Coca Cola Europacific Partners : 2023 Methodology

Coca-Cola Europacific Partners plc

2023 Sustainability reporting methodology

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What is the purpose of this document?

In this document we set out our approach to reporting, and a detailed overview of the methodology we use in calculating our data.

For details of our recent performance over the past 12 months across our key territories and against a wide variety of sustainability KPIs, please refer to our 2023 Integrated Report. The report provides detailed and transparent information about the progress we are making against the commitments and targets outlined in our sustainability action plan, This is Forward.

Who is this document for?

We aim to share our sustainability data in an accessible format. This document sets out our approach to reporting and a detailed overview of the methodology we use in calculating our data.

Contents

Our approach to reporting (page 2) Methodology

• Forward on climate (pages 3-9)
• Forward on packaging (pages 10-12)
• Forward on water (pages 13-15)
• Forward on supply chain (pages 16-17)
• Forward on drinks (page 18)
• Forward on society (pages 19-22)

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2023 Sustainability reporting methodology

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About our 2023 Integrated Report

Our 2023 Integrated Report includes reporting on progress on CCEP's This is Forward sustainability action plan.

It includes a full year of data from 1 January, 2023 to 31 December, 2023. It covers our global business operations including 13 Western European territories (Andorra, Belgium, France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden), our shared service centres in Bulgaria and our markets in Australia, Pacific and Indonesia (API), including Australia, Fiji, Indonesia, New Zealand, Papua New Guinea and Samoa. Also included are illustrative case studies and business activities from 2023.

Read more about This Is Forward here cocacolaep.com/sustainability/

Reporting structure

The 2023 Integrated Report is the primary reporting of CCEP's progress on our This is Forward sustainability action plan, including our response to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and assured key performance indicators.

We continue to listen to feedback from a broad range of stakeholders, including employees, customers, consumers, suppliers, shareholders, governments, and NGOs, to ensure progress on key sustainability issues, and how we report on it, meets their expectations.

The sustainability section of our website also includes a download centre where you can find a comprehensive collection of sustainability disclosures, including corporate sustainability group data tables, which include disclosures in line with frameworks such as Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB). Our corporate website also provides transparency on progress against our This is Forward indicators at a country level, through country-level data tables.

Reporting boundaries and standards

At CCEP, we have taken a value chain approach in considering our most significant impacts, measuring and reporting data across our value chain, beyond our own operations. Unless otherwise indicated, data covering "our own operations" includes production, sales/distribution, combined sales/ production facilities, administrative offices and fleet owned or controlled by CCEP, including our shared service centres in Bulgaria.

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. Progress against our sustainability commitments and targets will be reported each year.

Reporting data

CCEP aims to ensure that the sustainability data included in this report, which relies on various input sources, including third party information, is collated and calculated in an accurate manner. As the tools, standards and technology used in this environment continue to develop, our processes and presentation of data are regularly reviewed and updated to improve data collection and accuracy. This may result in data changes and amendments subsequent to publication. When standards for calculations, data sources or emissions factors for the current year are updated, we apply these changes retrospectively, where appropriate. Where prior year data has been restated, this has been identified clearly.

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Methodologies and boundaries

CCEP's carbon footprint is calculated in accordance with the World Resource Institute (WRI) and World Business Council for Sustainable Development (WBCSD) Greenhouse Gas (GHG) Protocol Corporate Standard, using an operational control approach to determine organisational boundaries.

GHG emissions are reported in tonnes of carbon dioxide equivalent (tonnes CO2e or tCO2e), accounting for different Global Warming Potentials (GWPs) of the different GHGs.

Assurance

Our carbon emissions have been independently assured against the ISAE 3000 (revised) standard by Ernst & Young LLP (EY) for the latest FY2023 reporting period.

Our 2022 indicators, including our GHG emissions, and our 2019 GHG baseline data were assured in 2023 by DNV. Our 2019 baseline and 2022 data was subject to external independent limited assurance by DNV for the year ended 31 December 2022, and was included within our 2022 Integrated Report and Form 20-F.

Our baseline figures for 2019 and prior years 2020-2022 have been restated to include updated emissions factors and more accurate data. These restated emissions were outside the scope of the latest independent limited assurance review by EY.

