We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. This button displays the currently selected search type. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. 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. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. Our purpose is to refresh the world and make a difference. Jun 2021 - Present1 year 10 months. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. We are striving to make packaging part of the circular economy, Perez said. 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. Increasing total sales globally in 2018 and 2019, while reducing added sugar. The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. 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. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. The companys sustainability goals are interlinked.. Home; Our Brands. The Coca-Cola Company, American corporation founded in 1892 and today engaged primarily in the manufacture and sale of syrup and concentrate for Coca-Cola, a sweetened carbonated beverage that is a cultural institution in the United States and a global symbol of American tastes. 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. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. The company's new sustainability campaign "Deliver for Today, Inspire for Tomorrow" focuses on corporate and environmental sustainability with the goal of leading the industry in two major areas: energy and climate change and sustainable packing and recycling. 2016 Annual Review. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. Learn all about our sustainability initiatives. The portal for Sustainability Reporting. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. ",Ae)` Rv=D3012=J@g,@ GI 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. Additionally, the company is constantly reducing the use of . The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. Ambitious goals for sustainable business operations have not been forgotten. People matter. 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.). Lusaka, Zambia How many drinks does The CocaCola Company sell worldwide each day? The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. This does not include any potential payments related to the ongoing tax litigation with the IRS. This was partially offset by growth in China, Brazil and Nigeria. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Water replenishment ratio of 159.9%. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. Therefore, the percent change is not meaningful. 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 . Our purpose is to refresh the world and make a difference. 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. <br><br>After finishing . 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 0 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. ET. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. 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. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. Report. While near-term uncertainty remains, we are well-positioned to emerge stronger from the crisis, driven by our purpose and our beverages for life ambition. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. 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. 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. 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. 2014 Annual Review. Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. In 2020, built on this by joining the U.S. Plastics Pact to galvanize action beyond the beverage industry to ensure that all plastic packaging gets collected.. - 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. Sep 2020 - Apr 20218 months. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. 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 Brussels, Brussels Region, Belgium. A track record . Water replenishment ratio of 159.9%. 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. However, for readers to have more up-to-date information, we have also included highlights of COVID-19 related humanitarian relief measures that were implemented in 2021. 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. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Join to view profile Coca-Cola Beverages Zambia. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Operating Review Three Months Ended December 31, 2020. We aim to create a more sustainable and better shared future. 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. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). 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. 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 . "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. 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. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. To make a difference in people's lives, communities and our planet by doing business the right way. 2017 Annual Review. We act in ways to create a more sustainable and better shared future. 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. To make a difference in people's lives, communities and our planet by doing business the right way. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. Our purpose is to refresh the world and make a difference. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. <br> Feb 2021 - Present2 years 2 months. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. 102-51 Date of most recent report April 2020 102-52 Reporting cycle The Coca-Cola Company reports annually on its sustainability progress and performance. When expanded it provides a list of search options that will switch the search inputs . We act in ways to create a more sustainable and better shared future. Short-Term Experience as Commercialization Manager. 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 . | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. 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. 2015 Annual Review. 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.. Sustainable Agriculture ", 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. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 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. . We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. Our planet matters. 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.. 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. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. Join to follow The Coca-Cola Company . Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. During my studies I have completed a lot of projects (in and out of the lab) working with other people and developed my skills in solving different problems. The company continues to strengthen risk assessments and streamline supplier engagement processes. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Explore our Purpose & Vision, History and more. And, for the first time ever, its entire content is available exclusively online. Our purpose is to refresh the world and make a difference. We act in ways to create a more sustainable and better shared future. ", Business Environment and Strategic Actions Update. 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. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. The first quarter has five additional days compared to first quarter 2020. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. 4853 0 obj <>stream 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. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. 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. The company also provided an update on its strategic transformation initiatives. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. 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. 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 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. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. The unavailable information could have a significant impact on our full year 2021 reported financial results. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. - 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. Atlanta, Georgia, United States. 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. 2018 Annual Review. A new science-based target aims to reduce the companys absolute carbon emissions by 25% by 2030, against a 2015 baseline, in line with the Paris Agreement Goals. The. Report this profile Report Report. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. The Netherlands and Norway recently became the second and third markets in Western Europe (after Sweden) to transition to 100% rPET for their entire portfolios.. The company also provided an update on its strategic transformation initiatives. 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. 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. Back Submit. 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 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 . We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. 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. 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. See more Sustainability report About this report Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Gurugram, Haryana, India. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind.
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