Cost and Resources

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School

Seneca College *

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Course

870

Subject

Industrial Engineering

Date

Dec 6, 2023

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docx

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Uploaded by minnuuu

Cost and Resources Here are the top 5-10 resources required, along with rough estimates, to conduct a project-level sustainability program to improve Coca-Cola's standing with its shareholders and other significant stakeholders: 1. Sustainability Consultant - A sustainability consultant will be required to provide expertise on sustainability initiatives and aid in project direction. They will be in charge of researching the major sustainability concerns in the stakeholder and materiality analysis and making suggestions for how to deal with them. A rough estimate of the cost to hire a sustainability consultant is $150 to $300 per hour, depending on their experience and scope of work. 2. Water and Wastewater Treatment Equipment - Coca-Cola needs to invest in water and wastewater treatment equipment to reduce water use and water pollution in order to address the water stewardship issue. The machinery will be used in the factories that make Coca-Cola. Depending on the size and complexity of the system, the price of water and wastewater treatment equipment might range from $500,000 to $1,000,000. 3. Sustainable Packaging Materials - Coca-Cola will need to purchase recyclable, compostable, or biodegradable sustainable packaging materials in order to solve the problem of packaging waste. Products for Coca-Cola will be packaged using the materials. Sustainable packaging materials range in price from $500 to $1,000 per ton. 4. Supply Chain Optimization - Coca-Cola must improve its logistics and transportation in order to maintain sustainable practices throughout the supply chain. This may require an investment in more fuel-efficient cars or the creation of environmentally friendly transportation systems. Depending on the size of the project, supply chain optimization will cost between $50,000 and $100,000. 5. Monitoring and Reporting System - This may include using already-existing platforms or creating new applications. Depending on the system's complexity, the cost of monitoring and reporting would vary, but a rough estimate is in the range of $100,000 to $200,000. 6. Community Outreach and Partnerships - Forming alliances with neighbourhood organisations to back sustainability projects and forge bonds. The price of partnerships and community engagement will vary depending on the size and length of the programs, but a rough estimate for a thorough programme is between $50,000 and $100,000. 7. Innovation and R&D - Investing in innovation and R&D to create new technologies and procedures to improve sustainability performance. Depending on the size and extent of the

project, the cost of innovation and research and development would vary, but an approximate range for a thorough programme is between $500,000 and $1 million.

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