coca cola company sustainability report 2020

Explore our Purpose & Vision, History and more. All rights reserved. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. The company also provided an update on its strategic transformation initiatives. 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. 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. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Our purpose is to refresh the world and make a difference. Operating Review Three Months Ended December 31, 2020. 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. 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. 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 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. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. 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. CocaCola . 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. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. 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. Organic revenues (non-GAAP) declined 17%. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. 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. Proxy Statements; Annual Reviews; 2021 Annual Review. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. Developing supply chain management principles to support suppliers through COVID-19 disruptions and uphold food quality, social and environmental standards., Advancing Black representation in leadership roles by boosting investment in leader training and internal pipeline development., Updating recruiting and hiring strategies to deploy tools that assess job postings for bias language, and refreshing interview guides with more inclusive messaging and ensuring all interview panels and slates are diverse.. In addition to increasing transparency within the content, we have taken a digital approach to make the report more user-friendly and accessible on a variety of mobile devices. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. Company Provides 2022 Financial Outlook. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. May 2020 - Jun 2022 2 years 2 months. Writing a Marketing Plan . The company continues to strengthen risk assessments and streamline supplier engagement processes. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 With new digital tools available to more people, the report was also created in a unique format offering easier access from smart phones, tablets and other popular mobile devices. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. 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. . View Governance. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Back. We act in ways to create a more sustainable and better shared future. Filings & Reports . Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. 2019 Annual Review. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. People matter. 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. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. 2022 The CocaCola Company. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. Community hygiene programs have continued during the pandemic in countries such as Uganda, where Coca-Cola Beverages Africa helped distribute 5,000 hand-washing stations. The unavailable information could have a significant impact on our full year 2021 reported financial results. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. Budapest, Hungary. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. 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. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and 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. Increasing total sales globally in 2018 and 2019, while reducing added sugar. For the Bottling Investments operating segment for the fourth quarter, 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. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. However, for readers to have more up-to-date information, we have also included highlights of COVID-19 related humanitarian relief measures that were implemented in 2021. 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. Mar 2021 - Present2 years 1 month. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. 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. Comparable EPS (non-GAAP) is expected to include an approximate 2% currency headwind based on the current rates and including the impact of hedged positions. Therefore, the percent change is not meaningful. Introduction to Sustainability Coursera Issued Nov 2020. %%EOF 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. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. 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 . You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . "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. 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. This innovation will be available on all Freestyle machines in the U.S. by the end 2020. Sustainable Agriculture Our biggest commitment is to reach carbon neutrality. 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. 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.). 2020 Annual Review. Sustainability Report 2021 demonstrates the company's progress and . 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. Join to follow The Coca-Cola Company . Fiscal Year Ended Dec 31, 2020. Home; Our Brands. 4853 0 obj <>stream Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. The company also provided an update on its strategic transformation initiatives. 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. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Since 2012, this work has added up to more than 1.5 trillion liters of freshwater returned to the environment and communities., Delivering an 18% improvement in water use efficiency in operations since 2010.. "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. 4761 0 obj <> endobj We aim to create a more sustainable and better shared future. The companys sustainability goals are interlinked.. 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. 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. %PDF-1.6 % 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 Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. The Coca-Cola Company. A new science-based target aims to reduce the companys absolute carbon emissions by 25% by 2030, against a 2015 baseline, in line with the Paris Agreement Goals. Additionally, the company is constantly reducing the use of . Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Sep 2020 - Apr 20218 months. 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. 0 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. 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. 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. 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. 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. 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. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. Plastics The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Note: Certain rows may not add due to rounding. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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%. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. 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. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. Annual Report. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . 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. This button displays the currently selected search type. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. Skilled in Corporate Social Responsibility, Public Policy . A track record . 1K followers . Feb 2021 - Present2 years 2 months. Sustainability Senior Manager - Africa. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany Our planet matters. ", Business Environment and Strategic Actions Update. Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com, https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. 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. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. . Therefore, the percent change is not meaningful. 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. 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. 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. 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. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. 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. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. The organization is on a path to emerge stronger and is positioned for long-term success. 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. 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. We act in ways to create a more sustainable and better shared future. 11K followers 500+ connections. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. TI&Sc Quality and Food Safety Manager. 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. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million.

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