Coca Cola HBC : ‑Cola HBC among the first to sign A4S CFO statement of support for TCFD
November 20, 2017 at 07:51 am EST
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As a global sustainability leader, we are actively contributing to the fight against climate change.
Climate change remains one of the major challenges faced by companies and governments the world over and these days, various policies are being instituted to encourage businesses to be more transparent in reporting finance related risks and opportunities.
The recently organised 'Accounting for Sustainability' (A4S) Annual Summit provided yet another platform to progress in this battle and we were among the first 30 companies to sign the CFO Statement of Support for the FSB Task Force on Climate-Related Financial Disclosures
A4S was set up by HRH The Prince of Wales in 2004, to help the global accounting and finance community consider the environment when making mainstream decisions. At its annual summit held in London on 15-16 November, A4S brought together leaders from finance and accounting to demonstrate their solidarity and commitment to action.
Coca‑Cola HBC's Group Chief Financial Officer, Michalis Imellos was one of the leaders chosen to support this move with a shared signed statement.
The Statement of Support was signed by 30 companies in front of an audience of 300 from the finance community as well as the international and business media. HRH The Prince of Wales was also in attendance.
Similarly, A4S stressed the importance of the Statement of Support, saying:
'We look to CFOs and their teams to lead the accounting community in adopting this framework, and help address significant risks to the economy and society posed by climate change.'
'At CCHBC, we encourage other companies to recognise and quantify these risks and also include same in their financial fillings as this will allow investors, customers and ultimately consumers to make informed decisions about the corporate world's role in transitioning into a sustainable economy' Mr. Imellos concludes.
You can also get involved. To do so, start by visiting A4S's post on the event.
Coca-Cola HBC AG published this content on 20 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 November 2017 12:50:07 UTC.
Original documenthttps://coca-colahellenic.com/en/media/news/coca-cola-hbc-among-the-first-to-sign-a4s-cfo-statement-of-support-for-tcfd/
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Coca-Cola HBC AG is is one of the world's leading producers and bottlers of non-alcoholic beverages (soft drinks and mineral waters). In 2023, the group provided 2,835.5 million beverage cases. Net sales break down by country as follows:
- emerging countries (46.5%): Nigeria, Romania, Bulgaria, Armenia, Yugoslavia, Bosnia and Herzegovina, Moldova, Russia, Serbia, Montenegro, Ukraine, etc.;
- industrialized countries (33%): Italy, Greece, Ireland, Austria, and Switzerland;
- developing countries (20.5%): Poland, Hungary, Czech Republic, Baltic States, Croatia, Slovenia and Slovakia.
COCA-COLA HELLENIC 
