Coca-Cola (Coke)
Corporate Bias Rating
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Risk Level:
Summary:
Coca-Cola Co. has demonstrated a willingness to terminate relationships with organizations based on ideology and required unconstitutional diversity mandates from vendors and suppliers. Coca-Cola scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Coca-Cola increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Coca-Cola forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Coca-Cola is part of GARM. The company is a founding member of PGLE, a corporate partner of the NGLCC, and pledged $4 million to BLM and related causes. Coca-Cola denounced local legislative efforts to reform election security and protect the unborn and will not give to faith-based charities. Coca-Cola is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism, and is committed to carbon neutrality by 2040. Coca-Cola donated to the Equality PAC and lobbies for ideological purposes. For these reasons, Coca-Cola Company receives a High Risk rating.
Board Bias
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CEO of Coca-Cola (Coke)
James Quincey
Summary:
Headquartered in Atlanta, Georgia, Coca-Cola (Coke) is a member of the Fortune 250 operating in the Food Beverage and Tobacco industry. James Quincey and James Quincey serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $1,247,886 to Republican causes and $568,119 to Democratic causes. Under their tenure, Coca-Cola (Coke) currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$1,247,886
$568,119
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/25/23 | Governance | Clean Yield Asset Management | Report on Political Spending Values Congruency | Against | 29.10% |
4/25/23 | Governance | National Legal and Policy Center | Require Two Seperate People Hold the Offices of Chairman and CEO | Against | 19.80% |
4/25/23 | Social | SEIU Master Trust | Audit of the Company's Impact on Non-White Stakeholders | Against | 16.50% |
4/25/23 | Governance | Harrington Investments, Inc. | Report on All Global Influence Spending | Against | 13.60% |
4/25/23 | Social | As You Sow | Report Risks to Company From State Restrictions on Reproductive Rights and Planned Corporate Response | Against | 13.10% |
4/26/22 | Governance | National Legal and Policy Center | Require Independent Board Chair | Against | 27.79% |
4/26/22 | Social | John Harrington | Report on Global Public Policy and Political Influence | Against | 12.69% |
4/26/22 | Social | Newground Social Investment | Report on External Public Health Costs | Against | 11.33% |
In the News
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AbbVie , Amgen , Bank of America (Merrill Lynch) , Caterpillar , Citigroup , Citizens Financial , Coca-Cola (Coke) , Colgate-Palmolive , CVS Health , Delta Air Lines , General Motors (GM) , JPMorgan Chase , Morgan Stanley (E-Trade) , Prudential Financial , Robert Half , Sherwin Williams , Uber , United Parcel Service (UPS) , Wells Fargo
Coca-Cola (Coke)