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CommentsAs the maker of the world’s most well-known and beloved beverage expands at a global scale, so has its commitment to promote the development and sustainability of communities around the world. Through its philanthropic efforts, The Coca-Cola Company has invested its resources and expertise to provide economic growth and opportunities, fostering goodwill and improving quality of life.
As a global company, Coca-Cola partners with nonprofit organizations that provide responsive programs and initiatives to help communities grow and become vibrant. As a sincere community partner, it was named among the Most Accountable Global Corporations adjudged by the One World Trust 2007 Global Accountability Report, ranking 4th in the Corporate Category.
Founded in 1984, The Coca-Cola Foundation, together with its local and regional networks, are making a significant impact around the world by working hand-in-hand with local stakeholders to come up with more responsive approaches to addressing the needs of communities in various parts of the world.
In 2007, its global charitable contributions totaled over $99 million broken down into several focus areas. These include:
• $58 million for community and civic work;
• $19M for educational initiatives;
• $4 million for disaster relief;
• $6M for water stewardship and environment;
• $6M for health and wellness programs;
• $5M for the arts and
• $1M for HIV/AIDS awareness and education programs.
Education at all levels has been one of the overarching aims of Coca-Cola. The company and its leaders have vigorously supported education initiatives for 100 years. For the past ten years, the Foundation has contributed more than $155 million in support of education. Its Coca-Cola Scholars Foundation is among the largest corporate-sponsored scholarship programs today. Since its foundation in 1986, it has awarded over $35 million in grants and $27 million in scholarships funds for the benefit of students in all fifty states. The Foundation contributes an annual $3 million for its “Four-Year Award Program for Seniors” program and $400,000 in its “Coca-Cola Two-Year Colleges Scholarship Program.” Due to its diverse education-focused philanthropy, it has generated Coca-Cola scholars who have become brilliant leaders in various professions.
All around the world, Coca-Cola has initiated and provided educational opportunities to underprivileged children in developing countries. In the Philippines, the company has helped in constructing schools for children in remote areas through its Little Red Schoolhouse program. Rural Chinese children have been able to continue their education because of the Hope Star program. The Company also invested $100,000 to build new schools for girls in various rural areas in Egypt.
Post Author: guest