Coca-Cola Europacific Partners (CCEP) has established a novel sustainability-linked finance scheme, designed to offer firms in the soft drinks bottler's supply chain discounted financing rates if they meet key environmental and social goals.
CCEP described the financial program, to be overseen by specialist food and agri-bank Rabobank, as one of the first of its kind in the global beverage industry.
Announced Wednesday, the scheme is designed to offer incentives and rewards for CCEP suppliers which deliver sustainability improvements in their business, with the financing linked to a number of key performance indicators that, if met, will unlock incremental discounts against the initial funding rate, CCEP explained.
CCEP said the initiative would support its 2040 net zero emissions target, which also includes a goal to reduce greenhouse gas emissions across its entire value chain by 30 percent by the end of the decade, against a 2019 baseline.
About the Author
EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
Follow on Linkedin
Visit Website
More Content by EcoVadis EN