Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. Gurugram, Haryana, India. 2015 Annual Review. Plastics All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. Back. This does not include any potential payments related to the ongoing tax litigation with the IRS. Our biggest commitment is to reach carbon neutrality. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. July 2020 Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. 102-54 Claims of reporting in accordance with the GRI . Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. 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. Short-Term Experience as Commercialization Manager. 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%. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. And, for the first time ever, its entire content is available exclusively online. 2022 The CocaCola Company. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. For both the quarter and the full year, the decline was primarily due to pressure in the fountain business in North America and away-from-home channels in Western Europe due to the coronavirus pandemic. 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. The organization is on a path to emerge stronger and is positioned for long-term success. Explore our Purpose & Vision, History and more. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. 1K followers . 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. 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. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. Our purpose is to refresh the world and make a difference. The Coca-Cola Company 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. - The health and safety of our associates have always been our priority. 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. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. She has exemplary communication, leadership, innovative and collaborative skills . The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. Coca-Cola Nigeria. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. 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. 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. View Governance. 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. Organic revenues (non-GAAP) declined 17%. We act in ways to create a more sustainable and better shared future. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. 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. 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, Achieving the companys water replenishment goal to return 100% of water used annually by 2020 in 2015, five years ahead of schedule., Returning the equivalent of 160% of water used in finished beverages back to communities and nature as of 2019. Sustainability Report 2021 demonstrates the company's progress and . Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. The revenue declines were primarily driven by coronavirus-related pressure on Costa retail stores, partially offset by strong performance in Costa Express machines in the United Kingdom. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. 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. "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. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. Annual Report. 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. 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. 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. 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. 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). Download report Check report history Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. 11K followers 500+ connections. Volume performance included solid growth in sparkling soft drinks in China and India. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. 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. The portal for Sustainability Reporting. "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. 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. 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. 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. The company expects to deliver free cash flow (non-GAAP) of at least $8.5 billion through cash flow from operations of at least $10.0 billion and capital expenditures of approximately $1.5 billion. Since 2000, our average calories per serving decreased by 9 percent globally. 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. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Given the scale of unemployment and the challenges to our key customers in away-from-home channels, we see an opportunity to expand our economic empowerment strategy in the post-2020 period, engaging in broader industry platforms that collaboratively transform the livelihoods of women, youth and additional vulnerable populations by promoting retraining, upskilling and entrepreneurship, Perez said. When expanded it provides a list of search options that will switch the search inputs . 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 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. 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. Creating a $100 million fund with The Recycling Partnership, Closed Loop Partners and World Wildlife Fund in the U.S. to reclaim more plastic bottles so they can be remade into new bottles. "Concentrate sales" represents the amount of concentrates, syrups, beverage bases, source waters and powders/minerals (in all instances expressed in equivalent unit cases) sold by, or used in finished beverages sold by, the company to its bottling partners or other customers. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 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. 2021 Integrated Report; Integrated Annual Report 2020. This efficient use of input materials help in more than doubling the fruit produce. Home; Our Brands. 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). What a wonderful week spending time with our Public Affairs, Communications, Sustainability, The Coca-Cola Foundation and Licensing and Retail teams Liked by Bhumika Gupta Oberoi (She/Her) Another PROUD moment for the University- Ajay Banga, a 63 year old Indian-American has been nominated by the White House to head the World To make a difference in people's lives, communities and our planet by doing business the right way. Explore our Purpose & Vision, History and more. 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. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. The companys sustainability goals are interlinked.. For the Bottling Investments operating segment for the full year, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume after considering the impact of structural changes. 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. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. At The Coca-Cola Company, we strive to use our leadership to be part of the solution to achieve positive change in the world and to build a more sustainable future for our planet. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. 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 . Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Our purpose is to refresh the world and make a difference. Introduction to Sustainability Coursera Issued Nov 2020. 578 followers 347 connections. 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 create a more sustainable and better shared future. - 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. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. The report highlights progress made on all aspects of business, governance and sustainability during 2020. %%EOF The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. 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 pledge as a company is that we will do our part to listen, learn and act with measurable and sustainable actions, Billingsley said. We use cookies to provide you with a great experience and to help our website run effectively. We invest to improve peoples lives, from our employees to all those who touch our business system, to our investors, to the broad communities we call home. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. ET. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. People matter. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. 2017 Annual Review. 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. Challenging . Our purpose is to refresh the world and make a difference. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. <br> Our planet matters. 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 . 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. Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. TI&Sc Quality and Food Safety Manager. 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. 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. ", 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. Earnings Release 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. - 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. Brussels, Brussels Region, Belgium. Additionally, the company is constantly reducing the use of . 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. 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. 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. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. 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. Annual Reviews. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Explore our Purpose & Vision, History and more. Lagos, Nigeria. 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. A track record . Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 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). 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+." 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. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the 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. <br><br>After finishing . Budapest, Hungary. 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. The Coca-Cola Company. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. hb```6B We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. 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. 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. Coca-Cola is a globally distributed brand with products that contribute to the obesity epidemic, the plastic pollution crisis, and water scarcity in vulnerable communities, all of which harm. The program impacted more than 1.3 million women in 2019 alone. Note: Certain rows may not add due to rounding. 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. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. %PDF-1.6 % In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. 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. 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. We act in ways to create a more sustainable and better shared future. 2020 Integrated Report ; Integrated Annual Report Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. All rights reserved. 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..