Coca-Cola bottler and Rabobank partner on sustainability-linked finance plan for suppliers

September 5, 2022 EcoVadis EN


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.


Read the full article at: www.greenbiz.com

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