The Coca-Cola Company keeps on putting resources into its core maintainability needs – which line up with the United Nations Sustainable Development Goals (SDGs) – in the midst of the COVID-19 pandemic.
Seventy five years ago, 46 countries assembled to sign the United Nations sanction to help modify after the pulverization of World War II.
After the 75 years, the world actually needs a true global forum where government, business and common society can meet up to together face the greatest challenges confronting the world, including environmental change, resource shortage, gender fairness and social equity.
Coca Cola has subsequently found a way to elevate racial fairness and to address fundamental bigotry in the United States, including vowing to spend a gradual $500 million with Black-owned organizations throughout the next five years, on top of its recently expressed objective to go through $1 billion with diverse suppliers by 2020.
The company has promised that they will do their part to tune in, learn and act, by making a difference in community and within the company by activating their set of experiences of progressing civil rights.
The Coca-Cola Company assesses all the 17 SDGs and spotlights its actions on where it can have the greatest impact as a team with partners. The priority is to emerge from the crisis stronger in terms of business fundamentals, sustainability results and stakeholder engagement.
In this seasons of Covid, the company has kept on moving the needle against a few key needs, including water leadership through partnerships that have provided more than 10.6 million people with access to clean water since 2010.
Coca-Cola has just joined the UN Global Compact Water Resilience Coalition in partnership with WaterAid to impel admittance to clean water to the top of the corporate plan, post-COVID.
The company additionally joined Business for Nature’s Call to Action to encourage governments to find a way to ensure the world’s natural resources.
Coca-Cola continues to drive its World Without Waste vision to collect a bottle or can for every one it sells globally – along with ensuring packaging is fully recyclable and using more recycled content.
While the coronavirus has impacted recycling collection rates – and low oil prices have made virgin plastic cheaper than recycled plastic – Coca-Cola has worked with suppliers and partners to drive availability of recycled plastic.
In March 2020, Coca-Cola Beverages Philippines consented to an arrangement with their Thai-based partners Indorama to build up PETValue, the largest bottle-to-bottle recycling facility in the country, able to process almost 2 billion plastic bottles per year. The partners are investing alongside the company to build the circular economy, even during a pandemic.
The company was a debut investor in Circulate Capital, an investment firm devoted to financing companies, infrastructure and innovation that prevent the flow of plastic waste into the world’s oceans.
The fund has raised more $100 million to date and, in April, announced its first two investments: a company in India that turns difficult-to-manage flexible plastics into high-quality recycled plastic granules, and a female-led company in Indonesia specializing in recycling PET bottles into rPET flakes, which are used to manufacture other packaging and textiles.
