Volume performance included solid growth in sparkling soft drinks in China and India. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. According to an updated Cradle-To-Resin Life Cycle Analysis of Polyethylene Resin by the National Association for PET Container Resources (NAPCOR), a 60% reduction in greenhouse gas emissions and a 75% lower total energy demand may be achieved by replacing a unit of . 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. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. 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. 4853 0 obj <>stream 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. . Home; Our Brands. 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. 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. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. July 2020 All volume percentage changes are computed based on average daily sales for the fourth quarter, unless otherwise noted, and are computed on a reported basis for the full year. "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. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. Creating a $100 million fund with The Recycling Partnership, Closed Loop Partners and World Wildlife Fund in the U.S. to reclaim more plastic bottles so they can be remade into new bottles. CocaCola . This efficient use of input materials help in more than doubling the fruit produce. 2013 Annual Review . The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. 2016 Annual Review. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Concentrate sales were 1 point ahead of unit case volume, driven by two additional days in the quarter partially offset by the timing of shipments. 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 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. 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. 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. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. Coca-Cola Nigeria. While near-term uncertainty remains, we are well-positioned to emerge stronger from the crisis, driven by our purpose and our beverages for life ambition. Lusaka, Zambia Livingstone University. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 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.. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. People matter. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets non-alcoholic ready-to-drink beverages primarily in Australia, New Zealand, Indonesia, Papua New Guinea, and Fiji. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Brussels, Brussels Region, Belgium. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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.. To make a difference in people's lives, communities and our planet by doing business the right . Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . 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. <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 . All rights reserved. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. 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. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. Explore our Purpose & Vision, History and more. 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. ", Business Environment and Strategic Actions Update. The companys sustainability goals are interlinked.. A track record . 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. Since 2000, our average calories per serving decreased by 9 percent globally. 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. 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 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. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. For the year, the company lost value share in total NARTD beverages, primarily due to share losses across most category clusters, partially offset by a share gain in sparkling soft drinks. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. This innovation will be available on all Freestyle machines in the U.S. by the end 2020. And, for the first time ever, its entire content is available exclusively online. Join to follow The Coca-Cola Company . Challenging . 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 . 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. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. 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.). Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. Note: Certain rows may not add due to rounding. 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 Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . The first quarter has five additional days compared to first quarter 2020. endstream endobj startxref 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. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. 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. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. 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. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. Join to view profile Coca-Cola Beverages Zambia. Feb 2021 - Present2 years 2 months. 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. 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 . Comparable net revenues (non-GAAP) are expected to include a minimal currency impact based on the current rates and including the impact of hedged positions. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. 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 purpose is to refresh the world and make a difference. See more Sustainability report About this report Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. 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. 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. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. 1K followers . 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. %%EOF Email Alerts. 102-54 Claims of reporting in accordance with the GRI . 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. 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. Plastics Back Submit. 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, largely due to two additional days in the quarter and cycling the Brexit-related inventory reduction in the prior year. 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. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. 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. 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+." 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 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. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The company continues to strengthen risk assessments and streamline supplier engagement processes. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. "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. 4800 0 obj <>/Filter/FlateDecode/ID[<0BAA659A84D44741B6685DA836576184><052C9A4B0CCFD44A8B1721E43F16254A>]/Index[4761 93]/Info 4760 0 R/Length 163/Prev 876078/Root 4762 0 R/Size 4854/Type/XRef/W[1 3 1]>>stream Explore our Purpose & Vision, History and more. Reformulating nearly 1,000 beverages from 2017 to 2019. The Coca-Cola Company. 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. 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. - 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. The portal for Sustainability Reporting. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. Careers; . 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. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. 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.. 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. 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. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. This does not include any potential payments related to the ongoing tax litigation with the IRS. 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. To make a difference in people's lives, communities and our planet by doing business the right way. Finance Manager Hungary. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". Budapest, Hungary. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site More than 20% of the companys global portfolio is in refillable or fountain packaging. The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . Short-Term Experience as Commercialization Manager. 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 aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. 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. 2015 Annual Review. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Developing a touch-less option for Coca-Cola Freestyle machines in the U.S., allowing consumers to select and pour drinks them via smartphone all without touching the machines screen. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Ambitious goals for sustainable business operations have not been forgotten. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. From trademark Coca-Cola to Sports, Juice & Dairy Drinks, Alcohol Ready-to-Drink Beverages and more, discover some of our most popular brands in North America and from around the world. Our 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. 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. And we will do all of this while maintaining a 100% or more global water replenishment rate.. The 2010/2011 Sustainability Report provides an in-depth review on the sustainability efforts of the Company and its nearly 300 bottling partners. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. Report. 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. The unavailable information could have a significant impact on our full year 2021 reported financial results. 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. Sustainability Senior Manager - Africa. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. 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. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. Our purpose is to refresh the world and make a difference.
How To Open Georgia Pacific Marathon Paper Towel Dispenser,
Charleston Diocese Lawsuit,
Cynt Marshall Salary,
Horseheads Town Court,
Articles C
