Business

Coca-Cola, others seek investment in climate safety

The coalition has evolved from a four-member group to 30 big organisations with a commitment to build a sustainable recycling economy for food and beverage packaging waste. FBRA and its members have been able to shape public policy and take action that supports a circular economy and the evolution of waste management in Nigeria

The organisation’s water leadership efforts supports its climate targets by not only helping to reduce carbon emissions through efficiency and reuse but also creating significant ecosystem and carbon benefits through nature-based solutions and replenishment.
The company in 2021, announced a holistic water strategy which aims to achieve water security across its operations, local watersheds and communities.

The goals related to the strategy’s key focus areas include the need to achieve 100% circular water use – or regenerative water use across 175 facilities identified as “leadership locations” by 2030.

Work with partners to help improve the health of 60 watersheds identified as most critical for the company’s operations and agricultural supply chains by 2030.

Analysts say the aim is to return a cumulative total of 2 trillion liters of water to nature and communities globally, between 2021 – 2030.
In driving goal 3, The Coca-Cola Foundation’s flagship program, Replenish Africa Initiative (RAIN) was introduced to address Africa’s water challenges through healthy watershed programmes and community water programs.

The pan-African programme aligns with the company’s global vision to replenish water in communities they operate and source ingredients through strategic partnerships in order to deliver sustainable projects, aimed at achieving the Sustainable Development Goal 6 which is clean water and sanitation for all.

The program which was managed by the Global Environment and Technology Foundation (GETF) ran in two phases.

At the end of the second phase in 2020, it recorded a positive impact of over 7 million people across the continent. The program replenished over 20 billion liters of water to communities and nature, improving access to water, health and sanitation which in turn improved hygiene behaviours, established and enhanced sustainable water management practices, improved environmental stewardship and community health and promoted efficient and sustainable use of water for economic development.
To further drive the goal of water replenishment, The Coca-Cola Foundation has provided over $1.3million to two NGOs namely the Rural Africa Water Development Project (RAWDP) for Disaster Risk Reduction and Urban Resilience in Imo state; and GETF who is partnering with WaterAid on an 18-month project targeted at improving access to safe water, sanitation, and hygiene services in four communities within and around the Maiduguri Metropolis of Borno State.

 

With its giant strides in areas of climate change advocacy and circular economy, The Coca-Cola Company has indeed proven its unshaken commitment towards preserving the earth for future generations and continues to take concrete steps to invest in our planet.

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