Company Directory - Coca-Cola
Company Details - Coca-Cola
Coca-Cola
WebsiteAtlanta, United States
ISIN: US1912161007
Coca-Cola is a multinational beverage corporation known for its soft drinks, especially the flagship Coca-Cola drink. It offers a wide range of non-alcoholic beverages, and its products are available globally.
CCI Score
CCI Score: Coca-Cola
-23.31
Latest Event
Release of 2023 Modern Slavery Statement
Coca-Cola released its 2023 Modern Slavery Statement detailing robust measures to prevent forced and child labour through a comprehensive human rights policy, strict supplier guidelines, independent third‐party audits, and extensive employee and supplier training programs.
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ACCOMPLICE
Coca-Cola is currently rated as an Accomplice.
Latest Events
- NOV062024
Coca-Cola released its 2023 Modern Slavery Statement detailing robust measures to prevent forced and child labour through a comprehensive human rights policy, strict supplier guidelines, independent third‐party audits, and extensive employee and supplier training programs.
+80
Labor Relations and Human Rights Practices
June 18
Coca-Cola’s statement outlines progressive policies aimed at protecting labor rights through enforced human rights standards in its own operations and across its supply chain. The detailed approach to third-party audits and corrective action plans reflects a strong commitment to preventing forced and child labour, an important anti-fascist and pro-worker measure.
+70
Supply Chain Ethics
June 18
The document emphasizes strict supply chain ethics by embedding Supplier Guiding Principles into contractual agreements, performing extensive third-party audits, and enforcing corrective measures if violations occur. This proactive approach towards supply chain transparency reinforces the company’s commitment to ethical sourcing and labor rights.
- MAY312024
Coca-Cola published a statement outlining its commitment to eliminating forced and child labour in its supply chain. The report details the company's human rights policy, supplier guiding principles, regular independent audits, and remediation processes to enforce compliance with its ethical standards.
+70
Supply Chain Ethics
June 18
The statement clearly outlines Coca-Cola's robust supply chain ethics by enforcing supplier guidelines, regular audits, and remediation measures that actively prevent forced and child labour. This proactive approach earns a positive rating, reflecting an anti-authoritarian, worker-protective stance.
Coca-Cola provides statement on child labour and forced labour
+75
Labor Relations and Human Rights Practices
June 18
Coca-Cola’s detailed report on its human rights due diligence and strict labor practices underscores a commitment to protecting workers' rights. This initiative is progressive and supports anti-authoritarian values by ensuring dignity and fair treatment for vulnerable groups in its supply chain.
Coca-Cola provides statement on child labour and forced labour
- MAR272024
A New York Times investigation reported by Atlanta News First has revealed that Coca-Cola profits from a supply chain in India marked by severe labor abuses, including child labor, forced child marriages, and coercive practices that lead to forced sterilizations among female workers. The report highlights that Coca‑Cola has long been aware of these abusive conditions among its sugar suppliers.
-80
Labor Relations and Human Rights Practices
June 18
The investigative report details severe violations of labor rights, including exploitation of children and coercive practices affecting women in Coca‑Cola’s sugar supply chain, directly undermining worker rights and human dignity.
Report: Coca-Cola profits from brutal sugarcane field working conditions
-70
Supply Chain Ethics
June 18
Coca‑Cola’s sourcing from suppliers implicated in documented abuses, such as forced child labor and coercive health practices, reflects a failure in supply chain oversight and ethical sourcing standards.
Report: Coca-Cola profits from brutal sugarcane field working conditions
- DEC012023
Reports detail that Coca-Cola's involvement in the Maharashtra sugar industry involves dire labor abuses including child labor, forced child marriages, and medical exploitation such as unnecessary hysterectomies. Despite knowing of these abuses, Coca-Cola advanced its operations by building a new factory in the region as of December 2023.
-85
Labor Relations and Human Rights Practices
June 18
The investigation reveals severe labor rights abuses linked to Coca-Cola’s supply chain in Maharashtra, including exploitation of young girls, forced child marriages, and unethical medical practices. This indicates a blatant disregard for worker rights and human dignity.
- MAR312023
According to OpenSecrets data, Coca-Cola spent approximately $3,940,000 on federal lobbying during the early months of 2023, reflecting its active engagement in influencing public policy. The data, sourced from Senate Office of Public Records and compiled by OpenSecrets, covers lobbying activities from January 1 to March 31, 2023.
