“It’s only when we work together that we have the opportunity to change lives and create meaningful change in communities,” said Helen Smith Price, president of The Coca-Cola Foundation and vice president of global community affairs for The Coca-Cola Company.
The Coca-Cola Foundation and The Coca-Cola Company donated more than USD $106 million to more than 230 organisations in 2016.
These contributions will directly benefit communities across more than 200 countries and territories, with approximately 97 percent of the grants focused on The Coca-Cola Company’s core sustainability priorities of women, water and the community well-being.
“It’s an honour to support the missions of so many deserving and impactful organisations,” said Helen.
The amount donated in 2016 equates to 1.2 per cent of the company’s 2016 operating income, surpassing its public commitment to donate at least 1 per cent of operating income annually.
Since 1984 The Coca-Cola Foundation has given back approximately $909 million to organisations and communities across the world.
In Australia, there are several causes supported by The Coca-Cola Foundation.
Project Catalyst aims to reduce the environmental impact of sugar farming on the Great Barrier Reef. The Foundation has contributed more than AUD $6 million since 2009.
Since 2006, The Coca-Cola Foundation has partnered with Landcare Australiato support natural waterways by developing environmental management practices and innovative community watershed projects.
This year, The Coca-Cola Foundation partnered with Beacon Foundation to support the $500k national roll-out of MyRoad. The world-first online mentoring program that aims to support the economic empowerment of young people in remote and lower socioeconomic areas by connecting them with business volunteers.
Last year, The Coca-Cola Foundation awarded and paid $72 million in the following areas: