coca cola company sustainability report 2020 coca cola company sustainability report 2020

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. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. 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. 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, 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. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany TI&Sc Quality and Food Safety Manager. 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.. ", Business Environment and Strategic Actions Update. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Explore our Purpose & Vision, History and more. Introduction to Sustainability Coursera Issued Nov 2020. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. Sustainability Report 2021 demonstrates the company's progress and . 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. Globally, we are the No. Learn all about our sustainability initiatives. 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 Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. Back. 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. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. The portal for Sustainability Reporting. 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. 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. Earnings Release The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. 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. 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. 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. Unit case volume declined 4% for the quarter, primarily due to coronavirus-related pressure in away-from-home channels in Europe and South Africa, partially offset by growth in Western Africa and Turkey. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. 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 Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. The Coca-Cola Company 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. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. 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. Our purpose is to refresh the world and make a difference. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. Note: Certain rows may not add due to rounding. We act in ways to create a more sustainable and better shared future. Plastics 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. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. <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 . 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. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. When expanded it provides a list of search options that will switch the search inputs . 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The companys sustainability goals are interlinked.. 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. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . 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. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. Water replenishment ratio of 159.9%. See more Sustainability report About this report 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. 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. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. Similar programs launched in Ethiopia and Tanzania. The program impacted more than 1.3 million women in 2019 alone. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. 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. The global initiative launched in 2018 focuses on designing, collecting and partnering. 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.. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. We use cookies to provide you with a great experience and to help our website run effectively. A track record . Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 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. "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. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. 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. Brussels, Brussels Region, Belgium. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Explore our Purpose & Vision, History and more. . Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. 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 Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. 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. 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. The first quarter has five additional days compared to first quarter 2020. This was partially offset by growth in China, Brazil and Nigeria. And, for the first time ever, its entire content is available exclusively online. Sep 2020 - Apr 20218 months. "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. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. Coca-Cola's Chief Sustainability Officer, Bea Perez, discusses the importance of prioritizing our sustainability goals as the business emerges stronger from the global pandemic. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. 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 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 . Back Submit. The. %%EOF Annual Reviews. 2020 Annual Review. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 2022 The CocaCola Company. 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. 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. Juice, dairy and plant-based beverages declined 2% for the quarter and 9% for the year, as solid performance by Simply and fairlife in North America was more than offset by a decline in Minute Maid in the fountain business. 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. To make a difference in people's lives, communities and our planet by doing business the right way. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. 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. Additionally, the company is constantly reducing the use of . 2022 The CocaCola Company. 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. 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 Coca-Cola Company has been refreshing the world and making a difference for over 136 years. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn