The 2023 Footprint Drinks ESG Trends Report, in association with Coca-Cola Europacific Partners, identifies key trends and opportunities to help drinks industry leaders build their businesses, develop proactive strategies, benchmark good practice and identify issues in need of greater attention.
These are challenging times for the hospitality sector. Skyrocketing energy costs, soaring food prices and a squeeze on household incomes have combined to create a perfect storm of difficult trading conditions.
For many businesses that have so far survived the combination of punches thrown first by the pandemic and then the cost of living crisis, profitability is in peril.
In this context, it’s tempting to conclude that the development and execution of ESG strategies could take a back seat as businesses try to ride out the economic storm and their customers deprioritise sustainability in their purchasing decisions.
Yet there is evidence that sustainability is now too embedded to be side-lined. The landscape has shifted amid the growing realisation among businesses that sustainability and cost efficiency are two sides of the same coin.
Whether it is brewers generating their own renewable energy; drinks suppliers innovating to reduce or remove packaging; or bar owners using cutting edge technology to monitor their water usage, the dominant trend identified in the Footprint Drinks ESG Trends Report 2023 is for businesses to channel their ESG ambitions into reducing costs and driving efficiencies.
View the Preview of the report here. As well as a presentation of the report’s findings and anecdotes, this preview features a keynote and panel session featuring a number of the report’s contributors.
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