Clean Water Thanks to Coke

  • Overseas
  • 2001

The world’s largest beverage company, Coca-Cola, has since the early 1990s made investments in water supply and sanitation one of the top priorities of its philanthropic arm, the Coca-Cola Foundation. In 2009, for instance, the foundation offered a $30 million grant to the Replenish Africa Initiative (RAIN), aimed at bringing clean drinking water and sanitation to two million Africans over a five-year period. The foundation was created in 1984 when the company made a commitment to give away, every year, 1 percent of its prior year’s operating income. In 2013, Coca-Cola donated $143 million, across 122 countries.