coca cola company sustainability report 2020

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. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. After finishing . Download report Check report history - 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. 11K followers 500+ connections. 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. . Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. eaha@LlQx6. 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. 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. Apr 2021 - Dec 20221 year 9 months. 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 . 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. When expanded it provides a list of search options that will switch the search inputs . . 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. 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 . 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 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. Filings & Reports . The organization is on a path to emerge stronger and is positioned for long-term success. ET. More than 20% of the companys global portfolio is in refillable or fountain packaging. 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. Note: Certain rows may not add due to rounding. 4853 0 obj <>stream pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. Water replenishment ratio of 159.9%. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. Our purpose is to refresh the world and make a difference. Our purpose is to refresh the world and make a difference. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. We are striving to make packaging part of the circular economy, Perez said. Our purpose is to refresh the world and make a difference. This multi-year effort includes addressing internal policies; supporting inclusive legislation (such as the hate-crime bill in Georgia, which was signed into law); committing to spending at least $500 million with Black-owned businesses in the U.S. over the next five years; and awarded $1 million to The Equal Justice Initiative to support communities marginalized by poverty and discouraged by unequal treatment. 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. How many drinks does The CocaCola Company sell worldwide each day? 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. hb```6B Gurugram, Haryana, India. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. People matter. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. Our biggest commitment is to reach carbon neutrality. 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. About . 4761 0 obj <> endobj 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. 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. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. We aim to create a more sustainable and better shared future. ", 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. 2020 Integrated Report ; Integrated Annual Report 1 For Bottling Investments, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume computed based on total sales (rather than average daily sales) in each of the corresponding periods after considering the impact of structural changes. 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.. The company also provided an update on its strategic transformation initiatives. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. Skilled in Corporate Social Responsibility, Public Policy . Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 578 followers 347 connections. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. Water replenishment ratio of 159.9%. For the year, the company lost value share in total NARTD beverages due to coronavirus-related restrictions in away-from-home channels, where the company has a strong share position. The unavailable information could have a significant impact on our full year 2021 reported financial results. "In 2020, employees from across The Coca-Cola Company and its bottling system worked tirelessly to learn and adapt amidst a global crisis," said James Quincey, chairman and CEO of The Coca-Cola Company. 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. Sep 2020 - Apr 20218 months. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. 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. 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. 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). We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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 Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Comparable net revenues (non-GAAP) are expected to include a minimal currency impact based on the current rates and including the impact of hedged positions. 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. The company continues to strengthen risk assessments and streamline supplier engagement processes. 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. 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. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Coca-Cola HBC AG . And we will do all of this while maintaining a 100% or more global water replenishment rate.. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. 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. 2013 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 CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. To make a difference in people's lives, communities and our planet by doing business the right way. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Ambitious goals for sustainable business operations have not been forgotten. 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. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. The company also provided an update on its strategic transformation initiatives. Proxy Statements; Annual Reviews; 2021 Annual Review. 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. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . Menu. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . The report highlights progress made on all aspects of business, governance and sustainability during 2020. 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. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. 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. 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. 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 . 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. "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. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system employees.For more information, visitwww.coca-colacompany.com, follow us on Twitter attwitter.com/CocaColaCo, or find us on LinkedIn atwww.linkedin.com/company/the-coca-cola-company., Principles for Sustainable Agriculture (PSA), What the Fanta Mystery Flavors and Campaign, Coca-Cola Christmas Caravan Twenty Fifth Anniversary, Coca-Cola Zero Sugar Invites Fans to #TakeATaste, Simply Mixology Raises the Bar of At-Home Mocktail & Cocktail Experiences, Sprite, Fresca, Seagrams, & Mark Ronson Madlib Music Connection, www.linkedin.com/company/the-coca-cola-company. 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. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. Livingstone University. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. Writing a Marketing Plan . We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. We act in ways to improve people's lives, from our employees to those who touch our business to the many communities we call home. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. As a result, the company has reinstated guidance and is providing its 2021 outlook. The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. Report this profile Report Report. 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. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. The program impacted more than 1.3 million women in 2019 alone. 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. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. My core strength is in Operations and People Leadership and have delivered signature achievements in the multiple business leadership . 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. Brussels, Brussels Region, Belgium. 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. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. 2014 Annual Review. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. Explore our Purpose & Vision, History and more. 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 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. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. 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 . Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. Explore our Purpose & Vision, History and more. Careers; . We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. Volume performance included solid growth in sparkling soft drinks in China and India. 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 Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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. Back Submit. 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. 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. Introduction to Sustainability Coursera Issued Nov 2020. Budapest, Hungary. TI&Sc Quality and Food Safety Manager. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. And, for the first time ever, its entire content is available exclusively online. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. 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 includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. Coca-Cola is committing to sharing diversity, equity and inclusion metrics with senior leaders each quarter, and disclosing results to investors and stakeholders on a regular basis. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. 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. To make a difference in people's lives, communities and our planet by doing business the right way. Reformulating nearly 1,000 beverages from 2017 to 2019. Earnings Release "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . 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.. By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. Only through a comprehensive approach can we make transformational and enduring change. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The Coca-Cola Company is committed to good corporate governance, which promotes the long-term interests of shareowners, strengthens Board and management accountability and helps build public trust in the Company. Therefore, the percent change is not meaningful. Our planet matters. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. The first quarter has five additional days compared to first quarter 2020. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Unit case volume declined 4% for the quarter, primarily due to adverse weather in Southeast Asia along with coronavirus-related pressure in away-from-home channels in most markets in the region. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. 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. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. 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. Back. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. Experienced FMCG Supply Chain professional. Our planet matters. 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. 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. 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. Finance Manager Hungary. 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. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit .