Coca Cola’s Sustainable Operations Coca Cola is one of the giants in the food and beverage industry and among the most successful. With a net worth of over one hundred and eighty billion dollars the company has an ever increasing need to enhance the sustainability of their operations. While Coca Cola has not employed sustainability into their earlier years of operation. The company has gone to great lengths in recent years to help reduce wasteful emissions in their production processes and throughout their supply chain, improve the lives of their shareholders around the world, and help to recover previously lost profits. These efforts are visible in their yearly sustainability reports that highlight the progress they have made towards reaching …show more content…
The effectiveness of these efforts has been shown in the progress they have made with their recycling of packaging, water stewardship, and agriculture. These are, but a few of the areas in which Coca Cola has enacted sustainability into their business practices. With continued efforts Coca Cola will be able to reduce water consumption in production, improve water quality across the globe, improve sustainable practices used by their agricultural suppliers,and reduce wasteful pollution and emissions. It is uncertain what goals Coca Cola will set for itself once it achieves its 2020 goals, but what is certain is the benefits of the current goals they have achieved and will continue to …show more content…
Whelan, T. (2016). The Comprehensive Business Case for Sustainability. Retrieved November 24, 2017, from Everstenergy: http://everestenergy.nl/new/wp-content/uploads/HBR-Article-The-comprehensive-business-case-for-sustainability.pdf 2016 Sustainability Report: Agriculture. (2017). Retrieved from Coca Cola: http://www.coca-colacompany.com/stories/2016-agriculture
2016 Sustainability Report: Packaging & Recycling. (2017). Retrieved from Coca Cola: http://www.coca-colacompany.com/stories/2016-packaging-and-recycling
2016 Sustainability Report: Water Stewardship. (2017). Retrieved from Coca Cola: http://www.coca-colacompany.com/stories/2016-water-stewardship
Comfort, D. Hiller, D. Jones, P. (2016). Int. J. Corporate Strategy and Social Responsibility, Vol. 1, No. 1, 2016. Water stewardship and North America’s food and beverage companies: a case study in corporate
Sustainability. Retrieved from Inderscienceonline:
In recent years, PepsiCo has become more dedicated to environmental sustainability by continuously looking for new ways to cut costs and increase efficiency but at the same time not reducing product quality. They are also committed to minimizing their impact on the environment through energy and water conservation and by reducing the amount of packaging materials. (Environmental Sustainability) PepsiCo uses water in almost every aspect of their manufacturing p...
DPS, even though not as large and international as Coca Cola and its other competitors, has also done well to contributing to environmental sustainability. The company has proven itself to be decently responsible upcoming corporate citizens. Despite the fact that the company has recently gone public, DPS is constantly working hard to keep up with its initiatives towards sustainability. DPS has actually done a remarkable job with clearly defined goals and very impressive initiatives. Environmentally, it is very obvious that DPS is a good organization who pays attention to all areas of sustainability. Dr Pepper Snapple started out on a very promising note. Within their sustainability report, the company reported distinct management committees in place to oversee fields such as environmental and health and safety performance. Their sustainability report focuses mainly on five key areas of corporate social responsibility: environmental sustainability, health and wellness, philanthropy, workplace and ethical sourcing.
Also, to save and recycle the usage of water. To defuse further boycotts or demonstrations against their products, they need to set up specific funds to have people cultivated on certain awareness, help fund agricultural products and set up seminars in schools to make people aware of certain information they need to know. The furor will definitely subside in long-term if Coca-Cola doesn’t talk to the people but the best way is to face the situation directly by giving a statement to the
Corporate Social Responsibility in the Global Food and Drink Industry Oxfam’s “Behind the Brands” scorecard examines the top ten global food and drink companies and assesses their environmental social practices. The rankings are based primarily on public information, such as reports available on the company websites and comments and complaints people post on social networks – known as “shaming and naming.” Between the first and second years of the report, nine of the ten companies improved their scores, including Nestle, Coca-Cola, Pepsi, Mars, and Kellogg’s. Nestle, for example, is cited for its focus on climate change and water; Coca-Cola’s emphasis is on women’s rights. If you were part of a corporate team charged with formulating short-and
The social responsibility activities of PepsiCo emphasizes on sustainable agriculture, water use efficiency, alternative sources of energy, packaging, wasting, and recycling. The company is also promoting a healthy lifestyle with product like whole grain snack and vitamin beverage. PepsiCo makes sustainability an innate part of their company culture to improve their business strategy and gain competitive advantage. According to Triple Pundit website, PepsiCo reached two years early its 2015 goal of delivering potable water. The sustainability report shows PepsiCo’s effort to nourish customers with healthy products. By going green, companies like PepsiCo have been able to adapt to the expectation of the toda...
