Coca-Cola HBC is investing €10 million to create a new foundation with a primary focus on supporting communities in the regions where the company operates.
The funds are scheduled for deposit in early 2024 and are anticipated to be subsequently contributed within the year, in accordance with the operational principles of the Coca-Cola HBC Foundation to ensure strong governance.
Coca-Cola HBC’s Targeted Community Support:
The company has identified key areas for community support that hold significance across its diverse locations. These include providing relief during natural disasters, upholding human rights, fostering diversity and inclusion, ensuring employee well-being and engagement, promoting corporate citizenship, addressing packaging and waste management, empowering youth and women, undertaking water stewardship initiatives, and contributing to economic impact.
Zoran Bogdanovic, CEO of Coca-Cola HBC, said, “We recognise the important responsibility we have to the communities in which we operate. Through the socio-economic impact studies that we perform with The Coca-Cola Company, we also understand how our activities deliver sustainable impact to the local economy, helping communities and creating employment.”
“I am pleased to announce the launch of our new foundation, which builds on our long-standing tradition of community action led by our people. It brings clear focus to these critical efforts, and empowers us to make decisions quickly by taking action where it is needed most.”
Continue Exploring: Coca-Cola’s Minute Maid diversifies portfolio: Enters alcohol market with innovative cocktails