A copy of the assurance statement for these periods can be found on cocacolaep.com/

sustainability/download-centre

Note on sources of data and calculation methodologies

Under the GHG Protocol, we measure our emissions in three Scopes. We disclose the Scope 1, 2, and 3 carbon emissions of our full value chain, including all key emissions related to our production facilities, operational centres, sales offices, distribution centres, cold drink equipment (CDE), our own operated and owned transportation as well as third party distribution, business travel, ingredients and packaging. We also disclose biogenic emissions which are outside of the three WRI/WBCSD GHG Protocol Scopes. GHG emissions are reported on a gross basis, independent of any GHG trades, offsets or carbon credits.

Where we refer to our own operations, unless otherwise indicated, we are referring to our own production, sales/distribution, combined sales/production facilities, administrative offices and fleet owned or controlled by CCEP, including our shared service centres in Bulgaria.

In-scope sales volumes were based on ready to drink litre sales to CCEP customers and reflect changes as they occur based upon sales timings. Sales from distribution agreements are excluded as the GHG emissions associated with these products will be accounted for by the Brand owners. Alcohol sales volume is included if CCEP manufacture the alcohol products. Sales volumes from imports/exports from/to non-CCEP countries are excluded to avoid double-counting.

Less than 5% of our value chain carbon footprint is based on estimated emissions. This includes the site energy emissions for small leased offices where energy invoices or the square metre footage size is not available, or packaging emissions where product specifications are unavailable. We also estimate the electricity consumption for the pure electric and plug-in hybrids in our company car fleet.

2019 Baseline and recalculation methodology

Our baseline years is 2019. The acquisition of API completed on 10 May 2021. The Group and API sustainability metrics are presented on a full year basis for 2019 baselines calculated on a pro forma basis to allow for better period over period comparability.

In line with the WRI/WBCSD GHG Protocol guidance, we restate our baseline and subsequent year data when there are significant acquisitions, new emissions factors, and more accurate data. We apply a significance threshold of 5%, but also re- baseline in line with best practice, in order to retain consistency and comparability across years.

In 2024, we have restated our baseline figures for 2019 and 2020-2022 as necessary; increasing baseline and subsequent year emissions by ~350,000 tCO2e. Key changes include:

• National packaging collection rate changes in European markets, driven by new EU methodology for calculating packaging collection rates.
• Changes to SBTi boundary which now includes emissions from Category 7 and new sources of emissions for Category 1 (marketing and IT spend).
• Shifts in emissions factor source for Well-To- Tank (WTT)/Transmission and Distribution emissions.
• Shifts in emission factors for CO2 as ingredient.
• Improvements in data, and inclusion of previously non-included emissions sources.

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Definitions

Scope 1 GHG emissions sources

Includes direct owned and operated sources of emissions such as:

• Stationary combustion sources, such as Natural Gas, Diesel/Petrol fuel for back up boilers/generators and on-site shunting vehicles, light fuel oil, Liquid Petroleum Gas (LPG) for forklift trucks, Compressed Natural Gas (CNG), Non-biogenic element of biofuels such as HVO100.
• Mobile Combustion such as Diesel and Petrol for CCEP operated customer delivery, vans and car fleet.
• Fugitive emissions of refrigerants.
• Fugitive CO2 emissions from manufacturing processes (i.e. losses occurring during product carbonisation process).
• On-siterenewables including geothermal, solar, water turbine, ground source heat (listed as GHG emission sources, but zero rated in terms of carbon emissions).
• Fugitive biogas from Anaerobic Digesters.

We follow Beverage Industry Environmental Roundtable (BIER) emissions sector guidance on the emissions source for the source of the CO2 supplied to CCEP to carbonate soft drinks, and whether these are generated from fossil or biogenic sources of CO2.

Scope 2 GHG emissions - purchased electricity, heat and steam

We report Scope 2 emissions according to the GHG Protocol Scope 2 Guidance. We use the Scope 2 market based approach to report our aggregated Scope 1, 2 and 3 GHG emissions, and to set our aggregated targets.

We include indirect sources of GHG emissions from the generation of electricity, heat and steam we use at our sites.

The carbon emission factors for Scope 2 emissions are applied in terms of the two methods provided by the GHG Protocol:

1. Location based: All electricity purchased is
   converted into CO2 emissions using the average grid emissions factor for electricity in the country in which it is purchased. Energy Attribute Certificates (EAC) are not applied to the total Scope 2 emissions.
2. Market based: All electricity purchased is
   converted to CO2 using emissions factors from contractual instruments which CCEP has purchased or entered into. EACs are applied based on RE100 guidance which allows for EACs to be used against electricity consumed in the same market as where the EACs are purchased.

Any sites with no contractual instruments for renewable electricity supply will have a residual factor applied (where available), which has had renewable contractual instruments removed.

