Our material issues are those that matter most to our stakeholders and broader shareholder groups, and subsequently impact the Company’s value drivers, competitive position and long-term value creation.
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Current Site: Czech Republic and Slovakia
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Current Site: Czech Republic and Slovakia
Our material issues are those that matter most to our stakeholders and broader shareholder groups, and subsequently impact the Company’s value drivers, competitive position and long-term value creation.
Understanding the needs and interests of our stakeholders – including our partners, customers, suppliers and community members and employees – helps us to prioritise our material issues. This in turn helps us develop sustainable business strategies, enabling us to create value in the long term.
We actively seek out our stakeholders’ opinions and insights by:
The outcome of our material issues survey constitutes a ranking order of material issues. By assessing the importance of these issues to our stakeholders and their decision, combined with an assessment of the impact of the issue on society and environment, we derive the relative materiality of each issue and prioritise them accordingly. Following the process of prioritising our material issues, the Operating Committee ensures their proper implementation in our overall strategic framework. This includes setting and disclosing targets and metrics to measure progress.
We have linked our material issues to the Sustainable Development Goals (SDGs), established by the UN to achieve long-term growth and development by 2030. In 2018, when introducing Mission 2025 with our sustainability commitments, we aligned our materiality topics not only with the applicable goals, but with all relevant underlying targets for each SDG.
We identify and focus on the issues that have the biggest impact on our business and matter most to our stakeholders.
Material issues include the economic, environmental and social risks that could affect our reputation and ability to create value over the short, medium and long term.
At Coca‑Cola HBC we aim to understand and address the issues with the highest impact to our business and our communities. We are always looking to improve our approach to identifying the most important of these risks and impacts, and report on our approach and progress against material issues transparently.
The materiality process provides insights to our business strategy and makes sure that our integrated and sustainability reporting is relevant.
To identify the key issues for our business, we monitor external trends and how these affect our ability to grow our business sustainably over time.
We prioritise these issues based on their relative importance to our business and to society at large, mapping the most important ones annually in our materiality matrix.
Our systematic materiality assessment process helps us prioritise the issues in line with the Global Reporting Initiative G4 Sustainability Reporting Guidelines.
How material an issue is to our business depends on how it relates to:
Understanding the needs and interests of our stakeholders – including our partners, customers, suppliers and community members and employees – helps us to prioritise our material issues. This in turn helps us develop sustainable business strategies, enabling us to create value in the long term.
We actively seek out our stakeholders’ opinions and insights by:
To ensure good governance, the Social Responsibility Committee of the Board of Directors and the Sustainability Steering Committee, which consists of key subject matter experts and decision makers, regularly review our priorities in light of changing issues and expectations.
We review our material issues annually to make sure that we always reflect new insights from the business and our stakeholders.
Our material issues are linked to the Mission 2025 sustainability commitments and the UN’s Sustainable Development Goals (UN SDGs) and their targets
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments*
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments
Alignment with SDGs
2025 sustainability commitments
Natural Capital is the stock of renewable and non-renewable natural resources that combine to yield a flow of benefits to people (reference: Natural Capital Coalition).
To understand our impact, we used the methodology of the Natural Capital Protocol, and evaluated our environmental impact across our entire value chain.
Our study translates Life Cycle Analysis (LCA) indicators into a monetary value.
Final impact is the cost that society bears as a result of our activities in the value chain.
1. Non-renewable energy use
2. Aquatic ecotoxicity
3. Aquatic eutrophication
4. Land occupation
5. Human toxicity, carcinogen
6. Human toxicity, non-carcinogen
7. Ionizing radiation
8. Respiratory effects (Particulate matter)
9. Ozone Depletion
10. Photochemical oxidation (smog creation)
11. Global warming
12. Water withdrawal (water consumption)