Since its inception, The
The Coca-Cola Company commits to giving back 1% of our annual operating income. We do that through our own donations and by providing financial support to The Coca-Cola Foundation which, in turn, extends charitable grants that are guided by its three core priorities: women, water and community well-being.
In 2017, the company’s donations, when combined with the foundation’s charitable grants, equaled $138 million, equivalent to 1.6% of the company’s operating income.
The Coca-Cola Foundation’s grants reached more than 330 organizations in more than 110 countries and territories, with 88% of the grants going to projects that support its core priorities.
Through more than 30 years of giving back, The Coca-Cola Foundation has granted more than $900 million, including grants that help protect the environment, promote recycling, empower women and enhance the overall well-being of communities.
Supporting Water and Environmental Programs
The Coca-Cola Foundation supports initiatives that provide access to clean water and sanitation, protect watersheds in water-stressed regions, engage farmers in advancing sustainable water use (such as rainwater harvesting and water reuse for irrigation), promote recycling programs and raise awareness about water issues among communities and industry.
In 2017, The
Also in 2017, The
The Coca-Cola Foundation is committed to the economic empowerment of women. In 2017, the foundation invested more than $14 million to empower women globally. This investment included a $1 million pledge to The Atlanta Women’s Foundation’s “Breaking Barriers, Building Women: Economic Empowerment Program,” which will provide technical skills training and/or higher education opportunities for 2,000 women living in poverty in the Atlanta area. The grant also funds housing, childcare, healthcare, transportation and other critical support services for program participants on an as-needed basis.
In Turkey, $800,000 was awarded to Habitat Association, a sustainable development-focused non-governmental organization (NGO), to train 9,000 women from seven regions and 30 cities on computer and financial literacy, as well as communication and business entrepreneurship skills. And, in Spain, Fundación Mujeres, a nonprofit that implements intervention projects to achieve effective equal rights, received $577,000 to train and develop up to 600 unemployed women to become successful business owners. In addition, Fundación Mujeres provided online training to all 3,700 women of the “GIRA Women” entrepreneurial program and fostered the 10 best projects with mentoring services for three months. Finally, the three best business ideas received three additional months of mentoring and €3,000 of seed capital each.
The Coca-Cola Foundation focuses a large portion of its giving on initiatives that strengthen and enrich communities, including education, youth development, HIV/AIDS treatment and prevention, arts and culture, and disaster relief.
In 2017, there were many significant natural disasters across the globe. The
The foundation also provided $1 million for recovery efforts following two large earthquakes in Mexico; $1.5 million in disaster relief funding to address flooding impacts in India, Bangladesh, Nepal, Thailand, Colombia and Peru; $500,000 to combat challenges associated with the deadliest week of wildfires in California history; and $1 million for famine relief in Africa. Through the foundation’s water program, Replenish Africa Initiative (RAIN,) an additional $9.6 million has been allocated to support resilience in famine- and drought-related efforts in the African countries of Chad, Ethiopia, Somalia, Sudan and Uganda.
The foundation continued to fund educational advancement in 2017 and invested approximately $7 million in support of first generation scholarships through 33 institutions and organizations across the Americas. There were more than 2,600 student beneficiaries of these scholarships.
Coca-Cola Matching Gifts Program and Employee Disaster
Through the Coca-Cola Matching Gifts Program, eligible employees of The