Coca-Cola Co/The

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	The Coca-Cola Company has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company has clearly named specific climate-related policies it has engaged with, such as the "US Nationally Determined Contribution (NDC)," the "EU Code of Conduct on Responsible Food Business and Marketing Practices," the "UN Plastic Pollution Treaty," and Extended Producer Responsibility (EPR) schemes in various jurisdictions, including Canada, China, Indonesia, the United Kingdom, the United States, and Vietnam. Additionally, it has supported initiatives like the Montreal Protocol deliberations and the European Union F-gas legislation. Coca-Cola has also disclosed detailed lobbying mechanisms, including direct engagement with policymakers, participation in trade associations like the Consumer Goods Forum, and collaboration with organizations such as WWF and BSR. Specific examples include engaging with coalitions led by "We Mean Business and Ceres" to influence the Biden Administration's climate targets, sending a letter to the U.S. Chamber of Commerce to encourage alignment with climate change principles, and supporting Colorado EPR legislation. The company has also been transparent about the outcomes it seeks, such as advocating for ambitious science-based greenhouse gas emissions reduction targets, promoting HFC-free refrigeration technologies, and advancing circular economy principles. These disclosures clearly outline the specific policy changes and environmental goals Coca-Cola aims to achieve, reflecting its commitment to influencing climate-related policies effectively.	4

Lobbying Governance

Overall Assessment	Comment	Score
Strong	The Coca-Cola Company demonstrates a defined governance process to ensure alignment of its climate lobbying activities, including monitoring details and responsible parties. The ESG and Public Policy Committee of the Board of Directors oversees climate-related issues, including "progress against the company's sustainability goals" and "responding to climate-related risks," which encompasses regulatory and reputational risks. The Committee reports regularly to the full Board and reviews the company's advocacy efforts annually, ensuring alignment with public policies and the company's values. Additionally, the SVP and Chief Communications, Sustainability and Strategic Partnerships Officer is responsible for climate-related issues and reports directly to the CEO and Board of Directors, working to "regularly assess and monitor progress on the company's sustainability goals, including those related to climate change." Coca-Cola also engages in direct and indirect lobbying activities, such as advocating for Extended Producer Responsibility schemes and supporting the UN Plastic Pollution Treaty, aligning these efforts with the goals of the Paris Agreement. The company has evaluated its engagement with trade associations, such as the Business Roundtable and the US Chamber of Commerce, ensuring alignment with climate goals and attempting to influence inconsistent positions. While Coca-Cola has not published a detailed lobbying audit, its governance structures and processes indicate strong oversight and alignment mechanisms for climate lobbying activities.	3