Our Company's long-standing commitment to doing business with integrity means avoiding corruption in any form, including bribery, and complying with the anti-corruption laws of every country in which we operate.
For the Coca-Cola Company and our entire system, the Code of Business Conduct and Anti-Bribery Policy provide guidance on how to conduct business in a fair, ethical and legal manner. All associates of our company and its majority-owned subsidiaries are required to read, understand and follow the precepts of our Company's Code of Business Conduct, which includes anti-corruption expectations for all employees. Our anti-corruption compliance program encompasses numerous reporting, monitoring and certification controls, as well as an education component comprising both web-based and in-person training.
Global Anti-Bribery Policy
Our global Anti-Bribery Policy—most recently revised in June 2016—establishes the limitations we must adhere to when interacting with officials of various governments around the world. The policy provides information about anti-bribery laws in order to avoid inadvertent violations. In order to protect our Company’s reputation, it is vital that we not only understand and appreciate the importance of this policy, but comply with it in our daily work. In 2016, we modified our ethical conduct training program to reflect the updated Anti-Bribery Policy. Our Code of Business Conduct for Suppliers also includes similar expectations regarding bribery for business partners.
We conduct periodic anti-bribery assessments and audits of our business to raise overall awareness, detect potential misconduct and monitor compliance with anti-corruption laws and policy. We annually review practices at high risk operational units for compliance with our Anti-Bribery Policy. We periodically engage independent third parties to perform assurance procedures to ensure our anti-bribery compliance program elements are functioning properly and to identify best practices that we can implement broadly. We continue to leverage opportunities to share learnings and successful practices across our system.
Additionally, we have a global due diligence program to screen vendors and potential vendors who will interact with government on our behalf and to obtain their agreement to abide by our Anti-Bribery Policy. We refreshed our training in 2016 and continue to direct resources to training and support in order to assist local management in avoiding corruption. All employees receive training when hired on the Code of Business Conduct, which includes Anti-Bribery expectations. Additionally, employees who interact with government officials receive detailed training on our anti-bribery policy.
Global Corruption Risk Mapping
Using our enterprise risk management system and data from Transparency International, we annually build a model to map risks of corruption and bribery. We review internal factors, including capital expenditures and past audit results, as well as relevant external factors. With input from senior management and corporate audit teams, we are able to determine where to focus our anti-corruption efforts. Understanding both the culture and the level of risk in these markets helps us prevent and root out unethical conduct while being sensitive to and respectful of local cultures.
In2016, we reviewed all of our operations through this process for risks related to corruption and continued to refine the risk criteria in the model.
Global Anti-Corruption Partnerships
As a signatory to the United Nations Global Compact, we are actively engaged with other companies and nongovernmental organizations in the fight against corruption. In December 2007, we became a signatory to the World Economic Forum Partnering Against Corruption Initiative (PACI), making The Coca-Cola Company the first food and beverage company to join approximately 140 other multinational companies in the private sector fight against corruption.
PACI's mission is to develop multi-industry principles and practices that will result in a competitive, level playing field, based on integrity, fairness and ethical conduct. PACI requires CEO commitment to zero tolerance for bribery and a commitment to implement a practical and effective anti-corruption program within their company.
Coca-Cola’s anti-corruption program extends across our system. Our comprehensive program includes rigorous reporting, monitoring, certification, and education components. All employees of The
Our aim with this toolkit is to foster complete Coca-Cola system alignment about our global commitment to anti-corruption. In 2014, the English language version of this comprehensive toolkit was made available to our bottlers. The toolkit provides due-diligence processes for selecting, training and embedding ethical business practices within bottling partners’ operations. It covers 24 diverse scenarios that a bottler might encounter and ways to handle those scenarios. It also includes compilations of applicable laws, including The Foreign Corrupt Practices Act, and recommendations for educating and supporting all employees in anti-corruption behavior.