The research aims to develop technology capable of using CO₂ captured from the atmosphere as an alternative to fossil fuels used during the ethylene production process, offering a…

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Coca-Cola Europacific Partners and University of California Berkeley, to develop technology converting air to sugar

Stuart Mitchell

Coca-Cola Europacific Partners (CCEP), the world’s largest Coca-Cola bottler, has announced a collaboration, through its innovation investment platform CCEP Ventures, with the University of California, Berkeley (UCB) to develop scalable methods of converting captured CO2 into sugar. CCEP Ventures’ initial investment with UCB will support the Peidong Yang Research Group on foundational research which will focus on enabling the production of sugar from CO₂ on site and at an industrial level, with expectation of future investments to drive scale – from lab to pilot phase. This investment demonstrates the role…

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Coca-Cola Europacific Partners establishes sustainability-linked Supply Chain Finance Programme with Rabobank

Stuart Mitchell

Coca-Cola Europacific Partners (CCEP) has established a new sustainability-linked supply chain finance programme, structured and operated by specialist food and agri bank Rabobank[1]. Rabobank will provide funding to the programme with other banks expected to participate and grow the facility over time[2]. The programme, one of the first of its kind in the global beverage industry, incentivises and rewards suppliers to make sustainability improvements in their businesses. It will provide competitive financing that is linked to a number of sustainability-driven KPIs for suppliers that, when met, unlock incremental discounts against…

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Coca-Cola Europacific Partners establishes sustainability-linked Supply Chain Finance Programme with Rabobank

Stuart Mitchell

Coca-Cola Europacific Partners (CCEP) has established a new sustainability-linked supply chain finance programme, structured and operated by specialist food and agri bank Rabobank[1]. Rabobank will provide funding to the programme with other banks expected to participate and grow the facility over time[2]. The programme, one of the first of its kind in the global beverage industry, incentivises and rewards suppliers to make sustainability improvements in their businesses. It will provide competitive financing that is linked to a number of sustainability-driven KPIs for suppliers that, when met, unlock incremental discounts against…

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