Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. We act in ways to create a more sustainable and better shared future. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Filings & Reports . Our purpose is to refresh the world and make a difference. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. 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. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. We act in ways to create a more sustainable and better shared future. 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. 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. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. ", 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. The Coca-Cola Company in Boydton, VA Expand search. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. 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.. 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. To make a difference in people's lives, communities and our planet by doing business the right way. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . Livingstone University. 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. Gurugram, Haryana, India. Therefore, the percent change is not meaningful. Annual Report. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. Increasing total sales globally in 2018 and 2019, while reducing added sugar. 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. This was partially offset by growth in China, Brazil and Nigeria. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. For both the quarter and the full year, the decline was primarily due to pressure in the fountain business in North America and away-from-home channels in Western Europe due to the coronavirus pandemic. 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%. . She has exemplary communication, leadership, innovative and collaborative skills . Company Provides 2022 Financial Outlook. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Organic revenues (non-GAAP) declined 17%. More than 20% of the companys global portfolio is in refillable or fountain packaging. "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. To make a difference in people's lives, communities and our planet by doing business the right way. Our CEO James Quincey has made it very clear what our commitment is this commitment and alignment from the very top drives the top-down effect of ensuring the senior leaders of the company are invested in building accountability and leading by example., Coca-Colas Chief Diversity and Inclusion Officer discusses the importance of taking action to create a diverse, safe and equal work environment. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. 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. 2016 Annual Review. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. 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.). Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. . Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. 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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. 2020 Annual Review. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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 improve people's lives, from our employees to those who touch our business to the many communities we call home. Plastics See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. - 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. 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. Challenging . May 2020 - Jun 2022 2 years 2 months. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Price/mix grew 3% for the quarter, as solid growth in juice and dairy finished-goods brands was partially offset by pressure in the fountain business and away-from-home channels. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. Therefore, the percent change is not meaningful. 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. 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. Coca-Cola HBC AG . 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. The 2010/2011 Sustainability Report provides an in-depth review on the sustainability efforts of the Company and its nearly 300 bottling partners. <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 . hb```6B All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. 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. "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. How many drinks does The CocaCola Company sell worldwide each day? 2022 The CocaCola Company. 2019 Annual Review. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . While there are still uncertainties related to the pandemic, the company has greater visibility into its future recovery and is confident that its actions will continue to mitigate the effects of the crisis. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. 2021 Integrated Report; Integrated Annual Report 2020. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Lagos, Nigeria. 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. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. Report. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. People matter. Volume performance included solid growth in sparkling soft drinks in China and India. eaha@LlQx6. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. Ambitious goals for sustainable business operations have not been forgotten. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. The Coca-Cola Company. 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. 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 aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 2013 Annual Review . Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. 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. Back. The program impacted more than 1.3 million women in 2019 alone. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . 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. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. 2020 Integrated Report ; Integrated Annual Report 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 . Globally, we are the No. The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. 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 . The company also provided an update on its strategic transformation initiatives. Explore our Purpose & Vision, History and more. Explore our Purpose & Vision, History and more. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. 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. 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). 2014 Annual Review. 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. 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. Our purpose is to refresh the world and make a difference. 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 Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. 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. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Our pledge as a company is that we will do our part to listen, learn and act with measurable and sustainable actions, Billingsley said. 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+." Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. Learn all about our sustainability initiatives. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) 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. To make a difference in people's lives, communities and our planet by doing business the right way. To make a difference in people's lives, communities and our planet by doing business the right way. 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 For the year, the company gained value share in total NARTD beverages in addition to all category clusters. Home; Our Brands. All rights reserved. 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. The company continues to strengthen risk assessments and streamline supplier engagement processes. 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. At the end of 2020 we announced our ambition to reach net zero greenhouse gas emissions across our entire value chain in Europe by 2040. 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. Mar 2021 - Present2 years 1 month. 0 View Governance. We act in ways to create a more sustainable and better shared future. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. We act in ways to create a more sustainable and better shared future. Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com, https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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.. 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. 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. 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. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). Given the above considerations, the company expects to deliver comparable EPS (non-GAAP) percentage growth of high single digits to low double digits versus $1.95 in 2020. 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. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. 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. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site 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 . Reformulating nearly 1,000 beverages from 2017 to 2019. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. 2022 The CocaCola Company. The company also provided an update on its strategic transformation initiatives. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. 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.. "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. For the year, the company lost value share in total NARTD beverages due to coronavirus-related restrictions in away-from-home channels, where the company has a strong share position. The 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.. 578 followers 347 connections. Email Alerts. The global initiative launched in 2018 focuses on designing, collecting and partnering. Sep 2020 - Apr 20218 months. 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. About . 4761 0 obj <> endobj Operating Review Year Ended December 31, 2020. Apr 2021 - Dec 20221 year 9 months. Since 2000, our average calories per serving decreased by 9 percent globally. Water replenishment ratio of 159.9%. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. 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 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. Our purpose is to refresh the world and make a difference. 1K followers . ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. Lusaka, Zambia This does not include any potential payments related to the ongoing tax litigation with the IRS. 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. 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. 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. - 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. 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. 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. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. "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. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. 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. 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. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . 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.
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