About this Update:
1. What are you disclosing in this six month update?
As part of our ongoing journey, we are sharing the fifth update to our financial report of our health and well-being related scientific research and partnerships. This update includes financial support from January 1, 2010 through June 30, 2017. This six-month update includes the following:
- $1.9 million health and well-being related partnership activities.
- We do not have any research investments to disclose during this reporting period.
- Our updated total investment in well-being related scientific research, partnership and health professional activities is $140 million for the reporting period from January 1, 2010 to June 30, 2017.
We will continue to disclose, at six month intervals, all relevant funding of well-being related research, partnerships and health professionals and scientific experts that meet the criteria identified in the transparency website.
2. Why are there fewer disclosures no investments in research reported during this time period?
If you’ve been following these reports, you’ll note that we continue to have fewer investments to disclose. This is due in part to the application of new guiding principles that we began to implement in early 2016. The new principles define how we will provide financial support for well-being related scientific research and partnerships. While our previous support of well-being related research produced scientifically valid results, we recognized an opportunity to avoid some of the questions that result when we are the sole provider of funding.
The new guiding principles serve as our roadmap for well-being scientific research and partnerships. While they do not replace our transparency reporting, we expect there will continue to be fewer activities in the future to report.
3. Does this mean that you will no longer need to report funding of well-being scientific research and third party engagement on your transparency website?
No, we will continue to provide regular updates on our funding of well-being scientific research and partnerships that meet the inclusion criteria outlined in the Transparency disclosure. We are evaluating all future investments in health and well-being related programs and research to ensure that any financial support provided is in accordance with our Guiding Principles.
4. How do the new guiding principles apply to funding for well-being scientific research and third party engagement?
The new guiding principles serve as our roadmap for well-being scientific research and partnerships. They define our engagement and ensure that our intentions are sufficiently clear and transparent. All future well-being related partnerships will be evaluated against the new guidelines.
5. Why do you still have some items in your disclosure list that are incongruent with the new guiding principles?
The application of these new guidelines across our organization began in 2016 and is ongoing. There may be items on this disclosure list that occurred prior to the implementation of our guiding principles. Those items are disclosed, as part of our ongoing commitment to disclosure at regular intervals, all funding of well-being scientific research and partnerships from January 1, 2010 to June 30, 2017, that meet our inclusion criteria on this website. This website is updated twice yearly.
6. Why do you continue to support research at all?
The Coca-Cola Company is long-time supporter of education and we believe it is imperative to support the work of universities in ongoing scientific inquiry related to our beverages, ingredients and people’s health. However, we are evolving our approach to funding well-being scientific research and partnerships. In early 2016, we began to implement a set of new guiding principles that define how our Company will provide financial support of well-being scientific research and partnerships. Please click here for more information.
General Questions about Transparency
1. What is the purpose of this website?
This website is a critical first step for The Coca-Cola Company to transparently share its financial support of well-being scientific research and third party engagement. It also lists the health professionals and scientific experts with whom we have worked with from 2010-2017. While we have always been open about such funding, this website makes the information easily accessible and searchable. This site is updated every six months.
2. Why are you releasing this information?
We understand people have questions about our support of well-being scientific research and third party engagement. We are committed to, and are delivering on, the actions highlighted in Muhtar Kent's August 20th, 2015 Op-Ed in the Wall Street Journal. This website aims to provide clarity and transparency. We update this site twice yearly.
3. What does the word “partnership” mean in this list?
For purposes of this list, we use the term ‘partnership’ in reference to our relationships with U.S.-based organizations that have received funding from Coca-Cola North America (CCNA), or The Coca-Cola Company’s U.S. corporate headquarters to support health and well-being programs and communications activities conducted from January 1, 2010 to June 30, 2017.
4. Why did you develop guiding principles for research and partnership?
We developed new guidelines to help us evaluate and define our support of well-being scientific research and partnerships. While our previous support produced scientifically valid research results, we recognized an opportunity to avoid some of the questions that result when we are the sole funder.
For more information, please click here.
5. When you publish your funding efforts on your website, what assurance do we have that the list is complete?
We have made a good-faith effort to disclose all funding that meets the inclusion criteria. If we have omitted something that meets those criteria, we will disclose it in one of our future updates, which we plan to provide twice yearly.
6. Why does Coca-Cola fund health and medical organizations? Will you stop funding these organizations going forward?
We provided funding to support such organizations through The Coca-ColaFoundation, The Coca-Cola Company and Coca-Cola North America because they create, execute and promote health and wellness advocacy programs that helped to strengthen local communities. We also provided funding to organizations that are focused on raising awareness and providing education to people about how to practice healthy, active lifestyles.
In early 2016, we began to implement a new set of guiding principles that define how our Company will provide financial support of well-being scientific research and partnerships. Please click here for more information.
7. Do you expect the organizations that received financial support from Coca-Colato endorse your products?
No. Funding is provided on an unconditional basis to support the mission and goals of the organization.