Coca-Cola is a multinational corporation with its headquarters in Atlanta, Georgia, that was established

under the common laws of Delaware and deals in concentrates and syrups for soft drinks. John Smith
Pemberton, a pharmacist, founded the business in 1886. The largest nonalcoholic beverage
manufacturer in the world is The Coca-Cola Company. More than 500 nonalcoholic beverage brands that
are owned, marketed, or licensed by Coca-Cola fall into the following categories: sparkling soft drinks,
water, enhanced water, sports drinks, juice, dairy, and plant-based beverages, tea and coffee, and
energy drinks. Four of the top five soft drink brands in the world are owned and marketed by the
company: Coca-Cola, Diet Coke, Fanta, and Sprite. With a network of 225 bottling partners, Coca-Cola
products are sold in more than 200 countries and territories. Independent partners and distributors—
commonly referred to as "bottlers"—conduct the actual production of Coca-Cola's brands.

Operating Segments

The Company's operating structure is the basis for its internal financial reporting. As of December 31,
2018, the operating structure included the following operating segments.

• Europe, Middle East and Africa

• Latin America

• North America

• Asia Pacific

• Bottling Investments

Coca Cola company is listed on the New York stock exchange as KO

Chairman & CEO Message

The following is an excerpt from the introductory letter of CEO James Quincy in Coca Cola’s 2021
Business & Environmental Social and Governance report.

“Our system’s strength and resilience have helped us adapt while remaining true to our purpose: to
refresh the world and make a difference… Together, we’re using our global presence to build a more
sustainable future for our business and the planet while staying laser-focused on growth. In 2021, our
networked way of working drove strong results, and I’m proud of what we’ve achieved.” (Coca Cola,
2022)

Mission and Value statement

Mission:

Refresh the world. Make a difference.

Vision:

Our vision is to craft the brands and choice of drinks that people love, to refresh them in body & spirit.
And done in ways that create a more sustainable business and better shared future that makes a
difference in people’s lives, communities and our planet.
Coca-Cola intends to refresh the body through its products and also make a difference by acting
environmentally responsible through its sustainable business, according to its mission and values
statement.

Key facts and figures concerning most important CSR efforts and their progress

Water Leadership

An approach to water replenishment that is realistic is the foundation of Coca-Cola's water security
strategy. The business has been a steadfast supporter of sensible water regulations and conscientious
water use throughout its operations and supply chain. Global goals and targets that track advancement
toward the company's vision reflect this strategy. In order to replenish all of the water used to produce
its beverages globally by 2030, the company unveiled a global water strategy.

World Without Waste

Coca-Cola's World Without Waste initiative is built around three core objectives: collecting and recycling
one bottle or can for every one sold by 2030; bringing people together to support a healthy, debris-free
environment; and making all of its packaging globally recyclable at 100% by 2025 and using at least 50%
recycled material in its packaging by that same year. Coca-Cola is collaborating with a variety of
stakeholders at the global, regional, and local levels in order to meet the predetermined objectives in
order to address the global plastic waste crisis.

Climate

The amount of carbon dioxide released into the atmosphere as a result of a company's operations is
known as its carbon footprint, and Coca-Cola has accepted the responsibility of reducing it across its
value chain. Coca-Cola has consistently reduced its emissions of greenhouse gases. This project has had
a significant negative impact on the environment, wildlife, lost revenue, and public health. The business
met its "drink in your hand" 2020 target of a 25% reduction in relative carbon emissions from a baseline
of 2010. The company has set an ambitious goal to achieve net zero carbon emissions by 2050 and a 25
percent reduction in emissions from a baseline of 2015 by 2030.

