Shareholder Resolutions to Provide "Fizz" at Coke and Pepsi Annual        Meetings

WASHINGTON, DC -- For the third year in a row, socially responsive investors will be pressing Coke and Pepsi to do more for container recycling.   While previous shareholder resolutions have been directed to the parent companies, this year socially responsible investors included Coke and Pepsi's major bottlers in the resolutions.
Walden Asset Management, As You Sow Foundation (AYS), and Domini Social Investments, have filed shareholder proposals asking Coca-Cola Company, PepsiCo Inc.,  and two bottling companies, Coca-Cola Enterprises (CCE), and PepsiAmericas (PAS) to set goals to boost beverage container recovery.  PAS is the second largest PepsiCo bottler in the United States and CCE is Coke's anchor U.S. bottler with more than an 85% share of the company's market.
Ken Scott, a portfolio manager at Walden noted: "We have deep concerns with

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Waste News, October 14, 2002.  Reprinted with permission Crain Communications, Inc. and Leo Michael, cartoonist.

CRI to Alcoa:  Clarify Recycling Goals and Endorse Container Deposits

On September 30^th, the Aluminum Association held its annual meeting in Nemacolin. In a keynote address, John Pizzey, Executive Vice President for Alcoa, described some of the moves his company has taken to reduce greenhouse gas emissions, and told the audience that the company had established a set of sustainability goals.
Concerned by the vagueness of Alcoa's sustainability goals, particularly in regard to recycling, and the company's failure to explain how these goals will be achieved, CRI released a response, Holding Alcoa Accountable for its Sustainability Goals.  In releasing the response, Pat Franklin, Executive Director of the Container Recycling Institute, said, "We applaud Alcoa's willingness to implement pollution control measures to mitigate their impact on the global environment, but

goals are meaningless without a plan for reaching them."
In his statement, Mr. Pizzey said that "By 2020, 50 percent of Alcoa's products, except raw ingot that would be sold to others directly, will be made from recycled aluminum." 
CRI Research Director, Jenny Gitlitz, called on Alcoa to flesh out this goal. "Does it mean that these products will be wholly made from recycled aluminum, or partially, and if so, what percent?" Gitlitz asks. "Will the recycled aluminum be post-consumer aluminum or will it be pre-consumer industrial scrap?  The industry has played fast and loose with recycled content terminology and percentages before; we must be vigilant about what these goals really mean."   
Last year, 760,000 tons of aluminum cans were wasted in the United States. 

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