1 Coca-Cola's work toward its "drink in your hand" goal reduced its relative carbon emissions by 25% by 2020, against a 2010 baseline. This button displays the currently selected search type. 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. 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. 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. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. 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. Our purpose is to refresh the world and make a difference. Filings & Reports . Ambitious goals for sustainable business operations have not been forgotten. Annual Report. 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. 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. 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. And we will do all of this while maintaining a 100% or more global water replenishment rate.. 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. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. To make a difference in people's lives, communities and our planet by doing business the right . Globally, we are the No. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. 2014 Annual Review. 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. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. 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 first quarter has five additional days compared to first quarter 2020. 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. Introduction to Sustainability Coursera Issued Nov 2020. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Careers; . KEY HIGHLIGHTS OF THE SUSTAINABILITY UPDATE 2020 - 21 World Without Waste As part of its World Without Waste initiative, The Coca-Cola Company (TCCC) is committed to make 100 per cent of its packaging recyclable globally by 2025 and use at least 50 per cent recycled material in its packaging by 2030. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. ",Ae)` Rv=D3012=J@g,@ GI In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. Only through a comprehensive approach can we make transformational and enduring change. To make a difference in people's lives, communities and our planet by doing business the right way. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . | Learn more about Oluwatobiloba Kajero's work experience, education . 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. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. 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. The 2010/2011 Sustainability Report provides an in-depth review on the sustainability efforts of the Company and its nearly 300 bottling partners. 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. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. <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 . 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. The structure of the Sustainability Report 2020 corresponds to the main pillars of Coca-Cola HBC's corporate social responsibility and sustainability, such as reducing emissions and caring for the climate, looking after water and water resources, striving for a world without waste, and an inclusive approach to corporate development. Our purpose is to refresh the world and make a difference. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. 2022 The CocaCola Company. The company also provided an update on its strategic transformation initiatives. Organic revenues (non-GAAP) declined 17%. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. 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. 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. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. We are striving to make packaging part of the circular economy, Perez said. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . "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. Sustainability Report 2021 demonstrates the company's progress and . "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. Explore our Purpose & Vision, History and more. 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. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. Our purpose is to refresh the world and make a difference. Enquiries . 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. Launching a $140+ million PET Packaging Manufacturers of Clean Environment (PACE) initiative in India to create Asias Largest Packaging Waste Management Venture with goal of preventing recyclable packaging material from reaching landfills by 2025. 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. KEY HIGHLIGHTS OF THE SUSTAINABILITY UPDATE 2020 - 21 World Without Waste As part of its World Without Waste initiative, The Coca-Cola Company (TCCC) is committed to make 100 per cent of its packaging recyclable globally by 2025 and use at least 50 per cent recycled material in its packaging by 2030. 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. 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. 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. 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. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. 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. 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. . I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. This efficient use of input materials help in more than doubling the fruit produce. 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. Our biggest commitment is to reach carbon neutrality. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 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 report highlights progress made on all aspects of business, governance and sustainability during 2020. 102-54 Claims of reporting in accordance with the GRI . 2020 Integrated Report ; Integrated Annual Report Finance Manager Hungary. Skilled in Corporate Social Responsibility, Public Policy . "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. The global initiative launched in 2018 focuses on designing, collecting and partnering. Jun 2021 - Present1 year 10 months. The unavailable information could have a significant impact on our full year 2021 reported financial results. 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. Ceres, the sustainability leadership advocacy group, in a recent report ranked Coca-Colasecond highest scorer among food companies on water management, behind Unilever.Over the last 13 years, Coca-Cola has poured roughly $2bn into its water stewardship goals. Our purpose is to refresh the world and make a difference. 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. She has exemplary communication, leadership, innovative and collaborative skills . 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 companys sustainability goals are interlinked.. 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. %%EOF 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. 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.. 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. Brussels, Brussels Region, Belgium. Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. 2019 Annual Review. 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. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site Our pledge as a company is that we will do our part to listen, learn and act with measurable and sustainable actions, Billingsley said. pic.twitter.com/cHqrWnxgXh, Billingsley shared several steps the company is taking to promote diversity, equity and inclusion and mirror the diversity of the communities where we operate.. We committed to include calorie information on the front of nearly all our packages by the end of 2011 and have a physical activity program in 100 countries toward our goal to have one in every country in which we operate by 2015. 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. . 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. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. 1K followers . Sustainable Agriculture Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. - 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. The company continues to strengthen risk assessments and streamline supplier engagement processes. 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. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. Therefore, the percent change is not meaningful. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. 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.. 2016 Annual Review. Explore our Purpose & Vision, History and more. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. ", 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. 4853 0 obj <>stream How many drinks does The CocaCola Company sell worldwide each day? Sustainability Senior Manager - Africa. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn To make a difference in people's lives, communities and our planet by doing business the right way. 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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. May 2020 - Jun 2022 2 years 2 months. Home; Our Brands. Concentrate sales were 1 point ahead of unit case volume, driven by two additional days in the quarter partially offset by the timing of shipments. 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+." 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. 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. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". 2022 The CocaCola Company. "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. hb```6B Lusaka, Zambia Therefore, the percent change is not meaningful. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team The. Plastics We aim to create a more sustainable and better shared future. 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. July 2020 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. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. Mar 2021 - Present2 years 1 month. The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. 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. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. This does not include any potential payments related to the ongoing tax litigation with the IRS. 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. Our purpose is to refresh the world and make a difference. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. Company Provides 2022 Financial Outlook. 2017 Annual Review. 4800 0 obj <>/Filter/FlateDecode/ID[<0BAA659A84D44741B6685DA836576184><052C9A4B0CCFD44A8B1721E43F16254A>]/Index[4761 93]/Info 4760 0 R/Length 163/Prev 876078/Root 4762 0 R/Size 4854/Type/XRef/W[1 3 1]>>stream 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. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency.