GlobalData offers a comprehensive analysis of Coca-Cola, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Coca-Cola’s ESG performance. GlobalData’s company profile on Coca-Cola offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Coca-Cola aims to achieve net zero emissions by 2050 and reduce its absolute emissions by 25% by 2030 against a 2015 baseline. In 2022, the company reported scope 1 emissions at 4.4 million metric tons, scope 2 emissions at 3.5 million metric tons, and scope 3 emissions at 57.0 million metric tons. The company has also invested in energy efficiency through new equipment and processes, such as HFC-free equipment, and reducing the environmental footprint of buildings and facilities across their life-cycles. Coca-Cola's latest filings mentioned the keywords 'Emissions' and 'Recycling' most number of times in relation to 'Net Zero'.
Coca-Cola has implemented policies and procedures in its agricultural supply chain to have a net-positive impact in an attempt to mitigate the impacts of climate change. The company has sustainably sourced 61% of its key agricultural ingredients, including coffee, soybeans, and tea.
Coca-Cola aims to drive a circular economy for its packaging because this helps to reduce waste and carbon emissions. In 2022, the company collected 61% of the equivalent bottles and cans that it introduced into the market and used 15% rPET in its bottles. As of 2022, Coca-Cola have reduced its emissions by 7% against 2015 baseline.
In conclusion, Coca-Cola's sustainability priorities reflect the company's commitment to reducing its environmental impact and promoting social responsibility. The company's net-zero targets and emission reduction plans demonstrate its dedication to mitigating climate change. The company's investments in energy efficiency and sustainable agriculture practices further support its sustainability goals.