Group 1 CocaCola BDG

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GROUP 1 (Coca-Cola)

Alconera, Reina Criselda P.


Blanza, Leonie Mae E.
Jarina, Kristine Jane J.
Manese, Jay Mark L.
Sabal, Ma. Catherine M.
Tejero, Jude P.
Vergara, Mary Chris H.

1. Briefly describe how they use the concept of sustainability and their main
product of service.
● Our planet matters. They act in ways to create a more sustainable and
better-shared future. To make a difference in people's lives, communities,
and our planet by doing business the right way.
People matter. They act in ways to improve people's lives, from our
employees to those who touch our business to the many communities we
call home.
The Coca-Cola Company is committed to good corporate governance,
which promotes the long-term interests of shareowners, strengthens
Board and management accountability, and helps build public trust in the
Company.
● At The Coca-Cola Company, they market, manufacture, and sell beverage
concentrates, syrups, and finished beverages, including sparkling soft
drinks, water, sports drinks, juice, dairy, plant-based drinks, tea, and
coffee.
● They make branded beverage products available to consumers in more
than 200 countries and territories through our network of independent
bottling partners and some Company-owned or -controlled bottling and
distribution operations who manufacture, package, merchandise, and
distribute the finished branded beverages to our customers and vending
partners.

2. In your group's opinion, of the five dimensions (economic, governance,


social, ethics, environment), which one is their priority for their
sustainability practices? Briefly describe their practices on the chosen
dimension.
Of the five dimensions, the Coca-Cola Company prioritized the
sustainability practices under the Social dimension wherein they take into
consideration their social responsibility and social issues regarding their
product and services. They also give priority to sustainability practices
under the Environmental dimensions wherein their plan of actions
primarily aims to preserve the quality of the environment.
Despite extraordinary difficulties posed by a global pandemic,
natural disasters, social upheaval, and more, the Coca-Cola Company
advanced its fundamental sustainability targets in 2020 – from water
replenishment to sugar reduction to diversity and inclusion. The company
adjusted the matrix's primary issues to better reflect current priorities.
Economic downturns and moments of uncertainty; diversity, equity, and
inclusion; social unrest and rising inequality; greenhouse gas (GHG)
emissions; and adapting and prospering in a digital environment were
among the factors that were changed.
Climate and Sustainable Agriculture
In comparison to a 2010 baseline, the company reported a 24
percent reduction in the carbon footprint of the "Drink In Your Hand" in
2019. Because packaging accounts for over a third of the company's
entire carbon footprint, the World Without Waste plan is critical to meeting
the company's Science-Based Climate objective. By designing
sophisticated, plant-based packaging that uses less oil and investing in
local recycling initiatives that allow old bottles to be recycled into new
bottles, we can reduce our carbon footprint one package at a time.
Creating supply chain management concepts to help suppliers cope with
COVID-19 interruptions while maintaining food quality, social, and
environmental criteria.
Economic downturns and periods of uncertainty include events
such as recessions and pandemics, and 2020 clearly demonstrated that
this was becoming increasingly important for both stakeholders and the
Coca-Cola system. Additionally, the multiple social injustices witnessed
globally in 2020 underscored the importance of diversity, equity, and
inclusion to stakeholders and the impact on our business.
The matrix also prioritized social instability and rising inequality,
which were exacerbated by COVID-19. Finally, as evidenced by our risk
assessments and climate scenario planning, GHG emissions have shifted
as a result of growing expectations from stakeholders and importance in
our own operations.
3. Of the 17 UN SDGs, choose three goals that they have addressed and
briefly describe how they address so.
1. Goal 13: Climate Action - Ensure availability and sustainable
management of water and sanitation for all. Coca-Cola’s World
Without Waster Program, an ambitious sustainable packaging
initiative, contributes significantly to their GreenHouse Gas
reduction goals, where in this program helps to solve the global
packaging waste crisis by prioritizing and recycling higher-value
plastics and turning them into new bottles, replacing hard-to-recycle
plastics, and innovating with new technologies to advance
circularity for plastics in the middle. Coca-Cola also has this
Science-Based Targets in their system where their target is to
reduce the total GreenHouse Gas (GHG) emissions by 25%,
regardless of their volume growth in alignment with the guidance of
the Science-Based Targets initiative. This initiative shows to
companies how much and how quickly they need to reduce their
greenhouse gas (GHG) emissions to prevent the worst effects of
climate change.

