At Coca‑Cola HBC, we are fully committed to conducting all our business activities with integrity and respect. Our dedication to creating and fostering our culture of integrity further builds our reputation as being a trusted and respected corporate citizen.

Zoran Bogdanovic, CEO, Coca‑Cola HBC

Last year we have introduced our new set of 2025 sustainability commitments, which are clustered in six pillars, i.e. emissions reduction; water reduction and stewardship; World Without Waste; sustainable sourcing; nutrition; as well as our people and communities.

We are building our strategic sustainability agenda against the backdrop of our strong heritage in this area. Our related achievements are the basis for our continued leadership position in the most recognized CSR benchmarks, e.g. Dow Jones Sustainability Index, CDP Climate & Water, FTSE4Good and MSCI.

In 2019, we will update our Code of Business Conduct (COBC) and Anti-bribery Policy. Our primary aim is to make these policies speak directly to our employees in a short and easy-to-understand language about reallife challenges. Our new COBC will be the central theme of our 2019 Ethics and Compliance Week. We will also continue to simplify our processes and leverage technology in how we run all our compliance programs, including COBC, Anti-Bribery, Data Protection and Sanctions.

Internal Control Framework

We have successfully completed the review of the effectiveness of our Internal Control Framework, in accordance with the UK Corporate Governance Code requirements, for the year 2018. The review covered all material financial, operational and compliance, including information technology controls, and resulted in no significant weakness.

Tone at the Top

As always, our company is committed to meeting the highest standards of corporate governance. The strong governance we have all demonstrated throughout the year and our commitment to best practices are critical factors for achieving our strategic goals and strengthening the trust of our stakeholders.

We are all committed to maintaining our excellent Internal Control environment and to ensuring that all our corporate governance standards and systems continue to operate in line with international best practices. Our people and culture are the key enablers which ensure the success of our business in the long term. Ensuring that we all live and act by our values and that we continue to have a strong sense of ownership of our work will help us achieve this success.

Thank you for your commitment and dedication to our strong corporate governance culture and for always maintaining the right Tone at the Top.