The quantity of purchased renewable electricity was verified through renewable electricity certificates such as Guarantees of Origin (GoOs) in the EU, Renewable Energy Guarantees of Origin (REGOs) in the UK, Large-scale Generation Certificates (LGCs) in Australia or Power Purchase Agreements (PPAs) from our electricity suppliers in each country and through meter readings of renewable electricity generated on site.

In 2023, we completed a review of our site renewable electricity purchases, and noted that some market based instruments were not in place for a limited number of locations in prior years 2019-2022. This included our PPA solar farm in Wakefield, Great Britain, our water turbine in Chaudfontaine, Belgium, and our purchased electricity in Iceland. We have restated our purchased and consumed Renewable Electricity figures for Wakefield and Chaudfontaine for FY2019-F2022 to reflect this.

In 2023, in line with RE100 technical guidance, we no longer use passive claims for renewable energy use in Iceland. Due to this change, in FY2023, we did not have GoOs available to cover renewable electricity purchases in Iceland. As a result, in FY2023, renewable electricity purchase and use is not claimed for Iceland, and the residual emission factor was applied.

In leased non-production facilities where we do not control the purchase of the electricity, we apply the national grid emissions factor for those sites. Where the landlord has provided evidence that they are purchasing renewable electricity on our behalf, we will report this in line with the market based approach. Emissions related to the generation of electricity for these sites are included in our Scope 2 emissions. In 2023, we used ~20,000 MWh of electricity in non-production facilities, where we do not control the purchase of electricity, or use on-site solar.

Scope 3 GHG emissions

Data is consolidated from a number of sources across our business and is analysed centrally. We use a variety of methodologies to gather our emissions data and measure each part of our carbon footprint.

CCEP uses emission factors relevant to the source data including UK Department for Energy Strategy and Net Zero (DESNZ), Australia's Department of Industry, Science, Energy and Resources factors for state-level electricity factors, and International Energy Agency (IEA) emission factors for all other grid factors at a national level.

Data sources include:

• Energy data: from metered sources, supplier invoices or calculations and estimates based on energy benchmarks published in the Best Practice Programme's Energy Consumption Guide 19 (ECON 19).
• Packaging specifications.

• Recipe data for key ingredients. If a recipe change occurs during a reporting year, it is applied for the full year sales.
• National Recycling Rates, calculated in line with our Collection Rates metric. We have restated prior year 2019-2022 rates in line with updated European methodology for calculating packaging collection rates.
• Supplier data for Recycled Content Rates.
• Consumer CO2 released from carbonated products.
• Calculations of CDE emissions are based on weighted average daily (kWh/24h) supplier energy consumption rates and by subtracting any savings achieved through carbon/energy use reduction initiatives completed during the reporting period or prior years.
• Transport fuel is calculated according to actual litres used or kilometres recorded with vehicle fuel efficiency rates provided by suppliers.
• Supply of water, treatment of wastewater and waste management are calculated by using litre and weight (kg) data respectively.
• Spend data used to calculate Category 1 purchased goods and services (Marketing and IT spend). Marketing spend includes: sales & marketing agency and services spend and trade marketing. IT spend includes fixed and mobile telecoms, IT hardware and software, and outsourced services.
• Employee headcount and job role used to calculate employee commuting data. Includes WTT assumptions.
• We have started to use supplier specific emission factors for sugar beet in Europe and will extend this to other packaging and ingredient suppliers over the coming years.

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Definitions

Emissions from biologically sequestered carbon

Scope 3 reported categories

The following Scope 3 categories are reported by CCEP in our total value chain figures, and are included in our current Science Based Targets initiative (SBTi) target boundary, representing approximately 90% of our Scope

3 emissions:

Category 1: purchased goods and services (including the packaging we put on the market, the ingredients used in our products, purchased water, IT, telecoms and sales and trade marketing spend).

Category 3: fuel- and energy-related activities not already included in Scope 1 or Scope 2 (e.g. WTT, transmission and distribution from energy supply to our sites and assets).

Category 4: upstream transportation and distribution (transportation of finished products paid for by CCEP).

Category 5: waste generated in operations (emissions from disposal of waste generated at our production facilities).

Category 6: business travel (including employee business travel by rail and air).

Category 7: employee commuting (including commuting and home working emissions).

Category 8: upstream leased assets (including the home charging of company plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV)).

Category 11: use of sold products (including CO2 emissions released by consumers, in accordance with BIER guidance).

Category 12: end of life treatment of sold products.

Category 13: downstream leased assets (including the emissions generated from the electricity used by our hot and cold drink equipment at our customers' premises).