2. Goal 5: Gender equality - Achieve gender equality and empower all


women and girls. Coca- cola addressed this in 2010, entity
announced a global initiative to enable global economic
empowerment of 5 million women entrepreneurs by the end of
2020. The entity surpassed their goal known as 5by20 enabling the
economic empowerment of more than 6 million women by the end
of 2020. 5by20 initiative set out to address structural inequalities
and economic barriers that women entrepreneurs face by providing
business skills training, monitoring networks, financial services and
other assets to support women and their businesses. Together with
their public and private sector including their bottling partners and
The Coca-cola Foundation.

3. Goal 6: Clean Water and Sanitation - Ensure availability and


sustainable management of water and sanitation for allThe
Coca-Cola Foundation Philippines, through its Agos Program in
collaboration with Del Monte Foundation, Inc. and the local govt.
unit of Barangay Kulasi in Sumilao,Bukidnon tackles the problem of
lack of clean water by providing farmers and their families 25
community faucets which has also increased production of crops
and vegetables. Prior to the installation of the water supply system
villagers had to walk to a single faucet and wait in line.
In addition, The Coca-Cola Foundation in collaboration with Ducks
Unlimited Canada and Ducks Unlimited, Inc., was able to restore 22
wetlands totaling around 10 hectares using a nature-based solution
that uses the wetlands to reduce runoff and nutrient pollution while
also slowing the flow of water. This "green infrastructure" method
reduces the amount of phosphorus entering Lake Erie, which helps
to prevent algal blooms and oxygen depletion, both of which are
harmful to the ecosystem and to human health. It is estimated that
the restored wetlands will treat 1.4 billion liters of water per year.

4. Describe an emerging issue identified by your chosen company and


describe how they plan to address or mitigate it.
Emerging issues are composed of potential problems/opportunities in their
earliest stage of development. The following are the emerging issues in the
market and how Coca-Cola plans to address it:
● Water Strategy
Despite having access to water is a basic human right, water
crises are still one of the top global risks and about 2.2 billion
people globally lack access to safe drinking water. With the surge of
the COVID-19 pandemic, it is expected to be even worse. These
challenges will likely affect Coca-Cola, its customers and the
communities in which they operate and are crucial for their new,
more in-depth water strategy.
During 2020, Coca-Cola finalized their new water strategy,
which was based on their water risk assessment and the integration
of feedback gathered systematically from their bottlers and partners
and through stakeholder engagement with NGOs, governments
and other leading companies. This strategy recognizes the urgency
of their growing shared water challenges and the interconnection of
water and other priority goals. It contains new and innovative goals
for the future which includes Regenerative Water Use, Community
Resilience, Watershed Health,and Agriculture.
● Transforming their Portfolio.
In a fast-changing market place, businesses needed to keep
pace with the evolving needs and tastes of consumers. With that,
the Coca-Cola Company found opportunities to pursue with their
new innovations or brands with the greatest potential to scale and
grow. They also plan to streamline their beverage lineup in order to
improve efficiency and drive brand building and innovation. The
new portfolio will focus on brands focused on the four key actions
at the heart of our beverage strategy. These key actions are
reducing added sugar, providing smaller package choices, offering
a portfolio of drinks with nutrition and hydration benefits, giving
people the information they need to make informed choices

5. If your group was approached for consultation what can you suggest to the
chosen company for them to further their sustainability strategies?
● Coca cola’s sustainability goals focus on “world without waste” primarily on
its packaging and climate goals.
● Make 100% of their packaging recyclable globally by 2025—and use at
least 50% recycled material in their packaging by 2030. Collect and
recycle a bottle or can for each one we sell by 2030.

● Distribution is one of the biggest problems when it comes to creating


eco-friendly and sustainable supply chains. There are two plans of attack
for sustainability in food distribution: Reducing the distance food needs to
travel, and upgrading trucks to use greener fuel options like biodiesel or
electricity. Reducing the emissions created by tractor-trailers could help
make the entire process a bit more sustainable.

● Wastewater reuse is also a new technique that is gaining traction in the


food industry. While it isn‘t practical in all situations due to the technology
needed to remove chemicals and impurities from the wastewater, it can
help reduce water waste and water use in the food industry. Simply
reviewing water usage and switching to procedures that are less
water-intensive can save a company money and reduce its overall water
usage.

● Coca cola have also made steady progress toward using water more
efficiently and to treat all wastewater in their production processes. Due to
climate change and other factors such as the ongoing pandemic, the
company needs to recognize the water risk in their system and the local
community. Recycling packaging could affect the health standards of the
company since health hazards have become crucial over the past years.
The most efficient way is to source out 100% biodegradable packaging
materials to lessen cost and improve effectiveness of their world without
waste strategy. Also, Coca-Cola must reduce its carbon footprint and
continue to recover and recycle bottles and cans and improve its
water-use efficiency.

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