Corporate Governance, Sustainability and CSR Policy of Coca-Cola Amatil

This report discusses the corporate governance, sustainability and corporate social responsibility policy of Coca-Cola Amatil. It includes the mechanisms of corporate governance and CSR and sustainability initiatives. Recommendations and suggestions are provided for improving the governance and CSR practices in the company.

Coca-Cola Amatil

Contents
Introduction.................................................................................................................................................2
A brief background of the company Corporate Governance policy.............................................................2
Company Sustainability and CSR policy.....................................................................................................2
Corporate governance mechanisms are undertaken by the company...........................................................3
Sustainability and CSR initiatives are undertaken by the company under the categories of Social,
Environmental and Economic......................................................................................................................4
Recommendations and suggestions to improve governance........................................................................5
Recommendations and suggestions to improve Sustainability/CSR practices.............................................5
Conclusion...................................................................................................................................................5
Reference.....................................................................................................................................................7

Introduction
Corporate governance includes the set of rules, practice, and process for directing and controlling
the business. It is used for balancing the needs of stakeholders of the company and the
stakeholders are shareholders, customers, suppliers, government and financiers. This report
includes the corporate governance, sustainability and corporate social responsibility policy of
Coca-Cola Amatil. In this report, the mechanisms of corporate governance and CSR and
sustainability initiatives are discussed. Recommendations and suggestions are provided for
improving the governance and CSR practices in the company.
Background of the company Corporate Governance policy
Coca-Cola Amatil Co., Ltd. is a public traded company and the Coca-Cola Amatil Board of
Directors is committed to achieve high standards and business in corporate governance. They
ensure to review the best practices in corporate governance (Coca-Cola Amatil, 2018). The
vision of the board is to provide happiness and create millions of moments. In Coca-Cola, the
board of directors is responsible for independent assurance which includes the internal audit,
external auditors, legal and professionals advice. The values of Coca-Cola Amatil are to be
forthright and open and they take the initiative and even focus on today and tomorrow
effectively. The responsibility of day to day management is given to group managing director
(Orlitzky, et al., 2011).
Risk management policy includes the approach for oversight and managing the risk. Risk helps
in representing the threat and opportunities. It helps in promoting a risk-aware corporate culture
for supporting the decision. Risk management policy includes the analysis of undertaking the
decision at all levels of the business. Coca-Cola Amatil includes the principles for the corporate
governance of the company which helps them in growth and development. It includes laying a
solid foundation for management and oversight (Brennan, et al., 2011).
Company Sustainability and CSR policy
The focus of Coca-Cola Amatil’s sustainability includes the four main pillars are people, well-
being, environment, and community. Sustainability and corporate social responsibilities are
important for the business and stakeholders of the company. It requires following the rules and

policies for creating sustainability and corporate social responsibility to benefit the company and
helps in growth and development (Coca-Cola Amatil, 2018). The various sustainability initiative
and goals are included for the employees, society, and committee. In order to support
sustainability, it includes improving the data and collecting information for processing to ensure
the better quality of data and insights. They include the internal and external stakeholders for
understanding the sustainability risk and opportunity. The framework of sustainability includes
the materiality for the long term business sustainability. For sustainability, they took the
initiative to identifying and grabbing the opportunities to minimizing the environmental impacts
and issues and preventing pollution. For corporate social responsibility, they consider the
practice to reduce, reuse and recycle the resources for ensuring to dispose of the waste safely and
making a minimal impact (Strand, et al., 2015).
Corporate governance mechanisms are undertaken by the company
The various principles help in recognizing and managing risk which risks management policy,
environment policy, health safety & wellbeing policy. Corporate governance includes the
management of risk and must ensure to manage the audit committee. It helps in structuring the
act with responsibility which includes the code of conduct which includes the policies anti-
bribery and corruption policy, Human Rights policy, advertising and promotion to children
policy, group whistleblower protection policy (Murray, et al., 2010). It helps in safeguarding
reliability in corporate reporting. The principle includes disclosure and communication policy.
The company includes the board committees are related parties whose purpose is to review the
material dealings between the company and their related parties which also include the TCCC
(Torres, et al., 2012).
It includes the Audit and Finance Committee, the Risk and Sustainability Committee, and the
responsibilities of the Personnel Committee. It includes the duties of the Audit and Finance
Committee, the Risk and Sustainability Committee, and the Personnel Committee. The
compliance includes the laws, regulations and internal policies and industry standards with
oversight of financial risk. They had implemented and included the human rights policy and
provide zero-harm workplace to employees. They had reduces the carbon footprints of the drink

