In 2024, Coca-Cola HBC completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Coca-Cola HBC has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 342,742a | 268,849b | 304,198b | |
Total Scope 2 | ||||
Market-Based | 111,670a | 157,165b | 267,912b | |
Location-Based | 342,047a | 381,892b | 384,628b | |
Total Scope 3 | 4,135,467a | 4,256,543b | 3,679,348c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 30.6261a | 23.8514b | 35.8442b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Coca-Cola HBC amounted to 684,789 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Coca-Cola HBC increased by 5.23%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Coca-Cola HBC were 342,742 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Coca-Cola HBC's Scope 1 emissions have increased by 37.72%, reflecting a rising long-term trend in Scope 1 emissions over time.ae
Compared to the previous year (2023), Coca-Cola HBC's Scope 1 emissions increased by 27.48%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Coca-Cola HBC reported Scope 2 greenhouse gas (GHG) emissions of 111,670 tCO₂e using the market-based method and 342,047 tCO₂e using the location-based method.a
Since 2019, Coca-Cola HBC's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Coca-Cola HBC's emissions have plateaued with no significant change in its energy consumption footprint.ae
Compared to the previous year (2023), Coca-Cola HBC's Scope 2 emissions (Location-Based) fell by 10.43% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Coca-Cola HBC reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Coca-Cola HBC reported 4,135,467 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Coca-Cola HBC includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Coca-Cola HBC reported total Scope 3 emissions of 4,135,467 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 78.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 21.99% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Coca-Cola HBC's Scope 3 emissionshave remained relatively stable, indicating that Coca-Cola HBC's emissions have plateaued with no significant change in its value chain footprint.ad
Compared to the previous year (2023), Coca-Cola HBC's Scope 3 emissions remained relatively stable, indicating that Coca-Cola HBC's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Coca-Cola HBC reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Coca-Cola HBC's Scope 3 emissions were:a
In 2024, Coca-Cola HBC reported Scope 1 greenhouse gas (GHG) emissions of 342,742 tCO₂e and total revenues of USD 11,191 millions. This translates into an emissions intensity of 30.63 tCO₂e per millions USD.a
In 2024, Coca-Cola HBC reported a Scope 1 emissions intensity of 30.63 tCO₂e per millions USD. Compared to the peer group median of 28.13, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Coca-Cola HBC ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Coca-Cola HBC is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Coca-Cola HBC reported a total carbon footprint of 4,820,256 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.77% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Coca-Cola HBC's total carbon footprint was Scope 3 emissions, accounting for 85.79% of the company's total carbon footprint, followed by Scope 1 emissions at 7.11%.a