Coca-Cola Releases 2014/2015 Sustainability Report
July 28 2015 - 9:30AM
Business Wire
Report Highlights Progress on Comprehensive
2020 Sustainability Goals with a Focus on Women, Water and
Well-being
The Coca-Cola Company today released its 12th annual
Sustainability Report highlighting progress made in 2014 against
the Coca-Cola system’s 2020 sustainability goals.
“At Coca-Cola, we’re committed to integrating sustainability
into the very heart of the enterprise, where our efforts create
value for our shareowners and the communities we proudly serve,”
said Bea Perez, Chief Sustainability Officer at The Coca-Cola
Company. “We believe the majority of innovation over the next
decade will happen at the intersection of sustainability and the
supply chain. Working together with our bottling partners to
empower women, better manage water resources and
promote well-being gives us
new opportunities to build business resiliency and add
value across our system.”
The report follows the Company’s sustainability framework – “Me,
We, World” – and is rooted in three leadership priorities:
- Women: 5by20™, one of our value chain
innovations continues progress in its commitment to enable the
economic empowerment of 5 million women entrepreneurs by 2020. As
of Dec. 31, 2014, our 5by20 programs had helped enable nearly
865,000 women in 52 countries since the program launched in
2010.
- Water: We are also building business
resiliency through our water stewardship efforts. In 2014, we
replenished an estimated 94 percent (a calculated estimate of 153.6
billion liters) of the equivalent amount of water used in our
finished beverages worldwide (based on 2014 sales volume) through
209 community water partnership projects in 61 countries. The
foregoing is a global, aggregate number. The replenishment
figure for individual countries may vary and/or be more or
less.
- Well-being: The Coca-Cola system continues
its work to meet global business commitments to promote well-being
and to help address the public health challenge of obesity. In
2014, Coca-Cola introduced more than 400 new beverage options, more
than 100 of which are reduced-, low- or no-calorie and we supported
more than 330 active, healthy living programs in 112 markets.
The report also updates other areas of progress, including
efforts to reduce the carbon footprint of the “drink in your hand”
by 25 percent and to sustainably source key agricultural
ingredients globally by 2020. In addition, through the end of 2014,
Coca-Cola had distributed more than 30 billion fully recyclable
PlantBottle™ packages across nearly 40 countries since the program
launched in 2009.
The 2014/2015 Sustainability Report demonstrates The Coca-Cola
Company’s commitment to continuous improvement, increased
disclosure, risk assessment and expanded stakeholder engagement.
This year, the Company developed the report at the Core In
Accordance level of the GRI G4 guidelines. Ernst & Young LLP, a
registered public accounting firm, provided independent external
assurance on sustainability indicators related to low- or
no-calorie beverages, active, healthy living programs, water use
ratio, PlantBottle™ packaging, lost-time incident rate,
front-of-pack labeling compliance, and greenhouse gas emissions
related to our manufacturing activities.
To view The Coca-Cola Company’s 2014/2015 Sustainability Report,
please visit www.coca-colacompany.com/sustainability.
About The Coca-Cola
Company
The Coca-Cola Company (NYSE: KO) is the world's
largest beverage company, refreshing consumers with more than 500
sparkling and still brands. Led by Coca-Cola, one of the
world's most valuable and recognizable brands, our Company's
portfolio features 20 billion-dollar brands including Diet Coke,
Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade,
Minute Maid, Simply, Georgia and Del Valle. Globally, we are the
No. 1 provider of sparkling beverages, ready-to-drink coffees, and
juices and juice drinks. Through the world's largest beverage
distribution system, consumers in more than 200 countries enjoy our
beverages at a rate of 1.9 billion servings a day. With an
enduring commitment to building sustainable communities, our
Company is focused on initiatives that reduce our environmental
footprint, support active, healthy living, create a safe, inclusive
work environment for our associates, and enhance the economic
development of the communities where we operate. Together with
our bottling partners, we rank among the world's top 10 private
employers with more than 700,000 system associates. For more
information, visit Coca-Cola Journey at
www.coca-colacompany.com, follow us on Twitter
at twitter.com/CocaColaCo, visit our blog,
Coca-Cola Unbottled, at www.coca-colablog.com or
find us on LinkedIn at
www.linkedin.com/company/the-coca-cola-company.
The Coca-Cola Company Forward Looking
Statements
This press release may contain statements, estimates or
projections that constitute “forward-looking statements” as defined
under U.S. federal securities laws. Generally, the words “believe,”
“expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and
similar expressions identify forward-looking statements, which
generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause
actual results to differ materially from The Company’s historical
experience and our present expectations or projections. These risks
include, but are not limited to, obesity concerns; water scarcity
and poor quality; evolving consumer preferences; increased
competition and capabilities in the marketplace; product safety and
quality concerns; perceived negative health consequences of certain
ingredients, such as non-nutritive sweeteners and
biotechnology-derived substances, and of other substances present
in our beverage products or packaging materials; increased demand
for food products and decreased agricultural productivity; changes
in the retail landscape or the loss of key retail or foodservice
customers; an inability to expand operations in emerging and
developing markets; fluctuations in foreign currency exchange
rates; interest rate increases; an inability to maintain good
relationships with our bottling partners; a deterioration in our
bottling partners' financial condition; increases in income tax
rates, changes in income tax laws or unfavorable resolution of tax
matters; increased or new indirect taxes in the United States or in
other major markets; increased cost, disruption of supply or
shortage of energy or fuels; increased cost, disruption of supply
or shortage of ingredients, other raw materials or packaging
materials; changes in laws and regulations relating to beverage
containers and packaging; significant additional labeling or
warning requirements or limitations on the availability of our
products; an inability to protect our information systems against
service interruption, misappropriation of data or breaches of
security; unfavorable general economic conditions in the United
States; unfavorable economic and political conditions in
international markets; litigation or legal proceedings; adverse
weather conditions; climate change; damage to our brand image and
corporate reputation from negative publicity, even if unwarranted,
related to product safety or quality, human and workplace rights,
obesity or other issues; changes in, or failure to comply with, the
laws and regulations applicable to our products or our business
operations; changes in accounting standards; an inability to
achieve our overall long-term growth objectives; deterioration of
global credit market conditions; default by or failure of one or
more of our counterparty financial institutions; an inability to
timely implement our previously announced actions to reinvigorate
growth, or to realize the economic benefits we anticipate from
these actions; failure to realize a significant portion of the
anticipated benefits of our strategic relationships with Keurig
Green Mountain, Inc. and Monster Beverage Corporation; an inability
to renew collective bargaining agreements on satisfactory terms, or
we or our bottling partners experience strikes, work stoppages or
labor unrest; future impairment charges; multi-employer plan
withdrawal liabilities in the future; an inability to successfully
integrate and manage our Company-owned or -controlled bottling
operations; an inability to successfully manage the possible
negative consequences of our productivity initiatives; global or
regional catastrophic events; and other risks discussed in our
Company’s filings with the Securities and Exchange Commission
(SEC), including our Annual Report on Form 10-K for the year ended
December 31, 2014 and our subsequently filed Quarterly Report on
Form 10-Q, which filings are available from the SEC. You should not
place undue reliance on forward-looking statements, which speak
only as of the date they are made. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements.
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The Coca-Cola CompanyErin Caffrey, +01-404-676-2683
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