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. 2019 Annual Review. 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. Join to follow The Coca-Cola Company . The report highlights progress made on all aspects of business, governance and sustainability during 2020. July 2020 "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. Since 2000, our average calories per serving decreased by 9 percent globally. Lagos, Nigeria. In addition to the data in the preceding tables, operating results included the following: The 2021 outlook information provided below includes forward-looking non-GAAP financial measures, which management uses in measuring performance. Explore our Purpose & Vision, History and more. 102-54 Claims of reporting in accordance with the GRI . Annual Report. The company also provided an update on its strategic transformation initiatives. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. 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. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. Explore our Purpose & Vision, History and more. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. The companys sustainability goals are interlinked.. We act in ways to create a more sustainable and better shared future. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . 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. ", 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. The company continues to strengthen risk assessments and streamline supplier engagement processes. The Coca-Cola Company. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. 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. 2018 Annual Review. 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. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. 4853 0 obj <>stream Extending a global pay equity analysis to ensure employees in equal or similar jobs are paid fairly, without regard to gender (globally) or race/ethnicity (in the U.S.). Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. This innovation will be available on all Freestyle machines in the U.S. by the end 2020. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . - 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. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. Only through a comprehensive approach can we make transformational and enduring change. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. 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. "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. 2017 Annual Review. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. 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. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. Coca-Cola Nigeria. ",Ae)` Rv=D3012=J@g,@ GI Globally, we are the No. Ambitious goals for sustainable business operations have not been forgotten. 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. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. We act in ways to create a more sustainable and better shared future. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. . Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. The global initiative launched in 2018 focuses on designing, collecting and partnering. 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. This button displays the currently selected search type. Back. 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. Explore our Purpose & Vision, History and more. 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. Annual Reviews. 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. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. "Our beverages are offered in returnable glass bottles and are 100% recyclable. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. Experienced FMCG Supply Chain professional. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. For 14+ years, I have worked at the intersection of Public Policy, ESG and Communications for: The United Nations, The Coca-Cola Company, Unilever and Diageo. 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. 2020 Integrated Report ; Integrated Annual Report The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. 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. 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.. And, for the first time ever, its entire content is available exclusively online. 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. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. Coca-Cola HBC AG . Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. 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. 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. Proxy Statements; Annual Reviews; 2021 Annual Review. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. To make a difference in people's lives, communities and our planet by doing business the right way. 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. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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.. How many drinks does The CocaCola Company sell worldwide each day? Brussels, Brussels Region, Belgium. 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). Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com, https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. 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. Our purpose is to refresh the world and make a difference. Explore our Purpose & Vision, History and more. 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. 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 . 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. 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.. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn According to an updated Cradle-To-Resin Life Cycle Analysis of Polyethylene Resin by the National Association for PET Container Resources (NAPCOR), a 60% reduction in greenhouse gas emissions and a 75% lower total energy demand may be achieved by replacing a unit of . 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 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. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. 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. As a result, the company has reinstated guidance and is providing its 2021 outlook. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. Sustainability Senior Manager - Africa. 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 . 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. 2020 Annual Review. 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. 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. 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 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. Filings & Reports . 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. 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. 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). Lusaka, Zambia "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 increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. This does not include any potential payments related to the ongoing tax litigation with the IRS. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. 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 is not able to reconcile full year 2021 projected organic revenues (non-GAAP) to full year 2021 projected reported net revenues, full year 2021 projected comparable net revenues (non-GAAP) to full year 2021 projected reported net revenues, full year 2021 projected underlying effective tax rate (non-GAAP) to full year 2021 projected reported effective tax rate or full year 2021 projected comparable EPS (non-GAAP) to full year 2021 projected reported EPS without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact of changes in foreign currency exchange rates; the exact timing and amount of acquisitions, divestitures and/or structural changes; and the exact timing and amount of comparability items throughout 2021. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. 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. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site Writing a Marketing Plan . 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. - 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. Sep 2020 - Apr 20218 months. 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. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. 4761 0 obj <> endobj Join to view profile Coca-Cola Beverages Zambia. Water replenishment ratio of 159.9%. 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.. 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 . %PDF-1.6 % 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. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. 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. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. The first quarter has five additional days compared to first quarter 2020. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. - The health and safety of our associates have always been our priority. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. <br><br>After finishing . ET. An audio replay in downloadable digital format and a transcript of the call will be available on the website within 24 hours following the call. The unavailable information could have a significant impact on our full year 2021 reported financial results. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company endstream endobj startxref 578 followers 347 connections. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Plastics 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. 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. Our planet matters. hb```6B Report this profile Report Report. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany 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. | Learn more about Oluwatobiloba Kajero's work experience, education . 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. 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. 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.
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