Coca-Cola Europacific Partners plc (CCEP) — ESG & Values Scores

Environment story

CCEP demonstrates measurable progress on emissions reduction (18.9% absolute GHG reduction vs. 2019 baseline) and has secured a 10th consecutive CDP A-List climate rating. The company's Net-Zero 2040 target aligns with climate science; however, Scope 3 emissions (supply-chain and product-use) remain a material disclosure gap, with limited transparency on rising emissions vectors (e.g., energy-intensive sports/coffee categories, ingredient sourcing). Water replenishment at high-risk locations (56% achieved) and recycled-content packaging (45.9% rPET) show localized commitment but fall short of aspirational circular-economy rhetoric. Greenwashing risk: the company publicizes 75.7% primary-packaging collection targets but acknowledges systemic collection-rate challenges, particularly in Asia-Pacific markets. No evidence of material litigation or toxic-waste controversies in filed documents.

Criticisms on file

Scope 3 Emissions Disclosure Gap: Product-use emissions rising in energy and sports categories without granular public breakdown; methodology for FLAG scope under pending SBTi validation
Source: CCEP 2025 Annual Report, pages 26, 253–276 (Sustainability Statement); updated targets awaiting SBTi validation
Packaging Collection Rate Mismatch: CCEP publicizes 75.7% primary-packaging collection but acknowledges systemic collection and recycling challenges, especially in Asia-Pacific; recycled-content PET target (30% by 2030) reflects 'significant change' and high-cost challenges
Source: CCEP 2025 Annual Report, pages 26, 253–259 (methodology notes on updated collection target)
Water Replenishment at HRLs: 56.0% achieved against long-term 100% target; only 18 of CCEP's 85 production facilities classified as high-risk locations, limiting aggregate impact
Source: CCEP 2025 Annual Report, page 3 (performance indicators) and page 26 (water targets)

Disclosed initiatives

This is Forward Sustainability Action Plan Update

Updated sustainability roadmap to include Philippines market and Forest, Land and Agriculture (FLAG) emissions scope. Targets include 30% absolute GHG reduction by 2030 vs. 2019, net-zero by 2040. Strengthened governance and enhanced accountability mechanisms.

Structured 2030 roadmaps for climate, water, packaging, and communities; improved operational alignment across larger footprint
Science-Based Targets Initiative (SBTi) Alignment

CCEP's existing SBTi-approved short- and long-term targets updated to include Philippines and FLAG scope; awaiting formal SBTi validation. Demonstrates alignment with Paris Climate Agreement goals.

Credible third-party validation framework; 10th consecutive CDP A-List inclusion
Renewable Electricity Transition

84.1% of electricity consumption from renewable sources as of 2025; continued procurement of renewable power across 31 markets

Significant Scope 2 emissions reduction; reduces operational carbon intensity per unit produced
Water Replenishment Projects

23.6 million m³ of water returned to nature via 63 water replenishment projects in collaboration with TCCC and The Coca-Cola Foundation. High-risk-location (HRL) target: 85% water return by 2030, 100% by 2035.

Localized water-security improvements; supports biodiversity in stressed watersheds
CCEP Ventures Climate Innovation

Investment in emerging technologies including direct air capture at production facilities and AI-based carbon-footprint reduction for ingredient sourcing

Positioning for long-term decarbonization beyond operational efficiency; early-stage innovation pipeline

Social story

CCEP reports 41.2% women in management positions and demonstrates structured inclusion initiatives (Gender diversity target: 45% by 2030; disability representation target: 10% by 2030; current disability self-identification: 10.4%). CEO-to-median-worker pay ratio not disclosed, preventing precise 200:1 threshold assessment. No documented union-suppression activities or major strikes in the last 24 months; company engages constructively with European Works Council and national trade unions. Modern Slavery Statement and updated Human Rights Policy (Feb. 2025) signal governance maturity. Supply-chain ethics audits mentioned but lack granular disclosure on high-risk geographies (DRC, cobalt-mining exposure). Safety performance exceeded target: Total incident rate 0.77 per 100 FTE (2025 target: <1.0). Top Employers Institute accreditation achieved across multiple markets. Labor disputes and formal NLRB/equivalent complaints not disclosed.

Criticisms on file

CEO-to-Median-Worker Pay Ratio Undisclosed: Cannot verify whether ratio exceeds 200:1 threshold; no public disclosure of CEO compensation relative to workforce median
Source: CCEP 2025 Annual Report does not contain explicit CEO-to-worker pay ratio; typical UK-listed companies disclose under TCFD/ESRS
Supply-Chain Human-Rights Audit Granularity: Modern Slavery Statement and Human Rights Policy mention audits and supplier compliance but lack detailed disclosure of high-risk geographies (e.g., DRC cobalt mining, lithium, agricultural supply chains)
Source: CCEP 2025 Annual Report, pages 19–20 (Human Rights Policy and Supplier Guiding Principles references); full Modern Slavery Statement on website (not provided in document)
GIRA Programmes Scale: GIRA Jóvenes (700 participants, 13th edition) and GIRA Mujeres (800 participants, 9th edition) are localized to Spain; limited geographic breadth of community-impact initiatives relative to 31-market footprint
Source: CCEP 2025 Annual Report, pages 4–5 (Chairman's Letter), page 27 (Communities strategy)

Disclosed initiatives

Great People Manager Programme

Award-winning leadership development programme; nearly 50% of managers globally have participated. Extended Accelerate Performance 2030 learning programme to 2,800 additional leaders in 2025.

