COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. 2022 The CocaCola Company. Earnings Release See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. 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. 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. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. 2016 Annual Review. 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. 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. Coca-Cola's brand value from 2006 to 2022 (in billion U.S. dollars) Most sustainable consumer goods companies in the United States in 2020 Most sustainable consumer goods companies in the. 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. 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.). 2021 Integrated Report; Integrated Annual Report 2020. 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. And we will do all of this while maintaining a 100% or more global water replenishment rate.. To make a difference in people's lives, communities and our planet by doing business the right way. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Join to follow The Coca-Cola Company . 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. 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. 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. 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. 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. Filings & Reports . 4761 0 obj <> endobj The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. 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. Similar programs launched in Ethiopia and Tanzania. Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. The company also provided an update on its strategic transformation initiatives. 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.. 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. 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 . Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Lagos, Nigeria. 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. 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. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. 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. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. 2013 Annual Review . Explore our Purpose & Vision, History and more. All rights reserved. Volume performance included solid growth in sparkling soft drinks in China and India. 2015 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. Fiscal Year Ended Dec 31, 2020. The organization is on a path to emerge stronger and is positioned for long-term success. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. 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. 102-53 Contact point for questions regarding the report Please visit our Contact Us webpage, email us or call 1-800-GET-COKE (U.S. only). 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. 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 . Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. - 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. Unit case volume declined 3% for the quarter and 6% for the year, as continued strength in at-home channels was more than offset by coronavirus-related pressure in away-from-home channels. 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 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 $1.5 billion. More than 20% of the companys global portfolio is in refillable or fountain packaging. The revenue declines were primarily driven by coronavirus-related pressure on Costa retail stores, partially offset by strong performance in Costa Express machines in the United Kingdom. Boosting PET recycling rates in Kenya from 5% in 2018 to 35% in 2019 via industry efforts to support the PETCO recycling model developed in South Africa. The Coca-Cola Company is committed to good corporate governance, which promotes the long-term interests of shareowners, strengthens Board and management accountability and helps build public trust in the Company. For the year, the company lost value share in total NARTD beverages due to coronavirus-related restrictions in away-from-home channels, where the company has a strong share position. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. For 14+ years, I have worked at the intersection of Public Policy, ESG and Communications for: The United Nations, The Coca-Cola Company, Unilever and Diageo. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. TI&Sc Quality and Food Safety Manager. 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. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . 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. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. 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. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. 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. Gurugram, Haryana, India. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. "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. 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. She has exemplary communication, leadership, innovative and collaborative skills . We act in ways to create a more sustainable and better shared future. 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). Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. 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. Led byCoca-Cola, the world's most valuable brand, our Company's portfolio features 15 billion dollar brands including Diet Coke, Fanta, Sprite,Coca-ColaZero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. 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. Atlanta, Georgia, United States. 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. Finance Manager Hungary. 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. 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 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. Our purpose is to refresh the world and make a difference. 2020 Annual Review. 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. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. | Learn more about Oluwatobiloba Kajero's work experience, education . 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. Further, the "Investors" section of the website includes certain supplemental information and a reconciliation of non-GAAP financial measures to the companys results as reported under GAAP, which may be used during the call when discussing financial results.

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