The Coca-Cola Company continues to invest in its core sustainability priorities \u2013 which align with the United Nations Sustainable Development Goals (SDGs) \u2013 amid the COVID-19 pandemic, Chairman and CEO James Quincey said in a\u00a0panel discussion\u00a0held around the virtual opening of the UN General Assembly. In 1945, 46 nations gathered to sign the United Nations charter to help rebuild after the devastation of World War II. Seventy-five years later, the world still needs a truly global forum where government, business and civil society can come together to jointly confront our biggest challenges, including climate change, resource scarcity, gender equality and social justice. Quincey spoke about steps the company is taking to promote racial equality and to address systemic racism in the United States, including pledging to spend an incremental $500 million with Black-owned businesses over the next five years, on top of its previously stated goal to spend $1 billion with diverse suppliers by 2020. "Our pledge as a company is that we will do our part to listen, learn and act. We\u00a0are committed to making a difference in our communities and within our company by mobilizing our history of advancing civil rights.\u201d\u00a0 Quincey said. The Coca-Cola Company evaluates the 17 SDGs and focuses its actions on where it can make the biggest impact in collaboration with partners. Its \u201cNorth Star,\u201d Quincey said, is to emerge from the crisis stronger in terms of business fundamentals, sustainability results and stakeholder engagement. During the pandemic, the company has continued to move the needle against several key priorities, including water leadership through partnerships that have provided more than 10.6 million people with access to clean water since 2010. Earlier this week, Coca-Cola joined the UN Global Compact Water Resilience Coalition in partnership with WaterAid to propel access to clean water to the top of the corporate agenda, post-COVID. The company also joined Business for Nature\u2019s Call to Action to urge governments to take urgent steps to protect the world\u2019s natural resources. Coca-Cola continues to drive its World Without Waste vision to collect a bottle or can for every one it sells globally \u2013 along with ensuring packaging is fully recyclable and using more recycled content. While the coronavirus has impacted recycling collection rates \u2013 and low oil prices have made virgin plastic cheaper than recycled plastic \u2013 Coca-Cola has worked with suppliers and partners to drive availability of recycled plastic. \u201cFor example, in March, Coca-Cola Beverages Philippines signed an agreement with our Thai-based partner Indorama to establish PETValue, the largest bottle-to-bottle recycling facility in the country, able to process almost 2 billion plastic bottles per year. Our partners like Indorama are investing alongside us to build the circular economy, even during a pandemic.\u201d Quincey also noted that the company was an inaugural investor in Circulate Capital, an investment firm dedicated to financing companies, infrastructure and innovation that prevent the flow of plastic waste into the world\u2019s oceans. The fund has raised more $100 million to date and, in April, announced its first two investments: a company in India that turns difficult-to-manage flexible plastics into high-quality recycled plastic granules, and a female-led company in Indonesia specializing in recycling PET bottles into rPET flakes, which are used to manufacture other packaging and textiles. \u201cWhile our progress is being impacted by COVID, our goals and our focus on delivery has not wavered at all,\u201d Quincey said during the Sept. 23 online event organized by The UN Global Compact. \u201cQuite frankly, we\u2019ve just kept going.\u201d HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR Top 10 Smartphone Brands Capture 88% Market Share in Q2 2020 as Huawei and Samsung Tie at 20% Worldwide\u00a0smartphone\u00a0sales suffered a hit during the second quarter of 2020, dropping by 20.4%. In total, 294.7 million units were sold during the three-month period compared to 370.3 million units in Q2 2019. 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