CCEP News CCEP News https://www.ccep.com/feeds/news <p>Yesterday, Nik Jhangiani, our CFO, and I were at the Consumer Analyst Group Europe (CAGE) Conference in London talking with investors about how Coca-Cola European Partners will become the world&rsquo;s most valuable Coca-Cola bottler and a leading consumer goods company. [<a href="http://ccepcage2017.modstreaming.com/">You can watch a replay of the presentation here</a>.]<br /><strong><br />First, we&rsquo;re well positioned for growth<br /><br /></strong>Since integrating the bottling operations of Coca-Cola Enterprises, Iberia and Germany to form Coca-Cola European Partners, we have created a business with the right platform for growth. We are already sharing best practice across CCEP on a new scale and realising efficiencies, which translate into commercial effectiveness. That&rsquo;s why we&rsquo;re on track to achieve our mid-2019 pre-tax savings objective of &euro;315 million to &euro;340 million.<br /><br />Importantly, we&rsquo;re confident that CCEP&rsquo;s operating model provides a solid platform for growth, and we see several areas for value creation, including innovation, brand development, and improved marketplace execution.<br /><br /><strong>We know where growth will come from<br /><br /></strong>We&rsquo;re also clear <em>where</em> we&rsquo;re going to grow. The non-alcoholic ready-to-drink (NARTD) category has estimated total retail sales of approximately &euro;100 billion across our territories, and in that category are a number of segments with significant opportunities for growth.<br /><br />Like our partners at The Coca-Cola Company, we are adopting a total beverage company mindset &ndash; strategically diversifying our portfolio to deliver what consumers want, whether that be drinks with less sugar, new flavours or more convenient packaging.<br /><br />For instance, the still and water segments represent more than 50 percent of total retail sales, yet we currently have a low value share in these segments. We see this as a significant opportunity to profitably grow with some of the high quality brands within our portfolio.<br /><br />We&rsquo;re looking at all opportunities across the portfolio, from changing recipes and introducing new products and scaling brands across our territories to meet consumer needs. People&rsquo;s tastes and preferences are changing, and that will drive our innovation. <br /><br />Last year, we launched several low and no calorie product innovations, including new Coca-Cola Zero Sugar in Great Britain, France, Belgium/Luxembourg and the Netherlands, and this year, we are introducing it in Spain, Germany and the Nordics. Honest, which we are expanding in GB, represents a significant opportunity as a premium, organic brewed ice tea. In Germany, VIO is a successful brand built over the last few years, and we recently added a premium range of organic sparkling lemonade VIO.&nbsp;<br /><br /><strong>Investing in even greater collaboration with our customers<br /><br /></strong>At the heart of our efforts will be an even greater focus on connections with our customers. This allows us to put more of our products in the hands of more consumers, more of the time. We will work more closely than ever before with our customers, ensuring our senior leadership teams are connecting and sharing priorities, as well building joint business plans. We are also constantly building and developing our data on how shoppers behave and how they make their decisions, to support our customers as we grow the category together. &nbsp; &nbsp; <br /><br />We are also focused on freeing up time for our 5,500 sales people to be with our customers more, calling on 1 million outlets across our markets.<br /><br /><strong>We&rsquo;re a good company, but we&rsquo;re going to become a GREAT company<br /><br /></strong>I am very proud to be the CEO of a company that is listed on the 2016 Dow Jones Sustainability Index. This is a good company already &ndash; but we are going to be great. &nbsp; <br /><br />We are developing a new sustainability strategy for Coca-Cola in western Europe in partnership with The Coca-Cola Company. We have been seeking input from hundreds of external stakeholders and consumers to understand what matters to them and learn what we can do better, building on our progress in several areas such as sustainable packaging, diversity, evolving our portfolio and community involvement.</p> <p>Our goal is clear: we want to lead in sustainability while driving value for all of our stakeholders, including our shareholders. We know from the past that if we put sustainability at the centre of our business decision-making, it can reward us with cost savings, build consumer and customer trust and, ultimately, become a growth driver in itself.<br /><br /><strong>Our people are central to our success</strong></p> <p>It&rsquo;s a testament to the hard work of the 24,500 people at CCEP that we were able to achieve so much in 2016 and release such positive results. It takes a single-minded focus driven by a shared ambition. &nbsp;Everyone in the business, whatever they are doing and wherever they do it, are part of this success.<br /><br />Creating the right culture is fundamental to our growth. We are working to encourage an entrepreneurial culture where everyone knows what our purpose is and how they contribute to it.</p> <p>Our purpose as Coca-Cola European Partners is not only to delight customers and consumers with our drinks and our service, but to create shared and sustainable value. That means value for our shareholders but also value for our people, our customers and the communities in which we work. <br /><br />There&rsquo;s no doubt that we can do more, but the foundations are in place and growth is apparent. Over the next two years we have ambitious targets still to meet and &ndash; as I told the CAGE Conference this afternoon &ndash; I know we have the people, the plan, and the passion to do it</p> 32313231-2d4e-6577-7349-74656d2d3233 https://www.ccep.com/news-and-events/news/becoming-a-great-company Thu, 23 Mar 2017 16:48:18 +0000 Becoming a great company 46807 image/jpeg https://www.ccep.com/system/stories/2121/D-cage-main.jpg <p><strong>LONDON, 21 March 2017 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces fourth-quarter and full-year results for the period ended 31 December 2016, and affirms its full-year 2017 outlook.</strong></p> <p>Highlights</p> <ul> <li>Full-year diluted earnings per share were &euro;1.42 on a reported basis or &euro;1.92 on a pro forma comparable basis, including a negative currency translation impact of &euro;0.08.</li> <li>Full-year reported revenue totalled &euro;9.1 billion. Pro forma comparable revenue was &euro;10.9 billion, down 1.5 percent vs. prior year, or up 1.0 percent on a pro forma comparable and fx-neutral basis. Volume increased 0.5 percent on a pro forma comparable basis.</li> <li>Full-year reported operating profit was &euro;851 million; pro forma comparable operating profit was &euro;1.4 billion, up 1.0 percent, or up 5.0 percent on a pro forma comparable and fx-neutral basis.</li> <li>Fourth-quarter diluted earnings per share were &euro;0.02 on a reported basis or &euro;0.43 on a pro forma comparable basis, including a negative currency translation impact of &euro;0.03.</li> <li>CCEP affirms its full-year guidance for 2017 including comparable and fx-neutral diluted earnings per share growth in a high single-digit range when compared to the 2016 pro forma comparable results; at recent rates, currency translation would reduce diluted earnings per share by approximately 2.0 percent.</li> <li>CCEP remains on track to achieve pre-tax savings of &euro;315 million to &euro;340 million through synergies by mid-2019.</li> <li>CCEP declares quarterly dividend of &euro;0.21 per share.</li> </ul> <p>&ldquo;During 2016, we successfully brought together the businesses of Coca-Cola European Partners, while delivering our growth objectives for revenue, profit, and diluted earnings per share,&rdquo; said Chief Executive Officer Damian Gammell. &ldquo;This transaction, completed only 10 months ago, establishes an improved platform for growth as we diversify and increase our portfolio value, collaborate to win with our customers, and operate more efficiently, effectively, and locally to capture the market opportunities.</p> <p>&ldquo;As we worked to integrate our business in 2016, our company remained focused on driving core revenue, operating profit, and improving profit margins,&rdquo; Mr. Gammell said. &ldquo;These results were driven by strong field level execution by our employees, solid marketing initiatives, and the benefits of improved weather in key months.</p> <p>&ldquo;Going forward, we will focus on delivering our operating objectives for 2017 - goals we have affirmed today - by successfully implementing our marketing and brand initiatives and continuing to realize our synergy objectives,&rdquo; Mr. Gammell said. &ldquo;We believe the operating advantages of our new company, coupled with the skill and dedication of our people, will enable us to deliver consistent, value-building growth that creates benefits for our stakeholders and drives shareholder value.</p> <p>&ldquo;Today&rsquo;s dividend announcement, an increase of over 20 percent, is a clear demonstration of our strong commitment to driving shareholder value,&rdquo; Mr. Gammell said.&nbsp;</p> 32303931-2d4e-6577-7349-74656d2d3231 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-reports-fourth-quarter-full-year-results-for-the-period-ended-31-december-2016 Tue, 21 Mar 2017 11:28:55 +0000 COCA-COLA EUROPEAN PARTNERS REPORTS FOURTH-QUARTER & FULL-YEAR RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2016 73210 image/jpeg https://www.ccep.com/system/stories/2091/Earnings_image-main.jpg <p>Clare Wardle, CCEP&rsquo;s General Counsel &amp; Company Secretary, has been included on this year&rsquo;s &lsquo;The Hot 100&rsquo;, a prestigious annual list compiled by The Lawyer magazine which celebrates legal professionals who have completed ground-breaking work in the past year.</p> <p>The accolade recognises her outstanding contribution to the recent merger process which created CCEP last year, when Clare led on the complex areas of legal risk, compliance and governance. The panel at The Lawyer commended her for also continuing to pursue her passions of diversity in the workplace and staff development. To be named to the list is a considerable achievement and reflects Clare&rsquo;s dedication to the success of the entire CCEP business.</p> <p>Clare, based at CCEP&rsquo;s headquarters in London, has been in her current role since May 2016 and was previously Group General Counsel at Kingfisher.&nbsp;</p> 31393031-2d4e-6577-7349-74656d2d3330 https://www.ccep.com/news-and-events/news/ccep-s-general-counsel-company-secretary-named-one-of-the-great-britain-s-top-100-lawyers Mon, 30 Jan 2017 15:44:28 +0000 CCEP’s General Counsel & Company Secretary named one of the Great Britain’s top 100 lawyers 68476 image/jpeg https://www.ccep.com/system/stories/1901/ClareWardle-main.jpg <p>Today, Coca-Cola European Partners was named one of the Most Sustainable Corporations in the World in a list announced at the World Economic Forum in Davos &ndash; we were ranked at 48 in the global list of 100 most sustainable companies. We are very proud of this achievement, which is a reflection of the work we have done to put sustainability at the very heart of our new business.</p> <p>The 2017 Global 100 Index of the Most Sustainable Corporations in the World is published by Corporate Knights, a Canadian sustainability ratings and research company. It recognises businesses that have shown a strong performance across a number of key areas &ndash; including carbon, water and waste, supply chain impact, innovation, safety and employee turnover.</p> <p>We were selected from an initial group of over 4,900 listed companies and are one of only two beverage companies to be included, with Diageo listed at 64. Other companies in this year&rsquo;s Global 100 include Siemens AG at number one, Marks and Spencer at 32 and L&rsquo;Oreal at 38. The full Global 100 Index is available to view <a href="http://www.corporateknights.com/reports/2017-global-100/2017-global-100-results-14846083/">here.</a></p> <p>As we continue our work in well-being, energy and climate, water stewardship, and sustainable packaging and agriculture, we hope to improve our ranking further in future years. We know that collaboration is absolutely essential as we strive for sustainability leadership, so working with our customers, suppliers and stakeholders remains a key focus.