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.. 2022 The CocaCola Company. Oluwatobiloba is an experienced professional skilled in managing and monitoring market trends, driving strategic brand development and executing campaigns and ensuring marketing activities ultimately drive profitable business growth. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 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. 578 followers 347 connections. 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.. Finance Manager Hungary. Download report Check report history 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. Livingstone University. 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. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. The company also provided an update on its strategic transformation initiatives. Annual Report. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. "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. 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. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. - The health and safety of our associates have always been our priority. <br> May 2020 - Jun 2022 2 years 2 months. 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. 0
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. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. Operating Review Three Months Ended December 31, 2020. 2013 Annual Review . This button displays the currently selected search type. The companys sustainability goals are interlinked.. We act in ways to create a more sustainable and better shared future. 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. The company continues to strengthen risk assessments and streamline supplier engagement processes. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Our pledge as a company is that we will do our part to listen, learn and act with measurable and sustainable actions, Billingsley said. The company can't pursue plastic-free bottles, as their customers enjoy their convenience. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. Learn all about our sustainability initiatives. 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. 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. Report this profile Report Report. 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. Also in 2010, our system increased production volume while reducing global carbon emissions by 2 percent, putting us a step closer to our goal of growing our business but not our carbon footprint. 1 For Bottling Investments, 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 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. 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. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. eaha@LlQx6. 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). 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. We act in ways to create a more sustainable and better shared future. Introduction to Sustainability Coursera Issued Nov 2020. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. All volume percentage changes are computed based on average daily sales for the fourth quarter, unless otherwise noted, and are computed on a reported basis for the full year. See more Sustainability report About this report Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. Explore our Purpose & Vision, History and more. 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. Therefore, the percent change is not meaningful. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. We also exceeded our goal of installing 150,000 hydrofluorocarbon (HFC)-free coolers in 2010, for a cumulative total of 277,000 such units by the end of that year.Additionally, we increased that total to 500,000 by the end of 2011. To make a difference in people's lives, communities and our planet by doing business the right . 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. 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. 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. The Coca-Cola Company in Boydton, VA Expand search. Our purpose is to refresh the world and make a difference. Brussels, Brussels Region, Belgium. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Note: Certain rows may not add due to rounding. 2019 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. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. Globally, we are the No. 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. Mar 2021 - Present2 years 1 month. 102-54 Claims of reporting in accordance with the GRI . Budapest, Hungary. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. Feb 2021 - Present2 years 2 months. More than 20% of the companys global portfolio is in refillable or fountain packaging. The. Therefore, the percent change is not meaningful. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. 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. Additionally, the company is constantly reducing the use of . ET. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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 company also provided an update on its strategic transformation initiatives. Our biggest commitment is to reach carbon neutrality. And we will do all of this while maintaining a 100% or more global water replenishment rate.. Coca-Cola is committing to sharing diversity, equity and inclusion metrics with senior leaders each quarter, and disclosing results to investors and stakeholders on a regular basis. 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. A track record . 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. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. 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. TI&Sc Quality and Food Safety Manager. The report highlights progress made on all aspects of business, governance and sustainability during 2020. 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.. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. 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. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Atlanta, Georgia, United States. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. 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 . Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. %PDF-1.6
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Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. In 2010, we distributed 2.5 billion PlantBottle packages in 10 major markets, saving more than 60,000 barrels of oil and sequestering the equivalent of nearly 30,000 metric tons of carbon dioxide from our PET plastic bottles. US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 1 Coca-Cola's work toward its "drink in your hand" goal reduced its relative carbon emissions by 25% by 2020, against a 2010 baseline. 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. Annual Reviews. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Coca-Cola HBC AG . 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. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. 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. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com, https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. Operating Review Year Ended December 31, 2020. The company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . Filings & Reports . 4800 0 obj
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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. Our purpose is to refresh the world and make a difference.