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Coca-Cola share [Symbol: KO / ISIN: US1912161007]

08/29/2016 05:16:32 PM
08/29/2016 05:16:32 PM UTC-0400

Coke Says It "Replenish" All The Water It Uses

(RTTNews) - Coca-Cola Co. (KO) and its global bottling partners Monday announced that it met its goal to replenish all the water it uses.

Coca-Cola touted that it is the first Fortune 500 company to publicly claim achieving such an aggressive water replenishment target.

Coca-Cola said it returned an estimated 191.9 billion liters of water to nature and communities in 2015 through community water projects, equaling the equivalent of 115 percent of the water used in Coca-Cola's beverages last year.

In 2007, Coca-Cola had set a water replenishment goal to return the equivalent amount of water used by the company in its global sales volume back to nature and communities.

The company's global bottling partners also announced a 2.5 per cent improvement in water efficiency between 2014 and 2015. Cumulatively the group's water efficiency has improved 27 per cent since 2004.

"This achievement marks a moment of pride for Coca-Cola and our partners. A goal that started as aspiration in 2007 is today a reality and a global milestone we plan to maintain as our business grows," said Muhtar Kent, Chairman and CEO, The Coca-Cola Company.

"Now, every time a consumer drinks a Coca-Cola product, they can have confidence that our company and bottling partners are committed to responsible water use today and tomorrow. We are keenly aware that our water stewardship work is unfinished and remain focused on exploring next steps to advance our water programs and performance."

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