&nbsp;</p> 31383631-2d4e-6577-7349-74656d2d3137 https://www.ccep.com/news-and-events/news/ccep-is-one-of-the-most-sustainable-corporations-in-the-world Tue, 17 Jan 2017 10:53:24 +0000 CCEP is one of the Most Sustainable Corporations in the World 156512 image/jpeg https://www.ccep.com/system/stories/1861/100-main.jpg <p class="p1">Damian Gammell joined Coca-Cola European Partners&rsquo; Board of Directors, following his appointment as Chief Executive Officer on 28 December 2016. Damian is known for his vision, customer focus and transformational leadership. As Chief Executive Officer and the only Executive Director in the Board, he will ensure Coca-Cola European Partners continues to drive long-term growth and shareowner value.<br /><br />&ldquo;It&rsquo;s an honour to serve with such an experienced, international and diverse Board,&rdquo; Damian said. &ldquo;My focus is clear: ensuring Coca-Cola European Partners can unlock opportunity and growth in Western Europe, and I am confident in our ability to win through the solid foundations we have created for our new company. We have the right leadership and long-term growth plans, supported by some of the best people in the business and the world&rsquo;s most loved brands.&rdquo;<br /><br />Prior to Coca-Cola European Partners, Damian served as Chief Executive Officer of Anadolu EFES (ticker symbol: EFES), one of the world&rsquo;s largest beverage companies and Chief Executive Officer of Coca-Cola Icecek (ticker symbol: CCOLA), the world&rsquo;s fourth largest Coca-Cola bottler. During his 25-year career with the Coca-Cola system, Gammell served as head of The Coca-Cola Company&rsquo;s operations in Germany and Russia, and worked in parts of Eastern Europe, the Middle East, Asia and Australia.</p> 31383431-2d4e-6577-7349-74656d2d3033 https://www.ccep.com/news-and-events/news/damian-gammell-joins-board-of-directors Tue, 03 Jan 2017 09:55:40 +0000 Damian Gammell joins Board of Directors 50357 image/jpeg https://www.ccep.com/system/stories/1841/DG-main.jpg <p>As well as being bottled at our Chaudfontaine site, water is now helping us to power the entire factory. To support our aim to make better use of green energy, our team in Belgium decided to maximise the vast natural power resource right on their doorstep &ndash; the Vesdre River.&nbsp;</p> <p>Working with the local council, the Walloon Region and external investors, we have invested &euro;800,000 to install a hydroelectric turbine that will transform the natural current of the river into power for the site. We expect the turbine will produce an incredible 330 MWh per year &ndash; the equivalent energy usage of 94 households (a 170 tonne reduction in CO2 carbon emissions per year).</p> <p>The team at our Chaudfontaine site has worked tirelessly on sustainable energy management and since 2005 we have reduced the site&rsquo;s overall energy consumption three-fold. And we are using the natural environment to create the site&rsquo;s own green energy.&nbsp; The combination of already-installed solar panels, natural capture of geothermal heat from the mineral water and this new turbine, will help Chaudfontaine produce more than 10% of its required electricity from green energy.</p> <p>We want future generations to be able to enjoy Chaufontaine water and have spent a long time looking into the long-term future of the site. By anticipating possible pollution risks and exploring the potential of green energy, we&rsquo;re protecting the unique taste of Chaudfontaine for years to come.</p> <p>The installation of this turbine is just a small step in our journey toward greater use of green energy. Within our manufacturing operations, we aim to improve our energy efficiency by making greater use of alternative energy resources like this turbine at Chaudfontaine, as well as using solar photovoltaic and wind turbines.</p> <p>Across our business, we're also working to minimise water impacts in our value chain, establish a water sustainable operation and set the standard for water efficiency. We want to protect the future sustainability of all our water sources and have set the target to safely return to na</p> 31373831-2d4e-6577-7349-74656d2d3039 https://www.ccep.com/news-and-events/news/powering-chaudfontaine-with-green-energy Fri, 09 Dec 2016 10:24:11 +0000 Powering Chaudfontaine with green energy 90491 image/jpeg https://www.ccep.com/system/stories/1781/Chaudfontaine-main.jpg <p>Having only last month secured a position on the <a href="/news-and-events/news/coca-cola-european-partners-awarded-position-on-cdp-2016-climate-a-list">CDP (Carbon Disclosure Project) 2016 Climate A List,</a> we&rsquo;re excited to announce that we&rsquo;ve also been awarded a position on the 2016 Water A List. The list identifies which companies from across the globe are leading the way in sustainable water management.</p> <p>This year, hundreds of companies submitted information for the list with results independently assessed against CDP&rsquo;s scoring methodology &ndash; developed in collaboration with leading peers and experts in corporate water stewardship and its lead scoring partner <a href="http://www.thesouthpolegroup.com/">South Pole Group</a>.</p> <p>The 2016 list features companies that are seen as being on the path to sustainably managing water and is produced at the request of 643 investors with US$67 trillion in assets by CDP. Of the 607 companies that were eligible for a score in CDP&rsquo;s water programme this year, we are among only 24 that have been awarded the A grade.</p> <p>The listing is a result of the hard work we&rsquo;ve undertaken to minimise water impacts in our value chain, establish a water sustainable operation and set the standard for water efficiency. We know that water is one of the world&rsquo;s most precious resources which is why we&rsquo;re taking a holistic approach to water stewardship &ndash; working to protect the future sustainability of water sources and be an efficient user of water.</p> <p>Follow this link to find out more details on the CDP&rsquo;s new report <a href="https://www.cdp.net/en/research/global-reports/global-water-report-2016"><em>Thirsty business: Why water is vital to climate action</em></a>, out today.</p> 31353931-2d4e-6577-7349-74656d2d3135 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-secures-position-on-cdp-2016-water-a-list Tue, 15 Nov 2016 08:29:55 +0000 Coca-Cola European Partners secures position on CDP 2016 Water A List 140784 image/jpeg https://www.ccep.com/system/stories/1591/CDP-A-List-Water-main.jpg <p><strong>LONDON, 10 November 2016 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces its interim results for the third-quarter ended 30 September 2016, and affirms full-year 2016 outlook.