The following Scope 3 categories are not included in CCEP's current SBTi target boundary. We will provide additional information in our 2024 CDP response, using estimated emission calculations:

Category 1: purchased goods and services (additional purchased goods and services that are not included in the column on the left).

Category 2: capital goods.

Category 11: use of sold products (including home chilling).

Category 15: investments (including investments in joint venture recycling facilities and CCEP Ventures investments).

All other Scope 3 categories (9, 10, 14) are not currently applicable to CCEP.

Methodologies and boundaries

Emissions from biologically sequestered carbon are reported outside of the three Scopes of our reported GHG emissions, in line with WRI/WBCSD GHG Protocol guidance. CO2 is used to carbonate our soft drinks, therefore we follow the BIER guidance on reporting CO2 emissions from biogenic sources for fugitive losses and release by consumers.

Our scope for reporting emissions from biologically sequestered carbon includes:

• Biofuels (such as HVO100, Bio-CNG, wood) used in vehicles and sites
• Anaerobic biogas (where CO2 is released from combustion of the biogas)
• Biofuel where blended with diesel/petrol (forecourt fuels)
• Biogenic-sourcedCO2 ingredient: we follow the BIER emissions sector guidance.

Each source of biologically sequestered carbon is calculated separately using appropriate biogenic carbon emission factors and then aggregated to provide our reported total.

Emissions from the production and transportation of biofuels are accounted for in Scope 3 as part of Category 5 WTT.

Emissions from conversion of biogenic CO2 to a higher GWP GHG are accounted for in Scope 1, (i.e. anaerobic biogas where organic material is converted to biomethane, and not all of the biomethane fully combusted and is therefore not converted back to CO2, these biomethane emissions are included under Scope 1).

CCEP uses the most up-to-date emission factors from DESNZ/DEFRA for biogenic CO2 and anaerobic biogas and for biofuels and bio- blends.

Exclusions

Emissions from carbon removals within our value chain related to biomass feedstock production for bioenergy are well below the significance threshold for CCEP, so removals have yet to be estimated. If the level of significance changes in the future, CCEP will follow the latest guidance from the GHG Protocol on accounting for removals.

Biogenic emissions from electricity generation are excluded for CCEP. Carbon conversion factors are provided by DEFRA/DESNZ for electricity in the UK grid generated by biomass power stations. However, no similar carbon factors for all other CCEP countries is available from credible or reliable sources. Therefore, to be consistent, CCEP does not report these biogenic emissions for only one of our territories. It is hoped that an international data source (e.g. IEA) will provide these conversion factors in future.

Definitions

Biogenic CO2 emissions are defined as CO2 emissions related to the natural carbon cycle, as well as those resulting from the production, harvest, combustion, digestion, fermentation, decomposition, and processing of biologically based materials. Biologically based feedstocks, also referred as "biologically sequestered carbon," are non-fossilized and biodegradable organic materials originating from modern or contemporarily grown plants, animals, or microorganisms.

Biogenic emissions are inherently accounted for in the atmosphere's natural carbon cycle. Reporting them within Scopes 1, 2, or 3 would lead to double counting of emissions, as the sequestration of CO₂ during the growth of the biomass is not accounted for in these scopes.

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Packaging

The carbon footprint of our packaging is captured in our Scope 3, Category 1 calculations. Our packaging carbon footprint is calculated using annual unit case sales volume data by country; and multiplied by standard primary, secondary and tertiary packaging specifications at a stock keeping unit (SKU) level (e.g. 500ml PET bottle in France). This also accounts for trippage (i.e. the number of re- uses) for our refillable products.

GHG emissions associated with packaging recycling content and recycling rates are also included in line with GHG Protocol as well as various Life-Cycle Analysis (LCA) methodologies.

Emissions from End of Life (EoL)

Emissions from EoL disposal of packaging by consumers is captured and included in our reported emissions from packaging in Scope 3, Category 1. Emissions for packaging that is not recycled is captured in Scope 3, Category 12. Recycling rates used for the calculations are obtained from a variety of sources; see "Primary packaging collected for recycling as a percentage of total packaging" on page 11 in this document. The impacts of recycling are included in the emission factors used to calculate the carbon from packaging.

Key Ingredients

The carbon footprint of our ingredients is captured in our Scope 3, Category 1 calculations. GHG Emissions associated with our ingredients were calculated using annual unit case sales volume data by country, multiplied by the types of ingredients at product beverage level (e.g. Diet Coke, Coca-Cola).

