Coca-Cola HBC Named DJSI Leader Of Beverage Industry

Image

coca cola

By Modupe Gbadeyanka

Leading bottler of Coca-Cola products in 28 countries including Nigeria, Coca-Cola HBC, has been named the Sustainability leader of the beverage industry by the Dow Jones Sustainability Indices (DJSI) assessment published on September 8, 2016.

The company scored a total of 90 points, which is 40 points higher than the industry average and 3 points higher than last year.

It would be the ninth year Coca-Cola HBC has been included in the global assessment, as a result of its leading sustainability performance in 2015.

All through 2015, Coca-Cola HBC continued to reduce its environmental footprint, decreasing its carbon emission by the double digits. At the same time, it reduced the amount of water used in producing a litre of beverage, as well as the amount of packaging materials, despite higher production and sales.

The company was one of the 12 firms in the world in 2015, to establish science based carbon reduction targets for both direct and indirect operations. Placing an internal price on water and carbon in 2015 and committing to accounting for sustainability are practical ways how Coca-Cola HBC supports the global action to reach the Sustainability Development Goals adopted by the United Nations.

Coca-Cola HBC is the most diversified bottler in the Coca-Cola System, serving almost 600 million consumers across 28 established, developing and emerging countries on 3 continents. The company has invested €8.2 million-2.3% of its 2015 pre-tax profit-in improving community wellbeing, focusing on 3 key areas: active lifestyle, environmental & water stewardship and youth development, in partnership with more than 230 NGOs.

2015 key performance highlights:

  • 33.311 employees
  • 43.000 suppliers
  • €1.3 billion spent in direct procurement
  • €271 million total taxes paid
  • 11.7 % direct carbon emissions reduction year-on-year
  • Energy use ratio improved by 7.2% year-on-year
  • 19.4% increase of recycled PET usage year-on-year

• 87% sustainable engagement score.

 

Share
Related Stories
Image
13-February-2024

Tunisia Joins Nigeria, Others to Adopt PAPSS

By Adedapo Adesanya Tunisia, through its central bank, Banque Centrale de Tunisie (BCT), has joined the Pan African Payment and Settlement System (PAPSS), making it the first North African country and 13th country to be boarded on the platform. PAPSS, developed by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) Secretariat, facilitates real-time settlement of intra-African trade and payments, in African currencies, across the continent. The platform unites central banks from across Africa and seeks to address the existing challenges faced by African businesses and individuals in accessing

Image
11-February-2024

Profile of Late Access Holdings CEO Herbert Wigwe

By Modupe Gbadeyanka Dr Herbert Wigwe was a visionary leader, philanthropist, and the founder of Wigwe University. In his professional life, he was the Group Chief Executive Officer of Access Holdings Plc (also known as Access Corporation), a multi-national financial services organization that offers commercial banking, lending, payment, pension, insurance, and asset management services. Access Corporation is headquartered in Lagos, Nigeria and operates through a network of more than 600 branches and service outlets, spanning three continents, 18 countries, and 50+ million customers managed by over 28,000 employees. Access Bank, the corporation’s banking business, is one of Africa’s largest retail

Image
26-February-2024

Global Finance Names Ecobank Best FX Bank in Nigeria

By Dipo Olowookere Ecobank Nigeria Limited has been named as the Best FX Bank under the Country & Territory Awards category for Nigeria in the 2024 Global Finance’s annual SME Bank Awards. The parent company of the lender, Ecobank Group, on its part, clinched the Best Bank for SMEs in Africa 2024 award, reflecting its unwavering commitment to meeting the specialised needs of SMEs across its diverse markets. At the award ceremony held on Tuesday, February 20, 2024, at the Glaziers Hall in London, the United Kingdom, Global Finance explained that the Nigerian subsidiary of the leading pan-African Banking Group

