
Coca-Cola and Its Bottlers Regress on Reuse Goal, Produce Billions More Single-Use Plastic Bottles
Oceana calls on the company to redouble efforts to meet pledge and to reduce plastic, including helping and encouraging major bottling partners to increase the sale of reusables.
WASHINGTON, D. C., May 18, 2023 (GLOBE NEWSWIRE) -- Despite its commitment to increase the overall share of its products sold in reusable packaging to 25% by 2030, The Coca-Cola Company's share of products sold in reusable packaging declined in 2022. The company, in its latest sustainability report, announced that the share of its products sold in reusable containers was 14% in 2022. This is a decline of two percentage points from the 16% share disclosed when the company announced its pledge last year. Oceana estimates, based on the company’s total reported volume of sales, that the reported two percentage point decline in share could mean Coca-Cola instead produced the equivalent of an additional 5.8 billion 500ml (16.9 US fl. oz) single-use plastic bottles and cups over the last two years in place of reusable packaging.1
The company did not highlight the decline nor explain it in its sustainability report. In response to a request for information from Oceana, Coca-Cola explained that part of this decline was attributable to changes in reporting metrics. The Coca-Cola Company – in its sustainability report – also reported that its overall use of plastic packaging and virgin plastic increased in 2022.
“This is terrible news for the oceans because it means billions more single-use plastic bottles have likely been produced, many of which will go on to pollute the world’s waterways and seas,” said Matt Littlejohn, Oceana Senior Vice President. “This decline, the failure of The Coca-Cola Company to proactively explain why this happened, and the concurrent decline in reusable share by some of the company’s largest bottling partners significantly undermine the viability of the company’s recent reusable packaging commitment.”
Major Coca-Cola bottlers have also reported declines in sales of beverages in reusable packaging since Coca-Cola's announcement in February 2022. Four bottlers that Oceana estimates accounted for nearly half of Coca-Cola’s current reusable sales in 2022 – Coca-Cola FEMSA, Arca Continental, Coca-Cola Andina, and Coca-Cola Hellenic – all reported shares in 2022 that were smaller than those reported in 2021.2
- Coca-Cola FEMSA accounted for an estimated 26% of all reusable sales by Coca-Cola worldwide in 2022. It reported that the reusable share of its total sales declined from 34% in 2021 to 31.5% in 2022. Despite this decline, Coca-Cola FEMSA stated that it exceeded Coca-Cola’s 25% commitment in 2022 (in its most recent integrated annual report). The company has not committed to a separate, public-targeted increase in its share of reusables in support of Coca-Cola's pledge. In response to Oceana, Coca-Cola FEMSA explained that it is investing hundreds of millions of dollars to expand its returnable and refillable capacity.
- Arca Continental, which accounted for an estimated 12% of all reusable sales by Coca-Cola in 2022, reported that its reusable share declined from 26% in 2021 to 24% in 2022. Arca has adopted a goal, in support of the Coca-Cola pledge, of having 25% of all its sales be in reusable containers – meaning that the company has pledged by 2030 to have its reusable share – as a percent of total sales –be lower than it was in 2021.
- Coca-Cola Hellenic Bottling Company (Coca-Cola HBC), which accounted for an estimated 7% of all reusable sales by Coca-Cola in 2022, reported that its refillable share was 13% in 2021 and 12% in 2022. In response to an inquiry from Oceana, Coca-Cola HBC explained that, because of a recent acquisition and changes in reporting, the 2021 and 2022 numbers were in their view not directly comparable.
- Coca-Cola Andina, which accounted for an estimated 5% of all reusable sales by Coca-Cola in 2022, reported in its recently released sustainability report that its sales of reusables declined from 31.6% to 28%. Coca-Cola Andina has pledged to reach 42.8% reusable packaging by 2030. It is the only major bottler to adopt a goal substantially more ambitious than the 25% pledge made by Coca-Cola.
Other large Coca-Cola bottlers, including Coca-Cola Europacific Partners (CCEP) and Swire Coca-Cola, have made no commitments to increase sales of reusables relative to other packaging formats. CCEP, which reported an increase in the share of reusables sold in Europe from 2021 to 2022, did not disclose the total share of reusables sold by the company.
Oceana estimates that if Coca-Cola meets its commitment to reach 25% reusable packaging, the company could avoid producing the cumulative equivalent of over 100 billion 500ml single-use plastic bottles and cups.3 In addition, based on global rates of aquatic plastic pollution from a recent peer-reviewed study, Oceana estimates that approximately 8.5 to 14.7 billion plastic bottles and cups could be prevented from reaching our waterways and seas.4 Coca-Cola, according to the Break Free From Plastic Brand Audit, has been the world’s top plastic polluter for the last five years.
Refillable bottles, the dominant form of reusable packaging used by Coca-Cola and its bottlers, get reused as many as 25-50 times, depending on what material they are made of (plastic or glass). This means that each refillable bottle has the potential to replace 24-49 single-use plastic bottles. Coca-Cola FEMSA has reported that by using refillable bottles, greenhouse gas emissions can be reduced by up to 47% compared to single-use plastic bottles.
Oceana is calling on Coca-Cola to step up and provide the support and leadership needed to grow the sales of reusable containers dramatically worldwide, including aggressively marketing the plastic-reducing benefits and other advantages of reusable packaging to consumers. Additionally, each bottling company within the Coca-Cola system should demonstrate its commitment to the new goal by pledging to increase their share of reusables by at least ten percentage points above current levels. By doing so, these beverage and bottling giants can prevent billions of single-use plastic bottles and cups from entering our oceans.
Media Contacts:
Gillian Spolarich, gspolarich@oceana.org
Anna Baxter, abaxter@oceana.org
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin