COCA-COLA RELEASES 2020 SUSTAINABILITY REPORT, THIS TIME IT'S - Dom All rights reserved. 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. Anna Lusa Cruz - Short-Term Experience Sustainability - The Coca-Cola "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. Company Provides 2022 Financial Outlook. 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.. 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. Lizzie Munsanje - Communications & Sustainability Specialist - Coca Christina Chaida - Innovation & Supply Chain Junior Project - LinkedIn Download report Check report history Fiona Loh, IHRP-CA - Strategic Business Partner (Enabling functions 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 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Introduction to Sustainability Coursera Issued Nov 2020. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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.). ESG | Coca-Cola European Partners - Coca-Cola Europacific Partners Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.7 billion servings a day. 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. Similar programs launched in Ethiopia and Tanzania. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. 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. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. View Governance. 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. 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. 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. Explore our Purpose & Vision, History and more. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. Coca-Cola Shares Sustainability Progress - News & Articles Michael Goltzman - Vice President, Global Policy - LinkedIn Coca-Cola HBC ranked Europe's most sustainable Beverage Company See more Sustainability report About this report Since 2000, our average calories per serving decreased by 9 percent globally. The. 2013 Annual Review . TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. DuyenMai BuiDang - Public Affairs, Communications, and Sustainability Our pledge as a company is that we will do our part to listen, learn and act with measurable and sustainable actions, Billingsley said. May 2020 - Jun 2022 2 years 2 months. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. 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. Our purpose is to refresh the world and make a difference. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. Challenging . Our goal is to create closed loop systems, extracting the maximum value from materials and products while in use, and then recovering and recycling them.. Sustainability | Coca-Cola Nigeria. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. eaha@LlQx6. This efficient use of input materials help in more than doubling the fruit produce. ESG :: The Coca-Cola Company (KO) 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. Brussels, Brussels Region, Belgium. 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. When expanded it provides a list of search options that will switch the search inputs . ", Business Environment and Strategic Actions Update. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. Sustainability | Coca-Cola The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. 2017 Annual Review. 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. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. 102-54 Claims of reporting in accordance with the GRI . Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. Sep 2020 - Apr 20218 months. Reformulating nearly 1,000 beverages from 2017 to 2019. 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. Short-Term Experience as Commercialization Manager. 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. Financial Results :: The Coca-Cola Company (KO) Human Rights | Coca-Cola European Partners Investors Contact Our human rights journey November 2020 Listed on the Dow Jones Sustainability Index for a fifth year (one of just four beverage companies to be listed on the DJSI World Index and one of three to be listed on the DJSI Europe Index). 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. 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.. 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. 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. 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 . Lusaka, Zambia 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. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 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. Aisha Sarwari - Director Public Affairs, Communications and 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. What Can Hospitals Learn from The Coca-Cola Company? Health Care 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. 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. Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com, https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. The structure of the Sustainability Report 2020 corresponds to the main pillars of Coca-Cola HBC's corporate social responsibility and sustainability, such as reducing emissions and caring for the climate, looking after water and water resources, striving for a world without waste, and an inclusive approach to corporate development. Human Rights | Coca-Cola European Partners - Coca-Cola Europacific Partners "Our beverages are offered in returnable glass bottles and are 100% recyclable. 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. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. We are striving to make packaging part of the circular economy, Perez said. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. 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.. "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. Mar 2021 - Present2 years 1 month. Coca-Cola's brand value from 2006 to 2022 (in billion U.S. dollars) Most sustainable consumer goods companies in the United States in 2020 Most sustainable consumer goods companies in the. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. We act in ways to create a more sustainable and better shared future. "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. 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. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. 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. 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. 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%. 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 . - The health and safety of our associates have always been our priority. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Globally, we are the No. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. Our planet matters. Water replenishment ratio of 159.9%. Coca-Cola Statistics, Facts, - Market.us "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. 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. 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. The company also provided an update on its strategic transformation initiatives. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. 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. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. Lagos, Nigeria. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. "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. 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. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. Explore our Purpose & Vision, History and more. 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. 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. Finance Manager Hungary - The Coca-Cola Company - LinkedIn 2020 - hr.coca-colahellenic.com We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. 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. Ian Hirschfeld - Director Africa: Economic Policy, Coca-Cola Africa at Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Sustainability Report 2021 - gr.coca-colahellenic.com Sustainable Development Reports | Swire Coca-Cola ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full-year 2021 results, including another quarter of sequential improvement in volume trends compared to 2019. <br> it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. 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. 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). 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 . 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. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. %%EOF Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . 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 Our purpose is to refresh the world and make a difference. 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 in Sri Lanka releases maiden Sustainability Report Is Coca Cola helping the environment? Or hurting? 11K followers 500+ connections. 2019 Annual Review. Filings & Reports . The Coca-Cola System in India releases Sustainability Update 2020-21 US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 This innovation will be available on all Freestyle machines in the U.S. by the end 2020. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. Boosting PET recycling rates in Kenya from 5% in 2018 to 35% in 2019 via industry efforts to support the PETCO recycling model developed in South Africa. We act in ways to create a more sustainable and better shared future. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. TI&Sc Quality and Food Safety Manager. PDF GRI SASB TCFD SDGs - The Coca-Cola Company Coca-Cola cleans up record on water usage | Reuters Events 2018 Annual Review. 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. endstream endobj startxref In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. 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. Bhumika Gupta Oberoi (She/Her) - Manager - Strategic & Sustainability Sustainability Senior Manager - Africa. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. 2021 Integrated Report; Integrated Annual Report 2020. 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. 2022 The CocaCola Company. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. The Coca Cola Impact Report | Pages | WWF - World Wildlife Fund You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . The company continues to strengthen risk assessments and streamline supplier engagement processes. 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. 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. 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. Our planet matters. Our purpose is to refresh the world and make a difference. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Annual Reviews :: The Coca-Cola Company (KO) 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. The Coca-Cola System in India releases Sustainability Update 2020-21 We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. 2021 Business, Environmental, Social & Governance | Company Reports Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. 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 . All rights reserved. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN).