When you buy your favourite Coke, you might not be thinking much about how your purchase impacts others. But a percentage of every single sale is being spent in communities all around the world.
“It’s only when we work together that we have the opportunity to change lives and create meaningful change in communities,” said Helen Smith Price, president of The Coca-Cola Foundation and vice president of global community affairs for The Coca-Cola Company.
The Coca-Cola Foundation and The Coca-Cola Company donated more than USD $106 million to more than 230 organisations in 2016.
The amount donated in 2016 equates to 1.2 per cent of the company’s 2016 operating income, surpassing its public commitment to donate at least 1 per cent of operating income annually.
Since 1984 The Coca-Cola Foundation has given back approximately $909 million to organisations and communities across the world.
In Australia, there are several causes supported by The Coca-Cola Foundation.
Project Catalyst aims to reduce the environmental impact of sugar farming on the Great Barrier Reef. The Foundation has contributed more than AUD $6 million since 2009.
Last year, The Coca-Cola Foundation awarded and paid $72 million in the following areas:
- $7 million to support women’s empowerment initiatives
- $27 million to support water and environmental initiatives
- $38 million to support community strengthening initiatives including education, youth development, HIV/AIDS, arts and culture, and humanitarian/disaster relief.
- $34 million in funding and in-kind product to cause-worthy events and programs around the world.
More on Journey
- Coca-Cola Partners with Raise Foundation to Support Youth Mentoring
- Five Coca-Cola Innovations From 2016 That Blew Our Mind
- Ronald McDonald House Provides Home Away From Home
- Landcare and Coca-Cola Make Time for What Matters
- Sugar Cane Farmers Working to Preserve the Great Barrier Reef for Future Generations