Coca-Cola Co/The

Overall, The Coca-Cola Company has established board-level oversight of its public policy and lobbying activities, with the Corporate Governance and Sustainability Committee - and the ESG and Public Policy Committee - bearing "primary responsibility for overseeing the company's sustainability strategies and initiatives" and conducting at least annual reviews of its "public policy agenda, its position on significant public policy matters, political contributions and lobbying activities," while the North America Operating Unit Vice President of Public Policy, Federal Government Relations & Political Engagement, together with the Senior Vice President & Chief of Public Affairs, Communications and Sustainability and the Legal Department, manage and review all political engagement. However, although these committees "assess a range of issues relevant to environmental trends" and climate-related risks, the company does not disclose any policy or formal process to ensure that its direct or indirect lobbying is aligned with its science-based emissions targets, and it explicitly states that it has "no, and we do not plan to have one in the next two years" regarding a commitment to conduct engagement in line with the Paris Agreement. The company also provides no evidence of a dedicated climate-lobbying audit or mechanisms to monitor the positions of trade associations against its climate strategy, indicating that while general governance and oversight are in place, specific governance for climate lobbying alignment is not demonstrated.