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CCEP partners with Rabobank to incentivise sustainability in supply chain

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Coca-Cola Europacific Partners has launched a supply chain sustainability programme in partnership with Rabobank. With more than 90% of the company’s emissions coming from the supply chain, the programme would incentivise and reward suppliers for ESG performance. Rabobank would be the primary financier and the funding is expected to reach $610m with other banks joining in. Through this, CCEP would reach net zero in 2040, with a 30% reduction by 2030. The company is dependent on 25,000 suppliers for sugar cane, sugar beet, coffee, tea, aluminium, paper, etc. It is also the largest Coca-Cola bottler, with consumers across 29 countries. So the deal could have a huge impact. The suppliers would be rated using business sustainability rating provider EcoVadis. The programme would initially start in Germany and then expand to other CCEP territories. The brand is also set to collaborate with the Rabo Foundation to support its farmers’ programme in Indonesia.

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