</strong></p> <p>Highlights</p> <ul> <li>Third-quarter diluted earnings per share were &euro;0.67 on a reported basis or &euro;0.66 on a pro forma comparable basis, including a negative currency translation impact of &euro;0.03.</li> <li>Third-quarter reported revenue totaled &euro;3.0 billion. Pro forma comparable revenue was &euro;3.0 billion, flat vs. prior year, or up 3.5 per cent on a pro forma comparable and fx-neutral basis. Volume increased 3.5 per cent on a pro forma basis.</li> <li>Third-quarter reported operating profit was &euro;405 million; pro forma comparable operating profit was &euro;459 million, up 2.0 per cent or up 7.0 per cent on a pro forma comparable and fx-neutral basis.&nbsp;</li> <li>CCEP affirms its full-year guidance for 2016, including flat revenue growth, modest mid-single-digit operating profit growth, and diluted earnings per share growth in a mid-teen range, all on a pro forma comparable and fx-neutral basis. After including an expected negative currency impact of approximately 4.5 per cent, pro forma comparable diluted earnings per share is expected in a range of &euro;1.86 to &euro;1.90.</li> <li>CCEP remains on track to achieve pre-tax savings of &euro;315 million to &euro;340 million through synergies by mid-2019.</li> <li>Separately today, CCEP announced Damian Gammell will succeed John F. Brock as chief executive officer.</li> </ul> <p>&ldquo;This marks the first full quarter of operation for CCEP since our merger, and we are encouraged by the return to growth in our third-quarter results,&rdquo; said John F. Brock, chief executive officer. &ldquo;These results support the opportunities we see for growth and our long-term outlook for CCEP.</p> <p>&ldquo;We remain focused on successfully integrating the territories of Coca-Cola European Partners, enhancing customer service, realising the synergies we have communicated, and ensuring we capture the growth opportunities in the market,&rdquo; Mr. Brock said. &ldquo;This will enable us to better meet the needs of our customers, serve our communities effectively, and importantly, drive shareowner value.&rdquo;</p> <p><a href="/system/file_resources/1471/2016_CCEP_Third-Quarter_Financial_Report_FINAL.pdf">Please click here to see the 2016 CCEP third-quarter&nbsp;financial report</a></p> <p>&nbsp;</p> 31353131-2d4e-6577-7349-74656d2d3130 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-reports-interim-results-for-the-third-quarter-ended-30-september-2016 Thu, 10 Nov 2016 12:33:37 +0000 Coca-Cola European Partners reports interim results for the third-quarter ended 30 September 2016 185529 image/jpeg https://www.ccep.com/system/stories/1511/__CCEP-JB-main.jpg <p><strong>LONDON, 10 November 2016 &ndash; Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces the appointment of Damian Gammell as the company&rsquo;s Chief Executive Officer, effective 28 December, 2016. He is expected to be appointed to the Board of Directors in December. Gammell will succeed John Brock, who has decided to retire after the successful merger to create Coca-Cola European Partners and a distinguished international career in the consumer goods industry.</strong></p> <p>Gammell is currently Chief Operating Officer of Coca-Cola European Partners. Prior to this, he served as Chief Executive Officer of Anadolu EFES (ticker symbol: EFES), one of the world&rsquo;s largest beverage companies and Chief Executive Officer of Coca-Cola Icecek (ticker symbol: CCOLA), the world&rsquo;s fourth largest Coca-Cola bottler. During his 25-year career with the Coca-Cola system, Gammell served as head of The Coca-Cola Company&rsquo;s operations in Germany and Russia, and worked in parts of Eastern Europe, the Middle East, Asia and Australia.</p> <p>&ldquo;The Board of Directors would like to thank John Brock for his leadership in establishing the strong foundation from which our new business operates,&rdquo; said Sol Daurella, Chairman. &ldquo;John and Damian were both instrumental in the creation of Coca-Cola European Partners. Damian is an exceptional leader who has the vision, experience and dynamism we need to transform and grow the business into the future. Our Board of Directors has every confidence in him and his ability to drive long-term growth and shareowner value. Together, John and Damian will ensure a smooth transition, and we have the right leadership to ensure Coca-Cola European Partners is well placed to realise its potential.&rdquo;</p> <p>&ldquo;The non-alcoholic ready-to-drink beverage category in Western Europe represents significant potential for growth. We have created the platform to capture that opportunity and have already begun to see benefits coming from the merger. I know that with Damian as its leader, the company is ready to build on this momentum and realize the opportunities that lie ahead,&rdquo; said John Brock, Chief Executive Officer.</p> <p>&ldquo;Driven by the needs of our customers and focused on how we serve our local markets, Coca-Cola European Partners will unlock the opportunity that exists in this category and win in Western Europe,&rdquo; said Damian Gammell, Chief Operating Officer. &ldquo;It will be an honour to lead this company and work alongside some of the best people in the business and the world&rsquo;s most loved brands, aligned behind one roadmap for success.&rdquo;</p> 31353031-2d4e-6577-7349-74656d2d3130 https://www.ccep.com/news-and-events/news/damian-gammell-to-succeed-john-f-brock-as-chief-executive-officer-of-coca-cola-european-partners Thu, 10 Nov 2016 12:32:28 +0000 Damian Gammell to succeed John F. Brock as Chief Executive Officer of Coca-Cola European Partners 246432 image/jpeg https://www.ccep.com/system/stories/1501/PRESS_RELEASE_IMAGE_D_SOL_JFB-main.jpg <p>We&rsquo;ve partnered with the world&rsquo;s leading pen manufacturer, STABILO, and German recycling experts Interseroh to create the STABILO Green Boss &ndash; a truly &lsquo;green&rsquo; set of highlighters that are made from 83 per cent recycled plastic.<br /><br />By using &lsquo;Procyclen&rsquo;, a recycled plastic made from Coca-Cola bottle tops developed by Intersoh, it&rsquo;s estimated that emissions of greenhouse gases during the pen&rsquo;s production could be reduced by up to 50 per cent*. This is the first time recycled plastic bottle tops have been used in the manufacture of highlighter casings, despite the quality of the plastic being particularly well suited.