Annual Reviews. For the year, the company gained value share in total NARTD beverages in addition to all 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. Globally, we are the No. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. 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 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. Ambitious goals for sustainable business operations have not been forgotten. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. 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. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Feb 2021 - Present2 years 2 months. 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. 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. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. 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. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. Lusaka, Zambia View Governance. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. Water replenishment ratio of 159.9%. 2013 Annual Review . 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. Our purpose is to refresh the world and make a difference. Our sustainability strategy guides how we support and engage the remarkable people behind our brands, from farmers and employees to the communities we call home, and delivers on our commitments to safeguard the health of the environment. Our purpose is to refresh the world and make a difference. Enquiries . In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." 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. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 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.. Apr 2021 - Dec 20221 year 9 months. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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 . We aim to create a more sustainable and better shared future. 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. - The health and safety of our associates have always been our priority. 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. 4853 0 obj
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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. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. 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. For the Bottling Investments operating segment for the full year, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume after considering the impact of structural changes. 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.. 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. 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. Experienced Policy, Regulatory and Public Affairs practitioner with varied Industry and Association leadership roles, effective communicator, project catalyst and manager and a strong team leader and player proven in mobilising a wide range of stakeholders. Home; Our 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. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. CocaCola . Brussels, Brussels Region, Belgium. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. 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. Experienced FMCG Supply Chain professional. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. 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. 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. 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. 1K followers . The organization is on a path to emerge stronger and is positioned for long-term success. See more Sustainability report About this report (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team Our planet matters. 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. 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+." 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 Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. Volume performance included solid growth in sparkling soft drinks in China and India. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). 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. Explore our Purpose & Vision, History and more. 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. Filings & Reports . Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. Report this profile Report Report. 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. "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. This efficient use of input materials help in more than doubling the fruit produce. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Additionally, the company is constantly reducing the use of . Unit case volume declined 7% for the quarter, primarily due to the impact of the coronavirus pandemic across key markets and adverse weather in Southeast Asia. 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. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. 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 has been refreshing the world and making a difference for over 136 years. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. 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. "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. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. The Coca-Cola Company. TI&Sc Quality and Food Safety Manager. Explore our Purpose & Vision, History and more. 2020 Annual Review. Fruit Circular Economy starts with the Unnati program, which is farm-level productivity enhancement by creating a belief among farmers in using Ultra-high to high density fruit plantation coupled with modern Package of Practices (POP). 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. When expanded it provides a list of search options that will switch the search inputs . This year's report also received verification by a third party agency, indicating the agency's approval of tracking systems, resulting in an overall B+ grade. The company expects to deliver free cash flow (non-GAAP) of at least $8.5 billion through cash flow from operations of at least $10.0 billion and capital expenditures of approximately $1.5 billion. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. All rights reserved. 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. %%EOF
Our purpose is to refresh the world and make a difference. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Through early February 2021, the company has experienced a volume decline of mid single digits globally, with continued elevated levels of sales in at-home channels being more than offset by pressure in away-from-home channels. We use cookies to provide you with a great experience and to help our website run effectively. All rights reserved. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . 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. People matter. Short-Term Experience as Commercialization Manager. 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. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. 2022 The CocaCola Company. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. 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. 4761 0 obj
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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. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. 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. %PDF-1.6
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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. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. "Our beverages are offered in returnable glass bottles and are 100% recyclable. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. Organic revenues (non-GAAP) declined 17%. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. Writing a Marketing Plan . Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. The revenue declines were primarily driven by coronavirus-related pressure on Costa retail stores, partially offset by strong performance in Costa Express machines in the United Kingdom. We exceeded our goal to give back at least 1 percent of our operating income to communities worldwide through TheCoca-ColaCompany and TheCoca-ColaFoundation in 2010 by giving $102 million.
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