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In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. 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. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. Coca-Cola, PepsiCo, Mars Slammed Over Recycling Targets - Business Insider Sustainable Development Reports | Swire Coca-Cola Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. 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. CocaCola . 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. Lizzie Munsanje - Communications & Sustainability Specialist - Coca The unavailable information could have a significant impact on our full year 2021 reported financial results. Therefore, the percent change is not meaningful. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. 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. Christine Yeager - Director, PMO Sustainability - The Coca-Cola Company 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.. 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. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Sustainable Development Reports | Swire Coca-Cola Sustainability Overview Planet Product People SD Reports Sustainable Development Reports Further details of our environmental and social performance are outlined in our Sustainability Report. Coke and Pepsi eye new sustainability goals after years of - Fortune We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. . See more Sustainability report About this report While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. 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. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. Writing a Marketing Plan . 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. 2018 Annual Review. 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. %%EOF See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 2019 Annual Review. The companys sustainability goals are interlinked.. Organic revenues (non-GAAP) declined 17%. Lusaka, Zambia Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. ", 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 HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. Jun 2021 - Present1 year 10 months. 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. Lagos, Nigeria. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. 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+." 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. Introduction to Sustainability Coursera Issued Nov 2020. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. 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. Our purpose is to refresh the world and make a difference. Explore our Purpose & Vision, History and more. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. The first quarter has five additional days compared to first quarter 2020. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. Coca-Cola Reports Fourth Quarter and Full Year 2020 Results See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. 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. Water replenishment ratio of 159.9%. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. endstream endobj startxref Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . 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. Feb 2021 - Present2 years 2 months. Menu. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Human Rights | Coca-Cola European Partners Investors Contact Our human rights journey November 2020 Listed on the Dow Jones Sustainability Index for a fifth year (one of just four beverage companies to be listed on the DJSI World Index and one of three to be listed on the DJSI Europe Index). Fiona Loh, IHRP-CA - Strategic Business Partner (Enabling functions And we will do all of this while maintaining a 100% or more global water replenishment rate.. We are striving to make packaging part of the circular economy, Perez said. "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. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site Therefore, the percent change is not meaningful. Oluwatobiloba Kajero - Portfolio and Commercialisation Specialist 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.). The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . 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 . 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. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. The Coca-Cola Company in Boydton, VA Expand search. Sustainability Report 2021 demonstrates the company's progress and . 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. Sustainability Report for 2020 - cch Hungary happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. When expanded it provides a list of search options that will switch the search inputs . 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. Our biggest commitment is to reach carbon neutrality. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. %PDF-1.6 % 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.. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. "Our beverages are offered in returnable glass bottles and are 100% recyclable. The company continues to strengthen risk assessments and streamline supplier engagement processes. <br> 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 . 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. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. 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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. Bhumika Gupta Oberoi (She/Her) - Manager - Strategic & Sustainability 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. 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. Challenging . The Coca-Cola Company Releases First-Ever GRI Report | Press Release "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. 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. Strategy :: The Coca-Cola Company (KO) Explore our Purpose & Vision, History and more. 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. Annual Reviews. Explore our Purpose & Vision, History and more. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. As a result, the company has reinstated guidance and is providing its 2021 outlook. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team 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. 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. The Coca-Cola Company, American corporation founded in 1892 and today engaged primarily in the manufacture and sale of syrup and concentrate for Coca-Cola, a sweetened carbonated beverage that is a cultural institution in the United States and a global symbol of American tastes. 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. 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. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. 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 Back Submit. May 2020 - Jun 2022 2 years 2 months. What Can Hospitals Learn from The Coca-Cola Company? Health Care Aisha Sarwari - Director Public Affairs, Communications and 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. 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. 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. 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. 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 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.