Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. 4761 0 obj <> endobj ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. endstream endobj startxref The 2010/2011 Sustainability Report provides an in-depth review on the sustainability efforts of the Company and its nearly 300 bottling partners. And, for the first time ever, its entire content is available exclusively online. Writing a Marketing Plan . 102-54 Claims of reporting in accordance with the GRI . The global initiative launched in 2018 focuses on designing, collecting and partnering. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. 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. 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. We aim to create a more sustainable and better shared future. 11K followers 500+ connections. - 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. 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. 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.. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. View Governance. Operating Review Year Ended December 31, 2020. Annual Reviews. 1 For Bottling Investments, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume after considering the impact of structural changes. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. 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.. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. 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. Brussels, Brussels Region, Belgium. We act in ways to create a more sustainable and better shared future. The company continues to strengthen risk assessments and streamline supplier engagement processes. ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Water replenishment ratio of 159.9%. The Coca-Cola Company. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. 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. 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. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Our planet matters. To make a difference in people's lives, communities and our planet by doing business the right way. As a result, the company has reinstated guidance and is providing its 2021 outlook. 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. Only through a comprehensive approach can we make transformational and enduring change. And we will do all of this while maintaining a 100% or more global water replenishment rate.. For 14+ years, I have worked at the intersection of Public Policy, ESG and Communications for: The United Nations, The Coca-Cola Company, Unilever and Diageo. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. 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 But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Operating Review Three Months Ended December 31, 2020. 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. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. 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. . "Price/mix" represents the change in net operating revenues caused by factors such as price changes, the mix of products and packages sold, and the mix of channels and geographic territories where the sales occurred. Explore our Purpose & Vision, History and more. 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. 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 . 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.. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. The news was disclosed in S&P Global's Annual Yearbook, which confirms the 2021 Dow Jones Sustainability Index (DJSI), one of the world's leading . Organic revenues (non-GAAP) declined 17%. Budapest, Hungary. 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. The organization is on a path to emerge stronger and is positioned for long-term success. 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). 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. 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. 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. Therefore, the percent change is not meaningful. "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. The unavailable information could have a significant impact on our full year 2021 reported financial results. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. The companys sustainability goals are interlinked.. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. TI&Sc Quality and Food Safety Manager. 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. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team | Learn more about Oluwatobiloba Kajero's work experience, education . Challenging . See more Sustainability report About this report Our planet matters. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. July 2020 World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. 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 aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Report this profile Report Report. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 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. This efficient use of input materials help in more than doubling the fruit produce. - 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. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. Explore our Purpose & Vision, History and more. 2017 Annual Review. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. 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 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. The. 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. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . 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 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. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. Explore our Purpose & Vision, History and more. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. We use cookies to provide you with a great experience and to help our website run effectively. 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. 2020 Integrated Report ; Integrated Annual Report 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 . 0 Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. Sep 2020 - Apr 20218 months. 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.. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. Our purpose is to refresh the world and make a difference. 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. Plastics Enquiries . 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. Unit case volume grew 2% for the quarter, led by solid performance in sparkling soft drinks in Brazil, partially offset by a decline in away-from-home channels in Mexico. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) 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. 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. Home; Our Brands. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Menu. 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. Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. 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. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. Our purpose is to refresh the world and make a difference. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. %%EOF We are striving to make packaging part of the circular economy, Perez said. Reformulating nearly 1,000 beverages from 2017 to 2019. Annual Report. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. 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. Finance Manager Hungary. hb```6B Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. 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. 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 . Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . Back. 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. 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. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Financing Agreements; In August, Coca-Cola Beverages Philippines announced an investment of US$22 million in its operations to support its expansion projects and maintain its labor forces. . We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. 2014 Annual Review. 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. 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. 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. 2022 The CocaCola Company. Similar programs launched in Ethiopia and Tanzania. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. Download report Check report history "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. This button displays the currently selected search type. Explore our Purpose & Vision, History and more. ", 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. To make a difference in people's lives, communities and our planet by doing business the right way. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site 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. 2013 Annual Review . "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. 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. 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. 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. Sustainability Report 2021 demonstrates the company's progress and . We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system employees.For more information, visitwww.coca-colacompany.com, follow us on Twitter attwitter.com/CocaColaCo, or find us on LinkedIn atwww.linkedin.com/company/the-coca-cola-company., 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, www.linkedin.com/company/the-coca-cola-company. De Anza College Football Coaches, Gerson Therapy Success Rate, Section 962 Election Statement Template, Jefferson County Pa Zoning Map, Brian Timmons Nfl, Articles C