Coca-Cola Company

A multinational corporation, the Coca-Cola Company is a manufacturer, retailer, and marketer of a range of non-alcoholic beverages. Since its first product launched in 1996. the company has expanded to a product portfolio of over 500 brands and sales in more than 200 countries worldwide. Furthermore, it works with 225 bottling partners across 900 bottling plants, serving an estimated 30 million retail outlets in total. Acquisitions, such as the $4.9 billion takeover of UK-based Costa Coffee in 2019, have helped Coca-Cola Company consolidate its market position as one of the world's biggest non-alcoholic beverage companies.

Baseline assessment

Environment

Started the journey

Nutrition

Started the journey

Social inclusion

On track

Summary

Coca-Cola provides detailed public disclosure on its commitments to social inclusion but has some scope for improvement in the environment and nutrition dimensions. The company has set science-based targets for reducing its scope 1, 2 and 3 GHG emissions and regularly reports against them. It has a sustainable sourcing policy, though this does not apply to all high-risk commodities, including palm oil. The policy also highlights the company’s commitment to enhancing soil health. Coca-Cola has disclosed a global commitment to make 100% of its packaging recyclable by 2025. It is also committed to improving animal welfare throughout its supply chain. The company does not publicly disclose its commitments to reducing food loss or optimising fertiliser use. In the nutrition dimension, several specific commitments are disclosed. Coca-Cola has a target to remove added sugars through product reformulations, as well as targets for its front-of-package labelling and responsible marketing. There is no public disclosure on employee nutrition or improving the availability of healthy foods. In terms of social inclusion, Coca-Cola is committed to eliminating child and forced labour in its supply chain, as well as providing a healthy and safe working environment. It has launched several initiatives to support smallholder farmers and has commissioned third-party due diligence studies on land rights related to its sugar supply chain. Coca-Cola does not commit to paying a living wage.

Food and Agriculture Benchmark

The Food and Agriculture Benchmark will assess 350 keystone companies on the issues underpinning the food system transformation agenda. The benchmark’s aim is to stimulate companies to apply sustainable business practices throughout their operations as well as use their influence to encourage value chain partners to do the same. WBA has organised the food and agriculture value chain into six sub-sectors. These sub-sectors are also reflected in the methodology framework.

Food and agriculture revenue
USD 37,226,000,000
Food and agriculture revenue USD
USD 37,226,000,000
Onwnership structure
Publicly listed
Number of employees
62,600

Value chain sub-sectors

Other benchmarks

The company is also included in the following benchmarks developed by WBA and our Allies. These benchmarks help to deepen our understanding on key issues and industries.