Post by account_disabled on Feb 20, 2024 14:58:53 GMT 9.5
Coca-Cola European Partners (CCEP) is one of the companies that is among the cohort of We Mean Business Coalition members that first committed to aligning with the Paris Agreement's 1.5C pathway at COP25 in Madrid last winter. According to the IPCC, global net emissions must be halved by 2030 and reach zero by 2050 if we are to have the best chance of limiting global temperature rise. According to edie , the new CCEP commitments cover emissions from Scope 1 (direct), Scope 2 (energy-related), and Scope 3 (indirect) sources. The company's main emission sources, apart from operations, are ingredients, packaging, transportation and refrigeration. Science-based goals and transition to 100% renewable electricity Since the majority of the company's Scope 3 emissions are in the supply chain, the company aims to help all of its strategic suppliers set science-based targets and transition to 100% renewable electricity. Regarding emissions related to ingredients and packaging, the company will accelerate plans for sustainable agriculture and 100% recycled plastics. Some life cycle analyzes have found that soft drink bottles made from 100% post-consumer recycled plastic generate 40% less CO2e than virgin plastic bottles. CCEP has allocated €250 million, to be spent over a three-year period, to develop its immediate action plan to meet its new climate goals. The money will be used to support suppliers, improve efficiency and accelerate R&D around packaging materials.
The company is prioritizing reductions over offsets and has had its targets approved by the Science-Based Targets Initiative (SBTi). However, it will invest in some verified carbon credits “where essential”, prioritizing nature-based carbon removal. CCEP said in a statement that it is ready to go further and faster after reducing value chain emissions by 30.5% since 2010. Its new targets are all set for 2019 and the company will develop new targets and provisional projects in the coming years. We have a responsibility to the communities we serve to continue taking this Europe Cell Phone Number List action on climate. We know it will be a long and challenging journey – there are no quick fixes or silver bullets – but we are determined to drive this change as quickly as possible and play our part in helping and influencing others. We have made significant progress so far, and looking forward, we will continue to help lead the transition to a low-carbon future by putting environmental impact at the center of our decision-making. Damian Gammell, executive director of CCEP. net-zero movement As of September, about 1,540 companies around the world had set some kind of net zero goal, up from 500 in December 2019. That's according to research from Data-Driven EnviroLab and the NewClimate Institute.
Since then, companies such as Uber, Japan Tobacco International, Diageo, Vodafone, KPMG and Tesco have made new “net-zero” announcements. But for all the welcome noise about climate leadership in the private sector, there are concerns about how many net-zero targets will be met. A recent survey by South Pole of 120 sustainability professionals across companies revealed that only one in ten companies with a net-zero vision have an approved science-based goals framework to support it.According to Sweatman, GreenCollar requires farmers to record information throughout the property so auditors know what is happening throughout the farm. GreenCollar is working with 50 farmers and hopes to increase that number to 180 in the next three years. This is the first credit system created specifically to protect a UNESCO World Heritage site , and understanding how agricultural practices can affect reef health is not always simple. Coral. Wow! HSBC invests in the world's first credit system in favor of reefs HSBC, the first cooperation incorporated into GreenCollar The first corporation that GreenCollar brought in as a buyer was HSBC. The financial services firm recently completed the purchase of the first tranche of reef credits and plans to continue purchasing them as part of its net zero commitment. HSBC aims for zero in operations and supply chain by 2030; is also looking to align its investment portfolio with the Paris Agreement goal of achieving net-zero emissions by 2050. According to Greencollar, an investment of A$4 billion is required to meet water quality targets for the Great Barrier Reef.