Sustainability Report 2023


The 2023 Sustainability Report demonstrates the company's progress and best practices on essential issues such as climate & energy, circular economy, water, corporate governance, human rights, inclusion and diversity, responsible procurement, nutrition, product quality, as well as contributing to the responsible functioning of the market and the development of society.

These issues reflect the company's commitment to sustainable development, aiming for a better future for all.

The 2023 Sustainability Report, presented on the following pages, reflects how we contribute to sustainable development issues through the implementation of policies, processes and programs. This Report also reflects our progress on these issues through the use of qualitative and quantitative performance indicators for 2023.


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CREATING VALUE IN LOCAL COMMUNITIES

Coca-Cola HBC Cyprus continues to stand by local communities. For example, #YouthEmpowered gave 3,000 young people the opportunity from 2017 to 2023 to acquire skills and networking opportunities to achieve a positive change in their professional lives.

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A WORLD WITHOUT WASTE

Reducing the amount of materials, we use in our packaging is one of the most effective ways to reduce their environmental impact.

Since 2021, we have eliminated the plastic film from aluminum multi-packs through the new KeelClip™ packaging type. We are the first company to use the new and innovative KeelClip™ packaging type in the soft drinks industry, which equates to a reduction of almost 126 tons of plastic per year in Cyprus.

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CARING FOR PEOPLE

We strive to provide an environment of continuous growth for our employees. We place their health and safety at the top of our priorities, encourage the reporting of human rights violations, work for equal treatment and respect the right to participate in trade union bodies. In 2023, 71% of new positions were filled internally, while 82 employees took on new roles, 12 employees were promoted to positions in other countries as well as the Group.

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CONTRIBUTION TO THE ECONOMY

The added value created by our Company's total contribution to the Cypriot economy reaches €28.2 million and corresponds to 0.16% of Cyprus' GDP. Coca - Cola HBC Cyprus' turnover has a decisive contribution to the creation of a sustainable and productive system in the agricultural and food industry of Cyprus, as the percentage of total purchasing expenditures allocated to domestic suppliers reached 13%.

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INNOVATIONS FOR CONSUMERS AND CUSTOMERS

We care about the health and well-being of our consumers. In this direction, we are already steadily reducing the sugar content in our products and developing the recipes of our products.

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PRODUCT QUALITY AND INTEGRITY

Kykkos Natural Mineral Water was the first Cypriot water to win the Superior Taste Award with 3 stars for the third consecutive year and for the first time the Crystal Taste Award from the International Taste Institute, a recognized awarding body for excellence in taste and product quality, making Kykkos Natural Mineral Water the only Cypriot Natural Mineral Water with this distinction and over 20 awards.