In 2024, our ‘Net-zero carbon emission’ and Forest, Land, and Agriculture (FLAG) targets were validated by the Science Based Targets initiative (SBTi). Furthermore, we expanded our carbon emission focus from inside the fence to the entire value chain and continued our transition from fossil to renewable energy. Moreover, we have enhanced our focus on water, circularity, and safety. Overall, we are on track to deliver on our near-term sustainability goals. In 2024, we showed progress on CO2 emission intensity, lost time injury frequency, and the share of carbonated soft drinks with no/low sugar content.

 

Sustainable products

Carbon emissions

In 2024, we reduced CO2 emissions from our production, excluding own logistics from 30.2 to 29.1m kg CO2, driven by efficiency improvements and installation of solar cells, heat pumps, electrical boilers as well as electrification of own cars and distribution. At the end of 2024, 54% of our energy consumption in scope 1 and 2 (excl. logistics) was based on renewable energy from our own production or renewable energy certificates (REC).

Our total value chain emissions (scope 1, 2 and 3) amounted to 489m kg in 2024 (2023: 410m kg) due to acquisitions and organic growth, while the carbon intensity has been gradually declining since 2019.

Water consumption

Our total water consumption increased 33% to 52.2m hl due to acquisitions, while total wastewater increased 47% to 37.8m hl Consequently, the total water efficiency measure as water consumed per hl produced declined 7%. In 2024, we have started reviewing our most water consuming processes and initiated sharing of best practices for processes such as pre-treatment, cooling, pasteurization to improve the efficiencies.

Circularity

We are targeting 100% circular packaging by 2030 and achieved 95% recycled, recyclable and reusable in accordance with our 2025 goal in 2024. In 2024, we have continued our work to identify more circular solutions as per the revised target.

 

Our people

Safety

We are still challenged on our safety performance with lost time incidents frequency amounting to 12.8 in 2024 (2023: 13.0). As a consequence, improving our safety performance and culture will be our top priority in 2025 and we have therefore initiated a comprehensive action plan to drive changed behavior and create a safety mindset throughout the organization.

Our customers and consumers

Our no/low sugar and alcohol product portfolio is growing faster than our average product portfolio (CSD, water and Energy). In 2024, growth in the no/low sugar segment was 39%, and the share of CSD volumes with no/low sugar content increased to 62% from 59% in 2023. The no/low alcohol segment declined slightly by 4% in 2024, while the non-alcohol share of revenue increased to 54% in 2024 from 51% in 2023. In 2024, we allocated 46% of our marketing budget to brands and products with a sustainability position (2023: 47%).

Revised ESG aspirations and goals

In 2024, we have revised our overall sustainability aspirations and goals to increase the ambitions, to align with our SBTi approve targets, and to adapt to the findings in our materiality assessment.