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    Water Crisis

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    Vinodshankar Bhat
    The main stakeholders of beverage companies like Coca-Cola and Nestle are the civil society, which includes local communities, pressure groups, and non-governmental organizations. Their main concern is sustainable water resource management and environmental stewardship. While Coca-Cola initially over-extracted water, leading to shortages, they eventually reduced usage by 24% and improved practices. In contrast, Nestle follows unsustainable practices like wasting water in production and lobbying against bans. Moving forward, companies must prioritize relationship-building with stakeholders, engage communities, and balance profitability with responsible resource management and transparency.

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    Water Crisis

    Uploaded by

    Vinodshankar Bhat
    295 views3 pages
    The main stakeholders of beverage companies like Coca-Cola and Nestle are the civil society, which includes local communities, pressure groups, and non-governmental organizations. Their main concern is sustainable water resource management and environmental stewardship. While Coca-Cola initially over-extracted water, leading to shortages, they eventually reduced usage by 24% and improved practices. In contrast, Nestle follows unsustainable practices like wasting water in production and lobbying against bans. Moving forward, companies must prioritize relationship-building with stakeholders, engage communities, and balance profitability with responsible resource management and transparency.

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    The main stakeholders of beverage companies like Coca-Cola and Nestle are the civil society, which includes local communities, pressure groups, and non-governmental organizations. Their main concern is sustainable water resource management and environmental stewardship. While Coca-Cola initially over-extracted water, leading to shortages, they eventually reduced usage by 24% and improved practices. In contrast, Nestle follows unsustainable practices like wasting water in production and lobbying against bans. Moving forward, companies must prioritize relationship-building with stakeholders, engage communities, and balance profitability with responsible resource management and transparency.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    295 views3 pages

    Water Crisis

    Uploaded by

    Vinodshankar Bhat
    The main stakeholders of beverage companies like Coca-Cola and Nestle are the civil society, which includes local communities, pressure groups, and non-governmental organizations. Their main concern is sustainable water resource management and environmental stewardship. While Coca-Cola initially over-extracted water, leading to shortages, they eventually reduced usage by 24% and improved practices. In contrast, Nestle follows unsustainable practices like wasting water in production and lobbying against bans. Moving forward, companies must prioritize relationship-building with stakeholders, engage communities, and balance profitability with responsible resource management and transparency.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Who are the main stakeholders of beverages such as Coca-Cola and Nestlé in this case?

    How
    would you prioritize their stakes and how legitimate are the different stakes?

    Introduction
    Coca-Cola extracts 510,000 L of water per day from groundwater, in which this shows an
    unsustainable process. Thus, leading to a decline of water in the region. By law, Coca Cola
    had to provide tankers that help people obtain water daily.

    As a result of many protests, they reduced 24% of its water use and they installed rainwater-
    harvesting systems in 26 of their plants. Coca Cola became leaders at water management
    practices.

    Even though they started badly, they did end up learning from their mistakes.

    Nestle water company follow a bad marketing strategy such as wastefulness, where they
    waste 3L of water to use 1L bottled water, as well as, they use non-renewable aquifers.

    Nestle claims they have the most environmental bottled water for consumers in the world,
    but this isn't true. As well as, Canada banned bottled water, but Nestle hired lobbyists to
    have access to Canada.

    All these actions sum up that Nestle isn't ethically producing the water bottles, where they
    are continuing with their actions and they didn't start using a more sustainable process.

    - Lost control on water preservations

    - Cannot set prices

    - Lack of sustainability insurance source management

    The Private Sectors


    - Philanthropic responsibility: They should first consider the safety and health of the
    consumers.

    - Ethical responsibility: they should consider the wastefulness they are causing. Consider
    the packaging to be designed or created in a way that is environmentally healthy and the
    transport cost to be lowered. They shouldn’t exploit with non-renewable aquifers such as
    the water from the Fiji Islands, as they are not renewable and cannot be replaced.

    - Legal responsibility: If a country bans bottled water in their country such as Canada,
    Toronto in this case, they should not have hired lobbyists in Canada to get bottled water
    into it and advertise it.
    - Economic responsibility: the privatized companies entering the market such as Nestle only
    enter it for the long run if they apply what is called in the industry “full cost recovery”, and
    that shouldn’t be the point.

    Kerala incident
    Firms
    - Specialized and effecient

    - Increased access to safe water

    - It tends to lower the quality and set high prices

    Asma Nader - 201311286


    Raisa Al Marar - 201300899
    Noora Qassim - 201307001
    The Government
    Stakeholders
    - Water source as a business ethics

    - Privatizing water utilities

    - Water pricing and consequence

    Who are the main Stakeholders of beverage companies such as Coca cola and nestle in
    this case? How would you prioritize their stake and how legitimate are the different
    stakes?

    The Civil society is the main stakeholders of these companies it consists of pressure groups,
    local communities, non-government organizations. The stake of the society can be
    prioritized by
    Relationship-building: Having good relationships – trust, mutual respect, understanding –
    are intangibles that develop and evolve over time, based on individual and collective
    experiences and interactions. For this reason, we must engage with stakeholders at a much
    as early as possible.

    Through proactive involvement of company with the …show more content…


    What are the consequences for accountability, transparency, and participation of
    stakeholders? Discuss the potential and the limits of what corporations can ultimately
    achieve in the business of water? Companies in the arena of water management are more
    inclined towards making profit, increase their market share and growth of the company. The
    growing expectation towards these companies can be evaluated by considering the three
    areas they are
    Social Policies: The Company’s values, beliefs and goals with regards to its social
    environment.
    Social programmes: Specific social programs of activities, measures and instruments
    implemented to achieve social policies.
    Social impacts: social impacts can be traced by looking at concrete changes the corporation
    has achieved through the programmers implemented in any period. Recently companies are
    announcing goals to return to the environment. The companies have now broadened the
    view of responsibility towards various stakeholders. Rather than being simply the agents of
    shareholders, management has now started to take into account the rights and interest of
    all legitimate stakeholders….

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