Coca Cola

Coca-Cola, a US-based beverage company, reported its latest carbon emissions data for 2024.

2024 Emissions:

• Total Emissions: No total calculated sum was available for 2024.
• Scope 1 Emissions: Approximately 474,413,000 kg CO2e.
• Scope 2 Emissions (Market-based): Approximately 812,050,000 kg CO2e.
• Scope 3 Emissions:
  • Franchises: Approximately 8,280,825,000 kg CO2e.
  • Business Travel: Approximately 128,507,000 kg CO2e.
  • Purchased Goods and Services: Approximately 332,483,000 kg CO2e.

Historical Emissions:

• 2023: Total reported emissions were approximately 14,300,000,000 kg CO2e. Scope 1 process emissions were approximately 292,106,000 kg CO2e, and Scope 2 market-based emissions were approximately 3,340,000,000 kg CO2e. Scope 3 emissions from franchises were approximately 4,484,403,000 kg CO2e.
• 2022: Scope 1 process emissions were approximately 304,144,000 kg CO2e, Scope 2 market-based emissions were approximately 3,330,000,000 kg CO2e, and Scope 3 emissions from franchises were approximately 4,363,071,000 kg CO2e.
• 2021: Scope 1 process emissions were approximately 325,833,000 kg CO2e, Scope 2 market-based emissions were approximately 3,560,000,000 kg CO2e, and Scope 3 emissions from franchises were approximately 4,299,247,000 kg CO2e.
• 2020: Scope 1 emissions were approximately 793,460,000 kg CO2e, and Scope 2 market-based emissions were approximately 747,876,000 kg CO2e. Significant Scope 3 emissions included purchased goods and services at approximately 21,492,100,000 kg CO2e, processing of sold products at approximately 20,456,130,000 kg CO2e, franchises at approximately 4,138,811,000 kg CO2e, and downstream transportation and distribution at approximately 2,514,372,000 kg CO2e.
• 2019: Scope 1 emissions were approximately 687,597,000 kg CO2e, and Scope 2 market-based emissions were approximately 871,304,000 kg CO2e. Key Scope 3 categories included purchased goods and services at approximately 22,809,959,000 kg CO2e, processing of sold products at approximately 22,630,377,000 kg CO2e, franchises at approximately 4,378,013,000 kg CO2e, and downstream transportation and distribution at approximately 2,290,854,000 kg CO2e.

Climate Commitments and Targets: Coca-Cola has set several climate targets, which are validated by the Science Based Targets initiative (SBTi):

• Near-term Target (SBTi): Coca-Cola aims to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 25% by 2030, using a 2015 base year.
  • This includes specific targets to reduce Scope 1 emissions by 25% by 2030 from a 2015 baseline, Scope 2 emissions by 25% by 2030 from a 2015 baseline, and Scope 3 emissions by 25% by 2030 from a 2015 base year.
• Net-Zero Ambition: The company's ambition is to achieve net-zero emissions by 2050 across all scopes. This goal is supported by their science-based target.

Previous Targets:

• 2010-2020 Carbon Footprint Reduction: Coca-Cola aimed to reduce the carbon footprint of the "drink in your hand" by 25% by 2020, based on a 2010 baseline, covering Scope 1 and Scope 2 emissions.
• 2004-2015 Manufacturing Emissions Reduction: The company committed to reducing emissions from its manufacturing operations in developed countries by 5% by 2015, compared to a 2004 baseline, for Scope 1 and Scope 2 emissions.