Post by account_disabled on Feb 24, 2024 23:33:19 GMT -5
In a move to accelerate meeting climate goals, The Coca-Cola Company 's largest European bottler has announced a new financing program linked to supplier sustainability, which aims to encourage them to improve their approaches and move towards net zero by 2040, according to Edie .
With increasing efforts for large retail companies to work on evaluating their value chain and demanding sustainable standards, Coca-Cola Europacific Partners (CCEP) is betting on alliances to move towards a more environmentally friendly operation. But what exactly is the initiative about?
Financing linked to supplier sustainability
Being sustainable means having a responsibility to new generations, promoting healthy social relationships and avoiding depleting resources that have taken centuries to form. Therefore, a business strategy of this type addresses the needs of the environmental, social and financial systems in which a company operates, in order to allow them to exist indefinitely.
Within corporate responsibility, understood Cell Phone Number List as the guide for companies to operate in a socially responsible manner, doing business with a focus on sustainability has become the new standard. Given this, the announcement of financing linked to sustainability seeks to accelerate this step in the European market where CCEP operates.
The initiative plans to reward suppliers who make improvements in sustainability and will have key indicators (KPIs) linked to this that, if met, will generate discounts against the initial financing rate.
Decarbonize the business
According to CCEP vice president of purchasing, Ralf Peters, financing linked to supplier sustainability aims to eliminate or reduce polluting emissions, aligned with the company's own sustainable goal.
We know how crucial it is that we work together with our suppliers to decarbonize our businesses, and we are committed to providing the support and solutions they need to help them reduce emissions, aligned with our own sustainability goal.”
Ralf Peters, vice president of purchasing at CCEP.
Therefore, it has been announced that the next step will be to support the supply chain , that is, in all the processes involved that occur in a company, ranging from unprocessed raw materials to the finished products that reach the final consumer. . The above will help take collective measures, implementing positive transformations and driving continuous improvements around sustainability.
financing linked to supplier sustainability
Financing commitments linked to supplier sustainability
CCEP's net zero commitments cover pollutants from sources of:
Scope 1, direct emissions produced by burning fuel by the emitter.
Scope 2, greenhouse gas (GHG) emissions released into the atmosphere from the consumption of purchased electricity, steam, heat and cooling.
Scope 3, those that come from a company's value chain and are not under its control, this is where the suppliers are located.
The company's main sources of emissions, in addition to operations, are ingredients, packaging, transportation and refrigeration. Since the majority of Scope 3 emissions are found in the supply chain, supply chain decarbonization involves additional complexities such as transparent practices, working collaboratively with supply networks, and long-term intrinsic effort.
Because of this, through sustainability-linked funding from strategic providers, setting climate science-based targets (SBTs), we will seek to address this challenge.
With increasing efforts for large retail companies to work on evaluating their value chain and demanding sustainable standards, Coca-Cola Europacific Partners (CCEP) is betting on alliances to move towards a more environmentally friendly operation. But what exactly is the initiative about?
Financing linked to supplier sustainability
Being sustainable means having a responsibility to new generations, promoting healthy social relationships and avoiding depleting resources that have taken centuries to form. Therefore, a business strategy of this type addresses the needs of the environmental, social and financial systems in which a company operates, in order to allow them to exist indefinitely.
Within corporate responsibility, understood Cell Phone Number List as the guide for companies to operate in a socially responsible manner, doing business with a focus on sustainability has become the new standard. Given this, the announcement of financing linked to sustainability seeks to accelerate this step in the European market where CCEP operates.
The initiative plans to reward suppliers who make improvements in sustainability and will have key indicators (KPIs) linked to this that, if met, will generate discounts against the initial financing rate.
Decarbonize the business
According to CCEP vice president of purchasing, Ralf Peters, financing linked to supplier sustainability aims to eliminate or reduce polluting emissions, aligned with the company's own sustainable goal.
We know how crucial it is that we work together with our suppliers to decarbonize our businesses, and we are committed to providing the support and solutions they need to help them reduce emissions, aligned with our own sustainability goal.”
Ralf Peters, vice president of purchasing at CCEP.
Therefore, it has been announced that the next step will be to support the supply chain , that is, in all the processes involved that occur in a company, ranging from unprocessed raw materials to the finished products that reach the final consumer. . The above will help take collective measures, implementing positive transformations and driving continuous improvements around sustainability.
financing linked to supplier sustainability
Financing commitments linked to supplier sustainability
CCEP's net zero commitments cover pollutants from sources of:
Scope 1, direct emissions produced by burning fuel by the emitter.
Scope 2, greenhouse gas (GHG) emissions released into the atmosphere from the consumption of purchased electricity, steam, heat and cooling.
Scope 3, those that come from a company's value chain and are not under its control, this is where the suppliers are located.
The company's main sources of emissions, in addition to operations, are ingredients, packaging, transportation and refrigeration. Since the majority of Scope 3 emissions are found in the supply chain, supply chain decarbonization involves additional complexities such as transparent practices, working collaboratively with supply networks, and long-term intrinsic effort.
Because of this, through sustainability-linked funding from strategic providers, setting climate science-based targets (SBTs), we will seek to address this challenge.