Coca-Cola HBC named Europe’s most sustainable beverage company

Zoran Bogdanovic

Coca-Cola bottler Coca-Cola HBC is Europe’s most sustainable beverage company according to the 2019 Dow Jones Sustainability Index (DJSI). The ranking marks the sixth time in seven years that the company has been awarded the top spot in the index.

The DJSI recognised that Coca-Cola HBC had reduced its carbon emissions by 25 per cent (compared with 2010) two years ahead of its 2020 target date, reduced the amount of water used in production by 22 per cent in its manufacturing plants (again compared to 2010) and recovered the equivalent of 45 per cent of the total primary packaging it placed in the market for recycling.

Coca-Cola HBC was given maximum scores in 11 categories and was also recognised for positive improvements in nine other categories. This gave the company an overall score of 90, placing it second in the global ranking.

“We are honoured and proud that the commitment of our employees and partners to sustainable practices has again resulted in this recognition,” said Zoran Bogdanovic, chief executive of Coca-Cola HBC. “We are well aware though that this is just a snapshot. In reality, the work never stops and there is always more to be done. That’s why we put so much focus on the consistent, long-term delivery of our sustainability goals.”

Meanwhile, Coca-Cola European Partners (CCEP) has also been listed on the DJSI. “It’s a huge achievement to be listed on the DJSI for a fourth consecutive year,” said Damian Gammell, chief executive of CCEP.

Like Bogdanovic, Gammell is not content for CCEP to sit on its sustainability laurels. “We know there is much more that we can do and that we can’t make progress on critical issues like climate change and packaging by working alone.”

The DJSI tracks the financial performance of leading sustainability-driven companies. In total, more than 3,500 companies were evaluated for inclusion. It is based on an analysis of financially material economic, environmental and social factors and is reviewed annually by the S&P Dow Jones Index Committee and RobecoSAM, a specialist sustainability investment company.