Coca-Cola Europacific Partners (CCEP) has partnered with Risilience, the leading climate-analytics company, to support its ambition to reach net zero by 2040, and reduce greenhouse-gas (GHG) emissions across its value chain by 30 per cent by 2030 – versus 2019.
As part of CCEP’s broader climate strategy, the partnership will enable the leading consumer goods company to further understand climate-related risks, the impact of those risks on the business and support its TCFD disclosure.
The partnership will see CCEP use the Risilience SaaS platform to identify and understand short-term transition risks; including legislation change and consumer sentiment, and long-term physical risks – aligning this output with its wider enterprise commitments.
CCEP will use methodology and scenarios from Risilience’s academic partner, the Centre for Risk Studies at the University of Cambridge Judge Business School, to ensure that climate risk and opportunity assessment fits into the corporate ERM framework – a key requirement of the TCFD.
Joerg Osterloh, Head of Enterprise Risk Management, CCEP, said: ‘We have made important progress towards our net zero ambition, already reducing greenhouse-gas emissions by 30 per cent since 2010.
‘Working with Risilience and leveraging the models generated by the platform is a big step forward in our risk and sustainability strategies. Our work with Risilience will allow us to assess the impact that climate is having on our business and the impact of our business on climate. As we move forward with our emissions-reduction targets this insight will be of great value.’
Andrew Coburn, CEO, Risilience, added: ‘We are very excited to partner with CCEP on its risk and climate strategies.
‘CCEP has made significant progress to date. We look forward to delivering actionable data and insights, through our platform, that will help the team to understand climate and the wider risks, and positively impact both in the short term.’
Coca-Cola Europacific Partners is one of the leading consumer goods companies in the world. We make, move and sell some the world’s most loved brands – serving 600 million consumers and helping 1.75 million customers across 29 countries grow.
We combine the strength and scale of a large, multi-national business with an expert, local knowledge of the customers we serve and communities we support.
The Company is currently listed on Euronext Amsterdam, the Nasdaq, London Stock Exchange and on the Spanish Stock Exchanges, trading under the symbol CCEP.
For more information about CCEP, please visit: www.cocacolaep.com and follow CCEP on Twitter at: @CocaColaEP.
At Risilience we put the power of risk science in the hands of global enterprises; translating data into actionable insights that enable companies to identify opportunities, future-proof business strategy and protect investor interests.
Navigating risk to engender more sustainable business models is at the heart of what we do at Risilience. Our technology; Enterprise Risilience™ and Climate Risilience™, is founded on over a decade of influential frameworks pioneered by the Centre of Risk Studies at the University of Cambridge Judge Business School.
The multidisciplinary Risilience team sits at the cross section of academia, corporate risk management and sustainability, and, powered by our technology, delivers a complete picture to enable major global enterprises to mitigate the financial impact of tomorrow, while taking advantage of the opportunities today.