Budapest, 23 March 2022 – Coca-Cola Hungary has reached another milestone on the road to a World Without Waste: the company is replacing the previous shrink foil used for its multipacks of 4 and 6 aluminium cans, with the 100 percent recyclable and innovative KeelClip^TM cardboard packaging technology.

Instead of shrink foil, KeelClip™ technology uses a strong cardboard lid to hold the aluminium cans sold in 4 and 6-packs together. The cover is made of recyclable cardboard that the consumers can use conveniently. With the investment of more than 800 million forints (2,3 million euros), the company will reduce its plastic usage in Hungary by nearly 230 tons per year.

„We have improved the packaging of our soft drinks many times in the past few years to enable us to introduce more sustainable solutions. Thanks to our packaging innovations, the amount of plastic needed to make our PET bottles has been reduced by 20 percent in recent years, since 2020 we are using nearly 170 tons less aluminium per year for of our aluminium cans, and we have also reduced the amount of our secondary packaging materials. Developing innovative packaging solutions is also an important part of our strategy: we have recently introduced our paper bottle prototype and the KeelClip^TM technology, which is now being introduced, is also a part of this initiative. With the introduction of KeelClip^TM we are taking another important step closer to a World Without Waste.” – said László Békefi, the Managing Director of Coca-Cola HBC Hungary.

The raw material of the 100 percent recyclable cardboard used for KeelClip^TM packaging comes from a sustainable, responsible forestry and certified by the Forest Stewardship Council (FSC), which guarantees that the marketed products meet the requirements of environmentally and socially responsible production and manufacturing.

With the investment of 15 million euros by the Coca-Cola HBC Group and with the introduction of KeelClip^TM packaging innovation for The Coca-Cola Company-owned brands in all of its markets in the European Union, the plastic usage will be reduced by approximately 2000 tons per year at Group level.

Photos: https://drive.google.com/drive/folders/1sbi3XskuosjjVT2Fn-3EDUChad-qCpmu?usp=sharing

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Juli Szegedi                                                                                          György Márton

+36303385434                                                                                    +36209312233

julia.szegedi@lwp.hu                                                                         martongyorgy@lwp.hu

Coca-Cola Hungary

Coca-Cola has been present in Hungary since 1968, the company’s domestic production began in 1996. So far the Coca-Cola Hungary has invested 120 billion forints in Hungary.

The Coca-Cola Company is a beverage company producing a full portfolio of soft drinks, which markets more than 500 carbonated and non-carbonated brands in more than 200 countries around the world. The company is continuously shaping its portfolio, reducing the sugar content of its products and making significant efforts to reduce its ecological footprint by recovering the water used in beverage production, making improvements in packaging technology and promoting recycling.

The bottler of Coca-Cola Hungary is Coca-Cola HBC Hungary, a company that operates twp bottling plants in Hungary, employs 1,050 people and provides jobs for nearly 13,000 people in its entire operations. The company is one of the largest one of the most important Hungarian food processing companies, it exports its products to 26 countries. Nearly two-thirds of the raw materials used to make soft drinks are provided by domestic suppliers.

Thanks to the continuous product development over the past years, Coca-Cola HBC Hungary now offers more than 100 types of non-alcoholic beverages to its consumers: carbonated soft drinks (Coca-Cola, Coca-Cola light, Coca-Cola zero, Coca-Cola lemon, orange and vanilla, Fanta, Fanta zero, Sprite, Sprite zero, Kinley, Royal Bliss), natural mineral waters (NaturAqua), flavoured waters (NaturAqua Emotion, Aquarius), innovative water drinks (Smartwater), juices, nectars and fruit drinks (Cappy, Cappy Pulpy, Cappy Junior, Cappy Lemonade, Cappy+), ice teas (FuzeTea, FuzeTea zero), sport drinks (Powerade), energy drinks (Monster, Burn) and plant-based drinks (AdeZ) are also part of the portfolio. As of May 2020, the company’s product portfolio includes the Rainforest Alliance certified premium Costa Coffee, and this year its offering has already been expanded with the Caffé Vergnano brand. The company also sells premium spirits, including Rézangyal, Jack Daniel’s, Finlandia, Bacardi, The Famous Grouse and Campari.

Our newest member is  Equilor Corporate Advisory Zrt. founded in 2016,  represented by Svoób Ágnes, with HUF over 218 million sales revenue with 12 employees for 2020. Equilor Corporate Advisory Zrt. Provides a full range of financial advisory services to domestic and regional medium and large companies. Their main focus is on financing strategy, M&A transactions, various capital market solutions, market and company valuation, and corporate strategy.