More Stories
Image
25-February-2021

COVID-19: Ghana Receives First Covax Delivery

By Ahmed Rahma Ghana on Wednesday, February 24, 2021, became the first country on the African continent to receive 600,000 AstraZeneca/Oxford doses of COVID-19 vaccine. The vaccines were acquired from the World Health Organisation (WHO) through the COVID-19 Vaccines Global Access (COVAX), a humanitarian vaccine distribution mechanism. The arrival represents the start of a massive COVID-19 vaccination campaign encompassing 20 African countries. In a joint statement, WHO Ghana representative, Mr Francis Kasolo, and UNICEF Ghana representative, Anne-Claire Dufay, said, “This is a momentous occasion, as the arrival of the COVID-19 vaccines into Ghana is critical in bringing the pandemic to

Image
09-September-2020

Naira Appreciates to N443/$1 at Black Market

By Adedapo Adesanya The Naira appreciated by N2 against the US Dollar at the black market on Tuesday to trade at N443/$1 compared to N445/$1 it wrapped at the previous session. At the same market segment, the local currency traded flat against the Pound at N575/£1 and gained N5 against the Euro to close at N510/€1 in contrast to the previous N515/€1. At the Bureaux De Change (BDC) segment of the foreign exchange market, the domestic currency appreciated by 50 kobo against the United States currency in Lagos to sell for N441/$1 versus Monday’s rate of N441.50/$1. Data from the

Image
26-November-2019

Border Closure has Curbed Terrorism, Kidnapping, Smuggling—FG

By Adedapo Adesanya Federal government may have to continue to leave the land borders closed on the premise that the action has brought about reduction in the number of illegal weapons and ammunition making it into the country. Minister of Information and Culture, Mr Lai Mohammed, speaking recently at Seme, the border land between Nigeria and Benin Republic, said the move has brought about gains to the country. Mr Mohammed was part of the federal government ministerial delegation on inspection and assessment of the potency of the border closure directive. He was with Ministers of Interior, Mr Rauf Aregbesola; Foreign

Image
06-February-2018

Isedowo: 25 Artisans Share N7.5m from Goldberg

By Dipo Olowookere Last Friday, 25 artisans received N300,000 each from Goldberg during the Isedowo activation held in Ibadan, Oyo State. The funding support, which is from the premium quality lager beer produced by Nigerian Breweries, is mainly to intervene in the financial challenges facing artisans in the south west region of the country. During the event, which was well attended by a cross-section of artisans and citizens of the state with diverse interests, the 25 artisans commended Goldberg for the empowerment scheme. The beneficiaries included auto mechanics, fashion designers, caterers, hair dressers, panel beaters, cobblers, traders and dry cleaners,

Image
01-January-2018

Oando, 7up Exit NSE-30 Index as Diamond Bank, Others Join

By Dipo Olowookere Embattled indigenous energy firm, Oando Plc, is one of the three companies that have exited the NSE-30 Index. The Nigerian Stock Exchange (NSE), in its Year End Review of the NSE indices (NSE 30 and the sectorial Indices), announced reviewing composition of the market indices. Apart from Oando, other firms listed to have exited the NSE-30 Index were 7Up Bottling Company Plc and UACN Plc. However, joining the NSE-30 index are Dangote Flour Mills Plc, NASCON Allied Industries Plc, and Diamond Bank Plc. From the list obtained by Business Post, seven other market indices were affected and

Image
13-July-2019

Flour Mills Raises Dividend by 20% Despite Poor FY Results

By Dipo Olowookere On Friday, Flour Mills of Nigeria Plc released its audited financial statements for the full year ended March 31, 2019. In the results briefly analysed by Business Post, the harsh operating environment and the challenging logistics situation ctreated by the Apapa gridlocl in Lagos continued to weigh on the firm. This was evident in the revenue generated by Flour Mills, which went down to N527.4 billion from N542.7 billion. The traffic issue raised the cost of sales of the firm to N474.1 billion from N473.9 billion, while the selling and distribution expenses jumped to N8.2 billion from

