Economic impact
Our business contributes to both local and national economies in Great Britain. At the end of 2010 we employed around 4,656 people and paid salaries, benefits and taxes. And we invest in the communities where we operate.
Of the economic value we create and reinvest in the local community over 95% of our suppliers are based in Great Britain.
This emphasises the importance of our suppliers to our business as well as the role we play in supporting and sustaining jobs across our supply chain.
In 2010 we worked with Professor Ethan Kapstein of the business school INSEAD and external stakeholders to understand the breadth of our community contributions. The results showed that we are a major contributor to our local communities and highlighted the substantial economic effect generate by the taxes and the business we generate in our value chain. One key fact in the research showed that for every job we create a further six are directly created in the supply chain. In addition the research showed that a key part of our value generation is the fact that we pay above average salaries.
"Coca-Cola also creates 'public goods' that benefit entire societies. These include the training it provides its workers, the philanthropic activities that are vital to so many people and the contributions that the company makes to support sports teams at every level"
Professor Ethan B. Kapstein, INSEAD