Equilor Corporate Advisory Zrt. Is committed to the development and operation of the green financial system in Hungary and intends to take an active part in the related processes. Their environmental responsibility, the promotion of green finance products among their customers, through which projects with sustainability in mind are implemented – for example through a green bond. The company’s climate protection objectives can be divided into two parts. On the one hand, they are trying to minimize the environmental footprint of their own operations, with the biggest breakthrough being the consolidation of hybrid work and the holding of a significant portion of business negotiations online. In addition, their company operates in a modern, energy-efficient office building, the car park has electric quick chargers, and waste is collected selectively by workers.

The primary legal source for respect for human rights and fundamental human values ​​is the employment contract, which fully complies with the Labor Code.

The aim of their membership is to enable them to participate as actively as possible in thinking together about the sustainable development of the economy, with the highest added value. Equilor Corporate Advisory Zrt. Is committed to achieving its goals, and through their membership they want to participate in as many professional events as

Our newest member is SolServices Kft. Founded in 2017, represented by Gábor Farkas Dr. with HUF over 730 million sales revenue with 19 employees for 2020.

The company contributes to the achievement of the carbon-neutral energy objectives of Hungary and the European Union by developing high-performance large-scale solar parks. In the last few years, SolServices has developed and permitted a total of more than 700 megawatts of photovoltaic solar power plants in Hungary, becoming the largest player in the sector. The company’s first own solar park with the capacity of almost 140 MWs will be completed by the end of 2022. Lumen Park Szolnok will be one of the largest solar parks in the country, designed and built in line with the environmentally friendly principles.

SolServices Kft. works on the dissemination of energy production based on renewable energy sources, keeping in mind the criteria of sustainability and the development objectives of the future’s modern Hungarian energy industry. In addition to its core business, the company considers it important to take an active role in environmental responsibility, primarily through its educational and research activities.

The core business of the company is extremely important for sustainability, but they also pay attention to the fact that the principles of sustainability are considered not only in the goal, but also in every step of the way to it. It is considered important to share the professional experience gained so far, which is why the company’s first professional compass document was created to support the development and operation of environmentally friendly solar parks.

In 2020, the company prepared and implemented its Environment and Social Policy Statement within the organization, which always sets out not only the commitment to the principles of sustainability, but also the voluntary commitments to respect fundamental human rights and values.

The purpose of their membership is, among other things, to find opportunities for professional cooperation, to share and collect good practices, to build relationships with like-minded partners, as well as to share research results and professional experience.

With two thousand and three hundred employees, it is one of the largest employers in the country, currently serving two hundred and thirty thousand customers. For two decades, the company has been committed to providing economic and financial education to its customers and to supporting local communities through a wide range of social causes, which is why in 2008 it launched the Családi Kasszasikerek Programme, which provides Hungarian families with modern financial education and develops households’ self-care skills. Since its launch, Provident has implemented 50 successful educational programmes, which have helped 30 000 families and 300 social workers, cultural workers and educators to improve their financial literacy.

Understanding and managing our finances is an essential part of our daily lives. In order to be able to make responsible decisions in everyday life and in circumstances that require serious reflection, it is important to be aware of our financial situation and to monitor our income and expenditure.

For this purpose, Provident has produced a Family Budgeting Booklet 2022 to help with planning finances throughout the year. This booklet will be delivered personally by the company’s advisers to around 50,000 families in March to help them use it. The aim of the initiative is to ensure that by the end of 2022, as many families as possible will be able to show savings so that an unexpected expense does not put them in a difficult situation. The company believes that it can contribute to the development of financial awareness and planning among Hungarian families through such real, socially impactful programmes.

MagNet Bank has committed to planting an additional 10,000 saplings in 2022 to enhance its impact on carbon neutralization and forest planting.
The second phase of the Bank’s commitment – made in the spring of 2019 – was successfully completed in November 2021. According to the 1 customer = 1 tree commitment, it has pledged to plant 40,000 trees in two phases between 2019 and 2021, in line with the volume of its total customer base.  The 40,000 saplings were planted in the Pusztai Tölgyesek forest area in Nagykőrös and in the Ócsai Landscape Protection Area of the Duna – Ipoly National Park, with the help of the Erdőmentők (Forest Rescue) Foundation.  At the end of the first two-year phase, the Foundation certified the initiative’s measurable positive impact on carbon neutralisation. The Bank hopes that more and more players in the banking sector will commit to planting not only trees on behalf of their new customers, but the planting volume will be based on their current customer base.