coca cola company sustainability report 2020

I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . The program impacted more than 1.3 million women in 2019 alone. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. The global initiative launched in 2018 focuses on designing, collecting and partnering. In 2010, we distributed 2.5 billion PlantBottle packages in 10 major markets, saving more than 60,000 barrels of oil and sequestering the equivalent of nearly 30,000 metric tons of carbon dioxide from our PET plastic bottles. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. 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. This was partially offset by growth in China, Brazil and Nigeria. Filings & Reports . 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. 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. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. Writing a Marketing Plan . Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the 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. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. 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. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. When expanded it provides a list of search options that will switch the search inputs . 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. Proxy Statements; Annual Reviews; 2021 Annual Review. Experienced Policy, Regulatory and Public Affairs practitioner with varied Industry and Association leadership roles, effective communicator, project catalyst and manager and a strong team leader and player proven in mobilising a wide range of stakeholders. 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. Company Provides 2022 Financial Outlook. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. The Coca-Cola Company. The first quarter has five additional days compared to first quarter 2020. 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. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. The organization is on a path to emerge stronger and is positioned for long-term success. Our purpose is to refresh the world and make a difference. 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. 2019 Annual Review. 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. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. This does not include any potential payments related to the ongoing tax litigation with the IRS. 2016 Annual Review. 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.. Sustainable Agriculture Short-Term Experience as Commercialization Manager. 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. 2015 Annual Review. May 2020 - Jun 2022 2 years 2 months. Home; Our Brands. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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). The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team Coca-Cola HBC AG . Also in 2010, our system increased production volume while reducing global carbon emissions by 2 percent, putting us a step closer to our goal of growing our business but not our carbon footprint. Learn all about our sustainability initiatives. CocaCola . TI&Sc Quality and Food Safety Manager. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. Annual Reviews. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. 2022 The CocaCola Company. The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. 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. 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. 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. 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. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. Developing supply chain management principles to support suppliers through COVID-19 disruptions and uphold food quality, social and environmental standards., Advancing Black representation in leadership roles by boosting investment in leader training and internal pipeline development., Updating recruiting and hiring strategies to deploy tools that assess job postings for bias language, and refreshing interview guides with more inclusive messaging and ensuring all interview panels and slates are diverse.. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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 . 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. Explore our Purpose & Vision, History and more. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. All volume percentage changes are computed based on average daily sales for the fourth quarter, unless otherwise noted, and are computed on a reported basis for the full year. 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. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company People matter. Our planet matters. Join to follow The Coca-Cola Company . 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 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. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Mar 2021 - Present2 years 1 month. 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. 1K followers . A track record . Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. Our purpose is to refresh the world and make a difference. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. . 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. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. 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. eaha@LlQx6. 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. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. Sustainability Report 2021 demonstrates the company's progress and . Therefore, the percent change is not meaningful. The. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn 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. And, for the first time ever, its entire content is available exclusively online. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. To make a difference in people's lives, communities and our planet by doing business the right way. We act in ways to create a more sustainable and better shared future. Skilled in Corporate Social Responsibility, Public Policy . %%EOF See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. Lusaka, Zambia pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. ",Ae)` Rv=D3012=J@g,@ GI 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). See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Jun 2021 - Present1 year 10 months. 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. <br><br>After finishing . Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. Experienced FMCG Supply Chain professional. 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. 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. Annual Report. 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. 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 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. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Water replenishment ratio of 159.9%. 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. ", 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. 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 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. Therefore, the percent change is not meaningful. Apr 2021 - Dec 20221 year 9 months. 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. 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 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. 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. 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. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". 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. 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. 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. 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. 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. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. 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%. The company continues to strengthen risk assessments and streamline supplier engagement processes. ET. We act in ways to create a more sustainable and better shared future. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. 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. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. 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. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. 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. Our biggest commitment is to reach carbon neutrality. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Explore our Purpose & Vision, History and more. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com, https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. Careers; . Similar programs launched in Ethiopia and Tanzania. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. 2020 Annual Review. "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. - 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. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. About . 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. We believe working at The Coca-Cola Company is an opportunity to build a meaningful career while helping us make a real difference on a global scale. Globally, we are the No. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. 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. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 Our purpose is to refresh the world and make a difference. 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 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. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore.