Net Zero by 2040

To reach NetZeroby40, we will reduce our direct emissions to an absolute minimum, and we will work in collaboration  with our suppliers and other partners in the value chain to eliminate the 90% of our carbon footprint that results from indirect scope 3 emissions.

We aim to achieve net zero emissions across our value chain by 2040 and are making steady progress towards this goal. Between 2010 and 2025, we reduced our absolute direct emissions by 61% and lowered our absolute total value chain emissions in scope 1, 2 and 3 by approximately one third. 

We were among the first companies to adopt science-based reduction targets by the Science Based Targets initiative (SBTi) in 2016. 2025 marked the fifth consecutive year our emissions remained aligned with our NetZeroby40 roadmap. 

Our achievements reflect our sustained investment, disciplined execution and consistent approach to decarbonisation, underscoring the scale of our most ambitious commitment.

In 2025, we continued to advance our NetZeroby40 roadmap. We also: 

• reduced absolute valuechain emissions and accelerated packaging collection and rPET use across priority markets. These outcomes, tracked against Mission 2025 and our NetZeroby40 pathway, are independently assured and reported in line with the European Sustainability Reporting Standards (ESRS) and the Task Force on Climaterelated Financial Disclosures (TCFD)

• renewed climate targets for 2030 and 2040, now covering Egyptian operations; and

• introduced targets for Forest, Land and Agriculture (FLAG), applying to commodities from forestry, land and agricultural sectors. These are reflected in our scope 3 emissions and triggered changing of our baseline year to 2019 (from 2017).

These targets are embedded in our NetZeroby40 transition plan, with clear pathways:

• In scope 1 and 2, we are following the 1.5°C pathway, with absolute reductions of 46.2% by 2030 and of 90% by 2040 compared with 2019.

• In scope 3, we have split our targets into two categories: energy and FLAG. 

Energy-related targets follow the Well-Below-2- Degrees (WB2D) scenario until 2030 with a 27.5% reduction, and then the 1.5°C pathway until 2040, our net zero year, with a 90% reduction compared with 2019.  

FLAG targets: we aim to reduce those emissions by 33.3% by 2030 and by 72% by 2040 compared with our 2019 baseline.

A Robust Plan

Our NetZeroby40 commitment is fully aligned with our philosophy to support the socioeconomic development of our communities and to make a more positive environmental impact.

In accordance with the Climate Change Policy and our overall Environmental Policy, we will

• strive to reduce all our emissions across the value chain as much as possible by:
  • advancing the reduction of the energy used in our operations.
  • expanding our use of renewable energy technologies.
  • deploying more energy-efficient coolers in the marketplace.
  • accelerating our sustainable packaging agenda and our green fleet.
  • engaging with relevant stakeholders to combat climate change.
  • working with suppliers to reduce their carbon footprint and to minimise their climate impacts. 
  • setting roadmaps for emissions reduction for all our operations and the main steps in the value chain.
• keep CO₂ emission reduction targets as one of the elements of our long-term management incentive plans.
• work with other partners (industries, academia, non-governmental organisations (NGOs), governments, etc.) on climate change mitigation and climate change adaptation.
• consider all climate risks and opportunities and integrate them in our business strategy.
• investigate the opportunities for finding solutions for our residual emissions, such as biological and/or technological removals.
• monitor, report and audit our GHG emissions, targets, results and activities, and publish transparently our progress in our public files.

Our NetZeroby40 commitment is also endorsed by the “We Mean Business” coalition. Further we have joined the list of companies supporting the “Race to Zero” initiative. 

Download our Net Zero Transition plan. 
Download our NetZeroBy40 road map.