Coca-Cola HBC joint value creation teams’ goal is to help to meet the issues related to sustainability which are essential for customers through awareness campaigns and efficiency programs on environmental benefits (Coca-Cola HBC Corporate Social Responsibility Report
This is the final stage where poorly managed businesses, those with thin margins or large borrowings are likely to close their operations. This economic stage is one where consumer confidence has dropped and income is low. A period of time has to pass to allow income and confidence to pick up and for the economy begin to its recovery.
Jeseph University, S. S. (2006). Evidence of The Coca Cola Company’s Human Rights Abuses and Environmental Violations brought to. Saint Joseph’s University Students for Workers’ Rights, 1, 1-78. Retrieved April 22, 2014, from Evidence of The Coca Cola Company’s Human Rights Abuses and Environmental Violations brought to
Considering individuals are becoming more health conscious it would be beneficial for Coca Cola to continue producing even more healthy products. Producing healthier drinks could potentially get their products back in schools. Researching into cheaper materials as well as environmentally friendly alternatives to plastic would be another recommendation. The main concern for Coca Cola is water supply. Without water Coca Cola would not be able to stay in business. It is recommended for Coca Cola to reduce the amount of water it uses. They have already begun a goal to improve water use. “Our 2020 goal is aggressive and builds on the 21.4% water efficiency improvement we’ve made since 2004. We expect to increasingly assess not just the quantity of the water used to grow our product ingredients, but the impact of that use as well” (Improving,
That is the reality of most established corporations today. Many companies try to disguise their small attention-driven efforts as genuine social responsibility, a business’s intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society. Of course, it is nowhere near the top of the list as far as the most environmentally friendly companies are concerned. Nonetheless, its executive leadership and their socioeconomic view, the view that management’s social responsibility goes beyond making profits to include protecting and improving society’s welfare, are still making a great impact.
Coca - Cola : Claims, Values and Polices Coca-Cola is a well-known and cherished brand name. When people think of this name, memories tend to overflow in their heads. Why do you need to be a member? Because, not only does Coke taste great and refresh your own personal memories, it also fills you with memories of the Coca-Cola like "Always Coca-Cola", the antics of the Coke polar bears, and all of the different ads that have represented Coke over the years. Just about every ad you see, as a consumer, has tons of hidden meanings.
Cola Wars Environmental Analysis 1. Introduction External environmental analysis of US carbonated soft drink (CSD) industry allows concluding that declining CSD sales call for changes in industry operations whereby market players can benefit from the fundamental shift in the industry development and maintain its leadership positions in beverage market. Analyses of macrolevel, industry, and competitive environments suggest that expansion, strong brand recognition, and changes in value chain will be key success factors in the future industry development. 2. What is the difference between a.. External environmental analysis a. Macrolevel environment (PESTEL analysis) i. Political New federal nutrition guidelines identified CSD as the largest source of obesity-causing sugars in the American diet.
Coca-Cola is a company with sustainable competitive advantage. The company is innovative and has an extensive business model with boasts of a sustainable distribution network. The company was incorporated in the late 1800s to commence the production of a sweet fizzy beverage that has become the world's most known brand. Presently, the company is still on an upward trajectory as it remains one of the world's most sought-after stocks. The company's competitive advantage has shown resilience and sustainability over the years.
The Coca-Cola company was founded in 1886 by John Pemberton, a Civil War veteran and Atlanta pharmacist. He was inspired by his curiosity as he stirred up a fragrant, caramel-colored liquid that he brought down to a place called Jacobs’ Pharmacy. There he added carbonated water and let several customers sample the new concoction. Jacobs’ Pharmacy put it on sale for five cents a glass and named it Coca-Cola. This “inspired curiosity” has now grown to be the world’s leading manufacturer, marketer, and distributor of nonalcoholic beverage concentrates and syrups. In 1906 Coca-Cola opened bottling plants in Canada, Cuba, and Panama. Today they produce nearly 400 brands in over 200 countries. More than 70% of their income comes from outside the U.S. (1). This paper will focus on an analysis of operations of the statement of cash flow reports and a vertical and horizontal analysis of the consolidated balance sheets. Also an analysis of the global financial condition of the Coca-Cola Company and the value of goodwill and other intangible assets will be discussed.
Look SDmart, Retrieved 05/16/07, from http://findarticles.com/p/articles/mi_m1365/is_1_31/ai_63974359/print. Coca-Cola: A Technological View, retrieved 5/18/07, from http://projects.olin.edu/ahs/HOT2004/PolarBears/content.htm. Coca-Cola Our Company- Around The World, retrieved 5/18/07 from http://www.coca-cola http://www.thecoca-colacompany.com/ourcompany/aroundworld.html Nutrition Business Journal. Penton Publishing. October/November 2005.