Sustainable Agriculture

To create and package its beverages, Coca-Cola relies on agricultural ingredients. For the company, it is
extremely important that these ingredients are sourced sustainably. In order to foster resilience
throughout the supply chain and in the local communities that produce the agricultural ingredients,
sustainable agricultural practices are essential. Twelve global priority ingredients—cane sugar, mango,
grape, orange, apple, corn, lemon, beet sugar, tea, pulp and paper, coffee, and soybean—have their
progress toward the sustainable sourcing goal monitored. Principles for Sustainable Agriculture (PSA)
standardize the company's core values at the farm level, from small-scale farmer cooperatives to large
commercial operations, thereby promoting livelihoods and assisting in ensuring supply continuity. The
PSA was introduced in 2021 to build upon our previous Sustainable Agriculture Guiding Principles (SAGP)
and strengthen the movement toward sustainable sourcing of agricultural ingredients.

Reducing Added Sugar

Coca-Cola continues to place a high priority on reducing the amount of added sugar in its beverage
drinks and backs the advice of renowned health authorities that people shouldn't consume more than
10% of their daily calories from added sugar. investment in sugar substitute and sweetener research.
Since 2008, Coca-Cola has spent over $100 million on research into sugar reduction and new
sweeteners. In the last four years, it has worked to reformulate more than 1,000 beverages, removing
900,000 tons of added sugar from the global portfolio. 

People & Communities

Coca-Cola takes great pride in prioritizing the needs of its customers, who are its most important
resource. A major employer on a global scale, it manages to draw in and keep top talent. There is also
the Coca-Cola Foundation, which makes investments in projects and activities that enhance lives
through charitable endeavors. Coca-Cola promotes inclusion, equity, and diversity in the workplace by
hiring a diverse workforce.

Independent Accountants’ Review Report

Stakeholder Engagements

The public, private, and civil society sectors are all included in Coca-Cola's partnership approach to
stakeholder engagement, which is based on the notion that effective partnerships require collaboration.
 Investors
There is a growing investor pressure. As most investors consider the ethical values of companies
before trading in its stocks. Coca-Cola investor perception and feedback, continuously engaging
with investors through various channels e.g annual meetings, investor conferences and one-on-
one meetings. From where the topics important to investors are understood and information on
relevant topics is provided.
 Environment

 Employees
The labor market is getting more competitive. Beyond salaries and bonuses employees want
companies whose practices suit their values. In Coca-Cola people and culture initiatives are
critical business priorities, and we strive to be a global employer of choice that attracts high-
performing talent. Focusing on four key growth behaviors – being curious, empowered, inclusive
and agile.
 Customer
The ethical behavior of companies has continued to increasingly influence customers’
purchasing decisions. The Coca-Cola system works closely with its customers to improve its
service and drive value-based relationships that lead to better business results and shared
outcomes. Customer satisfaction feedback across numerous markets is routinely sought.
 Supplies
A sustainable and resilient agricultural supply chain is integral to business and ESG goals. Coca-
Cola primarily purchase ingredients from suppliers, rather than raw agricultural materials
directly from farms. The partnerships with suppliers are critical to ensure they are certified as
safe by global regulatory agencies; meet the quality expected in ingredients used in its products.
 Communities
The Coca-Cola Foundation, the corporation's independent, global philanthropic arm, is one way
in which this is accomplished. The Foundation has given more than $1 billion in grants to
support sustainable community initiatives around the world since it was founded in 1984. Relief
from disasters, access to clean water, and economic empowerment are the main areas of focus.
Together with separate gifts from The Coca-Cola Foundation, the donations made by the Coca-
Cola system in 2020 benefited more than 25 million people in 118 countries and territories and
exceeded $90 million.

 Government

In order to contribute to the development of a more inclusive society, a sustainable economy,

and a healthier planet, businesses must collaborate with governments all over the world. The
U.S. S. the business interacts with lawmakers and decision-makers at the federal, state, and local
levels. On a global scale, the company takes part in initiatives run by the UN Global Compact to
advance the Sustainable Development Goals (SDGs). As a strategic partner of the World
Economic Forum, the business also takes part in its events and interactions with public officials.

Conclusion