Ingredients included within our boundary, including our concentrate together with the top four juices (orange, apple, lemon and mango), sugar and sweeteners also used to produce our products. We only include 'other' juices for non-KO products. Emissions factors used include World Food LCA Database, EcoInvent and bespoke LCA studies.

Cold drink equipment (CDE)

CCEP owned assets (e.g. refrigerated vending and cooler machines, fountain and coffee) are located at, and operated by, third party facilities. CDE emissions are calculated using the weighted average kWh totals per equipment category, per country and applying their related country purchased electricity emission factor. Hourly electricity usage is calculated based on the provided electricity use rate associated with each type of equipment. These calculations are conservative in that they assume that the CDE is operated 24 hours a day, seven days a week.

Operations

Emissions from our operations comes from Scope 1, 2 and 3 sources, including :

• Natural gas
• On-sitediesel and petrol fuel
• Light fuel oil
• LPG - e.g. for forklift trucks

Other Scope 1 emissions sources include refrigerant losses, on-site anaerobic wastewater treatment and fugitive CO2 losses. Scope 2 sources include purchased electricity, steam and heat. A limited amount of Scope 3 sources are included in Operations figures, including those from WTT, waste and

purchased water.

Distribution and transportation

We include emissions from our own leased cars and vans, third party distribution and transportation, and business travel within our distribution and transportation emissions.

GHG emissions from our leased cars and vans, full service vending (FSV) trucks and direct store/red fleet (or local distribution) delivery trucks in relevant markets. Where these are using conventional fuels, car and van emissions are included under Scope 1. Where these cars and vans are electric vehicles (EV) and plug-in hybrid vehicles (PHEV), the electricity consumption is accounted for as Scope 3, Category 8.

Emissions from third party transportation and distribution of CCEP finished goods is reported under Scope 3, Category 4. Distance travelled information is supplied by our logistics teams and average fuel consumption rates are then applied using information from our main hauliers to calculate the quantity of fuel used. Emissions are calculated by applying CO2e conversion factors. Calculation data covers all third party transportation providers including road, rail and ship.

We also include business travel by passenger rail and air, reported under Scope 3, Category

6. Data is gathered from our corporate travel agencies, and emissions are estimated following DESNZ/DEFRA guidance and emissions factors.

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Scope 1, 2 and 3 GHG emissions

- Full value chain

Methodologies and boundaries(A)

Calculation = [Total Scope 1 GHG emissions]

• [Total Scope 2 GHG emissions (market based approach)] + [Total Scope 3 GHG emissions]

Definitions

Aggregation of Scope 1, 2 and 3 GHG emissions using the market based approach for Scope 2 emissions.

Scope 1, 2 and 3 GHG emissions

- Full value chain per litre

Methodologies and boundaries(A)

Calculation = ([Total Scope 1 GHG emissions]

• [Total Scope 2 GHG emissions (market based approach)] + [Total Scope 3 GHG emissions]) ÷ [Total volumes in scope of sales (Ready to drink litres)]

Definitions

Aggregation of Scope 1, 2 and 3 GHG emissions using the market based approach for Scope 2 emissions.

Ready to drink litres equates to the final consumption beverage volume, including diluted post-mix and Freestyle volumes.

Out of scope sales includes items such as certain brands where we only distribute the product (e.g. some products within our alcohol portfolio in API).

In 2023, less than 1% of our Europe and API reported sales volume were out of scope for GHG reporting.

.

Absolute reduction in total value chain GHG emissions (Scope 1, 2 and 3) since 2019

Methodologies and boundaries(A)

Calculation % of = ([Latest Reporting Period Scope 1, 2 and 3 GHG emissions] - [Scope 1, 2 and 3 GHG emissions]) ÷ [2019 Scope 1, 2 and 3 GHG emissions]

Definitions

Aggregation of Scope 1, 2 and 3 GHG emissions using the market based approach for Scope 2 emissions..

Relative reduction in total value chain GHG emissions (Scope 1, 2 and 3) per litre since 2019

Methodologies and boundaries(A)

Calculation % of = ([Latest Reporting Period Scope 1, 2 and 3 GHG emissions per litre] - [2019 Scope 1, 2 and 3 GHG emissions per litre]) ÷ [2019 Scope 1, 2 and 3 GHG emissions per litre]

Definitions

Aggregation of Scope 1, 2 and 3 GHG emissions using the market based approach for Scope 2 emissions.

