coca cola company sustainability report 2020

Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. 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. Challenging . By becoming better ourselves, we can help build a stronger, more sustainable future for us all. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". Short-Term Experience as Commercialization Manager. 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.. To make a difference in people's lives, communities and our planet by doing business the right . "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. ET. And, for the first time ever, its entire content is available exclusively online. Our planet matters. The organization is on a path to emerge stronger and is positioned for long-term success. From trademark Coca-Cola to Sports, Juice & Dairy Drinks, Alcohol Ready-to-Drink Beverages and more, discover some of our most popular brands in North America and from around the world. In the Company's effort to increase transparency across its broad sustainability platform, this year's Report was created using stakeholder feedback and, for the first time, follows the disclosure and reporting requirements of the Global Reporting Initiative (GRI) to achieve a self-declared grade level "B+." The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. Livingstone University. Our purpose is to refresh the world and make a difference. 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. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. 4761 0 obj <> endobj How many drinks does The CocaCola Company sell worldwide each day? Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. 578 followers 347 connections. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. 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. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. Sep 2020 - Apr 20218 months. 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. <br> 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. 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. Coca-Cola Nigeria. Volume performance included solid growth in sparkling soft drinks in China and India. 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. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. 0 We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. - The health and safety of our associates have always been our priority. "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. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. ",Ae)` Rv=D3012=J@g,@ GI The company also provided an update on its strategic transformation initiatives. 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. Explore our Purpose & Vision, History and more. This was partially offset by growth in China, Brazil and Nigeria. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. Budapest, Hungary. 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. We act in ways to create a more sustainable and better shared future. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. 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. We act in ways to create a more sustainable and better shared future. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. A track record . Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. 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. 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 . 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. Reformulating nearly 1,000 beverages from 2017 to 2019. - 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. 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) grew 25% driven by solid pricing and effective operating expense management. As of December 31, 2021, Coca-Cola FEMSA had allocated US$350.12 million of green bond net proceeds to projects supporting climate action, water stewardship, and a circular economy. 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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. 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. Earnings Release 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. 2013 Annual Review . Join to follow 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). Explore our Purpose & Vision, History and more. 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. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Learn all about our sustainability initiatives. 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.. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. 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. To make a difference in people's lives, communities and our planet by doing business the right way. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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 . We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. The company continues to strengthen risk assessments and streamline supplier engagement processes. Careers; . To make a difference in people's lives, communities and our planet by doing business the right way. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. Menu. Water replenishment ratio of 159.9%. 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. 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. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Explore our Purpose & Vision, History and more. The global initiative launched in 2018 focuses on designing, collecting and partnering. The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Ceres, the sustainability leadership advocacy group, in a recent report ranked Coca-Colasecond highest scorer among food companies on water management, behind Unilever.Over the last 13 years, Coca-Cola has poured roughly $2bn into its water stewardship goals. 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. 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. Lagos, Nigeria. 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. 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. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Therefore, the percent change is not meaningful. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 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. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. 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. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. Sustainability Senior Manager - Africa. 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. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. The first quarter has five additional days compared to first quarter 2020. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Annual Reviews. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. 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. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. 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. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 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.. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. We are striving to make packaging part of the circular economy, Perez said. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . <br><br>After finishing . Feb 2021 - Present2 years 2 months. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Sustainable Agriculture 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. 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. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. 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. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency.

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