Energy Efficiency, GHG Emissions, Industrial  -  December 4, 2024

Coca‑Cola Sets 2035 Goals

The Coca‑Cola Company announced updated voluntary environmental goals that include a plan to lower the company’s Scope 1, 2 and 3 emissions in line with a 1.5°C trajectory by 2035 from a 2019 baseline.  

The company aims to reduce emissions in its own operations, including concentrate manufacturing operations and company-owned bottling partners. The company’s acquired businesses will be excluded from this goal, including BODYARMOR, CHI, Costa, doğadan, fairlife and innocent. The company expects to prepare these businesses for integration into its 1.5°C trajectory over time.  

Coca‑Cola’s actions on water and packaging can also help mitigate the impacts caused by climate change. 

Coca-Cola plans to make additional investments in new technologies and renewable sources and work with franchise bottling partners and suppliers to reduce their direct emissions, which are the company’s Scope 3 emissions.

The company is prioritizing goals and actions that seek to improve water security in high-risk locations, reduce packaging waste and decrease emissions and is extending the timeframe to 2035. 

"We remain committed to building long-term business resilience and earning our social license to operate through our evolved voluntary environmental goals," said Bea Perez, Executive Vice President and Global Chief Communications, Sustainability & Strategic Partnerships Officer at The Coca‑Cola Company, in a statement. "These challenges are complex and require us to drive more effective and efficient resource allocation and work collaboratively with partners to deliver lasting positive impact."

The company expects to continue to report on its sustainability progress annually. It also intends to evaluate its actions, market dynamics, additional learnings and stakeholder needs regularly to maintain close alignment of 2035 goals with business priorities and the company’s progress.