GHG Scope 1 and 2 emissions per litre of product produced

Methodologies and boundaries(A)

Calculation = ([Total Scope 1 GHG emissions]

• [Total Scope 2 GHG emissions (market based approach)]) ÷ [Total volumes of production from CCEP production facilities (production litres)]

Definitions

Aggregation of Scope 1 and 2 GHG emissions using the market based approach for Scope 2 emissions.

Total production volume is measured in undiluted litres for all inventory produced at CCEP production facilities. Production facilities are defined as our bottling and production facilities for beverages under our operational control. This does not include externally sourced production (or "co-packed") sites or sites from which we source finished packaged goods.

Metric units are reported as gCO2e/litre.

GHG emissions (Scope 1 and 2) per euro of revenue

Methodologies and boundaries(A)

Calculation = ([Total Scope 1 GHG emissions]

• [Total Scope 2 GHG emissions (market based approach)]) ÷ [Total sales revenue (Euros)]

For CCEP, "UK and UK offshore" equates to our operations in Great Britain.

Definitions

Aggregation of Scope 1 and 2 GHG emissions using the market based approach for Scope 2 emissions.

Metric units are reported as gCO2e/€.

Tonnes of CO2e offset through carbon credits

Methodologies and boundaries

Calculation = Total amount of certificates of Verified Carbon Units retired within the reporting period

All centrally purchased carbon credits are within scope.

Calculation tonnes of offsets are based upon assessed values as provided on carbon credit certificates.

Total tonnes of CO2e offsets are based upon retired carbon credit certificates.

Definitions

Carbon offset credits are defined as centrally purchased certified carbon credits (e.g., Gold Standard or Verra/VCS). These credits are purchased and certificates are retired centrally.

In 2022, CCEP purchased approximately 100,000 tCO2e of carbon credits, which we plan to retire against our carbon neutral sites in FY2023 and FY2024.

Please note that CCEP's GHG emissions are reported on a gross basis, independent of any offsets or carbon credits.

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Manufacturing energy use ratio

Direct energy consumption (Scope 1 and Scope 2)

Percentage of electricity purchased that comes from renewable sources

Methodologies and boundaries

Calculation of ratio = [Total of all energy consumed (MJ) at production facilities] ÷ [Total volumes of production from CCEP production facilities (production litres)]

CCEP's manufacturing energy use ratio is calculated in line with The Coca-Cola Operating Requirements (KORE). All beverage production facilities calculate manufacturing energy use ratio (non-alcoholic ready to drink, breweries and distilleries) as well as coffee related facilities (Grinders coffee).

Where CCEP have joint ventures with recycled PET sites and PET pre-form sites, these are not included.

Geothermal is excluded from our energy consumed (MJ) at production facilities in Great Britain and Belgium as this is an estimated usage.

Anaerobic biogas and CHP electricity output are excluded.

Definitions

This includes the use of electricity, diesel, natural gas as well as other fuels used, where used in our manufacturing operations (e.g. heating, forklift trucks). The fuels used in our distribution fleet (e.g. diesel used in our trucks and vans) are not captured in the manufacturing energy use ratio.

Total production volume is measured in undiluted litres for all inventory produced at CCEP production facilities. Production facilities are defined as our bottling and production facilities for beverages under our operational control. This does not include externally sourced production (or "co-packed") sites or sites from which we source finished packaged goods.

Metric units are reported as MJ/litre.

Methodologies and boundaries

Total energy consumption within the organisation = Total of:

• Non-renewablefuel consumed
• Renewable fuel consumed
• Electricity
• Imported heat and steam
• Self-generatedelectricity which is consumed by CCEP
• Mobile combustion (litres of diesel and petrol converted into kWhs) for CCEP owned and leased vehicles
• Less any electricity, heating, cooling, and steam sold

For CCEP, "UK and UK offshore" equates to our operations in Great Britain.

Definitions

Energy consumption is based upon procurement data from each site, supported by monthly invoices. We report fuel consumption by fuel type using the environmental management system (Integrum). Data is captured as part of our carbon calculation model. Energy and fuel consumption data is collected and converted using local conversion factors to convert fuel to kWh.

Methodologies and boundaries

Calculation = [Quantity of electricity purchased (in MWh) from renewable sources] ÷ [Total electricity purchased]

Our production facilities, distribution sites, warehouse sites and office sites are in scope.

Purchased electricity includes centrally procured electricity bundled or unbundled with Energy Attribute Certificates (EAC), leased asset solar and water turbines and Power Purchase Agreements (PPAs).

