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    CCH   CH0198251305

COCA-COLA HBC AG

(CCH)
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Sustainability acceleration through partnership: Coca-Cola HBC holds first Group Supplier Sustainability event with over 300 international participants

04/20/2021 | 10:48am EDT
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Sustainability acceleration through partnership: Coca-Cola HBC holds first Group Supplier Sustainability event with over 300 international participants
20 Apr 2021

Coca-Cola HBC held its first Group Supplier Sustainability Event on 14th April 2021: 'Doing Good Together', which was attended by over 300 participants from all over the world. During the virtual event, company and external experts provided context on the international drivers and challenges on environmental, social and economic (ESG) factors facing the industry as well as examples of best practices and new opportunities arising from sustainability.

This included presentations on Coca-Cola HBC's sustainability goals - Mission 2025, risk management, ensuring a culture of ethics and compliance, human rights, the approach to countering climate change and the journey towards a World Without Waste.

Acceleration through partnership

CCHBC CEO, Zoran Bogdanovic opened the event, underlining that sustainability is at the top of our agenda. He said: 'Sustainability is fundamental for our growth. And it can only happen through partnership, especially with our suppliers. For us, creating value means supporting the socio-economic development of the societies in which we operate as well as building a more positive environmental impact, together with our stakeholders. '

90% of our Coca-Cola HBC's carbon footprint comes from scope 3 emissions, which are emissions that occur in the value chain that are linked to the company's operations but generated from sources that we do not have full control over. CCHBC Group Supply Chain Director, Marcel Martin further highlighted: 'It is important that we work closely with our suppliers to accelerate our sustainability journey, as their environmental and social impact has an effect on the footprint of our value chain and vice versa'.

Within the breadth and scale of societal, ecological and environmental challenges facing the world, it is impossible that one single stakeholder can have all the answers. Partnering is the only way for businesses and society to find solutions.

Disclaimer

Coca-Cola HBC AG published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 14:47:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 6 729 M 8 157 M 8 157 M
Net income 2021 502 M 609 M 609 M
Net Debt 2021 1 607 M 1 948 M 1 948 M
P/E ratio 2021 22,2x
Yield 2021 2,15%
Capitalization 11 189 M 13 567 M 13 564 M
EV / Sales 2021 1,90x
EV / Sales 2022 1,74x
Nbr of Employees 27 722
Free-Float 52,1%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 32,71 €
Last Close Price 30,68 €
Spread / Highest target 14,1%
Spread / Average Target 6,64%
Spread / Lowest Target -17,4%
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Managers and Directors
NameTitle
Zoran Bogdanovic Chief Executive Officer & Executive Director
Ben Almanzar Chief Financial Officer
Anastassis Georgiou David Non-Executive Chairman
Mourad Ajarti Chief Information Officer
Naya Kalogeraki Chief Operating Officer
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