Coca-Cola has been refreshing people, creating economic value and making a positive difference in communities since 1886, when the very first Coca-Cola was sold in Atlanta.
Over 132 years later, our more than 500 beverage brands are enjoyed by people in communities worldwide, from the smallest towns to the largest cities. Our long-term business success is rooted in the success of the communities in which we operate, and our heritage of giving back to communities is designed to help contribute to their long-term success as well.
As members of The Coca-Cola Company’s Board of Directors, we’re proud of this history. In fact, we know our business can only thrive and grow when the cities, regions and nations we serve are also thriving and growing. Therefore, Coca-Cola is committed to long-term value creation for our shareowners and everyone connected to our business – from our employees and bottling partners to our customers, suppliers and communities.
Sustainability is a priority for the Board of Directors and the company’s executive leaders, starting with President and CEO James Quincey. Ultimately, we believe this expansive and inclusive view of value creation helps maximize our potential as a business to grow, create economic value and make a lasting positive difference for communities and our world.
Our sustainability efforts, therefore, are not separate from our business but actually foundational to the way we do business. As essential components of the long-term growth strategy of The Coca-Cola Company, our sustainability initiatives benefit our business and the communities we serve.
At Coca-Cola, the Board of Directors is elected by our shareowners to oversee their interests in the long-term health and the overall success of the business and its financial strength. This includes regularly reviewing the nature and scope of the company’s sustainability goals. Through the Board’s Public Issues and Diversity Review Committee, we examine the progress being made by the company and our partners toward achieving these important milestones.
In addition, the Board of Directors’ Compensation Committee is focused on helping Company leaders develop, strengthen and sustain a high-performance culture by, among other things, aligning pay and performance against the key strategic drivers of long-term growth. And sustainability is one of these strategic growth drivers.
Beyond the four walls of our business, The Coca-Cola Company is inspired by the United Nations’ Sustainable Development Goals. In particular, we look at areas where these goals connect most closely with our business operations – where we have the opportunity to do the most good with our actions, strategies and goals.
Today, sustainability remains a journey for all of us at Coca-Cola. We know that we don’t have all the answers or even all of the questions. But we are continuing to strive, along with our bottling partners and many other organizations, to do what we can to make the world a better place.
Much of our contribution comes from the economic value created through the everyday business of the Coca-Cola system. Every time a person buys one of our beverages, this simple action provides refreshment to an individual or family—and economic value to those who make, market, distribute and sell our brands.
Even so, we know this is not enough. Through our sustainability efforts, The Coca-Cola Company is striving to create incremental shared value for the communities we serve. This takes innovation, new ways of thinking, and new pathways to growth and value creation. And the Board of Directors is committed to doing our part to help ensure that the company continues to advance in our sustainability journey.
On behalf of the Board of Directors, thank you for your interest in The Coca-Cola Company and the important, ongoing work described in this sustainability report.
Very best regards,
Chairman of the Board of Directors
Chair of the Board of Directors’ Public Issues and Diversity Review Committee