Coca-Cola Ethics Audit
Coca-Cola is the world’s largest beverage company and has been doing business internationally since 1923. Coca-Cola was introduced as a sponsor in the 1928 Olympic games, giving the company a great deal of international exposure. By the start of World War II, Coca-Cola was being bottled in 44 countries. At the core of any international business, that has been as successful as Coca-Cola has, is a strong code of ethics that is to be followed by each and every employee in the company. But just because Coca-Cola has a strong code of ethics, doesn't mean there isn't room for improvements.
Ethics are ingrained in Coca-Cola’s mission and governance structure. To ensure they do business with honesty, Coca-Cola’s starting point is to follow the anti-corruption laws of every country they do business. On February 12, 2018, The Coca-Cola Company amended its Code of Business Conduct. It serves to guide their employees and helps them to do the right thing. The Code of Business Conduct for Coca-Cola contains the same guidelines for different countries just with slight modifications to ensure with the laws in different countries.
The Coca-Cola company adheres to its own code of ethics. The code guides their business conduct, requiring honesty and integrity in all matters. It is required that all of their associates and directors are required to read and understand the Code and follow its precepts in the workplace and larger community.
From my observations, I believe that coca-cola ethical culture is grounded in utilitarian philosophy.
Coca-Cola has a very strong, innovative and collaborative culture. They review their system to make sure they meet everyone’s standards on international level. From my observation, Coca-Cola’s culture is appeared to be in a utilitarian theory, where company focuses on greatest good for the greatest number. I believe Coca-Cola is considered as one of the biggest humanitarian companies. Company is one of the largest employer in Africa and other countries. They don’t only benefit the people but the country's economy. Company respects human rights in every workplace, in their bottling system, supply chain and in the communities which they operate. They identify human rights issues such as safety, health for all worker, security, equality, forced labor and etc. Therefor company tries to address these issues and solve them to make the business better.
Coca-Cola’s culture does promote a commitment to integrity, veracity, fairness and human dignity. Coke regularly monitors and audits its business to ensure compliance with the code and the law. They implement a set of high standards to enforce how they investigate and handle code of conduct issues.