Latest news with #TCCF
Business Wire
16-05-2025
- Business
- Business Wire
The Coca-Cola Foundation and the Global Environment and Technology Foundation Launch ‘Partnership for a Circular Tomorrow (PACT)' to Support Recycling Projects
ISTANBUL--(BUSINESS WIRE)--The Coca-Cola Foundation (TCCF) and the Global Environment and Technology Foundation (GETF) have launched a new partnership platform called 'Partnership for A Circular Tomorrow (PACT)', with an initial US $1 million circular economy grant by TCCF that invests in solutions and service delivery models to accelerate the transition toward reducing packaging waste, improve waste recovery across the Eurasia and the Middle East Region. In 2025, the first phase of PACT is launching high-impact initiatives across five countries: Türkiye, the Kingdom of Saudi Arabia (KSA), Azerbaijan, Kazakhstan, and Uzbekistan. These initiatives aim to uplift waste workers and scale growth-stage waste enterprises, supporting circular innovation and transforming lives. Centrally managed by GETF and co-financed by TCCF, grants of US $100,000 to US $400,000 are being allocated to NGOs, social enterprises, and startups for each selected project. Learn more here: 'The Global Environment & Technology Foundation (GETF) is proud to partner with The Coca-Cola Foundation to help address critical waste management challenges in Eurasia and the Middle East,' said Monica Ellis, CEO of GETF. 'The PACT Fund aims to support innovation, improve waste recovery and accelerate the transition toward a circular economy regionally, building scalable solutions for long-term environmental resilience.' Carlos Pagoaga, President, The Coca-Cola Foundation, said, "We're excited to launch PACT with our partners to drive circular innovation and improve waste recovery in Eurasia and the Middle East. Our goal is to create robust value chains, support informal waste workers, and drive innovations in waste management, ultimately paving the way for a cleaner, more sustainable future." About The Coca-Cola Foundation The Coca-Cola Foundation's mission is to make a difference in communities around the world where The Coca-Cola Company operates and where our employees live and work. We support transformative ideas and institutions that address complex global challenges and that leave a measurable and lasting impact. Our giving is focused on sustainable access to safe water, climate resilience and disaster risk preparedness and response, circular economy, economic empowerment, and causes impacting our hometown community. Since its inception in 1984, The Coca-Cola Foundation has awarded grants of over $1.6 billion in service of its mandate to strengthen communities across the world. About GETF The Global Environment & Technology Foundation (GETF), established in 1988, is a leading 501(c)(3) nonprofit organization, that designs and manages high impact public-private partnerships improving the lives of nearly 58 million people in over 100 countries through water security and water access initiatives, health systems strengthening, circularity, entrepreneurship, community empowerment, sustainable agriculture and resilience. Leading partnership platforms under GETF's management include the Africa Water Stewardship initiative, Project Last Mile Partnership (PLM), Partnership for a Circular Tomorrow (PACT), Cargill Currents, and many others. GETF also serves as the Secretariat for two high-impact water coalitions – Global Water Challenge and the U.S. Water Partnership.
Yahoo
13-04-2025
- Business
- Yahoo
Coca-Cola unveils multimillion-dollar initiative to transform how it delivers its products: 'Collaboration is key'
The Coca-Cola Foundation (TCCF) and the United Nations Development Programme (UNDP) are fighting against plastic waste across Asia. The three-year, multimillion-dollar initiative spans nine countries and provides funding and resources to accelerate plastic waste management solutions. The program is backed by a $15 million grant from TCCF and focuses on enhancing recycling infrastructure, reducing plastic leakage into the environment, and promoting innovative policy reforms. By working with local organizations, governments, and entrepreneurs, the initiative aims to find useful and lasting solutions to plastic waste. A key part of the program in Vietnam is the Plastics Innovation Programme, which will fund six projects with grants of up to $30,000, while runners-up receive up to $10,000 each. The focus is on material innovations, business model improvements, and technology advancements to prevent plastic from polluting rivers and oceans. While Coca-Cola has long been one of the world's biggest contributors to plastic pollution, this new partnership signals a step toward real solutions that benefit everyday people. By investing in local waste collection and recycling systems, communities will see cleaner public spaces, improved sanitation, and new economic opportunities for waste workers. Better waste management also means less plastic clogging streets, waterways, and coastlines — an issue many of the participating countries face. "Collaboration is key to help improve waste management systems and strengthen recycling infrastructure," said TCCF president Carlos Pagoaga. "Through our collaboration with UNDP, the Foundation aims to advance solutions that minimize packaging waste, support better collection methods, and enhance processing capabilities." In 2019, Coca-Cola was named the world's worst plastic polluter, and despite pledges to increase recycled plastic use, progress has been slow. This latest partnership with UNDP has the potential to make a meaningful difference in reducing pollution. The company has piloted other sustainable packaging initiatives, such as switching to paper-based six-pack holders and testing recyclable bottle systems in select markets. For consumers, supporting initiatives that reduce waste — such as using refillable bottles and participating in local recycling programs — can contribute to the broader movement toward sustainability. Do you think America has a plastic waste problem? Definitely Only in some areas Not really I'm not sure Click your choice to see results and speak your mind. As major corporations take steps to address their environmental impact, the responsibility remains on everyone to demand lasting change. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
