Myanmar: Coca-Cola's report submitted to the US Govt. under the Responsible Investment Reporting Requirements

Get RSS feed of these results

All components of this story

Article
20 December 2013

Coke's report on responsible business practices in Myanmar sets standard for transparency on both successes and failures

Author: Jonathan Kaufman, EarthRights International

...What makes the Coke report unique is the level of transparency it provides – both into the company’s successes and its failure in responsible business conduct – meaning that communities, investors, and the U.S. Government alike have a reasonable basis to engage with Coke and trouble-shoot human rights issues that may arise in the course of its operations…[T]he level of detail about the due diligence processes they’ve gone through, the concerns they’ve identified, and the steps they’ve taken to ensure that they and their partners are mitigating serious risks is exactly the kind of transparency needed to build trust between a company like Coca-Cola and the communities its operations will affect…[refers to Capital Bank & Trust, Crowley Marine Services, Hercules Offshhore]

🚫Read the full post here

Article
12 December 2013

[PDF] Responsible Investment in Myanmar - The Coca-Cola Company

Author: Coca-Cola

…As an integral part of making its investment decision, the Company completed a rigorous and in-depth due diligence process…In addition to commercial and legal issues, the due diligence process included, among other things, a thorough review of human and workplace rights, and environmental issues to assess the nature of actual and potential adverse human rights impacts related to future business operations…This report describes the due diligence process followed by the Company in line with the United Nations Business and Human Rights Guiding Principles. It also describes the compliance risk assessment and compliance management action plan for promoting compliance with anti-corruption laws and Company policy in Myanmar…

Read the full post here