Post by bonnasuttadhar225588 on Feb 15, 2024 10:56:52 GMT
Coca-Cola's sponsorship of COP27 – the climate summit that brings together world leaders to address today's major environmental challenges – has generated backlash on various social platforms and broader concerns about lobbying and corporate influence, according to AP News . This year, the negotiations sought at COP27 are relatively important for the future of humanity, since, in addition to building on what was agreed at COP26 , they will attempt to take action on a series of critical issues to address the climate emergency. Climate emergency From the urgent reduction of Greenhouse Gas (GHG) emissions, building resilience and adaptation to the inevitable impacts of climate change, to meeting commitments to finance climate action in developing countries, they will be part of the conversation at this climate summit to be held in the Egyptian coastal city of Sharm el-Sheikh. Faced with a growing energy problem, record GHG concentrations and the increase in extreme climate events, COP27 will have to build renewed solidarity between countries to comply with the historic Paris Agreement, in favor of the future. However, Coca-Cola's sponsorship of COP27 appears to be dampening efforts. Coca-Cola sponsorshipccording to the organizers, for Coca-Cola reducing GHG emissions and key focus on climate are a priority.
Climate is a key area of focus as The Coca-Cola Company works to achieve its science-based 2030 goal of a 25% absolute emissions reduction and its ambition to be net zero carbon globally.” by 2050. Therefore, during the presentation of Coca-Cola's sponsorship at COP27, Ambassador Achraf Ibrahim, general coordinator of organizational and financial aspects of the climate summit, took Cyprus Email List the opportunity to highlight the important role of the private sector in promoting business models. sustainable and support agreed climate goals. In addition to ensuring that a warming planet is a great challenge for sustainability, and with the circumstances of climate change, it is more difficult to find sustainable resources. Faced with the announcement, the reactions were immediate, activists took advantage of the networks to point out the enormous role that Coca-Cola has and has had in the generation of plastic pollution, and judged the agreement as a clear example of corporate greenwashing . They ask to exclude polluting companies from participating in COP27 But the protests have not stopped there. An online petition calls for Coca-Cola to be removed as a sponsor, so far obtaining more than 228,000 signatures in favor of the initiative, while hundreds of civil society groups signed an open letter demanding that companies be banned.
polluting companies finance or participate in climate conversations. Critics have also come out to say that business participation goes against the spirit of the meetings, where tens of thousands of delegates from around the world meet to draw up global agreements on the fight against climate change to prevent the Earth from warming. to dangerous levels. "The corporate presence is huge, of course, and it's a clever marketing campaign for them." Bobby Banerjee, professor of management at Bayes Business School, City University of London. Over the years, the meetings appear to have evolved in a similar way to trade shows, with large corporations, startups and industry groups setting up booths and pavilions on the sidelines to lobby and chat, causing a growing number of corporations want to participate in the event, as climate change becomes a greater global priority. Polluters sponsor climate summit Although other corporations have joined in on sponsorships—for example, IBM, Microsoft, Boston Consulting Group, and Vodafone—they have received less criticism for their involvement than Coca-Cola.