Improved management capability, reduced turnover risk, enhanced leadership pipeline
Skills for Impact Programme

146,100 people supported with skills development opportunities since base year 2023, including employability improvement, SME entrepreneurship, and community-based training. Target: 500,000 by 2030.

Positive socioeconomic impact on workforce and local communities; supports economic mobility
Enhanced Employee Assistance Programme

24/7 mental-health and wellbeing support expanded to all 31 countries in 2025

Improved employee retention, reduced absenteeism, stronger mental-health culture
Inclusion and Workplace Accessibility

Workplace accessibility improvements at 10+ production facilities; employee inclusion survey score 77; disability self-identification program (current 10.4%); Global Workplace Adjustments Guidance implemented

Enhanced inclusive culture; progress toward 10% disability-representation target by 2030
Gender Diversity Targets

Ambition: 45% of leadership positions held by women by 2030 (current 41.2%). Women representation on Board 29.4% (5 of 17 Directors)

Improved gender balance in technical and executive leadership; aligned with best-practice benchmarks

Governance story

CCEP operates a single-class share structure (no dual-class voting risk) with a Board comprising 17 members, 5 of whom are women (29.4%). Board independence percentage not explicitly quantified in the filing, but NED-heavy composition and independent committee structure (Audit, Remuneration, Nomination & Governance) suggest >75% threshold likely met. No material antitrust, consumer-safety, or financial-fraud SEC consent decrees disclosed. Lobbying expenditure not quantified; no explicit evidence of active climate-deregulation or consumer-protection rollback lobbying. The company discloses engagement with government on tax regulation and consultation processes but does not detail industry-association climate misalignment. No active shareholder litigation or climate-proposal blocking reported. Corporate governance framework includes Code of Conduct, Chart of Authority, and formal risk-management (COSO-aligned) governance. Directors appointed with stakeholder input but retain fiduciary duty to all shareholders. Compliance and Risk Committee (ELT-level) oversees governance and ESG risk management.

Criticisms on file

Board Independence Percentage Undisclosed: Filing does not explicitly state board independence percentage; inference from NED presence and committee composition required
Source: CCEP 2025 Annual Report (Governance and Directors' Report section) does not quantify independence percentage
Lobbying Expenditure Undisclosed: Annual lobbying spend not quantified; company discloses engagement with governments on tax regulation and consultation but does not transparently report lobbying expenditure or climate-deregulation lobbying activity
Source: CCEP 2025 Annual Report; lobbying spend and trade-association positions not disclosed in Principal Risks or Governance sections
Trade Association Climate Alignment: Company does not disclose whether trade associations (e.g., beverage industry groups, FMCG associations) hold climate positions misaligned with CCEP's net-zero 2040 commitment
Source: CCEP 2025 Annual Report does not detail trade-association climate positions or misalignment risks

Disclosed initiatives

Enterprise Risk Management (COSO-Aligned) Framework

Formalized ERM governance integrating strategy, objective-setting, performance monitoring, and communication. Board and Audit Committee provide oversight; Compliance and Risk Committee (ELT-level) escalates material risks. One Risk Office convenes first-, second-, and third-line representatives; horizon scanning for emerging risks (geopolitical, AI, climate).

Proactive risk identification and mitigation; transparent escalation to Board and shareholders
Code of Conduct and Chart of Authority

Establishes accountability framework for decision-making, ethical conduct, and compliance. Regular training and adherence monitoring across 39,000-person workforce.

Embedded ethical culture; reduces regulatory and reputational risk
Modern Slavery and Human Rights Governance

Updated Human Rights Policy approved by Board Feb. 2025; Supplier Guiding Principles and Principles for Sustainable Agriculture set supplier requirements. Modern Slavery Statement (UK Modern Slavery Act 2015, Australian Modern Slavery Act 2018 compliant).

Formal human-rights due diligence across value chain; transparent reporting on modern-slavery risks
Board Stakeholder Engagement and Section 172 Compliance

Board conducts regular direct engagement with shareholders, employees, customers, and communities. Section 172(1) statement demonstrates consideration of long-term success, stakeholder interests, and community/environmental impacts. Shareholder engagement on remuneration policy and capital allocation decisions.

Strengthened Board oversight of strategic decisions; alignment with shareholder expectations
ESG Governance Integration

ESG risk management integrated into ERM framework; sustainability action plan (This is Forward) monitored by Board; Sustainability Statement and TCFD/ESRS reporting demonstrate formal climate and social governance

Systematic integration of ESG considerations into Board strategy and risk oversight

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Coca-Cola Europacific Partners plc. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Coca-Cola Europacific Partners plc in the app for interactive charts and portfolio building.

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