Coca-Cola to sponsor COP27 in Egypt

Egypt’s Ministry of Foreign Affairs and Coca-Cola have signed an agreement to sponsor the UN climate change conference COP27 that will be held in Egypt next November, according to company’s announcement on 28 September.

Coca-Cola aims to explore more opportunities through the conference to build climate resilience across its business, supply chain and communities.

Moreover, the company is looking to engage with other private sector actors, NGOs, and governments to support collective action against climate change, said Michael Goltzman, global vice president of Public Policy and Sustainability at Coca-Cola.

The company is working towards its 2023 science-based target of reducing 25 percent emissions as it aims to be net zero carbon globally by 2050, the announcement mentioned.

According to the VP and general manager of Coca-Cola North Africa Ahmed Rady, he beliefs on company’s need to cooperate and conclude meaningful partnerships to create shared opportunities that serve communities around the world and in Egypt.

While, the assistant foreign minister ambassador and general coordinator for organizational and financial aspects COP27, Ashraf Ibrahim emphasised the pivotal role of the private sector in promoting sustainable business models.

Coca-Cola in Europe already has a goal to achieve net zero greenhouse gas (GHG) emissions in its entire European value chain by 2040.