in the hand. In the operations of the business, they use 60% of renewable and low-carbon energy
(Montiel, 2008).
Sustainability and CSR initiatives are undertaken by the company under the categories of
Social, Environmental and Economic
In sustainability and corporate social responsibility includes the implementation and embedding
of the human rights policy and they consider not to harm employees at the workplace. For the
society, it included the pillar statement for the external initiative and effectively identifying and
managing economic, social and environmental impact. Coco-Cola Amatil's goal is to achieve the
level of environmental performance required for compliance. The environmental objectives and
targets are included for considering an integral part of the environment management (Lindgreen
and Swaen, 2010). They take the initiative to maintain the ISO 14001 certified environmental
management system for improving the operations and activities.
Coca-Cola Amatil main framework is corporate responsibility and sustainability. It is analyzed
that the food environmental stewardship helps to succeed in long term and meeting the
expectations of the stakeholders. In the daily operations of the company, they are dedicated to
integrating the responsibilities and proactively environmental practices in business. they involve
the stakeholders in identifying, managing and minimizing the impact of environment in the
facilities and supply chain of the company (Morhardt, 2010). The committee continuously
focuses on reviewing and improving the performance of the environment. They ensure to
compliance the regulations and legislation for the national and local environment for Effective
use of resources, energy and fuel to minimize waste and air emissions and prevent operational
pollution. For the sustainability plan they consider energy conservation, waste stewardship,
sustainable packaging, and sustainable sourcing. They took the initiative of using no to plastic
straws and they also took the initiative in 2017 for reducing the sugar in goods. The company has
designed the emerging possibilities platform for identifying, nurturing, and scale opportunity for
the growth in beverages. For the health, safety, and wellbeing of people, the company provides
the training, education and awareness programs for providing the skills, confidence, and
capabilities to work safety (Mcwilliams and Siegel, 2011). They focus on doing work together in
team for different backgrounds, cultures, and experiences for building strong organization and

delivering strong results. For the sustainability the environment includes the water, energy and
climate, sustainability packaging, biodiversity and responsible sourcing.
Recommendations and suggestions to improve governance
In order to improve the governance, the company can emphasize on providing the infrastructure
in the market for providing the facilities to customers. Governance can be improved by
increasing diversity in the business. It is essential in different levels of business units to ensure
providing the information on time for making effective decisions. Prioritizing risk management
is a major concern of the company. It is necessary for the board to establish an effective system
for over sighting risk and managing it properly for reducing losses. In the case of risk
management, it helps in leading to make better decision making and accurately taking cost
benefits (Galligan, 2019).
Recommendations and suggestions to improve Sustainability/CSR practices
For improving the corporate social responsibility practice, it is recommended to adopt the
formalization of environmental and social justice. They can take the initiative for water
efficiency as water is considered as the major source for sustainability. The evaluation of board
performance helps in improving corporate social responsibilities practices as it helps in
examining the strengths and weaknesses. Minimizing wastage is the major concern and
recommendation to the company for improving sustainability (Fortanier and Kolk, 2007).
Quality and social policy must be a priority of the company as they must ensure to provide high-
quality products for the customer's satisfaction. They must meet the entire statutory and
regulatory requirements for food and quality safety. It is recommended to build quality and food
safety capability. A better workplace can be provided to employees to work effectively
(Kumarasiri, 2012).
Conclusion
In order to conclude the report, it is analyzed that the corporate governance and sustainability
practices are essential for the organization in growth and development. Corporate governance in

Coca-Cola Amatil includes maximizing the value of stakeholders like investors, employees,
customers, suppliers, community, and environment. It includes the set of processes, customs,
policies, and laws for directing, controlling the organization. The effective recommendations are
provided for improving the sustainability and governance for the environment, social and
economic impact. It is necessary for the business to adopt effective strategies for growth and
development of business in market.

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