Image
19-January-2021

Investors Lose N39bn on Profit-Taking in Dangote Cement, Others

By Dipo Olowookere Profit-taking in consumer goods and industrial goods deflated the Nigerian Stock Exchange (NSE) by 0.23 per cent on Monday. The decline suffered by the market occurred despite the positive sentiment witnessed during the session as 35 stocks appreciated in price as against the 22 price losers. The weakening of the market was caused by the sell-off in Dangote Cement and others. The cement stock went down by N2.40 to close at N234.60 per unit. Flour Mills depreciated by N1.80 to settle at N31 per share, Guinness Nigeria declined by 50 kobo to sell for N18.50 per share,

Image
07-March-2019

GTBank Sponsors 2019 Lagos International Polo Tournament

By Modupe Gbadeyanka Some of the most renowned indigenous and international polo teams are set to convene in Lagos, Nigeria to compete for highly coveted trophies in the 2019 Lagos International Polo Tournament, sponsored by leading African financial institution, Guaranty Trust Bank (GTBank) Plc. This year’s competition will begin on March 13, 2019, and will see both Nigerian and foreign teams compete in five main cups, namely; the Silver Cup, Open Cup, Oba of Lagos Cup, Low Cup and Majekodunmi Cup. Over the years, GTBank has been at the forefront of supporting Polo; widely revered as the Sport of Kings,

Ad
Ad
Recent Stories
Image
02-March-2024

MTF Class of 2023 to Premiere Her Dark Past, Grown

By Modupe Gbadeyanka Two feature films will be premiered this weekend exclusively on the Africa Magic Showcase channel 151 and Africa Magic Urban channel 153 by the students of the MultiChoice Talent Factory (MTF). The two pieces of art titled Grown and Her Dark Past are the final projects of the MTF Class of 2023 students, a statement from the organisation said. The MTF is a leading film school in West Africa for young, talented and passionate filmmakers. It was established by the media platform to grow the region’s creative industry. Grown premieres on Africa Magic Showcase at 8.30 pm

Image
02-March-2024

Mandela’s Heirs Lose Power in South Africa

By Alexander Braterskiy South African authorities warn that if the opposition wins the parliamentary elections, the country may change course and leave the informal BRICS economic bloc, which includes Russia. The position of the African National Congress party, which has been in power since the collapse of apartheid, is indeed not the best, as shown by the municipal elections held earlier in the country. The opposition accuses the president of corruption and abuse of power, as well as an inability to cope with the country’s energy crisis. The ANC crisis occurred on the 30th anniversary of the first free elections

Image
02-March-2024

CAA Reaffirms Commitment to Climate Innovation for Sustainable Future

By Modupe Gbadeyanka A leading social enterprise focused on environmental sustainability, Climate Action Africa (CAA), has reaffirmed its commitment to being at the forefront of driving climate innovation for a sustainable future. The organization, which is a key participant at the four-day Omniverse Summit 2024 in Lagos, emphasised the need to integrate environmental sustainability models, technology, and community-driven innovation to address climate change challenges. It promised to foster an inclusive climate action ecosystem through innovation, which it said can be used to identify and scale solutions to address the imminent climate crisis in Nigeria and Africa as a whole, The

Image
02-March-2024

Endosurvivors Foundation Set For Another Endometriosis Awareness

By Adedapo Adesanya EndoSurvivors International Foundation (ESIF), an NGO championing endometriosis awareness in Nigeria, has announced its upcoming events in commemoration of the Global Endometriosis Advocacy Month in March, fondly tagged March4Endo by advocates all over the world.  Endometriosis is a chronic and inflammatory condition that affects approximately 1 in 10 girls and women in Nigeria and on a global scale. This sums up to about 190 million affected girls/women around the world, about the population of Nigeria in 2018.  The World Health Organisation (WHO) recognizes that endometriosis has significant social, public health, and economic implications leading to a decrease

