With sustainability integrated into every aspect of its business, The Coca-Cola Company has long embraced the concept that doing good is good business. This year, Fortune magazine recognized Coca-Cola for this approach by including the company on its “Change the World” list.
Coca-Cola ranked No. 11 on the list of 50 companies, earning recognition for its 5by20 program, which aims to enable the economic empowerment of 5 million women entrepreneurs across the global Coca-Cola value chain by 2020. 5by20 has reached more than 1.2 million women entrepreneurs across 60 countries since launching in 2010.
“At Coca-Cola, we are strongly committed to building sustainable communities and shared value—and we know women are key to that,” said Charlotte Oades, vice president and global director of Women’s Economic Empowerment, The Coca-Cola Company. “Investing in women is smart and the right thing to do. In the long run, supporting women helps build stronger communities, making our business more sustainable.”
The “Change the World” list highlights companies that have made a positive social impact through activities as part of their core business strategy. Companies with annual revenues of $1 billion or more are prioritized, and ultimately evaluated on measurable impact, business results and degree of innovation. Initial call for nomination and assessments are conducted in partnership with FSG, Shared Value Initiative and Professor Michael E. Porter of Harvard Business School, followed by Fortune writer and editor evaluations.