About this update:
1. What are you disclosing in this annual update?
As part of our ongoing journey to be a credible and effective partner in the important fight against obesity, we are sharing our fourth annual update to our financial report of our health and well-being related scientific research and partnerships. This update includes financial support from 1 January 2010 through 30 September 2018. This annual update includes:
· 13,483,261.60 GBP in health and well-being related partnership activities
· 367,390 GBP in health and well-being related scientific research
· Our updated total investment in well-being related scientific research, partnership and health professional activities is 13,850,651.60 GBP for the reporting period from 1 January, 2010 to 30 September 2018.
We will continue to disclose, annually, all relevant funding of well-being related research, partnerships and health professionals and scientific experts that meet the criteria identified in the transparency website.
2. Why are there fewer disclosures reported during this annual reporting period (30 September 2017-30 September 2018)?
If you’ve been following these reports, you’ll note that we continue to have fewer investments to disclose. This is due in part to the application of new guiding principle that we began to implement in early 2016. The new principles define how we will provide financial support for well-being related scientific research and partnerships. While our previous support of well-being related research produced scientifically valid results, we recognised an opportunity to avoid some of the questions that result when we are the sole provider of funding.
The new guiding principles serve as our roadmap for well-being scientific research and partnerships. While they do not replace our transparency reporting, we expect there will continue to be fewer activities in the future to report.
2. Does this mean that you will no longer need to report funding of well-being scientific research and third party engagement on your transparency website?
No, we will continue to provide regular updates on our funding of well-being scientific research and partnerships that meet the inclusion criteria outlines in the Transparency disclosure. We are evaluating all future investments in health and well-being related programs and research to ensure that any financial support provided is in accordance with our guiding principles.
3. How do the new guiding principles apply to funding for well-being scientific research and third party engagement?
The new guiding principles serve as our roadmap for well-being scientific research and partnerships. They define our engagement and ensure that our intentions are sufficiently clear and transparent. All future well-being related partnerships will be evaluated against the new guidelines.
4. Why do you still have some items in your disclosure list that are incongruent with the new guiding principles?
The application of these new guidelines across our organisation began in 2016 and is ongoing. There may be items on this disclosure list that occurred prior to the implementation of our guiding principles. Those items are disclosed, as part of our ongoing commitment to disclosure at regular intervals, all funding of well-being scientific research and partnerships from 1 January 2010 to 30 September 2018, that meet our inclusion criteria on this website. This website is updated on an annual basis.
5. Why do you continue to support research at all?
Coca-Cola [insert market] is a long -time supporter of education and we believe it is imperative to support the work of universities in ongoing scientific inquiry related to our drinks, ingredients, and people’s health. However, we are evolving our approach to funding well-being scientific research and partnerships. In early 2016, we began to implement a set of new guiding principles to better define how our Company will provide financial support of well-being scientific research and partnerships. Under these new guidelines the company will not provide, either directly or through a third party (such as a trade association), all of the funding for well-being scientific research. We will instead provide financial support for such research only if a non-Coca-Cola entity funds at least 50% of the cost.
For more information please visit, Guiding Principles
GENERAL QUESTIONS ABOUT TRANSPARENCY
1. What is the purpose of this website?
This website is critical for
2. Why are you releasing this information?
We understand people have questions about our support of well-being related scientific research, partnerships and health professionals and scientific experts. We are committed to, and are delivering on, the actions highlighted in Muhtar Kent’s August 20th, 2015 Op-Ed in the Wall Street Journal. This website aims to provide clarity and transparency. We update this site annually.
3. What does the word “partnership” mean in this list?
For purposes of this list, we use the term ‘partnership’ in an informal sense, referring to our relationship with entities based in [insert market] that have received funding from The
4. Why did you develop guiding principles for research and partnership?
We developed new guiding principles to help us evaluate and define our support of well-being scientific research and third-part engagement. While our previous support produced scientifically valid research results, we recognised an opportunity to avoid some of the questions that result when we are the sole funder.
For more information, please click here.
5. When you publish your funding efforts on your website, what assurance do we have that the list is complete?
We have made a good-faith effort to disclose all funding that meets the inclusion criteria. If we have omitted something that meets those criteria, we will disclose it in one of our future updates, which we provide on an annual basis.
6. Why does
We provide funding to support such organisations through The
In early 2016, we began to implement a new set of guiding principles that better define how our Company will provide financial support of well-being scientific research and third-party engagement. Please click here for more information.
7. Do you expect the organisations that received financial support from
No. Funding is provided on an unconditional basis to support the mission and goals of the organisation.