Coca-Cola says it has replenished water used in sales volume in the world
In a statement copied to ghanabusinessnews.com, the Coca-Cola Company said together with its global bottling partners (the Coca-Cola system) they have met their goal to replenish, or in other words balance, the equivalent amount of water used in their global sales volume back to nature and communities.
“Based on this achievement, Coca-Cola is the first Fortune 500 company to publicly claim achieving such an aggressive water replenishment target,” it said.
The press statement citing a global water use assessment validated by LimnoTech and Deloitte, and conducted in association with The Nature Conservancy (TNC), said the company returned an estimated 191.9 billion liters of water to nature and communities in 2015 through community water projects, equaling the equivalent of 115 per cent of the water used in Coca-Cola’s beverages last year.
The goals were achieved, it said, through 248 community water partnership projects in 71 countries focused on safe water access, watershed protection and water for productive use.
“In many cases, projects also provide access to sanitation and education, help improve local livelihoods, assist communities with adapting to climate change, improve water quality, enhance biodiversity, engage on policy and build awareness on water issues. The programme aspects mentioned in the preceding sentence do not contribute to Coca-Cola’s replenish volume,” it added.
The company pointed out that the replenish performance is independently reviewed by LimnoTech and verified by Deloitte.
“That work is reflected in a 1,188 page report. The methodology for calculating water replenishment benefits was created in collaboration with The Nature Conservancy and LimnoTech. It was the subject of scientific technical peer review to verify its accuracy, and uses generally accepted scientific and technical methods. Projects are reviewed annually and evaluated using this methodology,” it said.
By Emmanuel K. Dogbevi