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Ecology & Environment
Mahesh

13/10/22 06:27 AM IST

Coca-Cola, among biggest global polluters, to sponsor CoP27

In News 
  • The United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties 27’s (CoP 27) Egyptian presidency named Coca-Cola Company — one of the biggest plastic polluters in the world — as the official provider and supporter of the year’s biggest climate change conference.
About COP 27 
  • CoP27 is to be held at Sharm El-Sheikh on Egypt’s Red Sea coast from November 6-18.
  • Countries under the UNFCCC will negotiate on mitigation, adaptation and financing aspects of action on climate change at the summit.
  • Coca-Cola would be partnering with Egypt’s Ministry of Foreign Affairs for the event.
  •  CoP26 in Glasgow was sponsored by eight companies and the deal was worth $280 million.
  • Coca-Cola in Europe and Coca-Cola Hellenic Bottling Company, its bottling partner in Egypt, want to reach net zero greenhouse gas (GHG) emissions by 2040.
  • Through the CoP 27 partnership, the Coca-Cola system aims to continue exploring opportunities to build climate resilience across its business, supply chain and communities, while engaging with other private sector actors, NGOs, and governments to support collective action against climate change.
  • Activists and commentators have called Coca-Cola’s sponsorship of the world’s biggest climate summit a ‘greenwashing exercise’
Greenwashing 
  • Greenwashing is the process of conveying a false impression or providing misleading information about how a company’s products are more environmentally sound.
  • Greenwashing is considered an unsubstantiated claim to deceive consumers into believing that a company’s products are environmentally friendly.
Source- DTE 

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