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We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. Our planet matters. Fiscal Year Ended Dec 31, 2020. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. 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.. 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. Experienced FMCG Supply Chain professional. 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. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. 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. 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. 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. Globally, we are the No. The Netherlands and Norway recently became the second and third markets in Western Europe (after Sweden) to transition to 100% rPET for their entire portfolios.. 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. 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. 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 . Ambitious goals for sustainable business operations have not been forgotten. Coca-Cola HBC AG . Careers; . 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 . Global Unit Case Volume Declined 3% for the Quarter and 6% for the Full Year, Net Revenues Declined 5% for the Quarter and 11% for the Full Year; Organic Revenues (Non-GAAP) Declined 3% for the Quarter and 9% for the Full Year, Operating Income Grew 8% for the Quarter and Declined 11% for the Full Year; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 14% for the Quarter and Was Even for the Full Year, Fourth Quarter EPS Declined 29% to $0.34, and Comparable EPS (Non-GAAP) Grew 6% to $0.47; Full Year EPS Declined 13% to $1.79, and Comparable EPS (Non-GAAP) Declined 8% to $1.95, Cash from Operations Was $9.8 Billion for the Full Year, Down 6%; Full Year Free Cash Flow (Non-GAAP) Was $8.7 Billion, Up 3%. 2019 Annual Review. 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. 2015 Annual Review. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. Back Submit. The portal for Sustainability Reporting. The. Plastics According to a recent audit, the industry surpassed this target ahead of schedule (14.6% reduction between 2015 and 2019)., Growing Coca-Cola Zero Sugar volume double digits in North America for the third consecutive year in 2019, while continuing to post double-digit growth of mini can sales., Rolling out 100% recycled PET (rPET) plastic packaging in 18 markets and counting. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. 2013 Annual Review . 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 Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Finance Manager Hungary. 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. 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. 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. 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). 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. Similar programs launched in Ethiopia and Tanzania. See more Sustainability report About this report 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. Strategic Business Partner (Support functions) at Bottling Investments Group, The Coca-Cola Company Singapore. And we will do all of this while maintaining a 100% or more global water replenishment rate.. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. Download report Check report history 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 . Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. 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. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. ", Business Environment and Strategic Actions Update. 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. Lagos, Nigeria. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team Increasing total sales globally in 2018 and 2019, while reducing added sugar. 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. 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. 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 0 We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. 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). This does not include any potential payments related to the ongoing tax litigation with the IRS. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. The company also provided an update on its strategic transformation initiatives. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. 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. Since 2000, our average calories per serving decreased by 9 percent globally. Skilled in Corporate Social Responsibility, Public Policy . But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. <br> Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. 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.. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. 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. 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. 2021 Integrated Report; Integrated Annual Report 2020. 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. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. . 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. 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). We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. To make a difference in people's lives, communities and our planet by doing business the right way. 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. 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 . The company also provided an update on its strategic transformation initiatives. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. 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. All rights reserved. 2014 Annual Review. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. This report is the company's maiden sustainability performance disclosure, highlighting the impact the company has created in the community along with the key sustainability initiatives across the value chain, according to a press release. 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. 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. A track record . 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 four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. 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. Explore our Purpose & Vision, History and more. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. 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. Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. While volume trends have broadly remained resilient amidst the continuing uncertainty surrounding the coronavirus pandemic, the company experienced incremental pressure in December and into the early part of this year due to a resurgence of the coronavirus in many parts of the world. July 2020 Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. Reported operating income for Global Ventures for the three months ended December 31, 2019 was $118 million. 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. "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. 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. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . 578 followers 347 connections. 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. Explore our Purpose & Vision, History and more. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. We aim to create a more sustainable and better shared future. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 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 computed based on total sales (rather than average daily sales) in each of the corresponding periods after considering the impact of structural changes. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. Zug, Switzerland - 1 February 2022 - Coca-Cola HBC has again been rated Europe's most sustainable beverage company, and for the 11 th consecutive year has been ranked among the top three beverage industry performers globally.. For comparable net revenues (non-GAAP), the company expects a 2% to 3% currency tailwind based on the current rates and including the impact of hedged positions. - 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. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. Given the above considerations, the company expects to deliver comparable EPS (non-GAAP) percentage growth of high single digits to low double digits versus $1.95 in 2020. "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. 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. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Our purpose is to refresh the world and make a difference. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. Organic revenues (non-GAAP) declined 17%. 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. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . 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. 2016 Annual Review. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. 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. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. "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. We are striving to make packaging part of the circular economy, Perez said. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. For both the quarter and the full year, the decline was primarily due to pressure in the fountain business in North America and away-from-home channels in Western Europe due to the coronavirus pandemic. "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. 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. 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. 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.. Report this profile Report Report. 2022 The CocaCola Company. 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. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. I actively engage with stakeholders to strengthen The Coca-Cola Company's impact and deliver value to the business across Texas and other centrally located states in the U.S. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. 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. "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. 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. CocaCola . Report. Sustainability Report 2021 demonstrates the company's progress and . Gurugram, Haryana, India. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace.