Increasing total sales globally in 2018 and 2019, while reducing added sugar. 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 Coca-Cola Company has advanced its core sustainability priorities from water replenishment to sugar reduction to diversity and inclusion in 2020 despite unprecedented challenges presented by a global pandemic, natural disasters, social unrest and more, senior leaders told investors on Nov. 13.. Our biggest commitment is to reach carbon neutrality. Back Submit. 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. 2017 Annual Review. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. Annual Reviews. hb```6B 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 . Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. "The progress we made in 2020, including the actions taken to accelerate the transformation of our company, gives us confidence in returning to growth in the year ahead. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. 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. 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. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. Water replenishment ratio of 159.9%. 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 We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. Our purpose is to refresh the world and make a difference. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. Jun 2021 - Present1 year 10 months. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Livingstone University. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 2015 Annual Review. Therefore, the percent change is not meaningful. 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. 2020 Annual Review. Enquiries . Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. 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. 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. ",Ae)` Rv=D3012=J@g,@ GI Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. We act in ways to create a more sustainable and better shared future. 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. A strong business leader with a growth mindset with 30 years' experience having managed large businesses at a P&L level, both in India & international markets, and functional roles at Regional and National level in a large multinational environment.<br><br>My core strength is in Operations and People Leadership and have delivered signature achievements in the multiple business leadership . 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. Gurugram, Haryana, India. 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 will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. We aim to create a more sustainable and better shared future. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany Since 2000, our average calories per serving decreased by 9 percent globally. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). May 2020 - Jun 2022 2 years 2 months. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. 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. eaha@LlQx6. <br><br>While serving in these organizations, I have led high-performing teams and provided strategic leadership in: strategic communications, leadership and internal communications, stakeholder and community management, corporate . 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. Our purpose is to refresh the world and make a difference. "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. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn Volume performance included solid growth in sparkling soft drinks in China and India. 2021 Integrated Report; Integrated Annual Report 2020. <br><br>After finishing . By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. 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. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. 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. 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. 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. 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. 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. Similar programs launched in Ethiopia and Tanzania. 11K followers 500+ connections. 2019 Annual Review. We act in ways to create a more sustainable and better shared future. 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 . 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. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. 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%. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. 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. 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. To make a difference in people's lives, communities and our planet by doing business the right way. 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. Sustainable Agriculture Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. 2016 Annual Review. 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. To make a difference in people's lives, communities and our planet by doing business the right . 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 . Menu. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. 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 . Skilled in Corporate Social Responsibility, Public Policy . 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. Introduction to Sustainability Coursera Issued Nov 2020. 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. Company Provides 2022 Financial Outlook. A track record . 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. Lagos, Nigeria. Feb 2021 - Present2 years 2 months. 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. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. 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 Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. Organic revenues (non-GAAP) declined 17%. Operating Review Year Ended December 31, 2020. 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.. Our purpose is to refresh the world and make a difference. 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. People matter. 4761 0 obj <> endobj How many drinks does The CocaCola Company sell worldwide each day? 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. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. endstream endobj startxref Learn all about our sustainability initiatives. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Our pledge as a company is that we will do our part to listen, learn and act with measurable and sustainable actions, Billingsley said. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. 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. 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. 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. 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. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. All rights reserved. Annual Report. 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. 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. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. 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. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. We act in ways to create a more sustainable and better shared future. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. 2018 Annual Review. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. - 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. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. The company also provided an update on its strategic transformation initiatives. As a result, the company has reinstated guidance and is providing its 2021 outlook. 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. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. 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. . This efficient use of input materials help in more than doubling the fruit produce. 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. <br> The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Report. 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. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . 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. Coca-Cola HBC AG . hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) 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). All rights reserved. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. %%EOF We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. ", Business Environment and Strategic Actions Update. The. "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. 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.. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. Report this profile Report Report. Join to follow 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. 578 followers 347 connections. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. To make a difference in people's lives, communities and our planet by doing business the right way. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. 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. 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. 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. Our purpose is to refresh the world and make a difference. 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. Join to view profile Coca-Cola Beverages Zambia. ", 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. 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.. Fiscal Year Ended Dec 31, 2020. 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 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. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. Therefore, the percent change is not meaningful. Our goal is to create closed loop systems, extracting the maximum value from materials and products while in use, and then recovering and recycling them.. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. 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. To make a difference in people's lives, communities and our planet by doing business the right way. - 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. Our sustainability strategy guides how we support and engage the remarkable people behind our brands, from farmers and employees to the communities we call home, and delivers on our commitments to safeguard the health of the environment. "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. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Only through a comprehensive approach can we make transformational and enduring change. Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. Sustainability Senior Manager - Africa. 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.

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