Claire Manuel reports on how an internal scheme to encourage women’s promotion turned into an initiative to empower female entrepreneurs through its entire value chain
Coca-Cola has been working one empowering women in its own operations, and its entire value chain, for the past decade. In 2007, its Global Women’s Initiative was created to accelerate the recruitment, advancement and retention of women across the company. Part of this included founding the Women’s Leadership Council, a group of senior women drawn from around the world who advise on how to build a pipeline of female leaders within Coca-Cola. The Atlanta, Georgia based company then chose to look outwards.
“In 2010, we extended our focus beyond the four walls of our business by launching our 5by20 initiative, which aims to enable the economic empowerment of 5 million women entrepreneurs across Coca-Cola’s global value chain by 2020,” explains Angie Rozas, senior director, social impact. “This includes farmers, suppliers, distributors, retailers, recyclers and artisans.” By the end of 2017, 5by20 had enabled 2.4 million women entrepreneurs in 75 countries.
Successful producer programmes are designed to include and empower a high percentage of women farmers
5by20 programmes enable women entrepreneurs to break down the barriers they face. These include business skills training courses, access to financial services and assets, and access to mentoring networks.
Rozas explains that successful producer programmes, such...