", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. 2016 Annual Review. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. - Foundation, Anandana, has set up 300+ water replenishment structures with a potential of replenishing 14 billion liters of water which has further benefitted more than 1 Million community members. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . 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 report highlights progress made on all aspects of business, governance and sustainability during 2020. 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. 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. Report. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . Sep 2020 - Apr 20218 months. May 2020 - Jun 2022 2 years 2 months. 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. 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. The first quarter has five additional days compared to first quarter 2020. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Coca-Cola HBC AG . For Costa non-ready-to-drink beverage products, "concentrate sales" represents the amount of coffee beans and finished beverages (in all instances expressed in equivalent unit cases) sold by the company to customers or consumers. 2020 BUSINESS & ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT This report is a reflection of how, together with our bottling partners, we navigated the COVID-19 crisis as a global business while advancing our environmental, social and governance (ESG) priorities. Fiscal Year Ended Dec 31, 2020. 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. TI&Sc Quality and Food Safety Manager. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. The. | Learn more about Oluwatobiloba Kajero's work experience, education . 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. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. We are striving to make packaging part of the circular economy, Perez said. Global Unit Case Volume Declined 3% for the Quarter and 6% for the Full Year, Net Revenues Declined 5% for the Quarter and 11% for the Full Year; Organic Revenues (Non-GAAP) Declined 3% for the Quarter and 9% for the Full Year, Operating Income Grew 8% for the Quarter and Declined 11% for the Full Year; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 14% for the Quarter and Was Even for the Full Year, Fourth Quarter EPS Declined 29% to $0.34, and Comparable EPS (Non-GAAP) Grew 6% to $0.47; Full Year EPS Declined 13% to $1.79, and Comparable EPS (Non-GAAP) Declined 8% to $1.95, Cash from Operations Was $9.8 Billion for the Full Year, Down 6%; Full Year Free Cash Flow (Non-GAAP) Was $8.7 Billion, Up 3%. Zug, Switzerland - 1 February 2022 - Coca-Cola HBC has again been rated Europe's most sustainable beverage company, and for the 11 th consecutive year has been ranked among the top three beverage industry performers globally.. This report is the company's maiden sustainability performance disclosure, highlighting the impact the company has created in the community along with the key sustainability initiatives across the value chain, according to a press release. 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. We aim to create a more sustainable and better shared future. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. Home; Our Brands. <br><br>After finishing . We act in ways to create a more sustainable and better shared future. 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. Company Provides 2022 Financial Outlook. About . 2018 Annual Review. Our sustainability strategy guides how we support and engage the remarkable people behind our brands, from farmers and employees to the communities we call home, and delivers on our commitments to safeguard the health of the environment. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. 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). Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. 2020 Integrated Report ; Integrated Annual Report Our purpose is to refresh the world and make a difference. Sustainability Report 2021 demonstrates the company's progress and . Concentrate sales were 3 points ahead of unit case volume, primarily due to two additional days in the quarter (a 2-point benefit) and cycling the Brexit-related inventory reduction in the prior year. Therefore, the percent change is not meaningful. In 2020, Coca-Cola pledged over Rs.70 million through its COVID-19 response program where it donated test kits to the Ministry of Health, essential packs to communities that needed it the most and conducted disinfection programs in multiple local communities. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. 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. Additionally, the company is constantly reducing the use of . "Price/mix" represents the change in net operating revenues caused by factors such as price changes, the mix of products and packages sold, and the mix of channels and geographic territories where the sales occurred. 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). And, for the first time ever, its entire content is available exclusively online. Note: Certain rows may not add due to rounding. 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. 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 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. 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. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. ", 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. hb```6B 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. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. Our PlantBottle technology, which allows us to replace 100 percent petroleum-based PET plastic with PET plastic that contains up to 30 percent material derived from plants, is becoming more widely used around the world. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. "Our beverages are offered in returnable glass bottles and are 100% recyclable. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. Annual Reviews. Organic revenues (non-GAAP) declined 17%. Fruit Circular Economy starts with the Unnati program, which is farm-level productivity enhancement by creating a belief among farmers in using Ultra-high to high density fruit plantation coupled with modern Package of Practices (POP). We act in ways to create a more sustainable and better shared future. 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. 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 . 0 Investors and Analysts: Tim Leveridge, [email protected], https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. 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. 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. Ambitious goals for sustainable business operations have not been forgotten. In 2020, built on this by joining the U.S. Plastics Pact to galvanize action beyond the beverage industry to ensure that all plastic packaging gets collected.. 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. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. 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. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. 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. - 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. Download report Check report history Explore our Purpose & Vision, History and more. 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.. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. The revenue declines were primarily driven by coronavirus-related pressure on Costa retail stores, partially offset by strong performance in Costa Express machines in the United Kingdom. Our biggest commitment is to reach carbon neutrality. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. 2019 Annual Review. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Mar 2021 - Present2 years 1 month. To make a difference in people's lives, communities and our planet by doing business the right way. The companys sustainability goals are interlinked.. Proxy Statements; Annual Reviews; 2021 Annual Review. "Concentrate sales" represents the amount of concentrates, syrups, beverage bases, source waters and powders/minerals (in all instances expressed in equivalent unit cases) sold by, or used in finished beverages sold by, the company to its bottling partners or other customers. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. 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. When expanded it provides a list of search options that will switch the search inputs . 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. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. 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. endstream endobj startxref Join to follow The Coca-Cola Company . Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. 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. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. "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. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. 1K followers . Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. %PDF-1.6 % By becoming better ourselves, we can help build a stronger, more sustainable future for us all. 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. - The health and safety of our associates have always been our priority. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. 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. To make a difference in people's lives, communities and our planet by doing business the right way. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. 2017 Annual Review. 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. Therefore, the percent change is not meaningful. 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. . The global initiative launched in 2018 focuses on designing, collecting and partnering. Plastics 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. As a result, the company has reinstated guidance and is providing its 2021 outlook. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. This does not include any potential payments related to the ongoing tax litigation with the IRS. 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, Achieving the companys water replenishment goal to return 100% of water used annually by 2020 in 2015, five years ahead of schedule., Returning the equivalent of 160% of water used in finished beverages back to communities and nature as of 2019. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. The company also provided an update on its strategic transformation initiatives. 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 . While volume trends have broadly remained resilient amidst the continuing uncertainty surrounding the coronavirus pandemic, the company experienced incremental pressure in December and into the early part of this year due to a resurgence of the coronavirus in many parts of the world. Atlanta, Georgia, United States. 2014 Annual Review. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Water replenishment ratio of 159.9%. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 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. Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. Back. 2020 Annual Review. 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. In the reconciliation of reported net revenues, "concentrate sales" represents the percent change in net revenues attributable to the increase (decrease) in concentrate sales volume for the geographic operating segments and the Global Ventures operating segment after considering the impact of structural changes. "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. We act in ways to create a more sustainable and better shared future. Similar programs launched in Ethiopia and Tanzania. All rights reserved. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. Challenging . Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. 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. Our purpose is to refresh the world and make a difference. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. Led byCoca-Cola, the world's most valuable brand, our Company's portfolio features 15 billion dollar brands including Diet Coke, Fanta, Sprite,Coca-ColaZero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. 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. 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. A track record . Annual Report. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. 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 .
