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. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. %%EOF
Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. 2020 Integrated Report ; Integrated Annual Report US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 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. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 2017 Annual Review. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full-year 2021 results, including another quarter of sequential improvement in volume trends compared to 2019. This does not include any potential payments related to the ongoing tax litigation with the IRS. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Globally, we are the No. The company continues to strengthen risk assessments and streamline supplier engagement processes. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . When expanded it provides a list of search options that will switch the search inputs . it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Experienced FMCG Supply Chain professional. . See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. To make a difference in people's lives, communities and our planet by doing business the right way. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. 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. 2022 The CocaCola Company. 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. ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. Learn all about our sustainability initiatives. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Operating Review Three Months Ended December 31, 2020. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . To make a difference in people's lives, communities and our planet by doing business the right . Our planet matters. 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. 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. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. 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. <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 . Sustainability Senior Manager - Africa. 4761 0 obj
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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. 578 followers 347 connections. We act in ways to create a more sustainable and better shared future. Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. Finance Manager Hungary. 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. She has exemplary communication, leadership, innovative and collaborative skills . 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. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. 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. eaha@LlQx6. 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. 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. 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. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. 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. Menu. 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 use cookies to provide you with a great experience and to help our website run effectively. Our purpose is to refresh the world and make a difference. 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. 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. 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. For Costa non-ready-to-drink beverage products, "concentrate sales" represents the amount of coffee beans and finished beverages (in all instances expressed in equivalent unit cases) sold by the company to customers or consumers. Gurugram, Haryana, India. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. Introduction to Sustainability Coursera Issued Nov 2020. ", Business Environment and Strategic Actions Update. We act in ways to create a more sustainable and better shared future. 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. Creating a $100 million fund with The Recycling Partnership, Closed Loop Partners and World Wildlife Fund in the U.S. to reclaim more plastic bottles so they can be remade into new bottles. CocaCola . The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. 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. 11K followers 500+ connections. "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. 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 . ", 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. Apr 2021 - Dec 20221 year 9 months. May 2020 - Jun 2022 2 years 2 months. 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. 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%. The first quarter has five additional days compared to first quarter 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. Livingstone University. This was partially offset by growth in China, Brazil and Nigeria. 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. 2022 The CocaCola Company. 2018 Annual Review. Atlanta, Georgia, United States. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 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 2010/2011 Sustainability Report provides an in-depth review on the sustainability efforts of the Company and its nearly 300 bottling partners. Our purpose is to refresh the world and make a difference. Explore our Purpose & Vision, History and more. 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.. Note: Certain rows may not add due to rounding. Ambitious goals for sustainable business operations have not been forgotten. Explore our Purpose & Vision, History and more. The organization is on a path to emerge stronger and is positioned for long-term success. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. 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 purpose is to refresh the world and make a difference. The Coca-Cola Company in Boydton, VA Expand search. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. Report this profile Report Report. 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. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. 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. 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. 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. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. 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. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Coca-Cola Nigeria. By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. 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. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. This button displays the currently selected search type. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. And, for the first time ever, its entire content is available exclusively online. Plastics 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. 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. 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. 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 beverages are offered in returnable glass bottles and are 100% recyclable. Water replenishment ratio of 159.9%. The Coca-Cola Company. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 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. 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. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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 . 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. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. Therefore, the percent change is not meaningful. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. | Learn more about Oluwatobiloba Kajero's work experience, education . Challenging . We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Annual Reviews. People matter. 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. People matter. And we will do all of this while maintaining a 100% or more global water replenishment rate.. Lusaka, Zambia 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. 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.). 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. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 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. ET. The unavailable information could have a significant impact on our full year 2021 reported financial results. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. Writing a Marketing Plan . 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 . Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. July 2020 We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn "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. Join to follow The Coca-Cola Company . 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. 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. 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. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. . 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. 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. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. endstream
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The global initiative launched in 2018 focuses on designing, collecting and partnering. Additionally, the company is constantly reducing the use of . Coca-Cola HBC AG . 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. 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 . The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%.
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