The leading independent bottler of the American soda brand, Coca-Cola Europacific Partners, has launched a financing program that will allow its partners to benefit from preferential interest rates if their loans contribute to reducing their carbon footprint.
Green financing is set to emerge among Coca-Cola Europacific Partners (CCEP) suppliers. Indeed, the first independent bottler of the American soda brand a launched a financing program with the Dutch bank Rabobank.
Supply chain emissions estimated at 90%
An initiative that will allow its partners to benefit from rates preferential interest rates if their loans contribute to reducing their carbon footprint and are in line with the CCEP objectives (30% reduction in greenhouse gases over the period 2019/2030 and total carbon neutrality in 2040).
The performance of suppliers will be assessed on the basis of various parameters and certified by the EcoVadis rating agency. The programme, which is funded by €600 million, was launched in Germany, but will be rolled out to the rest of Europe, as well as Australia and New Zealand.
The bottler highlights that more than 90% of its greenhouse gas emissions are linked to its supply chain in its press release.
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