coca cola company sustainability report 2020

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. My core strength is in Operations and People Leadership and have delivered signature achievements in the multiple business leadership . ", 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. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. 2021 Integrated Report; Integrated Annual Report 2020. 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. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. 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. Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. Concentrate sales were 3 points ahead of unit case volume, largely due to two additional days in the quarter and cycling the Brexit-related inventory reduction in the prior year. Water replenishment ratio of 159.9%. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.7 billion servings a day. 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. Explore our Purpose & Vision, History and more. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. 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. Finance Manager Hungary. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. 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.. ", Business Environment and Strategic Actions Update. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. 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. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. And we will do all of this while maintaining a 100% or more global water replenishment rate.. A track record . 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. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . More than 20% of the companys global portfolio is in refillable or fountain packaging. 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. This was partially offset by growth in China, Brazil and Nigeria. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. 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. eaha@LlQx6. All rights reserved. Email Alerts. 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. 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. 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. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. The company also provided an update on its strategic transformation initiatives. 4853 0 obj <>stream First quarter 2020 financial results were impacted by one less day as compared to the same period in 2019, and fourth quarter 2020 financial results were impacted by two additional days as compared to the same period in 2019. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. 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. 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. 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. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. hb```6B 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). 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. In 2010, we distributed 2.5 billion PlantBottle packages in 10 major markets, saving more than 60,000 barrels of oil and sequestering the equivalent of nearly 30,000 metric tons of carbon dioxide from our PET plastic bottles. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. 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. 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. 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. 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%. 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 . See more Sustainability report About this report Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. "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. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. 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. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. This innovation will be available on all Freestyle machines in the U.S. by the end 2020. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. 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. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. Similar programs launched in Ethiopia and Tanzania. Responsible business | Coca-Cola Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. "The 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. 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. To make a difference in people's lives, communities and our planet by doing business the right way. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. "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. 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. 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 act in ways to improve people's lives, from our employees to those who touch our business to the many communities we call home. People matter. As a result, the company has reinstated guidance and is providing its 2021 outlook. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Skilled in Corporate Social Responsibility, Public Policy . 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. Filings & Reports . 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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.. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." 1K followers . 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. 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. 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. The first quarter has five additional days compared to first quarter 2020. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. To make a difference in people's lives, communities and our planet by doing business the right . ",Ae)` Rv=D3012=J@g,@ GI 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. Globally, we are the No. Mar 2021 - Present2 years 1 month. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. 578 followers 347 connections. This multi-year effort includes addressing internal policies; supporting inclusive legislation (such as the hate-crime bill in Georgia, which was signed into law); committing to spending at least $500 million with Black-owned businesses in the U.S. over the next five years; and awarded $1 million to The Equal Justice Initiative to support communities marginalized by poverty and discouraged by unequal treatment. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Proxy Statements; Annual Reviews; 2021 Annual Review. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. 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. 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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. 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. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. The Coca-Cola Company in Boydton, VA Expand search. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Back Submit. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. We are striving to make packaging part of the circular economy, Perez said. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Our purpose is to refresh the world and make a difference. People matter. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. 2014 Annual Review. Explore our Purpose & Vision, History and more. Additionally, the company is constantly reducing the use of . For the year, the company gained value share in total NARTD beverages in addition to all category clusters. Operating Review Year Ended December 31, 2020. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. Coca-Cola HBC has been awarded a gold medal in The Sustainability Yearbook 2021, which ranks company sustainability performance by industry, according to their | 10 comments on LinkedIn All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. 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. Sustainable Agriculture This does not include any potential payments related to the ongoing tax litigation with the IRS. "Unit case" means a unit of measurement equal to 192 U.S. fluid ounces of finished beverage (24 eight-ounce servings), with the exception of unit case equivalents for Costa non-ready-to-drink beverage products which are primarily measured in number of transactions. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. To make a difference in people's lives, communities and our planet by doing business the right way. And, for the first time ever, its entire content is available exclusively online. "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. 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. 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. 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. Fiscal Year Ended Dec 31, 2020. Feb 2021 - Present2 years 2 months. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Coca-Cola Nigeria. The Coca-Cola Company. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. 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 . Financing Agreements; In August, Coca-Cola Beverages Philippines announced an investment of US$22 million in its operations to support its expansion projects and maintain its labor forces. . Annual Report. 2022 The CocaCola Company. Report this profile Report Report. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. 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.. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability.