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. "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. 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. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. 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. The company also provided an update on its strategic transformation initiatives. 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. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. 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.. 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. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. Osita Abana, MPA - Global Sustainability, Public Policy 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. Explore our Purpose & Vision, History and more. 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. Organic revenues (non-GAAP) declined 17%. 4800 0 obj
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"After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. 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. %%EOF
What Can Hospitals Learn from The Coca-Cola Company? Health Care Brussels, Brussels Region, Belgium. Lottie S. - Digital Workplace Communications Lead - The Coca-Cola Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. 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. Writing a Marketing Plan . Operating income declined 2% in the quarter, which included a 3-point currency tailwind. People matter. 2022 The CocaCola Company. 2020 - hr.coca-colahellenic.com "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. 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. In 2020, Coca-Cola pledged over Rs.70 million through its COVID-19 response program where it donated test kits to the Ministry of Health, essential packs to communities that needed it the most and conducted disinfection programs in multiple local communities. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. The first quarter has five additional days compared to first quarter 2020. PDF Coca-Cola HBC Publishes 2020 Integrated Annual Report Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Ambitious goals for sustainable business operations have not been forgotten. During my studies I have completed a lot of projects (in and out of the lab) working with other people and developed my skills in solving different problems. The Coca Cola Impact Report | Pages | WWF - World Wildlife Fund Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. 2013 Annual Review . We committed to include calorie information on the front of nearly all our packages by the end of 2011 and have a physical activity program in 100 countries toward our goal to have one in every country in which we operate by 2015. 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. Our purpose is to refresh the world and make a difference. 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 . 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 continues to strengthen risk assessments and streamline supplier engagement processes. 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. "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. "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. Reports and Results - KOF Lagos, Nigeria. hb```6B 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. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. This does not include any potential payments related to the ongoing tax litigation with the IRS. 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 . 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. Coca-Cola's Business & ESG Report 2020 CSR Europe Our Sustainability Stakeholder Report contains a full year of data from 1 January, 2021 to 31 December, 2021 and covers our global business operations in Europe and API. Finance Manager Hungary - The Coca-Cola Company - LinkedIn Felicia Pea - Manager, Public Affairs, Communications and - LinkedIn 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. 4761 0 obj
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The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. Coca-Cola Shares Sustainability Progress - News & Articles Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. Coca-Cola in Sri Lanka releases maiden Sustainability Report We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Download report Check report history 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. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. - The health and safety of our associates have always been our priority. Finance Manager Hungary. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. A track record . See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. We act in ways to create a more sustainable and better shared future. 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. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. Budapest, Hungary. Coca-Cola Bangladesh releases maiden Sustainability Highlights report The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 2021 Business, Environmental, Social & Governance | Company Reports 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. 2014 Annual Review. 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. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. Gurugram, Haryana, India. 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.. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. The Coca-Cola Company Releases First-Ever GRI Report | Press Release Operating Review Three Months Ended December 31, 2020. Proxy Statements; Annual Reviews; 2021 Annual Review. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Coke and Pepsi eye new sustainability goals after years of - Fortune 1K followers . For the Bottling Investments operating segment for the fourth quarter, 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. Coca-Cola Reports Fourth Quarter and Full Year 2020 Results We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. Volume performance included solid growth in sparkling soft drinks in China and India. 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. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Earnings Release 578 followers 347 connections. Our purpose is to refresh the world and make a difference. 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. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) We act in ways to create a more sustainable and better shared future. To make a difference in people's lives, communities and our planet by doing business the right way. Coca-Cola HBC ranked Europe's most sustainable Beverage 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. 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. 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.. 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. Fiona Loh, IHRP-CA - Strategic Business Partner (Enabling functions 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. Anna Lusa Cruz - Short-Term Experience Sustainability - The Coca-Cola Therefore, the percent change is not meaningful. Human Rights | Coca-Cola European Partners - Coca-Cola Europacific Partners Our purpose is to refresh the world and make a difference. This efficient use of input materials help in more than doubling the fruit produce. This button displays the currently selected search type. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. When expanded it provides a list of search options that will switch the search inputs . 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. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. 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. 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. Our purpose is to refresh the world and make a difference. 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. 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. Only through a comprehensive approach can we make transformational and enduring change. 0
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%. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. 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. Our planet matters. Report this profile Report Report. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. 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. 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. 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. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. The unavailable information could have a significant impact on our full year 2021 reported financial results. Sustainability :: The Coca-Cola Company (KO) 2016 Annual Review. 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. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 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. 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 . Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. ", Business Environment and Strategic Actions Update. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.7 billion servings a day. ET. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. Similar programs launched in Ethiopia and Tanzania. Coca-Cola HBC on LinkedIn: #esg #sustainability #2021spglobalyearbook # Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. Home; Our Brands. 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. 2020 Integrated Report ; Integrated Annual Report Enquiries . 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. ESG | Coca-Cola European Partners - Coca-Cola Europacific Partners The companys sustainability goals are interlinked.. Since 2000, our average calories per serving decreased by 9 percent globally.