<br /><br /><strong>Sanam Moayedi-Stummer, Director of Procurement at Coca-Cola European Partners Germany GmbH, said: </strong>&ldquo;We&rsquo;re always looking for new ways to recycle our plastic bottle tops and we&rsquo;re really excited to be working with STABILO and Interseroh on this project.<br /><br />&ldquo;Packaging is essential to our business, but is often needlessly thrown away and ends up in landfill. We&rsquo;re committed to recycling more packaging than we use and the STABILO Green Boss highlighter is one of many ways we can reduce the amount of waste that goes to landfill.&rdquo;<br /><br />The STABILO Green Boss highlighters will be available in Germany in four colours as part of the collaborative &lsquo;green range&rsquo;, with a number of further products set to follow.<br /><br /><em>*Research conducted by scientists at the Fraunhofer Institute UMSICHT, Germany.</em></p> 31343731-2d4e-6577-7349-74656d2d3031 https://www.ccep.com/news-and-events/news/new-ccep-partnership-highlights-our-recycling-commitment Tue, 01 Nov 2016 10:20:06 +0000 New CCEP partnership highlights our recycling commitment 196204 image/jpeg https://www.ccep.com/system/stories/1471/Stabilo-main.jpg <p>For the first time, Coca-Cola European Partners has been awarded a position on the <a href="https://www.cdp.net/en/info/about-us">CDP (Carbon Disclosure Project)</a> 2016 Climate A List.</p> <p>Every year, this list identifies a select number of companies as global leaders for their actions and strategies in response to climate change.&nbsp;It is referred to by 800 institutional investors with a combined asset base of US $100 trillion as they look to invest in stocks that are managing the risk associated with climate change.</p> <p>Thousands of companies submit annual climate disclosures to CDP, which is an international not-for-profit organisation that drives sustainable economies.&nbsp;We are one of only 193 companies who successfully made the list of leaders in addressing climate change &ndash; and we&rsquo;re especially proud to be one of only 15 businesses from the UK. Among those listed are companies including Unilever, Tesco, Nestl&eacute;, Diageo and Iberdrola.</p> <p>Our inclusion is based on a submission of Coca-Cola Enterprises&rsquo; climate and carbon reduction initiatives in 2015.&nbsp;This includes efforts to measure, reduce and disclose our carbon emissions, to embed climate into our business strategy and to set stretch science-based carbon reduction targets.&nbsp;</p> <p>Joe Franses, VP of Sustainability for Coca-Cola European Partners said: &ldquo;We are delighted to be recognised as one of the world&rsquo;s leading businesses in responding to the global challenge of climate change. This positive result will not stop us continuing to challenge ourselves to set the standard for sustainability both within our industry and beyond.&rdquo;&nbsp;</p> <p>Follow this link to find out more details on the <a href="https://www.cdp.net/en/research/global-reports/tracking-climate-progress-2016">CDP Global Climate Change Report 2016</a>.</p> <p>&nbsp;</p> 31343531-2d4e-6577-7349-74656d2d3235 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-awarded-position-on-cdp-2016-climate-a-list Tue, 25 Oct 2016 09:23:51 +0000 Coca-Cola European Partners awarded position on CDP 2016 Climate A List 281439 image/jpeg https://www.ccep.com/system/stories/1451/CDP_Dse-main.jpg <p>Last month, Coca-Cola European Partners (CCEP) graduates, Louise Pasin and Charlotte Surtees-Chapman, joined 1,300 young leaders at the <a href="https://www.oneyoungworld.com/">One Young World</a> summit in Ottowa, Canada. This annual event for 18-30 year olds is designed to empower the next generation of leaders to make a positive and lasting change to society. Attendees come from all over the world, and from a mix of global and national companies, NGOs, universities and other forward-thinking organisations.<br /><br />Louise and Charlotte, who both work in Public Affairs and Communications at CCEP, share some insights about their experience.<br /><br /><strong><strong>The One Young World experience</strong><em><br /><br /></em></strong><strong>Louise: &ldquo;</strong>With young leaders from 197 countries coming together for four days of meetings and discussion, We met many talented people who showed us how powerful your impact can be when you decide to act. One example is Fran&ccedil;oisRodrigo Le Tiec &ndash; he&rsquo;s just a normal guy but he recently launched his own NGO, <a href="http://www.nuevo-destino.org/">Nuevo Destino</a>, which helps Honduran children in rural areas access education.<br /><br />&ldquo;Climate Change is one of the issues I&rsquo;m most concerned about both in my personal and professional life so &lsquo;the Climate Change&rsquo; session by Mary Robinson (former UN commissioner and President of Ireland) was one of my main highlights. She taught us about the idea of &lsquo;climate justice&rsquo; &ndash; securing justice for the millions of people who are vulnerable to the impacts of climate change and who are often unheard voices.<br /><br /><strong>Charlotte:</strong> &ldquo;It really was life-changing. Delegates came from far and wide and from a range of sectors &ndash; from finance to FMCGs &ndash; providing a platform for very varied conversations. We discussed everything, from what our respective companies do to make a social difference to how we could make a change when we return.<br /><br />&ldquo;YouTube blogger Hussain Manawer was among many speakers who stood out to me. His thought-provoking session on mental health demonstrated how important it is to work together to help every member of society to feel valued and included.&rdquo;<br /><strong><br />Lessons from One Young World<br /><br /></strong><strong>Louise: &ldquo;</strong>Don&rsquo;t be afraid &ndash; believe you can make a change. We need to be optimists and create a world we all want to live in. It means that we have to take actions, get involved in our community and try our best to create a positive impact.&rdquo;&nbsp;<br /><br /><strong>Charlotte:</strong> &ldquo;Never underestimate the power of networking. Working together will help us tackle global issues, so it&rsquo;s important to stay connected to those who share our goals and challenge our thinking.