Coca-Cola

InfluenceMap Score
C+
Performance Band
70%
Organisation Score
55%
Relationship Score
Sector:
Consumer Staples
Head​quarters:
Atlanta, United States
Brands and Associated Companies:
Monster Beverage, Dasani, Minute Maid, Coke
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Coca-Cola demonstrates positive engagement with climate change policy in the US and EU, though its activity is mostly limited to top-line support for global climate action without commenting on specific policies in detail. Most recently, Coca-Cola has been unclear on its position on both the Inflation Reduction Act and Build Back Better Act, including disclosing lobbying on Build Back Better’s climate provisions in its federal LDA reports without stating a position. The company has supported GHG emissions reduction targets within the US and Europe.

Top-line Messaging on Climate Policy: Coca-Cola has positive top-line massing on climate policy. On its corporate website, accessed in August 2022, the company stated support for collective action involving the government to combat climate change in the US. In an October 2021 Fast Company article, Coca-Cola was unclear if it supported the Build Back Better Act and its climate provisions. In an April 2021 joint letter with the We Mean Business Coalition, Coca-Cola supported US policy to achieve net-zero emissions by 2050. Furthermore, in a December 2021 Politico op-ed, the President of Coca-Cola Europe Nikos Koumettis strongly supported the EU's Green Deal and 2050 targets. That same op-ed makes the case for a wide range of policies in the EU to respond to climate change. Coca-Cola has also consistently advocated for the Paris Agreement, as evidenced in its 2020 Business & Environmental, Social and Governance report, released April 2021, as well as sign-on letters from September and April 2021.

Engagement with Climate-Related Regulations: Coca-Cola has not disclosed climate policy positions as of August 2022. The company does not appear to have taken a public position on the Inflation Reduction Act, although its Q3 Lobbying Disclosures from 2022 list it engaged on the bill. On its corporate website, it states its advocacy in favor of a US emissions reduction target of 50% by 2030. Similarly, Yahoo News reported in July 2022 that Coca-Cola encouraged the UK to maintain its net-zero target under the change in leadership. The company also supported strong national emissions reductions targets in the US and UK in 2021. Previously, Coca-Cola supported the EU Emissions Trading Scheme in 2015-16 through the Corporate Leaders Group.

Positioning on Energy Transition: In its Q4 2021 Federal Lobbying Disclosure, Coca-Cola reported lobbying on the Build Back Better Act, including several sections with clean energy and transportation provisions, but did not disclose its position. Through various sign-on letters, such as the We Mean Business letter in April 2021, Coca-Cola appears to support the transition to a low-carbon economy. That letter mentions the need for sustainable infrastructure and zero-emissions vehicles and buildings, among other policy measures, to advance decarbonization in the US. Beyond these top-line statements, InfluenceMap was unable to locate evidence of engagement with specific measures or policies related to the energy mix.

Industry Association Governance: In March 2022, Coca-Cola disclosed on its website a list of the trade associations of which it was a member in 2021 with no details of its engagement with certain groups, such as the U.S. Chamber of Commerce. The company has not published an audit of its industry associations. Coca-Cola is a member of several influential associations that frequently obstruct climate policy, including the National Association of Manufacturers and the US Chamber of Commerce. Coca-Cola is also a member of the BusinessRoundtable. In October 2020,Coca-Cola sent a letter urging the Chamber to adopt positive climate policy positions, leveraging the more positive top-line positions of the Business Roundtable as comparison, including a US net-zero target and comprehensive federal regulation on climate.

InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2022.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
88%
 
88%
 
29%
 
29%
 
52%
 
52%
 
48%
 
48%
 
67%
 
67%
 
29%
 
29%
 
44%
 
44%
 
57%
 
57%
 
71%
 
71%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.