Coke discloses additional spending on health efforts
As a part of being more transparent, the Coca-Cola Co. disclosed it spent more money on health research and partnerships than was previously reported.
In a statement posted on the company website Thursday, Coke says it spent $132.8 million on these initiatives in a five-year period from 2010 through the end of 2015. In September, the beverage giant previously said it spent $118.6 million over the same time period.
According to the Associated Press, Coke’s spending was first put under scrutiny after experiencing backlash for funding the now defunct Global Energy Balance Network, an organization which said its mission was to fight obesity though public records indicate Coke helped shape the group and suggested content for its website.