EU CODE OF CONDUCT ON RESPONSIBLE FOOD BUSINESS AND MARKETING PRACTICES

Coca‑Cola in Europe, 28 April 2023

Meeting the 2030 SDG targets depends to a large extent on the transformation of food systems. That is why The Coca‑Cola Company and its leading bottling partners in Europe, Coca‑Cola Europacific Partners and Coca‑Cola Hellenic Bottling Company, support the EU Commission’s Farm-to-Fork Strategy objective to accelerate the transition to sustainable food systems. Our ambition is to ensure that for our consumers the healthier and more sustainable choice becomes the easy choice.

Health & Nutrition

Code aspirational objective: Aspirational Objective 1

Individual commitments with baseline

• Signatory of UNESDA’s commitment to reducing average added sugars in soft drinks by another 10% by 2025 vs 2019 in the EU-27+UK.
• Signatory of UNESDA’s commitment not to sell soft drinks in primary schools and only sell no/low calorie soft drinks in secondary schools in unbranded vending machines across the EU.
• Signatories of the enhanced responsible marketing commitments from the EU Pledge and UNESDA to not market any of our beverages to children younger than 13 years with an audience threshold of 30%.

Progress on KPIs and goals (qualitative and/or quantitative)

• Reporting through UNESDA
• Reporting through UNESDA
• Reporting through EU Pledge & UNESDA

Climate

Code aspirational objective: Aspirational Objective 3

Individual commitments with baseline
In 2021, Coca‑Cola Europacific Partners and Coca‑Cola HBC set Net Zero 2040 goals, including interim science-based targets for 2030. This will result in a reduction of 2.5 million tons CO2 equivalent annually in Europe by 2030 compared to 2015 – a reduction of 30% – including all Scope 1, 2 and 3 emissions.

Individual commitments with baseline

CCEP 2022 progress

• 11.4% absolute reduction in total value chain GHG emissions in Europe since 2019.
• 99.5% of electricity used in Europe was from renewable sources in 2022.

Coca‑Cola HBC 2022 progress

• Reduced absolute emissions from direct operations and production by 21% and total value chain emissions by 15% against 2017 baseline.
• Increased the use of renewable and clean electricity in operations in the EU and Switzerland to 99.2% in 2022.

Additional information
Coca‑Cola Europacific Partners Integrated Report 2022
Coca‑Cola HBC 2022 Integrated Annual Report

Packaging

Code aspirational objective: Aspirational Objective 4

Individual commitments with baseline
Signed up to UNESDA’s circular beverage packaging vision; The Coca‑Cola Company will reduce its use of virgin plastic derived from non-renewable sources by a cumulative 3 million metric tons over the next five years globally.

Progress on KPIs and goals (qualitative and/or quantitative)
Reporting through UNESDA

Additional information
The Coca‑Cola Company Business & Sustainability Report

Water

Code aspirational objective : Aspirational Objective 4.3

Individual commitments with baseline
The Coca‑Cola Company has set a global strategy to increase water security for its business, communities, and nature.

Progress on KPIs and goals (qualitative and/or quantitative)
159% of the water used in our finished beverages returned to nature and communities in 2022.

Additional information
The Coca‑Cola Company 2022 Business & Sustainability Report

Sustainable Agriculture

Code aspirational objective: Aspirational Objective 6

Individual commitments with baseline
Committed to uphold our global Principles for Sustainable Agriculture.

Additional information
The Coca‑Cola Company 2022 Business & Sustainability Report