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Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. We act in ways to create a more sustainable and better shared future. This innovation will be available on all Freestyle machines in the U.S. by the end 2020. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 2015 Annual Review. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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. 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. 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. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full-year 2021 results, including another quarter of sequential improvement in volume trends compared to 2019. Sustainability Senior Manager - Africa. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. Challenging . We act in ways to create a more sustainable and better shared future. Sustainability Report 2021 demonstrates the company's progress and . See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. 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.. 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 Lagos, Nigeria. 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. This does not include any potential payments related to the ongoing tax litigation with the IRS. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany Our purpose is to refresh the world and make a difference. 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. Jun 2021 - Present1 year 10 months. Writing a Marketing Plan . 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. Fiscal Year Ended Dec 31, 2020. The program impacted more than 1.3 million women in 2019 alone. - 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. 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 . <br><br>After finishing . TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. From trademark Coca-Cola to Sports, Juice & Dairy Drinks, Alcohol Ready-to-Drink Beverages and more, discover some of our most popular brands in North America and from around the world. 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. ET. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. Explore our Purpose & Vision, History and more. Operating Review Three Months Ended December 31, 2020. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. 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. 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. 2019 Annual Review. 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. 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. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. View Governance. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Responsible to work with FBO, CBO and contract manufacturer/co-packer Operational Heads & QFS managers to implement QFS strategies and policies to protect and enhance The Coca-Cola Company resources, assets, trademarks and corporate . Atlanta, Georgia, United States. People matter. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. 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. Note: Certain rows may not add due to rounding. Our planet matters. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. 2021 Integrated Report; Integrated Annual Report 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. Enquiries . 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. 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. All rights reserved. Mar 2021 - Present2 years 1 month. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . Download report Check report history In addition to increasing transparency within the content, we have taken a digital approach to make the report more user-friendly and accessible on a variety of mobile devices. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. Apr 2021 - Dec 20221 year 9 months. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. 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. During my studies I have completed a lot of projects (in and out of the lab) working with other people and developed my skills in solving different problems. 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. Water replenishment ratio of 159.9%. "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. 102-51 Date of most recent report April 2020 102-52 Reporting cycle The Coca-Cola Company reports annually on its sustainability progress and performance. 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. 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. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Earnings Release The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. 2016 Annual Review. Lusaka, Zambia 2020 Integrated Report ; Integrated Annual Report 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. 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.. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. Skilled in Corporate Social Responsibility, Public Policy . Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The company is confident in its ability to gain share and consumers, maintain strong system economics, strengthen its reputation with key stakeholders and position the organization to win. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. And we will do all of this while maintaining a 100% or more global water replenishment rate.. 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. Our purpose is to refresh the world and make a difference. 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. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. 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. Since 2000, our average calories per serving decreased by 9 percent globally. 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. 0 Reformulating nearly 1,000 beverages from 2017 to 2019. Livingstone University. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. 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.). This was partially offset by growth in China, Brazil and Nigeria. 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. 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. 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. 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. We committed to include calorie information on the front of nearly all our packages by the end of 2011 and have a physical activity program in 100 countries toward our goal to have one in every country in which we operate by 2015. CocaCola . Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. 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. 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. 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. Operating Review Year Ended December 31, 2020. This button displays the currently selected search type. 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. 4761 0 obj <> endobj