December 3, 2007
The Coca-Cola Company is among the highest rated
corporations in the One World Trust 2007 Global Accountability
Report, which measures and ranks the accountability of 30 of
the world's most powerful intergovernmental (IGO), corporate
and nongovernmental (NGO) organizations.
The One World Trust, a nonprofit organization that promotes
education, training and research to enhance the accountability
of transnational organizations, will unveil the report on Dec.
4 at the British Parliament in London.
Unique in nature, the report uses the Global Accountability
Framework to assess the policies and systems of organizations
based on four dimensions of accountability: transparency, participation,
evaluation, and complaint and response mechanisms. Data is collected
from publicly available information, documents provided by the
organizations, and interviews with key officials.
The report identifies high performers as organizations that
score at least 50 percent in three out of four dimensions. The
Coca-Cola Company ranked No. 4 in the corporate category, which
was led by General Electric.
"Transparency and accountability are vitally important
to The Coca-Cola Company and the foundation for
the way that we conduct our business around the world,"
said Mark Preisinger, vice president, Public Policy and Stakeholder
Engagement, who noted that our Company's external advisory boards
were featured as a case study in the report. "We are proud
to be included among the 'high-performing' companies
profiled in this year's Global Accountability Report."
The Company remains committed to translating policy commitments
into action and ensuring that accountability principles are
embedded into our culture and all relationships with stakeholders.
"We cannot be complacent, as accountability is not an end
state, and areas for improvement remain," added Karen Flanders,
director, Corporate Responsibility.
The report identified leadership as a key ingredient in pushing
forward organizational reform towards greater accountability.
"Accountability makes powerful organizations more effective
and legitimate," said Michael Hammer, executive director
of the One World Trust. "Without it, solutions to global
challenges will fail. The One World Trust are looking forward
not only to continuing to publish the Report and raising awareness
of this global issue, but also to continuing to work with organizations
to provide tailored accountability solutions."
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