Coca-Cola HBC To Set Up A Charitable Foundation
Bottler Coca-Cola HBC is setting up a new foundation that seeks to support communities in the areas where it operates.
The Coca-Cola HBC Foundation will focus on ‘critical areas’ of importance, such as relief in the event of natural disasters; human rights, diversity and inclusion; and employee wellbeing and engagement, among others, the company noted.
It will also focus on corporate citizenship; packaging and waste management; women and youth empowerment; and water stewardship initiatives.
‘Community Action’
Zoran Bogdanovic, chief executive of Coca-Cola HBC stated, “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.”
In 2023, Coca-Cola HBC pledged to donate €10 million towards the project. The funds will be deposited with the Foundation in the earlier part of this year.
The donation will be channelised according to the operating principles of the foundation, the company added.
Related news
Coca-Cola HBC Announces Proposed Acquisition Of BDS Vending
Coca-Cola HBC Ireland and Northern Ireland have announced an agreement…
Read more >Related news
BH AgrárTrend Index: the outlook for the Hungarian food industry has stabilized
The assessment of the situation of the actors of the…
Read more >GVH: The postponement of certain amendments to the Competition Act is justified
The Economic Competition Authority (GVH) agrees with the postponement of…
Read more >We can drink from these RevoCups this year
More than 400 works were submitted to the VÍZió graphics…
Read more >