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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Finance Manager Hungary. Explore our Purpose & Vision, History and more. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. This does not include any potential payments related to the ongoing tax litigation with the IRS. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. "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. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. All rights reserved. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. A strong business leader with a growth mindset with 30 years' experience having managed large businesses at a P&L level, both in India & international markets, and functional roles at Regional and National level in a large multinational environment.<br><br>My core strength is in Operations and People Leadership and have delivered signature achievements in the multiple business leadership . 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. 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. "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. Mar 2021 - Present2 years 1 month. Challenging . 2019 Annual Review. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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). We continued working to make TheCoca-ColaCompany -- and our entire system -- a great place to work, starting with an unwavering commitment toworkplace and human rights. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. Operating Review Three Months Ended December 31, 2020. Join to follow The Coca-Cola Company . Organic revenues (non-GAAP) declined 17%. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. The company also provided an update on its strategic transformation initiatives. As a result, the company has reinstated guidance and is providing its 2021 outlook. Since 2000, our average calories per serving decreased by 9 percent globally. "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. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. About . The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Lagos, Nigeria. 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). "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. 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 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. The company invites participants to listen to a live webcast of the conference call on the companys website, http://www.coca-colacompany.com, in the "Investors" section. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . 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. ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. 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.. Annual Reviews. Earnings Release Coca-Cola Nigeria. 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 Coca-Cola Company has been refreshing the world and making a difference for over 136 years. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. hb```6B 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. 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. How many drinks does The CocaCola Company sell worldwide each day? happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. The portal for Sustainability Reporting. Our purpose is to refresh the world and make a difference. 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. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. Short-Term Experience as Commercialization Manager. 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. 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. We are striving to make packaging part of the circular economy, Perez said. "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. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. 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. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. 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 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. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. 2013 Annual Review . Our purpose is to refresh the world and make a difference. The company's new sustainability campaign "Deliver for Today, Inspire for Tomorrow" focuses on corporate and environmental sustainability with the goal of leading the industry in two major areas: energy and climate change and sustainable packing and recycling. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. 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.. 2022 The CocaCola Company. 2020 Integrated Report ; Integrated Annual Report Skilled in Corporate Social Responsibility, Public Policy . To make a difference in people's lives, communities and our planet by doing business the right way. Reformulating nearly 1,000 beverages from 2017 to 2019. 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. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. <br><br>After finishing . 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. 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. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. 1K followers . Atlanta, Georgia, United States. The company is hosting a conference call with investors and analysts to discuss fourth quarter and full year 2020 operating results today, Feb. 10, 2021, at 8:30 a.m. 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. Our purpose is to refresh the world and make a difference. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. Our Principles for Sustainable Agriculture advance sustainable sourcing of our agricultural ingredients at the farm level, taking a longer-term perspective to reflect our expanding portfolio, increasingly diverse supply chains and the most recent science to support farmer livelihoods and ensure continuity of supply. We act in ways to create a more sustainable and better shared future. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. 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. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. 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. 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. Concentrate sales were 3 points ahead of unit case volume, primarily due to two additional days in the quarter (a 2-point benefit) and cycling the Brexit-related inventory reduction in the prior year. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. She has exemplary communication, leadership, innovative and collaborative skills . To make a difference in people's lives, communities and our planet by doing business the right way. 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. 2014 Annual Review. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. 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. The global initiative launched in 2018 focuses on designing, collecting and partnering. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 2021 Integrated Report; Integrated Annual Report 2020. 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 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. The Coca-Cola Company in Boydton, VA Expand search. 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 four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. The company continues to strengthen risk assessments and streamline supplier engagement processes. Learn all about our sustainability initiatives. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. 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. . View Governance. <br> Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. %PDF-1.6 % We act in ways to create a more sustainable and better shared future. The Coca-Cola Company. 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. Volume performance included solid growth in sparkling soft drinks in China and India. A track record . Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. 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. <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 . Experienced FMCG Supply Chain professional. Download report Check report history Plastics Explore our Purpose & Vision, History and more. Brussels, Brussels Region, Belgium. 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. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. 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. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. 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. 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. 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 currency neutral operating income (non-GAAP) grew 14% for the quarter and was even for the year, driven by effective cost management across operating groups offset by top-line pressure due to the coronavirus pandemic. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. 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. Our purpose is to refresh the world and make a difference. "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. Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. The report highlights progress made on all aspects of business, governance and sustainability during 2020. 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. 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. - 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. Introduction to Sustainability Coursera Issued Nov 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. We act in ways to create a more sustainable and better shared future. Note: Certain rows may not add due to rounding. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. | Learn more about Oluwatobiloba Kajero's work experience, education . 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+." TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Explore our Purpose & Vision, History and more. Jun 2021 - Present1 year 10 months. Home; Our Brands. 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. - 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. 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. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. %%EOF 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. 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. Launching a $140+ million PET Packaging Manufacturers of Clean Environment (PACE) initiative in India to create Asias Largest Packaging Waste Management Venture with goal of preventing recyclable packaging material from reaching landfills by 2025. 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.. Sustainability Report 2021 demonstrates the company's progress and . Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Globally, we are the No. Join to view profile Coca-Cola Beverages Zambia. 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. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. 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. Our purpose is to refresh the world and make a difference. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. 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. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Company Provides 2022 Financial Outlook. "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. 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. Budapest, Hungary. 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. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. This was partially offset by growth in China, Brazil and Nigeria. 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 . We aim to create a more sustainable and better shared future. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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.