• COCA-COLA COMPANY

2013-05-20 18:20

 

 

Coca-Cola Company
No. of employees
92,400 (2008)
Revenue
$31.94 billion (2008)
Country
United States

Coca-Cola Company

OVERVIEW

As the world's largest beverage company, The Coca-Cola Company and its bottling partners refresh consumers with more than 500 brands and 3,500 beverage products. Led by Coca-Cola, the world's most valuable brand, the Company's portfolio features 15 billion dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Consumers in more than 200 countries enjoy the Company’s beverages at a rate of more than 1.7 billion servings a day. 

With an enduring commitment to building sustainable communities, The Coca-Cola Company is focused on many initiatives, including environmental sustainability. Thanks to enviable brand identity and global presence, the Company's climate protection efforts are substantial, both in terms of their direct impact on reducing greenhouse gas emissions and their indirect impact on shaping consumer attitudes and awareness of climate change.

Headquartered in Atlanta, Giorgia., The Coca-Cola Company includes six operating groups: Eurasia and Africa, Europe, Latin America, North America, Pacific and Bottling Investments. The Company sources ingredients; makes and sells concentrates, beverage bases and syrups to its 300 bottling partners; owns its brands and is responsible for marketing them. The Company, in consultation with its bottling partners, also sets the sustainability agenda for the system and supports bottling partners, suppliers and customers in meeting the sustainability goals it sets.

To minimize its climate impact, The Coca-Cola Company and its bottling partners are committed to using the best possible mix of energy sources, while improving the energy efficiency of manufacturing processes, and reducing the potential climate impact of the products they sell. The Company is highly focused on improving the efficiency of its refrigeration equipment, bottling plants and fleets —the three areas where it can have the greatest impact on improving its climate footprint.  

CURRENT ACTIVITIES

Over the past decade, The Coca-Cola Company has invested more than $60 million in research and development to advance the use of climate-friendly, hydrofluorocarbon (HFC)-free cooling technologies. HFC gas is a well-known contributor to our planet’s global warming. The Company has improved the energy efficiency of its cooling equipment by 40%; transitioned to HFC-free insulation foam for new equipment, eliminating 75% of direct GHG emissions; and is phasing out the use of HFCs in all new cold-drink equipment as of 2015, with more than 500,000 units of HFC-free refrigerated equipment already in use throughout the Coca-Cola system. 

In bottling plants, Coca-Cola has stabilized emissions system-wide and is working to return to 2004 levels, while also achieving a 5% absolute emissions reduction below 2004 baseline in developed countries by 2015, with a commitment to “grow the business without growing the carbon” in its manufacturing operations. 

To date, the Coca-Cola system has improved the energy efficiency of its global manufacturing operations by 14% since 2004. In 2010, global greenhouse gas emissions from manufacturing were reduced by 2% even as sales volume increased 5%.  

Emissions reductions also can be realized outside of the plant walls where Coca-Cola operates the largest heavy-duty hyrbid electric delivery fleets in North America, with more than 700 hybrid electric delivery trucks on the road. These trucks reduce fuel and emissions by approximately 30%. There also are more than 800 light-duty hybrid vehicles deployed in North America for sales representatives.

The Company also participates in consumer-facing cause campaigns related to climate protection measures. In 2011, with long-term conservation partner WWF, The Coca-Cola Company helped launch Arctic Home, the largest cause marketing initiative ever executed by the Company or WWF. Active in the US and Canada, the campaign aimed to raise widespread awareness and funds to help protect the polar bear and its habitat. Coca-Cola changed its packaging to call attention to the campaign and committed up to $3 million to WWF’s polar bear conservation efforts and encouraged consumers in the US to join the campaign by texting donations. 

On related fronts, climate change will alter the amount of available fresh water, further increasing demand for this critical natural resource. The sustainability of The Coca-Cola Company products depends on reliable access to sources of water, as water is the main ingredient in every product the Company makes. It also is critical to the agricultural ingredients for its beverages. The Company set a global goal is to safely return to nature and communities an amount of water equivalent to what is used in its beverages and their production by 2020. 

To achieve this goal, Coca-Cola is focused on reducing its water use ratio while increasing product volume, recycling the water used in manufacturing processes and returning it to the environment at a level that supports aquatic life, and replenishing or offsetting the water used in finished beverages by participating in locally relevant community water projects.

The Company also is working in innovative ways to prevent waste over the life of its packaging. In 2009, the Company launched PlantBottle™ packaging, the first-ever fully recyclable PET plastic beverage bottle made partially from plants. In 2011, the Company introduced more than 6 billion PlantBottle™ packages in 20 markets, helping save the equivalent annual emissions of more than 100,000 metric tons of carbon dioxide. By 2020, the Company’s goal is to use PlantBottle packaging for all of its PET plastic bottles.

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