Definitions

The quantity of renewable electricity was verified through renewable electricity contracts, EACs, such as Large-Scale Generation Certificates (LGCs) in Australia or PPAs from our electricity suppliers in each country, and through meter readings of renewable electricity generated on site. EACs (such as REGOs / GoOs / LGCs / RECs) are applied based on RE100 technical guidance which allows for EACs to be used against electricity consumed in the same market as where the EACs are purchased (e.g. Norway GoOs being used in Germany).

Any sites with no contractual instruments for renewable electricity supply will have a residual factor applied (where available) which has had renewable contractual instruments removed. Figures in this calculation are based solely on the amount of electricity that CCEP purchases.

Total renewable electricity is reported in MWh. The energy data purchased is calculated based on direct measurement of electricity purchases (i.e. invoices and meter readings).

In 2023, we completed a review of our site renewable electricity purchases, and noted that some market based instruments were not in place for a limited number of locations in prior years 2019-2022. This included our PPA solar farm in Wakefield, Great Britain, our water turbine in Chaudfontaine, Belgium, and our purchased electricity in Iceland. We have restated our purchased and consumed Renewable Electricity figures for Wakefield and Chaudfontaine for FY2019-F2022 to reflect this.

In 2023, in line with RE100 technical guidance, we no longer use passive claims for renewable electricity use in Iceland. Due to this change, in FY2023, we did not have GoOs available to cover renewable electricity purchases in Iceland. As a result, in FY2023, renewable electricity purchase and use is not claimed for Iceland, and the residual emission factor was applied.

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Percentage of electricity consumed that comes from renewable sources

Percentage of carbon strategic suppliers having targets approved by the Science Based Targets initiative (SBTi)

Methodologies and boundaries

Calculation = [Quantity of electricity consumed (in MWh) from renewable sources] ÷ [Total electricity consumed (in MWh)]

Our production facilities, distribution sites, warehouse sites and office sites are in scope.

This includes centrally procured electricity bundled or unbundled with Energy Attribute Certificates (EACs), on-site solar, leased asset solar and water turbines and PPAs, as well as owned assets (solar facilities).

Definitions

The quantity of renewable electricity was verified through renewable electricity contracts, EACs, such as LGCs in Australia or PPAs from our electricity suppliers in each country, and through meter readings of renewable electricity generated on site. EACs (such as REGOs / GoOs / LGCs / RECs) are applied based on RE100 technical guidance which allows for EACs to be used against electricity consumed in the same market as where the EACs are purchased (e.g. Norway GoOs being used in Germany).

Figures in this calculation are based solely on the amount of electricity that CCEP consumes (i.e. purchased electricity, self-generated electricity and electricity supplied via a lease agreement).

For non-production sites where we do not control the electricity purchasing, standard grid electricity is consumed. Emissions related to the generation of electricity for these sites are included in our Scope 2 emissions. This is the main driver for the difference between our consumed renewable electricity percentage and purchased renewable electricity percentage.

In 2023, we completed a review of our site renewable electricity purchases, and noted that some market based instruments were not in place for a limited number of locations in prior years 2019-2022. This included our PPA solar farm in Wakefield, Great Britain, our water turbine in Chaudfontaine, Belgium, and our purchased electricity in Iceland. We have restated our purchased and consumed renewable electricity figures for Wakefield and Chaudfontaine for FY2019-FY2022.

In 2023, in line with RE100 technical guidance, we no longer use passive claims for renewable electricity use in Iceland. Due to this change, in FY2023, we did not have GoOs available to cover renewable electricity purchases in Iceland. As a result, in FY2023, renewable electricity purchase and use is not claimed for Iceland, and the residual emission factor was applied.

In API across multiple locations including Australia, Indonesia and Fiji we have on-site solar capacity. This helped our percentage of electricity consumed that comes from renewable sources exceed our percentage of electricity purchased that comes from renewable sources.

Methodologies and boundaries

Calculation = [Total number of carbon strategic suppliers with SBTi approved science based targets] ÷ [Total number of carbon strategic suppliers]

SBTi targets are clearly-defined, science based pathways for companies to reduce GHG emissions, which have been reviewed and validated by the SBTi. The SBTi target can be near-term,long-term or a Net Zero target. Approved targets are those that have been approved/validated by the SBTi, and there is evidence to support this on the SBTi website, or through an SBTi validation letter.

Suppliers with a 'committed' status are excluded from the total number of carbon strategic suppliers with SBTi approved science based targets, however we do track this list of suppliers separately. Suppliers whose SBTi target status is 'committed' have made a commitment to set a science based target aligned with the SBTi's target-setting criteria within 24 months. Additionally, we count Small and Medium sized Enterprises (SME) as 'committed' if they inform us of their plans to submit the SME Target Setting Form by target year date.