&rdquo;<br /><br />&ldquo;Just because societal issues might not directly affect us, it doesn&rsquo;t mean that we should ignore them. We must remember that all human life is of equal value and we never know what challenges others are facing &ndash; take time to understand. Small step changes and simple acts of kindness will make a difference. I also learned that we shouldn&rsquo;t think like leaders of tomorrow. We are leaders of today, and we can make a difference now.&rdquo;<br /><br /><strong>Key takeaways for our business<br /><br /></strong><strong>Louise:</strong> &ldquo;CCEP is a global company, committed to making an impact in corporate responsibility and sustainability. We should use One Young World as a platform to exchange knowledge and business practices with other high-profile organisations, and tackle problems together.&rdquo;<br /><br /><strong>Charlotte:</strong> &ldquo;We need to ensure that we align our community programmes to real issues that each country is facing. We need to look at how we make a tangible contribution to society.&rdquo;<br /><br />&ldquo;To be part of the solution to global issues, we need to be part of the conversation. One Young World pushes you to think creatively, and on a wider scale. The experience gave me renewed energy and direction to bring back to the business.&rdquo;<br /><br /><br /><img style="float: left; margin-left: 10px; margin-right: 10px;" src="/system/file_resources/1431/charlotte.jpg" alt="" width="200" /><strong>Charlotte Surtees-Chapman</strong> has been at Coca-Cola European Partners for more than three years, and is currently working in the Public Affairs team in Great Britain.<br /><br /><br /><br /><br /><br /><br /><br /><br /><img style="float: left; margin-left: 10px; margin-right: 10px;" src="/system/file_resources/1421/louise.jpg" alt="" width="200" /><strong>Louise Pasin</strong>, has been at Coca-Cola European Partners for more than two years, and is currently working in the Communications team in France.</p> 31343331-2d4e-6577-7349-74656d2d3234 https://www.ccep.com/news-and-events/news/ccep-committed-to-inspiring-future-generations Mon, 24 Oct 2016 15:19:55 +0000 CCEP committed to inspiring future generations 172099 image/jpeg https://www.ccep.com/system/stories/1431/OYW_DOT_COM-list-main.jpg <p>Earlier this week we signed an agreement with Fundaci&oacute;n ESADE, one of the leading business schools in Spain, to create the &lsquo;Coca-Cola Scholarship&rsquo;. The scheme will help talented students, who may otherwise not have the resources, to get funding for their undergraduate studies at the school.<br /><br />Our renewed partnership with Fundaci&oacute;n ESADE forms just a small part of the work we&rsquo;re doing in Spain to help young people get access to education and ultimately find employment.<br /><br />The &lsquo;Coca-Cola Scholarship&rsquo; is also a sign of our ongoing commitment to working with ESADE &ndash; an organisation that shares our vision of improving opportunities for young people through social action.<br /><br />At Coca-Cola European Partners, we are committed to making a positive difference in our communities and supporting young people is a vital part of this. Our partnership with Fundaci&oacute;n ESADE sits alongside initiatives like Passport to Employment in France and <a href="http://www.jinc.nl/english">JINC</a> in the Netherlands as a collaboration that nurtures talent and increases the employability and aspirations of youth from disadvantaged areas.</p> 31343031-2d4e-6577-7349-74656d2d3134 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-collaborates-with-esade-to-provide-scholarships-for-talented-students-in-spain Fri, 14 Oct 2016 11:04:20 +0000 Coca-Cola European Partners collaborates with ESADE to provide scholarships for talented students in Spain 200851 image/jpeg https://www.ccep.com/system/stories/1401/ESADE-main.jpg <p>An innovative sustainability partnership between Coca-Cola European Partners (CCEP), Viridor, Avery Dennison and PET UK will see CCEP recycle around 70 tonnes of waste this year from Smartwater bottle labels at our site in Morpeth, Great Britain.<br /><br />This collaboration shows how working together across the value chain can help to turn the crisis of resource scarcity into a business opportunity. During the normal Smartwater production process, a self-adhesive label is applied to the bottles. Before they are applied, the labels are carried on a transparent plastic (PET) liner, which becomes waste after they are dispensed.<br /><br />Around eight tonnes of liner waste is generated for every 10 million bottles of Smartwater produced. In 2015 more than 40 tonnes of PET liner waste was produced, costing us &pound;8,500 in handling and disposal costs. This year the site expects to produce 90 million bottles.<br /><br />Working together with Avery Dennison, a global leader in labelling and packaging materials and solutions; Viridor, one of the UK&rsquo;s leading recycling, resources and renewable energy companies; and PET UK, one of the UK&rsquo;s leading plastics processors, the PET liners can now be used to make new products. Through their inclusion in recycled PET (rPET) resin they can go on to create PET staple fiber, strapping or thermoformable sheets, which are used to make trays.<br /><br />This initiative is an important step forward for CCEP, helping us to recycle more of our waste, and confirms our commitment to support the circular economy. It is expected to reduce the carbon footprint of our Morpeth factory by approximately 80-100 tonnes CO2e annually (as much as 15 homes electricity use over a year) and could generate an annual saving on disposal costs of around &pound;25,000.<br /><br />Joe Franses, Director of Sustainability at CCEP, said: &ldquo;<em>We are very aware of both the risks and opportunities that resource scarcity poses to our business, in particular for our packaging. We are clear that our economy needs to evolve from the current &lsquo;take-make-dispose&rsquo; model and we need a more circular, longer-term way of thinking. This example shows how we can turn the crisis of resources into a business opportunity through close collaboration across the value chain. Businesses which can be truly innovative with the products and services they provide, optimising the resources they use and encouraging consumers to do the same, have the potential to transform our economy</em>&rdquo;.