Image
02-March-2024

CSCS, FrieslandCampina Lift NASD OTC Bourse by 0.31%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange returned to the positive territory after it gained 0.31 per cent on Friday, March 1, thanks to the duo of Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc. CSCS Plc added 81 Kobo to its value to sell for N19.46 per unit compared with the preceding day’s N18.65 per unit, and FrieslandCampina improved by N1.15 to settle at N71.4o per share, in contrast to Thursday’s closing price of N70.25 per share. However, Aradel Holdings Plc continued its price depreciation yesterday as it shed N6.75 to sell at N2,395.00

Image
02-March-2024

Naira Now N1,548.25 at Official Market, N1,560/$1 at Black Market

By Adedapo Adesanya The Naira sustained its gradual recovery against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 1, appreciating by 2.94 per cent or N46.86 to sell at N1,548.25/$1, in contrast to the N1,595.11/$1 it was traded on Thursday. Also, in the spot market, the Nigerian currency improved its value against the Pound Sterling during the trading day by N90.13 to close at N1,956.06/£1 versus the previous day’s N2,046.19/£1 and against the Euro, it gained N76.39 to trade at N1,675.25/€1, in contrast to the N1,751.64/€1 it closed a day earlier. The supply of

Image
02-March-2024

Crude Oil Jumps 2% as Traders Sight Possible OPEC+ Cuts

By Adedapo Adesanya Crude oil appreciated by about 2 per cent on Friday as traders awaited a decision from the Organisation of the Petroleum Exporting Countries and allies (OPEC+) on supply agreements for the second quarter. Yesterday, the price of Brent futures went up by $1.64 or 2 per cent to $83.55 per barrel and the US West Texas Intermediate (WTI) futures rose by $1.71 or 2.19 per cent to $79.97 a barrel. For the week, Brent added around 2.4 per cent while WTI gained more than 4.5 per cent. Analysts noted that the expectation that OPEC+ is going to

Image
02-March-2024

NGX Indices Nosedive by 1.23% as Traders Resume Profit-Taking

By Dipo Olowookere The bears made a quick return to the Nigerian Exchange (NGX) Limited after leaving the stage for the bulls for a day as investors reassessed the impact of the hike in the benchmark interest rate by the Central Bank of Nigeria (CBN) on Tuesday on their investments. On Friday, the key performance indicators of the bourse closed lower by 1.23 per cent as a result of renewed selling pressure, especially in the energy and industrial goods sectors. Business Post reports that at the close of transactions on the first trading session of March 2024, the industrial goods

Image
01-March-2024

CBN Revokes Operational Licences of 4,173 BDC Operators [FULL LIST]

By Aduragbemi Omiyale The operational licences of 4,173 Bureaux De Change (BDC) operators have been revoked by the Central Bank of Nigeria (CBN). A statement signed by the acting Director of the Corporate Communications Department of the apex bank, Mrs Hakama Sidi Ali, on Friday disclosed that the action was taken because the affected BDCs did not adhere to regulatory provisions. The central bank said the BDCs did not pay all necessary fees, including licence renewal, within the stipulated period in line with guidelines. It also said they failed to give account of returns in line with the guidelines, and

Image
01-March-2024

BREAKING: Popular Yoruba Comic Actor Sisi Quadri Dies

By Modupe Gbadeyanka A popular Yoruba comic actor, Mr Tolani Quadri Oyebamiji, otherwise known as Sisi Quadri, has died, according to reports. However, the cause of his death is still unclear as of the time of filing this report. There are speculations that he briefly fell ill before his passing, though he was seen publicly some months ago with a fellow comic actor, Sanusi Izihaq, who is well-known as Apa or Apankufor. Sisi Quadri, who died at the age of 44, was recently gaining fresh public attention with his comic act with Apa and others. His demise has hit the