Coca-Cola Europacific Partners (CCEP) has implemented a new sustainability-linked supply chain finance programme, structured and operated by Rabobank.

The programme will incentivise and reward suppliers for improving their ESG performance and supports CCEP’s ambition to reach net-zero by 2040 and reduce greenhouse-gas emissions across its value chain by 30 per cent by 2030 (compared to 2019).

Whilst providing competitive financing, the programme links sustainability-driven KPIs for suppliers that, when met, unlock incremental discounts against the initial funding rate, and align with CCEP’s own action to reduce emissions across its entire value chain and reach net-zero by 2040.

Over 90% of CCEP’s emissions are attributed to its supply chain, and it has already asked its suppliers to take three actions to make impactful carbon reductions in their businesses. Initially launched in Germany, the programme will be expanded to CCEP’s suppliers in the rest of Europe, Australia and New Zealand in future phases.

CCEP will also partner with Rabo Foundation, Rabobank’s social impact fund, to support one of its farmer programmes in Indonesia that promotes the adoption of sustainable practices and farm inputs to increase yields and achieve better long-term economic strength.

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