A business with a group science based target approved by the SBTi can consist of various legal entities or operational divisions. Where these divisions operate independently, akin to individual suppliers in their dealings with CCEP, they are designated as independent carbon strategic suppliers for the purpose of this metric. As a result, several different carbon strategic suppliers may form part of the same group associated with a singular approved group SBTi science based target.

Definitions

Carbon strategic suppliers are defined at the start of the reporting period for Europe and API. All carbon strategic suppliers are directly managed and influenced by our procurement teams. The list of carbon strategic suppliers represents 80% of prior period Scope 3 GHG emissions.

For 2023, CCEP carbon strategic suppliers totaled approximately 200 suppliers.

Carbon strategic suppliers has been defined according to the following methods for Europe and API:

Categories of carbon strategic suppliers:

Packaging and ingredients: GHG emissions for each sub-category (e.g. aluminum, glass, sugar, etc.) are used to select suppliers. The subcategory types are ranked in descending order of absolute GHG emissions. Then for each sub- category, suppliers are ranked by weight of annual purchased quantities and selected until at least ~90% coverage is established within each sub-category. This is repeated across the ranked sub-categories of packaging and ingredients until approximately 80% of GHG emissions are covered by the selected suppliers.

Third party transportation: For third party transportation suppliers are ranked by spend and selected until approximately 80% coverage is established.

CDE: We select the suppliers who are linked to approximately 80% of equipment in the market.

Other suppliers: We also include a specific selection of suppliers outside of the categories above due to their significance within our decarbonisation plan (e.g. an energy provider). In 2023, there were fewer than 8 suppliers within this 'other suppliers' category.

Coca-Cola Europacific Partners plc

2023 Sustainability reporting methodology

10

Methodologies and boundaries

Calculation = [Total volumes of sales of products qualifying as recyclable (Unit cases)] ÷ [Total volumes of sales (Unit cases)]

This indicator refers to our primary packaging that is used by the end consumer and includes bottles and closures, cans, beverage cartons and pouches.

It is calculated based upon the definition of recyclability according to Ellen MacArthur Foundation that; "a packaging or packaging component is recyclable if its successful post- consumer collection, sorting, and recycling is proven to work in practice and at scale.

A unit case equals approximately 5.678 litres or 24 eight ounce servings, a typical volume measure used in our industry.

Our packaging data is representative of the material specifications, as of 31 December in each reporting period.

Note that in 2023 national packaging collection rate used for recyclable criteria changed in European markets, driven by new EU methodology for calculating packaging collection rates. The percentage of all primary packaging that is recyclable disclosed for Europe for 2022 has not been restated.

For details on how we calculated this metric for prior year from 2019-2022 see our 2022 Sustainability reporting methodology document on cocacolaep.com/ sustainability/download-centre/

Definitions

Packaging can be considered to be "recyclable" when one of the follow criteria is met:

• Reusability: If more than 70% of the packaging material by weight can be separated and effectively reused in another application, it meets the criteria for reusability. For example, in aseptic fiber packaging consisting mainly of paper with components like aluminium, glue, and plastic, the paper portion can be isolated and repurposed. Reusability also includes a recycling process where materials are transformed into new products of alternative use or functionality compared to the original product.
• Effective recycling at scale: a packaging type is considered recyclable if it is widely collected and effectively recycled across a cumulative geography of 400 million consumers. The extent of recycling is determined not just by the type of packaging but also by the available collection and recycling infrastructure. 'Effectively recycled' means that the packaging is transformed into a raw material for use in a new application.
• Accessibility of collection: Packaging is considered to be collected at scale if at least 65% of the population has access to recycling collection facilities. This threshold of 65% is what CCEP would regard as a minimum standard in its markets, barring any stricter local regulations.
• Local recycling rates are met: On a local scale, if at least 30% of the packaging introduced to the market is effectively recycled, the packaging is deemed recyclable. This assessment is based on the actual recycling performance of the packaging material within the local market.

Our preference is for beverage packaging to be converted into secondary raw material that can be used again in beverage packaging (i.e. bottle to bottle). At present some of our packs are recycled into other materials (such as fibre, plastic strapping, etc.). These are also deemed recyclable under our definitions. Over time, we will aim for all our materials to be recycled into either new beverage packaging, or have multiple use cycles.

Packaging which can only be sent for incineration with or without energy recovery or sent to landfill is not considered to be recyclable by CCEP.