COCA COLA CO

The proposal would add a by-law requirement directing the Corporate Governance and Sustainability Committee to assess the Company’s sustainability initiatives using net present value (NPV) and return on investment (ROI) calculations and to publish an annual report of its findings. Proponents argue that major sustainability programs represent significant capital deployment and should be vetted with the same financial rigor as other investments. The proposal seeks greater fiscal transparency and accountability for sustainability spending by requiring formal financial assessments and shareholder-facing disclosure. The requested requirement would be embedded in the Company’s by-laws and apply to the Committee’s oversight process.

This proposal requests that the Board commission and publish a report, by March 31, 2027, evaluating Coca‑Cola’s plastics packaging policies using objective scientific and economic analysis. The requested report would compare plastics to alternative materials on lifecycle emissions, energy use and recyclability, and quantify the financial impacts on the Company and its supply chain. Proponents argue packaging is material to the Company’s operations and investor value, and that policy choices should be validated against rigorous, unbiased data. The report is intended to clarify whether policies focus on materials substitution or on addressing waste management infrastructure and collection.

The proposal requests a publicly available report detailing the Company’s diversity, equity and inclusion efforts, including policies, programs and quantitative outcomes. Proponents cite research linking diverse leadership to better financial and business outcomes and assert that Coca‑Cola’s public disclosures are not as comprehensive as some peers. The report is intended to improve transparency around workforce representation, DEI policies and progress metrics that investors consider material to long‑term performance. The request asks that the report omit proprietary information and be provided at reasonable cost.

The proposal asks that the Company prepare a public report (omitting proprietary information) describing how it assesses and manages risks associated with chemicals and additives in its food and beverage products, beyond legal compliance. The proponents cite concerns about the GRAS self‑determination process and reference past ingredient controversies and evolving state and federal regulatory activity. The requested report would describe internal safety assessment processes, monitoring, mitigation and disclosure practices and how ingredient risks are managed relative to human health and reputational exposure. The intent is to increase transparency on ingredient stewardship and risk management.

This proposal requests a report describing whether and how the Company will increase inclusion of updated, decision‑useful information in its sustainability disclosures—ideally prepared in accordance with a recognized reporting framework. The proponents specifically point to disclosures on packaging and circularity, water stewardship (including high‑risk locations), and climate targets as areas where recent reporting is seen as less comprehensive. The requested report should explain planned disclosure improvements, include a materiality assessment, and clarify how reporting will demonstrate the effectiveness of strategies to mitigate priority sustainability risks. The intent is to increase comparability and transparency for investors evaluating the Company’s environmental risk management.