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….