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Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. 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. 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 7% for the quarter, primarily due to the impact of the coronavirus pandemic across key markets and adverse weather in Southeast Asia. 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. 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. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company This was partially offset by growth in China, Brazil and Nigeria. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. 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. The news was disclosed in S&P Global's Annual Yearbook, which confirms the 2021 Dow Jones Sustainability Index (DJSI), one of the world's leading . Coca-Cola's Chief Sustainability Officer, Bea Perez, discusses the importance of prioritizing our sustainability goals as the business emerges stronger from the global pandemic. Email Alerts. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. Brussels, Brussels Region, Belgium. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Short-Term Experience as Commercialization Manager. Through early February 2021, the company has experienced a volume decline of mid single digits globally, with continued elevated levels of sales in at-home channels being more than offset by pressure in away-from-home channels. 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'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. 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 . 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. 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. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Coca-Cola HBC AG . hb```6B The company also provided an update on its strategic transformation initiatives. People matter. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . This does not include any potential payments related to the ongoing tax litigation with the IRS. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Courtesy of Coca-Cola The impact speaks for itself: A 2020 report from Break Free From Plastic collected 13,834 pieces of Coca-Cola-branded waste across 51 countriesmore than the. 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. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team Annual Reviews. Writing a Marketing Plan . COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. To make a difference in people's lives, communities and our planet by doing business the right way. 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. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). We act in ways to create a more sustainable and better shared future. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Increasing total sales globally in 2018 and 2019, while reducing added sugar. The company invites participants to listen to a live webcast of the conference call on the companys website, http://www.coca-colacompany.com, in the "Investors" section. 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. We are striving to make packaging part of the circular economy, Perez said. 2014 Annual Review. 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. Finance Manager Hungary. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. 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. 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. 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. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. Jun 2021 - Present1 year 10 months. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. 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 Coca-Cola Company has been refreshing the world and making a difference for over 136 years. People matter. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. To make a difference in people's lives, communities and our planet by doing business the right . 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. The companys sustainability goals are interlinked.. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. To make a difference in people's lives, communities and our planet by doing business the right way. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. 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. Our biggest commitment is to reach carbon neutrality. CocaCola . 2015 Annual Review. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. 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. 4853 0 obj <>stream ET. We also exceeded our goal of installing 150,000 hydrofluorocarbon (HFC)-free coolers in 2010, for a cumulative total of 277,000 such units by the end of that year.Additionally, we increased that total to 500,000 by the end of 2011. 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. 3 Due to the combination of multiple business models in the Global Ventures segment, the composition of concentrate sales and price/mix may fluctuate materially on a periodic basis. All rights reserved. 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. Challenging . Volume performance included solid growth in sparkling soft drinks in China and India. Back. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. Report. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. Skilled in Corporate Social Responsibility, Public Policy . We act in ways to create a more sustainable and better shared future. Careers; . The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . 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. Organic revenues (non-GAAP) declined 17%. And we will do all of this while maintaining a 100% or more global water replenishment rate.. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Mar 2021 - Present2 years 1 month. Our purpose is to refresh the world and make a difference. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. %%EOF Budapest, Hungary. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. Juice, dairy and plant-based beverages declined 2% for the quarter and 9% for the year, as solid performance by Simply and fairlife in North America was more than offset by a decline in Minute Maid in the fountain business. The organization is on a path to emerge stronger and is positioned for long-term success. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site 11K followers 500+ connections. 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.). ", 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. Join to follow The Coca-Cola Company . Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. 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. Annual Report. 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 . Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. 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. 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. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. eaha@LlQx6. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. . Enquiries . 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. 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. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. We committed to include calorie information on the front of nearly all our packages by the end of 2011 and have a physical activity program in 100 countries toward our goal to have one in every country in which we operate by 2015. . We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". 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. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. 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.. 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. This efficient use of input materials help in more than doubling the fruit produce. 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 . Water replenishment ratio of 159.9%. 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. 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. 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 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. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. Report this profile Report Report. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Learn all about our sustainability initiatives. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Note: Certain rows may not add due to rounding. The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. 102-54 Claims of reporting in accordance with the GRI . - 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. Join to follow The Coca-Cola Company . 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. We use cookies to provide you with a great experience and to help our website run effectively. 2022 The CocaCola Company. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. Unit case volume declined 4% for the quarter, primarily due to coronavirus-related pressure in away-from-home channels in Europe and South Africa, partially offset by growth in Western Africa and Turkey. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. 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. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. About . Our PlantBottle technology, which allows us to replace 100 percent petroleum-based PET plastic with PET plastic that contains up to 30 percent material derived from plants, is becoming more widely used around the world. 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. Similar programs launched in Ethiopia and Tanzania. How many drinks does The CocaCola Company sell worldwide each day? 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. Our purpose is to refresh the world and make a difference. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. We act in ways to create a more sustainable and better shared future. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. This innovation will be available on all Freestyle machines in the U.S. by the end 2020. 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. 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. Menu. Atlanta, Georgia, United States. 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. Sep 2020 - Apr 20218 months. 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). While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. We aim to create a more sustainable and better shared future. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. The Coca-Cola Company. The report highlights progress made on all aspects of business, governance and sustainability during 2020. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. 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. 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. Water replenishment ratio of 159.9%. As a result, the company has reinstated guidance and is providing its 2021 outlook. I actively engage with stakeholders to strengthen The Coca-Cola Company's impact and deliver value to the business across Texas and other centrally located states in the U.S. 2013 Annual Review . Back Submit. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. 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. 2019 Annual Review. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. 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. 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 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. 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. "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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. Feb 2021 - Present2 years 2 months. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. "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. 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.. 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. 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. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Ambitious goals for sustainable business operations have not been forgotten. 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. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 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. To make a difference in people's lives, communities and our planet by doing business the right way. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. Concentrate sales were 3 points behind unit case volume due to cycling the timing of shipments in China in the prior year, partially offset by two additional days in the quarter. Company Provides 2022 Financial Outlook. Livingstone University. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards.