Blog Exposure - Coca-Cola Announces Goal to Collect and Recycle 100% of Packaging by 2030
LONDON, UK / ACCESSWIRE / January 22, 2018 / Active-Investors.com has just released a free research report on The Coca-Cola Co. (NYSE: KO) ("Coca-Cola"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KO as the Company's latest news hit the wire. On January 19, 2018, the Company announced that it is fundamentally redesigning its approach to packaging, including a goal to collect and recycle the equivalent of 100% of its packaging by 2030. Furthermore, the Company plans to roll out entirely recyclable packaging and utilize 50% recycled material in its bottles by 2030. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Coca-Cola most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=KO
World Without Waste
The goal to recycle 100% of its packaging by 2030 is the centerpiece of the Company's new packaging vision for a World Without Waste, which Coca-Cola intends to back with a multi-year investment that includes ongoing work to make packaging 100% recyclable.
The Company's initiative close follow on the heels of similar announcement by other major producers. On January 18, 2017, Danone announced a goal for all Evian bottles to be made of 100% recycled plastic by 2025. On January 16, 2017, McDonald's announced its own target to use all recycled or other environmentally friendly materials and offer recycling facilities in all of its restaurants by 2025.
James Quincey, President and Chief Executive Officer (CEO) of Coca-Cola, said:
“The world has a packaging problem – and, like all companies, we have a responsibility to help solve it. Through our World Without Waste vision, we are investing in our planet and our packaging to help make this problem a thing of the past.”
World Without Waste is the next step in the Company's ongoing sustainability efforts, building off success in replenishing an estimated 100% of the water it uses in its final beverages. In 2015, Coca-Cola announced a water replenishing goal, and the following year the Company announced that it had achieved and exceeded its water replenishment goal, five years ahead of expectations.
Milestones for the Project
In order to achieve the stated goal, Coca-Cola and its bottling partners are pursuing several key goals.
Investing in the planet - By 2030, for every bottle or can sold by Coca-Cola across the world, the Company aims to help take one back. The Company is investing its marketing dollars and skills behind this 100% collection goal to help people understand what, how, and where to recycle.
Coca-Cola will support collection of packaging across the industry, including bottles and cans from other companies. Coca-Cola will work with local communities, industry partners, its customers, and consumers to help address issues like packaging litter and marine debris.
Investing in packaging - In order to achieve its collection goal, Coca-Cola is continuing to work toward making all of its packaging 100% recyclable globally. The Company is building better bottles, whether through more recycled content, by developing plant-based resins, or by reducing the amount of plastic in each container.
Coca-Cola will work to achieve these goals with the help of several global partners: the Ellen MacArthur Foundation's New Plastics Economy initiative, The Ocean Conservancy/Trash Free Seas Alliance, and World Wildlife Fund. Coca-Cola will also launch efforts with new partners at regional and local level and plans to work with its key customers to help motivate consumers to recycle more packaging.
About The Coca-Cola Co.
Coca-Cola is the world's largest beverage Company, offering over 500 brands to people in more than 200 countries. Of its 21 billion-dollar brands, 19 are available in lower- and no-sugar options to help people everywhere more easily control added sugar. In addition to its namesake Coca-Cola drinks, some of the Company's household names around the world include AdeS soy-based beverages, Ayataka green tea, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, Minute Maid juices, Powerade sports drinks, simply juices, smartwater, Sprite, vitaminwater, and Zico coconut water.
Stock Performance Snapshot
January 19, 2018 - At Friday's closing bell, The Coca-Cola's stock slightly climbed 0.60%, ending the trading session at $47.16.
Volume traded for the day: 15.98 million shares, which was above the 3-month average volume of 10.41 million shares.
Stock performance in the last month – up 2.68%; previous three-month period – up 1.64%; past twelve-month period – up 14.63%; and year-to-date - up 2.79%
After last Friday's close, The Coca-Cola's market cap was at $200.98 billion.
Price to Earnings (P/E) ratio was at 44.87.
The stock has a dividend yield of 3.14%.
The stock is part of the Consumer Goods sector, categorized under the Beverages - Soft Drinks industry. This sector was up 0.9% at the end of the session.
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