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Environmental Health: Bisphenol A (BPA)

Coca Cola

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Coca-Cola is the world’s largest beverage company, annually selling almost 570 billion servings of beverages. A significant part of Coca-Cola’s business includes selling beverages in aluminum cans that contain BPA.

Our shareholder coalition contacted Coke in 2007, 2008, and 2009 requesting a dialogue regarding the company’s use of BPA. The company did not agree to talk with us until December 2009. At that point we had already surveyed more than 20 companies over their use of BPA* and had engaged in dialogues with several of them – so our dialogue with Coke made it quite clear that they were lagging the industry in several significant ways.

  • Coke does not provide consumers with sufficient information regarding the health risks associated with BPA.
  • Coke does not provide investors with information about the potential legal, regulatory, reputational and financial risks associated with BPA.
  • Coke also lags behind the industry in exploring alternatives to BPA.

Consequently, As You Sow, Domini Social Investments, and Trillium Asset Management filed the first-ever shareholder resolution focused on BPA at Coca Cola. The resolution asked the company to report on "public policy challenges associated with BPA".

The RiskMetrics Group and ProxyGovernance Inc., two of the largest proxy advisory services in the nation, recommended that shareholders vote “For” the resolution at Coca-Cola. Both groups note that Coca-Cola does not sufficiently disclose the steps the company is taking to address shareholder and consumer concerns about the use of BPA in can linings.

 

* The 2009 report Seeking Safer Packaging ranked 20 packaged food companies on their efforts to eliminate BPA from products and mitigate BPA-related risk. Coca-Cola received an “F.”

Click here to read: The Coca Cola Shareholder Resolution – Report on Bisphenol A

Click here to read: The Shareholder Fact Sheet: Coca-Cola Fails to Disclose Material Info on BPA to Investors

Click here to read: Shareholder Statements at The Coca-Cola Annual Meeting

Click here to read: Press Release: Shareholders Challenge Coca-Cola Over Bisphenol-A In Cans

Click here to read: Seeking Safer Packaging: Ranking Package Food Companies on BPA.

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