Challenging . | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn . In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. Investors and Analysts: Tim Leveridge, koinvestorrelations@coca-cola.com, https://coca-colacompany.com/shared-future/diversity-and-inclusion/racial-equality. 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. 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. 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. 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. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. 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. Coca-Cola Nigeria. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. "Our beverages are offered in returnable glass bottles and are 100% recyclable. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . 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. Community hygiene programs have continued during the pandemic in countries such as Uganda, where Coca-Cola Beverages Africa helped distribute 5,000 hand-washing stations. Filings & Reports . Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. TI&Sc Quality and Food Safety Manager. ", Business Environment and Strategic Actions Update. %PDF-1.6 % Back. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. To make a difference in people's lives, communities and our planet by doing business the right . Home; Our Brands. 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 . Download report Check report history 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. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Annual Reviews. Courtesy of Coca-Cola The impact speaks for itself: A 2020 report from Break Free From Plastic collected 13,834 pieces of Coca-Cola-branded waste across 51 countriesmore than the. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. Atlanta, Georgia, United States. 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 aim to create a more sustainable and better shared future. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. The organization is on a path to emerge stronger and is positioned for long-term success. Our purpose is to refresh the world and make a difference. 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. An audio replay in downloadable digital format and a transcript of the call will be available on the website within 24 hours following the call. <br> 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. A track record . The Coca-Cola Company is committed to good corporate governance, which promotes the long-term interests of shareowners, strengthens Board and management accountability and helps build public trust in the Company. For 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. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. 2018 Annual Review. The four main areas of focus include water stewardship, energy efficiency and climate protection, sustainable packaging and healthy communities.. 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. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. 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 ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. Therefore, the percent change is not meaningful. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. 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. The company invites participants to listen to a live webcast of the conference call on the companys website, http://www.coca-colacompany.com, in the "Investors" section. 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. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. And, for the first time ever, its entire content is available exclusively online. Mar 2021 - Present2 years 1 month. Ceres, the sustainability leadership advocacy group, in a recent report ranked Coca-Colasecond highest scorer among food companies on water management, behind Unilever.Over the last 13 years, Coca-Cola has poured roughly $2bn into its water stewardship goals. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. 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. 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. We act in ways to create a more sustainable and better shared future. Coca-Cola HBC has been awarded a gold medal in The Sustainability Yearbook 2021, which ranks company sustainability performance by industry, according to their | 10 comments on LinkedIn Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. 2016 Annual Review. 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.. Proxy Statements; Annual Reviews; 2021 Annual Review. 4761 0 obj <> endobj "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. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company Additionally, the company is constantly reducing the use of . 2019 Annual Review. 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 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.. 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. Reformulating nearly 1,000 beverages from 2017 to 2019. 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. May 2020 - Jun 2022 2 years 2 months. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system employees.For more information, visitwww.coca-colacompany.com, follow us on Twitter attwitter.com/CocaColaCo, or find us on LinkedIn atwww.linkedin.com/company/the-coca-cola-company., Principles for Sustainable Agriculture (PSA), What the Fanta Mystery Flavors and Campaign, Coca-Cola Christmas Caravan Twenty Fifth Anniversary, Coca-Cola Zero Sugar Invites Fans to #TakeATaste, Simply Mixology Raises the Bar of At-Home Mocktail & Cocktail Experiences, Sprite, Fresca, Seagrams, & Mark Ronson Madlib Music Connection, www.linkedin.com/company/the-coca-cola-company. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. The companys sustainability goals are interlinked.. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 2020 Integrated Report ; Integrated Annual Report The company can't pursue plastic-free bottles, as their customers enjoy their convenience. 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. 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. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Water replenishment ratio of 159.9%. 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. 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. The Coca-Cola Company. People matter. 0 Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. 11K followers 500+ connections. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Furthermore, we continued our commitment to promoting agricultural practices that arebetter for both farmers and the environment, through projects such as. 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. 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. eaha@LlQx6. 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%. 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. 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. The company also provided an update on its strategic transformation initiatives. 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. Skilled in Corporate Social Responsibility, Public Policy . Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. 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. 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 Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. 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. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. She has exemplary communication, leadership, innovative and collaborative skills . 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.. 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.). We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. Concentrate sales were 4 points ahead of unit case volume, driven by two additional days in the quarter and cycling the timing of shipments in Brazil in the prior year. 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 first quarter has five additional days compared to first quarter 2020. From trademark Coca-Cola to Sports, Juice & Dairy Drinks, Alcohol Ready-to-Drink Beverages and more, discover some of our most popular brands in North America and from around the world. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. Only through a comprehensive approach can we make transformational and enduring change. Our purpose is to refresh the world and make a difference. 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. 2020 Annual Review. Price/mix grew 3% for the quarter, as solid growth in juice and dairy finished-goods brands was partially offset by pressure in the fountain business and away-from-home channels. 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.. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. Globally, we are the No. Careers; . We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Livingstone University. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. Menu. 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. This efficient use of input materials help in more than doubling the fruit produce. Coca-Cola's brand value from 2006 to 2022 (in billion U.S. dollars) Most sustainable consumer goods companies in the United States in 2020 Most sustainable consumer goods companies in the. 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 report highlights progress made on all aspects of business, governance and sustainability during 2020. See more Sustainability report About this report Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. 2014 Annual Review. The. Similar programs launched in Ethiopia and Tanzania. 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. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. About . Price/mix declined 4% for the quarter driven by negative package mix along with cycling solid pricing in the prior year. To make a difference in people's lives, communities and our planet by doing business the right way. 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 . 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). All rights reserved. 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. Experienced Policy, Regulatory and Public Affairs practitioner with varied Industry and Association leadership roles, effective communicator, project catalyst and manager and a strong team leader and player proven in mobilising a wide range of stakeholders. We use cookies to provide you with a great experience and to help our website run effectively. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Finance Manager Hungary. ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. In the reconciliation of reported net revenues, "concentrate sales" represents the percent change in net revenues attributable to the increase (decrease) in concentrate sales volume for the geographic operating segments and the Global Ventures operating segment after considering the impact of structural changes. . 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. 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. Learn all about our sustainability initiatives. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. 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. "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. Sustainable Agriculture "Price/mix" represents the change in net operating revenues caused by factors such as price changes, the mix of products and packages sold, and the mix of channels and geographic territories where the sales occurred. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis.

Solarcity Foreclosure Addendum, Similarities Of Elementary Secondary And Tertiary Education, Bird Flex Electric Scooter, Articles C