-40
Political Contributions and Lobbying Efforts
June 18
Coca-Cola's nearly $4 million lobbying expenditure in 2023 is indicative of its significant investment in political influence. From an anti-fascist perspective, such spending can be seen as an effort to shape policy environments in favor of corporate interests, which may undermine democratic accountability and contribute to power imbalances that favor authoritarian practices.
- FEB082023
An article published on February 8, 2023, examines allegations of human rights abuses and violations of employees' rights by Coca-Cola in Colombia, raising concerns over its labor practices.
-80
Labor Relations and Human Rights Practices
June 18
The article presents documented allegations of human rights and labor rights violations by Coca-Cola in Colombia. Such abuses undermine workers' rights and ethical business practices, which from an anti-fascist perspective, represents a significant negative impact.
Analysis of Coca-Cola Company Violation of Employees' Rights Case
- JAN012023
In 2023, data from OpenSecrets revealed that 22 out of 29 Coca-Cola Co lobbyists were former government officials, underscoring a pervasive revolving door system that raises concerns about undue influence and regulatory capture.
-75
Political Contributions and Lobbying Efforts
June 18
The fact that a significant majority of Coca-Cola's lobbyists in 2023 are ex-government officials indicates a revolving door practice. This creates risks of corporate influence over public policy, undermining democratic accountability and potentially facilitating regulatory capture, which aligns with patterns associated with authoritarian influence.
- JAN012023
Coca-Cola outlines its public policy agenda and discloses its lobbying activities and political contributions in accordance with legal requirements. The company details its approach to federal and state lobbying, trade group memberships, and contributions, reflecting a commitment to transparency in its political engagements.
+10
Political Contributions and Lobbying Efforts
June 18
The disclosure of lobbying activities and political contributions by Coca‑Cola demonstrates adherence to legal and ethical standards with a commitment to transparency. Although corporate lobbying is inherently concerning from a democratic accountability perspective, the company's practice of openly reporting its activities serves as a mitigating factor. This transparency supports accountability and mitigates potential authoritarian influence by ensuring public oversight.
- JAN012022
In 2022, Coca-Cola donated $1 million to the Atlanta Police Foundation, which is funding the construction of the Atlanta Public Safety Training Center, nicknamed 'Cop City'. This funding contributes to over-policing and structural oppression of Black and brown communities in the region.
-70
Political Contributions and Lobbying Efforts
June 18
The donation to the Atlanta Police Foundation supports initiatives linked to over-policing and the marginalization of minority communities, consolidating a state-business alliance that undermines civil liberties.
- NOV292020
In November 2020, Coca-Cola was reported to be among the major companies lobbying Congress to water down the Uyghur Forced Labour Prevention Act, a bill aimed at banning imports made with forced labor from Xinjiang. Although the company stated it prohibits forced labor in its supply chain and uses third-party audits, its lobbying efforts raise questions about its commitment to ethical labor practices.
-70
Political Contributions and Lobbying Efforts
June 18
Coca-Cola's lobbying to water down legislation meant to prevent forced labor indicates an effort to protect business interests at the expense of ethical labor practices and human rights. This action falls under Political Contributions and Lobbying Efforts, highlighting corporate actions that indirectly support authoritarian practices by undermining labor protections.
-50
Supply Chain Ethics
June 18
While Coca-Cola asserts that it enforces strict measures against forced labor in its supply chain through third-party audits, its concurrent effort to lobby against robust forced labor prevention legislation raises doubts about its true commitment to ethical supply chain practices. This inconsistency negatively impacts its rating under Supply Chain Ethics.
- JAN012018
The article details Coca-Cola's extensive lobbying efforts and political contributions aimed at influencing government policies and regulatory frameworks across multiple regions. These activities are presented as central to the company's approach to navigating complex political environments.
-40
Political Contributions and Lobbying Efforts
June 18
Coca-Cola's active engagement in lobbying and targeted political contributions is indicative of its effort to shape regulatory outcomes in its favor. From an anti-fascist perspective, this corporate maneuvering prioritizes profit over democratic accountability and may contribute to an uneven balance of power that undermines public oversight.
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Corporate Financials
- Revenue
- 2023
- $41.00B
- Total Assets
- 2023
- $88.70B
- Operating Income
- 2023
- $11.50B
- Total Equity
- 2023
- $23.00B
Employees: 86,000
Industries
- 312111
- Soft Drink Manufacturing
- 312112
- Bottled Water Manufacturing
- 312120
- Breweries
