Coca-Cola (Coke)

Minute Maid, Sprite
Atlanta, Georgia
Food Beverage and Tobacco

Corporate Bias Rating

Expand Summary

Risk Level:

Rating - Danger
High Risk

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

Expand Summary

CEO of Coca-Cola (Coke)

James Quincey

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

Expand Summary

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/25/23GovernanceClean Yield Asset ManagementReport on Political Spending Values CongruencyAgainst29.10%
4/25/23GovernanceNational Legal and Policy CenterRequire Two Seperate People Hold the Offices of Chairman and CEOAgainst19.80%
4/25/23SocialSEIU Master TrustAudit of the Company's Impact on Non-White StakeholdersAgainst16.50%
4/25/23GovernanceHarrington Investments, Inc.Report on All Global Influence SpendingAgainst13.60%
4/25/23SocialAs You SowReport Risks to Company From State Restrictions on Reproductive Rights and Planned Corporate ResponseAgainst13.10%
4/26/22GovernanceNational Legal and Policy CenterRequire Independent Board ChairAgainst27.79%
4/26/22SocialJohn HarringtonReport on Global Public Policy and Political InfluenceAgainst12.69%
4/26/22SocialNewground Social InvestmentReport on External Public Health CostsAgainst11.33%
Generate Reports
Clear
Toast