Coca-Cola

"The text does not provide specific information on the net zero target of the company Coca-Cola or any interesting facts about their environmental policy. Corporate Climate Responsibility Monitor 2023"

Current Score (vs. LY)

56.5 pts (1.5)

Last Update: Dec. 12, 2023

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 325,833793,460687,597
Scope 2 - location-based 869,832802,707868,343
Scope 2 - market-based NA747,876871,304
Scope 1-2 - location-based 1,195,6651,596,1671,555,940
Scope 1-2 - market-based NA 1,541,336 1,558,901
Scope 3 4,299,24750,420,23954,039,041
Total - location-based 5,494,91252,016,40655,594,981
Total - market-based NA 51,961,575 55,597,942

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 6,078,0285,494,912
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Coca-Cola belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 25.0 2015 2030


Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2050


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2050


Science-based Targets (SBTI)

Date Published / Updated :01/09/2019

Near-term Long-Term Net Zero Standard
Targets Set : 2°C by 2030 No target No

American multinational manufacturer of nonalcoholic beverage concentrates and syrups. The Coca-Cola Company sets a target to reduce absolute scope 1, 2, and 3 GHG emissions 25% by 2030 from a 2015 base-year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Coca-Cola Company by zerotracker.net: Oct. 31, 2022
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -1.0
Transparency 26.5 30.0 -1.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 5.0 10.0 0.0
Commitments 15.0 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 15.0 30.0 2.5
Total 56.5 100.0 1.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 10.0 -1.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? -115.3
0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 2°C 5.0 / 10.0 5.0 0.0 5.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 10.0
Actual (in %): 93.4
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.5°C 10.0 / 10.0 7.5 2.5 5.0
Total 56.5 / 100.0 55.0 1.5 51.5


Available Data Sources

Reporting Year 2022 2021 2021 2020 2019
Source Wikirate (NV) Public Yourstake CDP CDP
Publication Year unknown 2022 2022 2021 2020
Scope 1 4,400,000 325,833 325,833 793,460 687,597
Scope 2 - location-based NA 869,832 869,832 802,707 868,343
Scope 2 - market-based NA NA NA 747,876 871,304
Scope 1-2 - location-based 4,400,000 1,195,665 1,195,665 1,596,167 1,555,940
Scope 1-2 - market-based NA NA NA 1,541,336 1,558,901
Scope 3 57,000,000 4,299,247 4,299,247 50,420,239 54,039,041
Total - location-based 61,400,000 5,494,912 5,494,912 52,016,406 55,594,981
Total - market-based NA NA NA 51,961,575 55,597,942

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email