The global drinks giant fumbles its carbon figures
The global drinks giant fumbles its carbon figuresThe Coca-Cola Company has been around for more than 130 years, operates in over 200 countries and markets more than 2,800 sparkling and still beverage products.
Sales last year were more than $28 billion, achieved through serving up products to customers at an astonishing 1.5 billion a day. It owns four of the world’s top five non-alcoholic sparkling beverage brands namely: Coca-Cola, Diet Coke, Sprite and Fanta.
With the release of its latest sustainability review last month we aim to find out whether this giant of the soft drinks industry is also leading the way in addressing climate change.
Coca-Cola states its climate strategy as: “working to grow our business but not the carbon emissions of our manufacturing operations”. This doesn’t sound like a particularly ambitious goal but even so Coca-Cola is not currently achieving this. In 2007, greenhouse gas emissions totalled 4.92 million metric tons of carbon dioxide, an increase of 0.06 million metric tons from 2006.
Rather confusingly, this figure doesn’t match up with that given in its response to the Carbon Disclosure Project (CDP) – where direct emissions (scope 1 and 2) total 7.2 million metric tons. Whichever figure is...