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- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. 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. Concentrate sales were 3 points ahead of unit case volume, largely due to two additional days in the quarter and cycling the Brexit-related inventory reduction in the prior year. 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. Price/mix grew 3% for the quarter, as solid growth in juice and dairy finished-goods brands was partially offset by pressure in the fountain business and away-from-home channels. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. Organic revenues (non-GAAP) declined 17%. Menu. 0 Additionally, the company is constantly reducing the use of . 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. Comparable currency neutral operating income (non-GAAP) declined 6%, driven by pressure in away-from-home channels in Japan and Australia, partially offset by effective cost management. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. This button displays the currently selected search type. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. "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. 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. Back Submit. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. 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. And, for the first time ever, its entire content is available exclusively online. 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. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. Join to view profile Coca-Cola Beverages Zambia. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. 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. 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. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Responsible business | Coca-Cola Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. We act in ways to create a more sustainable and better shared future. Jun 2021 - Present1 year 10 months. 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. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". "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. 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. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 What a wonderful week spending time with our Public Affairs, Communications, Sustainability, The Coca-Cola Foundation and Licensing and Retail teams Liked by Bhumika Gupta Oberoi (She/Her) Another PROUD moment for the University- Ajay Banga, a 63 year old Indian-American has been nominated by the White House to head the World Gurugram, Haryana, India. Explore our Purpose & Vision, History and more. 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. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. 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. 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. 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. 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. People matter. "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. 4761 0 obj <> endobj 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. Our purpose is to refresh the world and make a difference. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. Report. 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. For the fiscal year ending on Decembr 31 each year, presented to the Mexican Stock Exchange Download report Check report history GREEN BOND REPORT 2021 Our green bond reports on the green bond issued September 2020. . While near-term uncertainty remains, we are well-positioned to emerge stronger from the crisis, driven by our purpose and our beverages for life ambition. 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. 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. Only through a comprehensive approach can we make transformational and enduring change. 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. Sustainable Agriculture Operating income declined 2% in the quarter, which included a 3-point currency tailwind. Increasing total sales globally in 2018 and 2019, while reducing added sugar. Plastics 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. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. ET. Careers; . 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). 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. Operating Review Year Ended December 31, 2020. Annual Reviews. - 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. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. The company also provided an update on its strategic transformation initiatives. 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 . Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . 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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Sep 2020 - Apr 20218 months. Our planet matters. Explore our Purpose & Vision, History and more. Unit case volume declined 3% for the quarter and 6% for the year, as continued strength in at-home channels was more than offset by coronavirus-related pressure in away-from-home channels. 578 followers 347 connections. endstream endobj startxref People matter. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. Our purpose is to refresh the world and make a difference. 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. 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. 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 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 . Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site 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. 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. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. July 2020 About . Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. Learn all about our sustainability initiatives. 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 . We act in ways to create a more sustainable and better shared future. 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. To make a difference in people's lives, communities and our planet by doing business the right way. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. 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 . 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. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. - The health and safety of our associates have always been our priority. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. 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. 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. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. Lusaka, Zambia Join to follow The Coca-Cola Company . 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. To make a difference in people's lives, communities and our planet by doing business the right way. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Company Provides 2022 Financial Outlook. 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. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. All rights reserved. ",Ae)` Rv=D3012=J@g,@ GI 4853 0 obj <>stream The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. 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. Water replenishment ratio of 159.9%. 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. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 11K followers 500+ connections. Explore our Purpose & Vision, History and more. Enquiries . Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. <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 . Coca-Cola Nigeria. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. Our purpose is to refresh the world and make a difference. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. Coca-Cola's Chief Sustainability Officer, Bea Perez, discusses the importance of prioritizing our sustainability goals as the business emerges stronger from the global pandemic. Earnings Release "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-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. The report highlights progress made on all aspects of business, governance and sustainability during 2020. 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. A track record . Feb 2021 - Present2 years 2 months. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. 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. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. Lagos, Nigeria. Report this profile Report Report. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. TI&Sc Quality and Food Safety Manager. 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%. 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. 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. 102-54 Claims of reporting in accordance with the GRI . 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. 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. Similar programs launched in Ethiopia and Tanzania. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. 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. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. 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. Proxy Statements; Annual Reviews; 2021 Annual Review. Annual Report. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. Globally, we are the No. 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. Our purpose is to refresh the world and make a difference. 2015 Annual Review. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. 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. 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. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. - 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. Operating Review Three Months Ended December 31, 2020. %%EOF "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. ", Business Environment and Strategic Actions Update. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 2013 Annual Review . 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. Email Alerts. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. 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.
