coca cola company sustainability report 2020

Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. The company invites participants to listen to a live webcast of the conference call on the companys website, http://www.coca-colacompany.com, in the "Investors" section. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. A strong business leader with a growth mindset with 30 years' experience having managed large businesses at a P&L level, both in India & international markets, and functional roles at Regional and National level in a large multinational environment.<br><br>My core strength is in Operations and People Leadership and have delivered signature achievements in the multiple business leadership . Experienced FMCG Supply Chain professional. The Netherlands and Norway recently became the second and third markets in Western Europe (after Sweden) to transition to 100% rPET for their entire portfolios.. To make a difference in people's lives, communities and our planet by doing business the right way. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". Explore our Purpose & Vision, History and more. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. As a result, the company has reinstated guidance and is providing its 2021 outlook. Our purpose is to refresh the world and make a difference. 2014 Annual Review. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 3 Due to the combination of multiple business models in the Global Ventures segment, the composition of concentrate sales and price/mix may fluctuate materially on a periodic basis. We believe working at The Coca-Cola Company is an opportunity to build a meaningful career while helping us make a real difference on a global scale. Sustainable Agriculture This does not include any potential payments related to the ongoing tax litigation with the IRS. A track record . The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. She has exemplary communication, leadership, innovative and collaborative skills . Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. The company is confident in its ability to gain share and consumers, maintain strong system economics, strengthen its reputation with key stakeholders and position the organization to win. Unit case volume declined 4% for the quarter, primarily due to coronavirus-related pressure in away-from-home channels in Europe and South Africa, partially offset by growth in Western Africa and Turkey. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. Explore our Purpose & Vision, History and more. ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. From trademark Coca-Cola to Sports, Juice & Dairy Drinks, Alcohol Ready-to-Drink Beverages and more, discover some of our most popular brands in North America and from around the world. We believe working at The Coca-Cola Company is an opportunity to build a meaningful career while helping us make a real difference on a global scale. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. The Coca-Cola Company is committed to good corporate governance, which promotes the long-term interests of shareowners, strengthens Board and management accountability and helps build public trust in the Company. As of the end of 2010, we had achieved 93 percent alignment, and by the end of 2011 we estimate 96 percent alignment with our stringent standards. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. Explore our Purpose & Vision, History and more. Back. Courtesy of Coca-Cola The impact speaks for itself: A 2020 report from Break Free From Plastic collected 13,834 pieces of Coca-Cola-branded waste across 51 countriesmore than the. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. In 2010, we distributed 2.5 billion PlantBottle packages in 10 major markets, saving more than 60,000 barrels of oil and sequestering the equivalent of nearly 30,000 metric tons of carbon dioxide from our PET plastic bottles. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. We act in ways to improve people's lives, from our employees to those who touch our business to the many communities we call home. Back Submit. Atlanta, Georgia, United States. Sustainability Report 2021 demonstrates the company's progress and . For the Bottling Investments operating segment for the full year, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume after considering the impact of structural changes. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. Concentrate sales were 3 points behind unit case volume due to cycling the timing of shipments in China in the prior year, partially offset by two additional days in the quarter. Coca-Cola is a globally distributed brand with products that contribute to the obesity epidemic, the plastic pollution crisis, and water scarcity in vulnerable communities, all of which harm. ", TheCoca-ColaCompany reported against the GRI's key performance indicators in the areas of economic, environmental and social performance and self-declared a B grade against the new GRI G3.1 guidelines. The organization is on a path to emerge stronger and is positioned for long-term success. People matter. Human Rights | Coca-Cola European Partners Investors Contact Our human rights journey November 2020 Listed on the Dow Jones Sustainability Index for a fifth year (one of just four beverage companies to be listed on the DJSI World Index and one of three to be listed on the DJSI Europe Index). In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. The first quarter has five additional days compared to first quarter 2020. An audio replay in downloadable digital format and a transcript of the call will be available on the website within 24 hours following the call. In the Company's effort to increase transparency across its broad sustainability platform, this year's Report was created using stakeholder feedback and, for the first time, follows the disclosure and reporting requirements of the Global Reporting Initiative (GRI) to achieve a self-declared grade level "B+." Boosting PET recycling rates in Kenya from 5% in 2018 to 35% in 2019 via industry efforts to support the PETCO recycling model developed in South Africa. About . Additionally, the company is constantly reducing the use of . Short-Term Experience as Commercialization Manager. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. Lusaka, Zambia In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. The portal for Sustainability Reporting. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. For the Bottling Investments operating segment for the fourth quarter, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume computed based on total sales (rather than average daily sales) in each of the corresponding periods after considering the impact of structural changes. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. For the year, the company lost value share in total NARTD beverages due to coronavirus-related restrictions in away-from-home channels, where the company has a strong share position. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. 11K followers 500+ connections. | Learn more about Oluwatobiloba Kajero's work experience, education . Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. For comparable net revenues (non-GAAP), the company expects a 2% to 3% currency tailwind based on the current rates and including the impact of hedged positions. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. Coca-Cola HBC AG . Water replenishment ratio of 159.9%. Coca-Cola's brand value from 2006 to 2022 (in billion U.S. dollars) Most sustainable consumer goods companies in the United States in 2020 Most sustainable consumer goods companies in the. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. ",Ae)` Rv=D3012=J@g,@ GI Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.7 billion servings a day. Organic revenues (non-GAAP) declined 17%. The Coca-Cola Company has advanced its core sustainability priorities - from water replenishment to sugar reduction to diversity and inclusion - in 2020 despite unprecedented challenges presented by a global pandemic, natural disasters, social unrest and more, senior leaders told investors on Nov. 13 . Oluwatobiloba is an experienced professional skilled in managing and monitoring market trends, driving strategic brand development and executing campaigns and ensuring marketing activities ultimately drive profitable business growth. 2022 The CocaCola Company. Unit case volume declined 7% for the quarter, primarily due to the impact of the coronavirus pandemic across key markets and adverse weather in Southeast Asia. View Governance. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. We believe working at The Coca-Cola Company is an opportunity to build a meaningful career while helping us make a real difference on a global scale. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. Experienced Policy, Regulatory and Public Affairs practitioner with varied Industry and Association leadership roles, effective communicator, project catalyst and manager and a strong team leader and player proven in mobilising a wide range of stakeholders. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. From trademark Coca-Cola to Sports, Juice & Dairy Drinks, Alcohol Ready-to-Drink Beverages and more, discover some of our most popular brands in North America and from around the world. As of December 31, 2021, Coca-Cola FEMSA had allocated US$350.12 million of green bond net proceeds to projects supporting climate action, water stewardship, and a circular economy. For the year, the company's value share in total NARTD beverages was even as a share gain in the tea and coffee category cluster was offset by share losses in the other category clusters. The company's new sustainability campaign "Deliver for Today, Inspire for Tomorrow" focuses on corporate and environmental sustainability with the goal of leading the industry in two major areas: energy and climate change and sustainable packing and recycling. With new digital tools available to more people, the report was also created in a unique format offering easier access from smart phones, tablets and other popular mobile devices. July 2020 Mar 2021 - Present2 years 1 month. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. - Committed investments of USD 1.7 Billion to Indias agri-ecosystem along with partners to create a healthy local juice and concentrate supply chain with successful and thriving farming communities and ecosystems. Juice, dairy and plant-based beverages declined 2% for the quarter and 9% for the year, as solid performance by Simply and fairlife in North America was more than offset by a decline in Minute Maid in the fountain business. Principles for Sustainable Agriculture (PSA), What the Fanta Mystery Flavors and Campaign, Coca-Cola Christmas Caravan Twenty Fifth Anniversary, Coca-Cola Zero Sugar Invites Fans to #TakeATaste, Simply Mixology Raises the Bar of At-Home Mocktail & Cocktail Experiences, Sprite, Fresca, Seagrams, & Mark Ronson Madlib Music Connection. The program impacted more than 1.3 million women in 2019 alone. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. 2013 Annual Review . And, for the first time ever, its entire content is available exclusively online. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. The Coca-Cola Company, American corporation founded in 1892 and today engaged primarily in the manufacture and sale of syrup and concentrate for Coca-Cola, a sweetened carbonated beverage that is a cultural institution in the United States and a global symbol of American tastes. "Unit case volume" means the number of unit cases (or unit case equivalents) of company beverages directly or indirectly sold by the company and its bottling partners to customers or consumers. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. In addition to the data in the preceding tables, operating results included the following: The 2021 outlook information provided below includes forward-looking non-GAAP financial measures, which management uses in measuring performance. Therefore, the percent change is not meaningful. Unit case volume grew 2% for the quarter, led by solid performance in sparkling soft drinks in Brazil, partially offset by a decline in away-from-home channels in Mexico. Given the above considerations, the company expects to deliver comparable EPS (non-GAAP) percentage growth of high single digits to low double digits versus $1.95 in 2020. Join to view profile Coca-Cola Beverages Zambia. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. Plastics Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Comparable EPS (non-GAAP) is expected to include an approximate 2% currency headwind based on the current rates and including the impact of hedged positions. Our purpose is to refresh the world and make a difference. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. Developing a touch-less option for Coca-Cola Freestyle machines in the U.S., allowing consumers to select and pour drinks them via smartphone all without touching the machines screen. %%EOF The company continues to strengthen risk assessments and streamline supplier engagement processes. For both the quarter and the full year, the decline was primarily due to pressure in the fountain business in North America and away-from-home channels in Western Europe due to the coronavirus pandemic. This was partially offset by growth in China, Brazil and Nigeria. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. Responsible to work with FBO, CBO and contract manufacturer/co-packer Operational Heads & QFS managers to implement QFS strategies and policies to protect and enhance The Coca-Cola Company resources, assets, trademarks and corporate . "In 2020, employees from across The Coca-Cola Company and its bottling system worked tirelessly to learn and adapt amidst a global crisis," said James Quincey, chairman and CEO of The Coca-Cola Company. 1K followers . However, for readers to have more up-to-date information, we have also included highlights of COVID-19 related humanitarian relief measures that were implemented in 2021. Sustainable Development Reports | Swire Coca-Cola Sustainability Overview Planet Product People SD Reports Sustainable Development Reports Further details of our environmental and social performance are outlined in our Sustainability Report. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Email Alerts. All rights reserved. How many drinks does The CocaCola Company sell worldwide each day? We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Principles for Sustainable Agriculture (PSA), What the Fanta Mystery Flavors and Campaign, Coca-Cola Christmas Caravan Twenty Fifth Anniversary, Coca-Cola Zero Sugar Invites Fans to #TakeATaste, Simply Mixology Raises the Bar of At-Home Mocktail & Cocktail Experiences, Sprite, Fresca, Seagrams, & Mark Ronson Madlib Music Connection. Lagos, Nigeria. I actively engage with stakeholders to strengthen The Coca-Cola Company's impact and deliver value to the business across Texas and other centrally located states in the U.S. This button displays the currently selected search type. The Coca-Cola Company reported against the GRI's key performance indicators in the areas of economic, environmental and social performance and self-declared a B grade against the new GRI G3.1 guidelines. The global initiative launched in 2018 focuses on designing, collecting and partnering. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. 102-51 Date of most recent report April 2020 102-52 Reporting cycle The Coca-Cola Company reports annually on its sustainability progress and performance. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. "Our beverages are offered in returnable glass bottles and are 100% recyclable. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. During my studies I have completed a lot of projects (in and out of the lab) working with other people and developed my skills in solving different problems. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. hb```6B Annual Reviews. The Coca-Cola Company is committed to good corporate governance, which promotes the long-term interests of shareowners, strengthens Board and management accountability and helps build public trust in the Company. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full-year 2021 results, including another quarter of sequential improvement in volume trends compared to 2019. All volume percentage changes are computed based on average daily sales for the fourth quarter, unless otherwise noted, and are computed on a reported basis for the full year. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. More than 20% of the companys global portfolio is in refillable or fountain packaging. This role a strategic role that supports the franchises within Coca-Cola Africa to develop, review and support implementation of sustainability imperatives in package waste management (primarily including, package design, collection and recycled content . Brussels, Brussels Region, Belgium. Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. "The progress we made in 2020, including the actions taken to accelerate the transformation of our company, gives us confidence in returning to growth in the year ahead. Unit case volume declined 7% for the quarter, as strong growth in sparkling soft drinks in at-home channels along with growth in AHA, fairlife and Powerade Zero was more than offset by a decline in the fountain business. Principles for Sustainable Agriculture (PSA), What the Fanta Mystery Flavors and Campaign, Coca-Cola Christmas Caravan Twenty Fifth Anniversary, Coca-Cola Zero Sugar Invites Fans to #TakeATaste, Simply Mixology Raises the Bar of At-Home Mocktail & Cocktail Experiences, Sprite, Fresca, Seagrams, & Mark Ronson Madlib Music Connection. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. We invest to improve peoples lives, from our employees to all those who touch our business system, to our investors, to the broad communities we call home. <br><br>After finishing . Livingstone University. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. The company also provided an update on its strategic transformation initiatives. 102-53 Contact point for questions regarding the report Please visit our Contact Us webpage, email us or call 1-800-GET-COKE (U.S. only). . 4761 0 obj <> endobj The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. Our Principles for Sustainable Agriculture advance sustainable sourcing of our agricultural ingredients at the farm level, taking a longer-term perspective to reflect our expanding portfolio, increasingly diverse supply chains and the most recent science to support farmer livelihoods and ensure continuity of supply. Fiscal Year Ended Dec 31, 2020. Creating a $100 million fund with The Recycling Partnership, Closed Loop Partners and World Wildlife Fund in the U.S. to reclaim more plastic bottles so they can be remade into new bottles. Coca-Cola HBC has been awarded a gold medal in The Sustainability Yearbook 2021, which ranks company sustainability performance by industry, according to their | 10 comments on LinkedIn We believe working at The Coca-Cola Company is an opportunity to build a meaningful career while helping us make a real difference on a global scale. Enquiries . . Sep 2020 - Apr 20218 months. Skilled in Corporate Social Responsibility, Public Policy . Note: Certain rows may not add due to rounding. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Feb 2021 - Present2 years 2 months. First quarter 2020 financial results were impacted by one less day as compared to the same period in 2019, and fourth quarter 2020 financial results were impacted by two additional days as compared to the same period in 2019. endstream endobj startxref Ambitious goals for sustainable business operations have not been forgotten. Our CEO James Quincey has made it very clear what our commitment is this commitment and alignment from the very top drives the top-down effect of ensuring the senior leaders of the company are invested in building accountability and leading by example., Coca-Colas Chief Diversity and Inclusion Officer discusses the importance of taking action to create a diverse, safe and equal work environment. The company is not able to reconcile full year 2021 projected organic revenues (non-GAAP) to full year 2021 projected reported net revenues, full year 2021 projected comparable net revenues (non-GAAP) to full year 2021 projected reported net revenues, full year 2021 projected underlying effective tax rate (non-GAAP) to full year 2021 projected reported effective tax rate or full year 2021 projected comparable EPS (non-GAAP) to full year 2021 projected reported EPS without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact of changes in foreign currency exchange rates; the exact timing and amount of acquisitions, divestitures and/or structural changes; and the exact timing and amount of comparability items throughout 2021.

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