</p> 31333431-2d4e-6577-7349-74656d2d3237 https://www.ccep.com/news-and-events/news/smarter-sustainability-solution-helping-us-recycle-more-waste Tue, 27 Sep 2016 15:19:53 +0000 Smarter sustainability solution helping us recycle more waste 128306 image/jpeg https://www.ccep.com/system/stories/1341/Smartwater-main.jpg <p><strong>LONDON, 22 September 2016 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces its&nbsp;interim results for the six months ended 1 July 2016 and affirms full-year 2016 earnings outlook.</strong></p> <p><br /><span>Highlights</span></p> <ul> <li>First-half diluted earnings per share were &euro;0.74 on a reported basis or &euro;0.83 on a pro forma comparable basis,&nbsp;including a negative currency translation impact of &euro;0.02.</li> <li>First-half reported revenue totaled &euro;3.5 billion. Pro forma comparable revenue was &euro;5.2 billion, down 3 per cent, or&nbsp;down 1.5 per cent on a pro forma comparable and fx-neutral basis. Volume declined 1.0 per cent on a comparable&nbsp;basis.</li> <li>First-half reported operating profit was &euro;314 million; pro forma comparable operating profit was &euro;603 million, down&nbsp;2.5 per cent or flat on an fx-neutral basis.</li> <li>CCEP provides its full-year guidance for 2016, including pro forma comparable, fx-neutral diluted earnings per&nbsp;share growth in a mid-teen range, with flat revenue growth and modest mid-single-digit operating profit growth.</li> <li>CCEP remains on track to achieve pre-tax savings of &euro;315 million to &euro;340 million through synergies by mid-2019.</li> <li>CCEP declares initial quarterly dividend of &euro;0.17 per share.</li> </ul> <p>&ldquo;Since the creation of Coca-Cola European Partners nearly four months ago, our strong belief in the future of our new company has been reinforced,&rdquo; said John F. Brock, chief executive officer. &ldquo;We are making significant progress to integrate the new business, share best practices and become even more effective and efficient.</p> <p>&ldquo;Our first-half results reflect the continued impact of a soft consumer environment and persistent economic challenges,&rdquo; Mr. Brock&nbsp;said. &ldquo;These conditions support our focus on executing against our outstanding marketing programmes, improving our operational<br />effectiveness and integrating CCEP to capture synergies as we work to reach our full-year 2016 performance objectives.&rdquo;</p> <p>&ldquo;Ultimately, our focus remains on our most important goal - continuing to drive shareowner value, while maintaining a strong&nbsp;commitment to the communities we serve,&rdquo; Mr. Brock said.</p> <p><a href="/system/file_resources/1351/2016_CCEP_Half-Yearly_Financial_Report_FINAL.pdf">Please click here to see the 2016 CCEP half-yearly financial report</a></p> 31323931-2d4e-6577-7349-74656d2d3232 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-reports-interim-results-for-the-six-months-ended-1st-july-2016 Thu, 22 Sep 2016 11:31:39 +0000 Coca-Cola European Partners reports interim results for the six months ended 1st July 2016 94854 image/jpeg https://www.ccep.com/system/stories/1291/CCEP_Intranet_Earnings-main.jpg <p>Today we learnt that Coca-Cola European Partners has successfully gained a place on both the DJSI Europe and DJSI World Indices for 2016. Membership of the DJSI is highly competitive and there&rsquo;s no doubt that this is the most widely recognised sustainability index in the world. The evaluation process for inclusion in the DJSI is long and rigorous, and includes a thorough review of economic, social and environmental factors. In total, over 3,400 companies were evaluated for inclusion in this prestigious Index, with only three beverage companies included in the DJSI World Index in 2016.<br /><br />To gain a place on this index as Coca-Cola European Partners provides a strong foundation as we begin the process of developing our future sustainability strategy and setting targets and commitments for our new business.<br /><br />We will develop our strategy and commitments in close alignment and partnership with The Coca-Cola Company. Together, we will be guided by the expectations of our employees, our customers and our consumers. This insight will help us develop a sustainability strategy that drives sustainable growth for our business whilst supporting the needs of society and our environment. &nbsp; &nbsp;<br /><br />As Coca-Cola European Partners, we will continue to put sustainability at the heart of our business. We will continue to speak with and listen to a wide range of stakeholders, because we know that we can&rsquo;t make a difference by working alone.<br /><br />There is still much more to do but, for now, join me in thanking everyone who contributed to our success!</p> 31313631-2d4e-6577-7349-74656d2d3037 https://www.ccep.com/news-and-events/news/joe-franses-director-of-corporate-responsibility-and-sustainability-discusses-coca-cola-european-partners-place-on-the-dow-jones-sustainability-index Wed, 07 Sep 2016 21:07:05 +0000 Joe Franses, Director of Corporate Responsibility and Sustainability, discusses Coca-Cola European Partners’ place on the Dow Jones Sustainability Index 194742 image/jpeg https://www.ccep.com/system/stories/1161/JoeFranses-ccep-main.jpg <p>We are delighted to announce that Coca-Cola European Partners has been listed on the Dow Jones Sustainability Index (DJSI) for 2016. In total, over 3,400 companies were evaluated for inclusion in this prestigious index. We are listed on both the DJSI Europe and DJSI World Indices.<em>&nbsp;</em>We are especially delighted to achieve the highest score of 100 in Brand Management, Health and Nutrition, Materiality, Environmental Reporting, Packaging, and Water Related Risks.<br /><br /><strong>What is the Dow Jones Sustainability Index?<br /><br /></strong>The DJSI is a global index which tracks the financial performance of leading sustainability-driven companies. It is based on an analysis of financially material economic, environmental and social factors and is reviewed annually by the S&amp;P Dow Jones Index Committee and RobecoSAM, a specialist sustainability investment company. Companies are only listed in the annual ranking if they are best in class within their industry for sustainability.<br /><br /><strong>A perfect foundation for our new sustainability journey<br /><br /></strong>We are listed under the name of our newly merged business, Coca-Cola European Partners, and this gives us a strong foundation from which to build into the future.