As of 2023, Coca-Cola has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Coca-Cola's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -30%a | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Business Travel (Cat. 6), Scope 3 - Processing of Sold Products (Cat. 10) | Metric Tonnes of CO2 equivalent (mtCO2e) | -25%b, c | 2030 |
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As of 2023, Coca-Cola has set greenhouse gas (GHG) emissions reduction targets that cover only its total carbon footprint, without separate targets for operational (Scope 1 and 2) or value chain (Scope 3) emissions. This limits the ability to track progress across distinct emissions categories.abc
As of 2023, Coca-Cola has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.abc
Coca-Cola's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 69,878,837 Metric Tonnes of CO2 equivalent (mtCO2e) in 2015, by 25% by 2030.abc
As of 2023, Coca-Cola is lagging behind on its total carbon footprint reduction target, having achieved 32% of the planned reduction.abc