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Coca-Cola is world’s fifth most respected company: FT–PwC survey

30-November-2004
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Coca-Cola is world’s fifth most respected company: FT–PwC survey

The Coca-Cola Company has been ranked as the fifth most respected corporate house in the world by the Financial Times–PricewaterhouseCoopers survey on world’s ‘Most Respected Companies’. The company also came top in its category of food and beverage industries.

The company, incidentally, has secured its position among the top 10 since the time the survey started. Coca-Cola is also ranked in the top 10 by business leaders for the ‘Best Corporate Governance’. In a separate ranking of corporate governance by NGOs, Coca-Cola moved into the top 10 for the first time at number 5.

Sanjiv Gupta, President of Coca-Cola India, said, “This is a great tribute to our workforce throughout the world, as well as in India. We recently appeared in the top 10 most admired companies in India too. So we really feel great to be a part of this success.”

In terms of providing shareholder value, Coca-Cola has remained in the top 10, securing the seventh slot by business leaders, as in 2003. The cola major also was ranked in the top 10 for shareholder value by fund managers at number eight, same as in 2003.

Coca-Cola has helped build school athletic tracks and sponsored several initiatives designed to encourage exercise among young people across the world. The company also issued guidelines recommending that carbonated drinks should not be provided to elementary and middle schools, suggesting that vending machines should instead be stocked with fruit juices and bottled waters.

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