coca cola company sustainability report 2020

hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) How many drinks does The CocaCola Company sell worldwide each day? 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. Water, enhanced water and sports drinks declined 9% for the quarter and 11% for the year, led by a broad-based decline across operating groups, primarily due to a decline in lower-margin water brands. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. The company expects to deliver free cash flow (non-GAAP) of at least $8.5 billion through cash flow from operations of at least $10.0 billion and capital expenditures of approximately $1.5 billion. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. "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. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. 2018 Annual Review. Lagos, Nigeria. %%EOF Further, the "Investors" section of the website includes certain supplemental information and a reconciliation of non-GAAP financial measures to the companys results as reported under GAAP, which may be used during the call when discussing financial results. Challenging . Explore our Purpose & Vision, History and more. All rights reserved. Jun 2021 - Present1 year 10 months. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. 2020 Integrated Report ; Integrated Annual Report 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+." Our purpose is to refresh the world and make a difference. Filings & Reports . ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". While there are still uncertainties related to the pandemic, the company has greater visibility into its future recovery and is confident that its actions will continue to mitigate the effects of the crisis. By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. Report. eaha@LlQx6. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. 102-54 Claims of reporting in accordance with the GRI . Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. Our Sustainability Stakeholder Report contains a full year of data from 1 January, 2021 to 31 December, 2021 and covers our global business operations in Europe and API. Bea Perez, SVP and Chief Communications, Sustainability & Strategic Partnerships Officer, and Lori Billingsley, Chief Diversity & Inclusion Officer, shared a detailed progress report on the companys key sustainability goals and initiatives, which are anchored by its refreshed purpose and closely aligned with its business strategy. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. Sustainability Senior Manager - Africa. 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. Earnings Release 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. 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. We are striving to make packaging part of the circular economy, Perez said. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn 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 . All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. 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. Sustainability Report 2021 demonstrates the company's progress and . Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. We also exceeded our goal of installing 150,000 hydrofluorocarbon (HFC)-free coolers in 2010, for a cumulative total of 277,000 such units by the end of that year.Additionally, we increased that total to 500,000 by the end of 2011. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. Financing Agreements; In August, Coca-Cola Beverages Philippines announced an investment of US$22 million in its operations to support its expansion projects and maintain its labor forces. 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). <br><br>While serving in these organizations, I have led high-performing teams and provided strategic leadership in: strategic communications, leadership and internal communications, stakeholder and community management, corporate . Gurugram, Haryana, India. - 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. 1 For Bottling Investments, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume after considering the impact of structural changes. The report highlights progress made on all aspects of business, governance and sustainability during 2020. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. 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 act in ways to create a more sustainable and better shared future. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. A new science-based target aims to reduce the companys absolute carbon emissions by 25% by 2030, against a 2015 baseline, in line with the Paris Agreement Goals. At the end of 2020 we announced our ambition to reach net zero greenhouse gas emissions across our entire value chain in Europe by 2040. Explore our Purpose & Vision, History and more. 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. In addition to increasing transparency within the content, we have taken a digital approach to make the report more user-friendly and accessible on a variety of mobile devices. This does not include any potential payments related to the ongoing tax litigation with the IRS. Our purpose is to refresh the world and make a difference. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. 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. . Explore our Purpose & Vision, History and more. 2019 Annual Review. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Similar programs launched in Ethiopia and Tanzania. Our purpose is to refresh the world and make a difference. Careers; . Learn all about our sustainability initiatives. Sustainable Agriculture We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. Proxy Statements; Annual Reviews; 2021 Annual Review. Only through a comprehensive approach can we make transformational and enduring change. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. Since 2000, our average calories per serving decreased by 9 percent globally. 1 For Bottling Investments, 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. Reformulating nearly 1,000 beverages from 2017 to 2019. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 1K followers . Comparable currency neutral operating income (non-GAAP) grew 14% for the quarter and was even for the year, driven by effective cost management across operating groups offset by top-line pressure due to the coronavirus pandemic. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. The program impacted more than 1.3 million women in 2019 alone. | Learn more about Oluwatobiloba Kajero's work experience, education . 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. "Unit case" means a unit of measurement equal to 192 U.S. fluid ounces of finished beverage (24 eight-ounce servings), with the exception of unit case equivalents for Costa non-ready-to-drink beverage products which are primarily measured in number of transactions. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. 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. 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. July 2020 Ambitious goals for sustainable business operations have not been forgotten. Menu. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system employees.For more information, visitwww.coca-colacompany.com, follow us on Twitter attwitter.com/CocaColaCo, or find us on LinkedIn atwww.linkedin.com/company/the-coca-cola-company., 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, www.linkedin.com/company/the-coca-cola-company. 2020 Annual Review. We exceeded our goal to give back at least 1 percent of our operating income to communities worldwide through TheCoca-ColaCompany and TheCoca-ColaFoundation in 2010 by giving $102 million. Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets non-alcoholic ready-to-drink beverages primarily in Australia, New Zealand, Indonesia, Papua New Guinea, and Fiji. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. Sep 2020 - Apr 20218 months. The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. Through early February 2021, the company has experienced a volume decline of mid single digits globally, with continued elevated levels of sales in at-home channels being more than offset by pressure in away-from-home channels. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. And, for the first time ever, its entire content is available exclusively online. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Apr 2021 - Dec 20221 year 9 months. To make a difference in people's lives, communities and our planet by doing business the right way. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. Mar 2021 - Present2 years 1 month. 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. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. In 2010, we improved our water use efficiency for the eighth consecutive year, reducing the average amount of water required to produce each beverage serving. ", 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Leading product development projects for WEBU and DDFI&NE with a cross-functional team that includes Marketing, Finance, Bottler, Technical and R&D. Relevant learnings within this experience: o Lead . ",Ae)` Rv=D3012=J@g,@ GI happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. The company also provided an update on its strategic transformation initiatives. See more Sustainability report About this report The company is hosting a conference call with investors and analysts to discuss fourth quarter and full year 2020 operating results today, Feb. 10, 2021, at 8:30 a.m. 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 . This year's report also received verification by a third party agency, indicating the agency's approval of tracking systems, resulting in an overall B+ grade. Explore our Purpose & Vision, History and more. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. The unavailable information could have a significant impact on our full year 2021 reported financial results. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. The news was disclosed in S&P Global's Annual Yearbook, which confirms the 2021 Dow Jones Sustainability Index (DJSI), one of the world's leading . TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. According to a recent audit, the industry surpassed this target ahead of schedule (14.6% reduction between 2015 and 2019)., Growing Coca-Cola Zero Sugar volume double digits in North America for the third consecutive year in 2019, while continuing to post double-digit growth of mini can sales., Rolling out 100% recycled PET (rPET) plastic packaging in 18 markets and counting. We continued working to make TheCoca-ColaCompany -- and our entire system -- a great place to work, starting with an unwavering commitment toworkplace and human rights. Coca-Cola is committing to sharing diversity, equity and inclusion metrics with senior leaders each quarter, and disclosing results to investors and stakeholders on a regular basis. 4761 0 obj <> endobj For the year, the company lost value share in total NARTD beverages, primarily due to share losses across most category clusters, partially offset by a share gain in sparkling soft drinks. Tea and coffee declined 15% for the quarter and 17% for the year, primarily driven by coronavirus-related pressure on Costa retail stores, along with pressure on the doadan tea business in Turkey. 2017 Annual Review. The. 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. According to an updated Cradle-To-Resin Life Cycle Analysis of Polyethylene Resin by the National Association for PET Container Resources (NAPCOR), a 60% reduction in greenhouse gas emissions and a 75% lower total energy demand may be achieved by replacing a unit of . Our biggest commitment is to reach carbon neutrality. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. "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. Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site Through our strategy of Reduce, Recycle and Replenish, we exceeded our 2020 replenish goal - our water usage ratio was 1.73 liters of water per litre of beverage produced a reduction of 32.4% since 2010. Therefore, the percent change is not meaningful. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company Experienced FMCG Supply Chain professional. 2022 The CocaCola Company. 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. All rights reserved. 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. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. "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. Note: Certain rows may not add due to rounding. She has exemplary communication, leadership, innovative and collaborative skills . We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. 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. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. At The Coca-Cola Company, we strive to use our leadership to be part of the solution to achieve positive change in the world and to build a more sustainable future for our planet. Since 2012, this work has added up to more than 1.5 trillion liters of freshwater returned to the environment and communities., Delivering an 18% improvement in water use efficiency in operations since 2010.. Concentrate sales were 4 points ahead of unit case volume, driven by two additional days in the quarter and cycling the timing of shipments in Brazil in the prior year. Extending a global pay equity analysis to ensure employees in equal or similar jobs are paid fairly, without regard to gender (globally) or race/ethnicity (in the U.S.). Join to follow The Coca-Cola Company . endstream endobj startxref Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. 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.

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