Coca-Cola Supplier Code of Conduct: Standards and Guidelines Report

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Added on  2023/01/20

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This report provides an overview of Coca-Cola's Supplier Code of Conduct, detailing the company's expectations for its suppliers. It covers key aspects such as conflicts of interest, gifts, financial records, bribery, and the protection of information. The code emphasizes the importance of ethical behavior, adherence to laws, and reporting misconduct. Furthermore, the report highlights Coca-Cola's guiding principles, which include empowering workers, upholding labor and human rights, ensuring health and safety, and promoting environmental sustainability. The company aims to build trust and respect within its network, fostering an ethical and socially responsible work environment. The code has been updated to reflect changes in laws and regulations, with the latest revision in February 2018 to simplify and clarify its core values.
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COCA-COLA –
SUPPLIER’S CODE OF
CONDUCT
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INTRODUCTION
Coca-Cola has formulated its code of conduct to enable its
employees serve the customers with the values that reflect the
values of the company
Code of Conduct provides a guiding path to the company to help
them be ethical and conduct itself morally
The company expects their suppliers to follow the same code of
conduct and anticipates that it can attain great heights of
achievements by following the path of ethics
The presentation intends to describe the overall standards
expected from all the suppliers
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SUPPLIERS CODE OF
CONDUCT
Conflicts of Interest - The suppliers of the company are
prohibited from indulging in any act, or association, related to
money or otherwise, with any of the employees of the organization
which might lead to conflict with the employee’s duty to fulfil the
objectives of the company.
Gifts, Meals and Entertainment - The suppliers are prohibited
from giving anything apart from meal, humble gifts or recreation to
the employees of Coca-Cola.
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SUPPLIERS CODE OF CONDUCT…….CONTD.
Business and Financial Records - Suppliers are required to maintain
exact record of all of their business dealings with the company.
Bribery - The suppliers of The Coca-Cola Company are required to
adhere to the U.S. Foreign Corrupt Practices Act and the local laws which
aim to regulate the bribery of government officials. The code requires
that the supplier of The Coca-Cola should not indulge in gifting of any
valuable items to any government officer, worker of a government
subsidiary, or political party, in return of any undue favor or profit.
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SUPPLIERS CODE OF CONDUCT…….CONTD.
Protecting Information - The supplier of Coca-Cola should
always the sensitive and private data of the company. Doing so will
ensure that the information is not manipulated and not shared with
anyone apart from the authorized personnel of the organization.
Reporting Potential Misconduct - The suppliers of the Coca-
Cola Company are prohibited from indulging in illegal and
inappropriate acts, and if they are aware of any such thing
happening elsewhere, they should report it to the management of
Coca-Cola.
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SUPPLIER GUIDING
PRINCIPLESCoco-Cola stands for the human rights values and accountability
programs in the company. The company takes necessary step
towards the betterment of the lives and protection of rights of not
only their employees but also those associated with them,
especially the suppliers
Empowering Workers – Coca-Cola believes in empowering its
employees by offering the freedom to choose whether they want to
join a labor union, without any coercion and intimidation
Labor and Human Rights – Coca-Cola takes care to ensure that
the labor and human rights of the workers are not infringed. The
company makes sure that there is no discrimination amongst
workers
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SUPPLIER GUIDING PRINCIPLES……CONTD.
Health and Safety - Coca-Cola is committed in providing its workers a
protected, safe and healthy environment for working.
The Environment – The Coco-Cola company aims to do business in
sustainable manner so that it does not cause any damage to the
environment and protects it. The company follows the prescribed laws,
rules, and regulations related to the environment.
Accountability – The Company intends to sustain a suitable and
effective management system that ensures that all measures and legal
compliance has been followed.
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CONCLUSION
With the help of Code of Conduct, Coca-Cola intends to build an environment of
trust and respect within its employees and suppliers.
The company aims to protect the interest of the business and sustain an ethical
and socially responsible work environment.
The Code of Business Conduct of Coca-Cola Company has been evolving
overtime, and encompassing the amendments in the law and regulations.
The last amendment took place on February 12, 2018, when the revision
intended to simplify the code and ensure that everyone in the internal and
external environment of the organization were able to understand the
document.
The restructuring of the format of the Code was done to emphasize upon its
core values.
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REFERENCES
Supplier Code of Business Conduct. (2019). Retrieved from
https://www.coca-colacompany.com/our-company/suppliers/supplier-code-
of-business-conduct
Supplier Guiding Principles. (2019). Retrieved from https://www.coca-
colacompany.com/our-company/supplier-guiding-principles
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