<br /><br />&ldquo;This important milestone signals that we are on the right path as we drive our sustainability journey while creating value for our business and customers. We will continue to engage with all of our stakeholders to push ourselves forward and build on our progress in well-being, energy and climate, water stewardship, sustainable packaging and sustainable sourcing,&rdquo; said John F. Brock, our CEO.<br /><br />For additional information on the DJSI, please visit: <a href="http://www.sustainability-indices.com/">http://www.sustainability-indices.com/<br /><br /></a>For more details on our sustainability leadership, please visit:&nbsp;<a href="/#sustainability-1111">https://www.ccep.com/#sustainability-1111</a>&nbsp;</p> 31313531-2d4e-6577-7349-74656d2d3037 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-listed-on-the-2016-dow-jones-sustainability-index Wed, 07 Sep 2016 16:22:59 +0000 Coca-Cola European Partners listed on the 2016 Dow Jones Sustainability Index 91417 image/jpeg https://www.ccep.com/system/stories/1151/DJSI_Member_Logo-main.jpg <p>Earlier this summer we launched our 2016 Spanish &lsquo;Coastal Clean-Up&rsquo; campaign in partnership with the Ecomar Foundation. This non-profit organisation, chaired by former Spanish Olympic sailor Theresa Zabell, aims to educate children and young people practising water sports about caring for the environment.&nbsp;</p> <p>It&rsquo;s the third year we&rsquo;ve taken part in the Coastal Clean-Up, which helps raise awareness of the importance of recycling waste and keeping our coastlines clean. This year we hope to collect around 800kg of waste from Spanish shores with the help of around 400 local children.</p> <p>We kicked off this year&rsquo;s initiative with the team from Ecomar foundation, helping 32 children from the Real Club Nautico Port Pollenca sailing school in Mallorca to clean a stretch of the Cala del Moro coastline, collecting over 50kg of rubbish. We also organised three further clean-ups, all with the help of children at sailing schools. In September, the beach cleaning efforts will reach the inland waters of Medina de R&iacute;oseco (Valladolid) and the Alicante town of Javea.</p> <p>In recognition of their work, one of beaches on Cortegada Island in the Atlantic Islands National Park will be renamed Ecomar Beach.</p> <p>We&rsquo;re proud of our collaboration with the Ecomar Foundation, which forms just a small part of CCEP&rsquo;s commitment to the wider environment.</p> <p>&nbsp;</p> 31313131-2d4e-6577-7349-74656d2d3132 https://www.ccep.com/news-and-events/news/ecomar-foundation-and-coca-cola-european-partners-join-forces-for-2016-coastal-clean-up-campaign-in-spain Fri, 12 Aug 2016 11:18:17 +0000 Ecomar Foundation and Coca-Cola European Partners join forces for 2016 ‘Coastal Clean-Up’ campaign in Spain 179740 image/jpeg https://www.ccep.com/system/stories/1111/Ecomar-main.jpg <p>As part of our ongoing commitment to the communities in which we operate, we&rsquo;re excited to announce the expansion of our &lsquo;GIRA&rsquo; project in Spain to Seville and the wider Andalusia region. GIRA is an initiative aimed at boys and girls aged between 16 and 23 who face difficulties when finding employment. Our programme helps to provide these young people with the skills and resources they need to make that first step onto the career ladder.</p> <p>Andalusia currently has the highest youth unemployment rate in Spain with 57.3% of people aged 20 to 24 years old unemployed*. This year, we&rsquo;ve extended our GIRA project to other regions, which until now was has only run in Madrid.</p> <p>We first created the programme to help young people in Spain get the best out of themselves and start a new future. We recognise that all young people have talent, but unfortunately not everyone has access to the same opportunities in life. Through our comprehensive training programme, which runs in partnership with the likes of the Red Cross, Foundation Gipsy Secretariat and <a href="http://www.proyectodonbosco.com/">Fundaci&oacute;n Proyecto Don Bosco</a>, our goal is to help participants gain confidence and develop the skills a young person requires when entering the working world.</p> <p>2,100 young people have now taken part in GIRA between 2012 and 2015. Of that number, 73% of participants decided to return to studies and 27% found a job as a result of the programme. During 2016, we hope that the project will benefit a further 800 young people &ndash; 100 of whom currently live in Seville.</p> <p><em>*Spanish Labour Force Survey for Q1 of 2016</em></p> <p>&nbsp;</p> 31303731-2d4e-6577-7349-74656d2d3237 https://www.ccep.com/news-and-events/news/coca-cola-extends-gira-youth-project-to-andalusia-region-in-spain Wed, 27 Jul 2016 10:38:25 +0000 Coca-Cola extends ‘GIRA’ youth project to Andalusia region in Spain 130344 image/jpeg https://www.ccep.com/system/stories/1071/GIRA-main.jpg <p>We&rsquo;re pleased to announce that Vifilfell, the Icelandic Coca-Cola bottler and one of the largest fast-moving consumer goods businesses in the country, has officially joined Coca-Cola European Partners (CCEP).</p> <p>CCEP was created following the merger of Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetr&auml;nke at the end of May 2016. Although we are European business, we invest, manufacture and distribute locally and we&rsquo;re excited to welcome the 210 employees from the Reykjavik headquarters and two other production sites to our workforce.</p> <p>Founded in 1942, Vifilfell is a leader in both the sparkling soft drinks and beer categories.&nbsp; The business services over 2,300 customer outlets in Iceland with a portfolio of popular brands, including Coca-Cola, Fanta, Sprite, Tr&oacute;p&iacute;, Toppur, Powerade, H&aacute;mark &ndash; the leading protein drinks brand and the beer brands V&iacute;king and Thule.</p> <p>In fact, our business in Iceland boasts the highest per capita consumption in CCEP with 365 beverages sold per inhabitant, per year. With the addition of Vifilfell, our business is now made up of 13 countries and nine official languages.</p> <p>Coca-Cola European Partners has the flexibility, scale and innovation to drive growth in all of our territories and we are delighted to have Iceland on board.</p> 31303931-2d4e-6577-7349-74656d2d3239 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-completes-acquisition-of-icelandic-coca-cola-bottler-vifilfell Fri, 29 Jul 2016 07:59:18 +0000 Coca-Cola European Partners completes acquisition of Icelandic Coca-Cola bottler – Vifilfell 133463 image/jpeg https://www.ccep.com/system/stories/1091/EN-Iceland-main.jpg