coca cola company sustainability report 2020

While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. 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. 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.. 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. 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. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. 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. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. 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.). Short-Term Experience as Commercialization Manager. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. 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.. 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. All rights reserved. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. 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. 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. Company Provides 2022 Financial Outlook. 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. ",Ae)` Rv=D3012=J@g,@ GI 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. 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. 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. May 2020 - Jun 2022 2 years 2 months. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. 578 followers 347 connections. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. We aim to create a more sustainable and better shared future. 4853 0 obj <>stream "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. 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.. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. 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. 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+." 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. Introduction to Sustainability Coursera Issued Nov 2020. Water replenishment ratio of 159.9%. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. 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. Brussels, Brussels Region, Belgium. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. Sustainability Senior Manager - Africa. 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. 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. Oluwatobiloba is an experienced professional skilled in managing and monitoring market trends, driving strategic brand development and executing campaigns and ensuring marketing activities ultimately drive profitable business growth. Explore our Purpose & Vision, History and more. 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 organization is on a path to emerge stronger and is positioned for long-term success. 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. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. 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. Only through a comprehensive approach can we make transformational and enduring change. 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. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. 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. Our purpose is to refresh the world and make a difference. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 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. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. Skilled in Corporate Social Responsibility, Public Policy . 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.. 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. This does not include any potential payments related to the ongoing tax litigation with the IRS. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Further, the "Investors" section of the website includes certain supplemental information and a reconciliation of non-GAAP financial measures to the companys results as reported under GAAP, which may be used during the call when discussing financial results. "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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. Download report Check report history Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. 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. Email Alerts. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Learn all about our sustainability initiatives. 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. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. 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. The first quarter has five additional days compared to first quarter 2020. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. About . Enquiries . Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 2016 Annual Review. 11K followers 500+ connections. Our planet matters. 4761 0 obj <> endobj TI&Sc Quality and Food Safety Manager. 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. Fiscal Year Ended Dec 31, 2020. Writing a Marketing Plan . 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. 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. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. CocaCola . 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. 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. Our purpose is to refresh the world and make a difference. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. Reformulating nearly 1,000 beverages from 2017 to 2019. 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. Livingstone University. Coca-Cola Nigeria. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. 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. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. <br> Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. 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. 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. ", 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 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. 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. 102-54 Claims of reporting in accordance with the GRI . Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. Budapest, Hungary. The Coca-Cola Company in Boydton, VA Expand search. Concentrate sales were 4 points ahead of unit case volume, driven by two additional days in the quarter and cycling the timing of shipments in Brazil in the prior year. 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. 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. The company also provided an update on its strategic transformation initiatives. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Finance Manager Hungary. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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%. 2018 Annual Review. Report. Jun 2021 - Present1 year 10 months. 1 Coca-Cola's work toward its "drink in your hand" goal reduced its relative carbon emissions by 25% by 2020, against a 2010 baseline. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Proxy Statements; Annual Reviews; 2021 Annual Review. By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. The portal for Sustainability Reporting. The company also provided an update on its strategic transformation initiatives. 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. 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 . The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Joining an industry initiative in Europe to reduce added sugars by 10% by 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. %PDF-1.6 % 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 Filings & Reports . We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. %%EOF Lusaka, Zambia Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. Feb 2021 - Present2 years 2 months. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. 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. "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. endstream endobj startxref We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. To make a difference in people's lives, communities and our planet by doing business the right way. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. 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. 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.

Johnson Outboard Rich Lean Adjustment, Number Of Sharp Cases In The Army 2021, Allegheny County Court Directory, Santa Cruz To San Diego Driving, Articles C