ATLANTA (Jan. 31, 1 p.m. ET) — In its eighth sustainability report, Coca-Cola Co. gave itself a “B” grade in the areas of economic, environmental and social performance.
In a news release, the company said it followed the disclosure and reporting requirements of the Global Reporting Initiative (GRI), a nonprofit group that provides a set of uniform criteria and standards for corporate environmental reporting. The report. also received third-party verification, according to a news release.
The four main areas of the report focused on water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.
One of the company's goals is, by 2015, to recover 50 percent of the equivalent bottles and cans used annually, up from 36 percent now.
“After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts,” Chief Sustainability Officer Beatriz Perez said in a statement. “In addition to increasing transparency within the content, we have taken a digital approach to make the report more user-friendly and accessible on a variety of mobile devices.”