RTTNews | Oct 12, 2021 05:40AM EDT

05:40 Tuesday, October 12, 2021 (RTTNews.com) - Coca-Cola HBC (CCH) said that it has committed to achieve net zero emissions across its entire value chain by 2040. The company will strive to cut the product carbon footprint of beverage cans in half by 2030.

By 2030, the company will reduce its value chain emissions in scopes 1,2 and 3 by 25%, with a further 50% reduction in the following decade. To address the 90% of emissions in scope 3 resulting from third party actions, CCH will broaden its existing partnership approach with suppliers. Wherever emissions cannot be eliminated entirely, the business will mitigate these by investing in other climate protection measures, Coca-Cola HBC said in a statement.

The company noted that, to achieve its goal, it will invest 250 million euros in emissions reduction initiatives by 2025. It will decarbonise further direct operations by switching to 100% renewable electricity and low carbon energy sources through continuous improvements and innovations in energy efficiency.

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