Coca-Cola Faces Recycling Challenge According to GrassRoots Recycling Network

76 Investors, Public Officials, Businesses, Environmental and Community

Leaders Urge Support for Shareholder Resolution, Item 5 at Coke's

Annual Meeting



Apr 17, 2001, 01:00 ET from GrassRoots Recycling Network

    NEW YORK, April 17 /PRNewswire/ -- The following release was issued today
 by GrassRoots Recycling Network, Container Recycling Institute and Waste Not
 Georgia:
 
     Making an appeal to The Coca-Cola Company's board of directors, an
 environmental group released today a letter signed by a diverse coalition of
 leaders urging support for setting recycling goals and developing a plan to
 meet them.
     "Investors, public officials, businesses, environmental and community
 leaders share a common objective, which is halting the wasting of Coke bottles
 and cans," said Bill Sheehan, national network coordinator for the Athens,
 Georgia-based GrassRoots Recycling Network.
     "Shareholders can send the Coke board of directors a clear message by
 voting for Item 5, the recycling resolution, at the April 18 annual
 shareholder meeting in Wilmington, Delaware," Sheehan said.  "For information
 on the resolution visit our Internet web site at www.grrn.org ."
     Domini Social Investments, based in New York, explained why it is co-
 sponsoring the Coca-Cola shareholder resolution.  "In our view, a firm's
 commitment to responsible management of its waste stream is an essential
 component of sound corporate management, and a strong contributor to
 shareholder value.  As the industry leader, we believe Coke has a
 responsibility to develop a more comprehensive recycling policy with clear
 goals that raise the bar for the beverage industry," said Adam Kanzer, general
 counsel for Domini Social Investments.
     Shareholder groups have been discussing recycling concerns with Coca-Cola
 management for two years.  The recycling resolution calls upon the company to
 achieve specific recycling targets by January 1, 2005: using 25 percent
 recycled plastic to make new bottles and reaching an 80 percent national
 recycling rate for bottles and cans.
     "We are encouraged by Coke's responsiveness to our concerns, and hope that
 shareholders will take this opportunity to send management a further message
 of encouragement by voting to support our resolution," Kanzer said.  "We hold
 717,300 shares of the Coca-Cola Company in the Domini Social Equity Fund's
 socially and environmentally screened portfolio."
     Pat Franklin, executive director of the Arlington, Virginia-based
 Container Recycling Institute said, "In the 24 hours from releasing this
 appeal to Coca-Cola's board of directors to the vote at the shareholders
 meeting tomorrow, more than 54 million empty Coke soft drink bottles and cans
 will be thrown away.  It's a terrible waste of precious natural resources and
 the energy needed to make more plastic and aluminum beverage containers."
 
 

SOURCE GrassRoots Recycling Network
    NEW YORK, April 17 /PRNewswire/ -- The following release was issued today
 by GrassRoots Recycling Network, Container Recycling Institute and Waste Not
 Georgia:
 
     Making an appeal to The Coca-Cola Company's board of directors, an
 environmental group released today a letter signed by a diverse coalition of
 leaders urging support for setting recycling goals and developing a plan to
 meet them.
     "Investors, public officials, businesses, environmental and community
 leaders share a common objective, which is halting the wasting of Coke bottles
 and cans," said Bill Sheehan, national network coordinator for the Athens,
 Georgia-based GrassRoots Recycling Network.
     "Shareholders can send the Coke board of directors a clear message by
 voting for Item 5, the recycling resolution, at the April 18 annual
 shareholder meeting in Wilmington, Delaware," Sheehan said.  "For information
 on the resolution visit our Internet web site at www.grrn.org ."
     Domini Social Investments, based in New York, explained why it is co-
 sponsoring the Coca-Cola shareholder resolution.  "In our view, a firm's
 commitment to responsible management of its waste stream is an essential
 component of sound corporate management, and a strong contributor to
 shareholder value.  As the industry leader, we believe Coke has a
 responsibility to develop a more comprehensive recycling policy with clear
 goals that raise the bar for the beverage industry," said Adam Kanzer, general
 counsel for Domini Social Investments.
     Shareholder groups have been discussing recycling concerns with Coca-Cola
 management for two years.  The recycling resolution calls upon the company to
 achieve specific recycling targets by January 1, 2005: using 25 percent
 recycled plastic to make new bottles and reaching an 80 percent national
 recycling rate for bottles and cans.
     "We are encouraged by Coke's responsiveness to our concerns, and hope that
 shareholders will take this opportunity to send management a further message
 of encouragement by voting to support our resolution," Kanzer said.  "We hold
 717,300 shares of the Coca-Cola Company in the Domini Social Equity Fund's
 socially and environmentally screened portfolio."
     Pat Franklin, executive director of the Arlington, Virginia-based
 Container Recycling Institute said, "In the 24 hours from releasing this
 appeal to Coca-Cola's board of directors to the vote at the shareholders
 meeting tomorrow, more than 54 million empty Coke soft drink bottles and cans
 will be thrown away.  It's a terrible waste of precious natural resources and
 the energy needed to make more plastic and aluminum beverage containers."
 
 SOURCE  GrassRoots Recycling Network