Coca-Cola HBC AG

Our public policy engagements in the 29 markets in which we operate, are governed by our Code of Business Conduct and the Anti-Bribery and Compliance handbook. [...] All our direct or indirect advocacy is aligned with our commitment to achieve NetZero by 2040. We regularly review, monitor and assess our memberships to ensure that any trade associations we are members of, share the Paris Agreement goals. In case of misalignment between the climate change policy positions of trade associations with the Paris Agreement, we have a compliance framework at executive level which covers the countries we operate in. [...] We regularly review, monitor and assess our memberships to ensure that any trade associations we are members of, share the Paris Agreement goals. Monitoring is conducted annually across all the countries we operate in and reviewed by the Chief Corporate Affairs and Sustainability Officer. In case of misalignment between the climate change policy positions of trade associations with the Paris Agreement, our compliance framework led by the Chief Corporate Affairs and Sustainability Officer foresees various possible actions such as: a) direct engagement with the trade association with clear timelines to address these differences; b) public statements distancing the company from the misalignment and c) remedial actions such as leaving the trade association and/or d) forming proactive coalitions to counter the lobbying as ultimate measures.

Our public policy engagements in the 28 markets in which we operate, are governed by our Code of Business Conduct and the Anti-Bribery and Compliance handbook.

Our public policy engagements in the 29 markets in which we operate, are governed by our Code of Business Conduct and the Anti-Bribery and Compliance handbook. [...] All our direct or indirect advocacy is aligned with our commitment to achieve NetZero by 2040. We regularly review, monitor and assess our memberships to ensure that any trade associations we are members of, share the Paris Agreement goals. In case of misalignment between the climate change policy positions of trade associations with the Paris Agreement, we have a compliance framework at executive level which covers the countries we operate in.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The vast majority of our activities to positively influence policy are done through our trade associations and are therefore of an indirect nature. We have already described CCH's Board oversight of climate-related issues and how our governance mechanisms into which climate-related issues are integrated in section C1.1. 

Within our Corporate Affairs and Sustainability (CA&S) function, our Chief CA&S Officer is the Executive Leadership Team member responsible for ESG strategy, engagements, reporting on progress and plans. The department responsible for policy engagements is Public & Regulatory Affairs (P&RA) and it is under the direct supervision of our Chief CA&S Officer. Our Social Responsibility Committee (SRC) of the Board of Directors is monitoring CCH's progress against our sustainability targets, including packaging, climate and water, and reviews all major environmental-based investments, environmental risks, water-related activities, engagement activities, etc. to ensure that they are aligned. SRC meets quarterly; Chief CA&S Officer presents during these meetings. This governance structure helps to ensure that our positions and activities will be consistent with our sustainability targets and strategy. In accordance with the precautionary principle, sustainability is taken into account in the development process for any major project, product or new investment and is built into our annual and long-range business planning processes.

On a day-to-day basis, CCH P&RA department reviews CCH policy positions on a local and international level. The corporate and local Public Affairs leads within the CA&S team are responsible for the relationships with and the strategy and advocacy of relevant trade associations. They are active members, often serving on Executive Committees or Committees, and ensure our values and positions are reflected.

Besides, we publish detailed climate information & data in our Integrated Annual Report, in accordance with the GRI Standards, TCFD, SASB. The IAR is externally validated by an independent assurance provider, with high assurance level . The assurance engagement covers the nature and extent of the CCH's application of the principles of inclusivity, materiality, responsiveness and impact, as described in the AA1000 Series of Standards (AA1000AP, 2018). In case of any inconsistency in our engagement activities with our overall climate change strategy, it would be identified and stated in the assurance statement.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes