Operating Review Year Ended December 31, 2020. Note: Certain rows may not add due to rounding. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. endstream endobj startxref 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. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . 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. 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. 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. 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. 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. Back Submit. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Water replenishment ratio of 159.9%. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. To make a difference in people's lives, communities and our planet by doing business the right way. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. 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. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. 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. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. 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. Only through a comprehensive approach can we make transformational and enduring change. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. Explore our Purpose & Vision, History and more. Water replenishment ratio of 159.9%. Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. This button displays the currently selected search type. And, for the first time ever, its entire content is available exclusively online. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Lagos, Nigeria. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. 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. 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. 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. Join to follow The Coca-Cola Company . Our purpose is to refresh the world and make a difference. 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.). 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. 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. 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. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. 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. In the Company's effort to increase transparency across its broad sustainability platform, this year's Report was created using stakeholder feedback and, for the first time, follows the disclosure and reporting requirements of the Global Reporting Initiative (GRI) to achieve a self-declared grade level "B+." The Coca-Cola Company, 2020 World Without Waste Report (June 2021), p. 5. Explore our Purpose & Vision, History and more. Increasing total sales globally in 2018 and 2019, while reducing added sugar. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. Additionally, the company is constantly reducing the use of . COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. The global initiative launched in 2018 focuses on designing, collecting and partnering. Reformulating nearly 1,000 beverages from 2017 to 2019. <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 . 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. 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 has been refreshing the world and making a difference for over 136 years. - Committed investments of USD 1.7 Billion to Indias agri-ecosystem along with partners to create a healthy local juice and concentrate supply chain with successful and thriving farming communities and ecosystems. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. 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. <br><br>After finishing . People matter. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Concentrate sales were 3 points ahead of unit case volume, largely due to two additional days in the quarter and cycling the Brexit-related inventory reduction in the prior year. Email Alerts. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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 continues to strengthen risk assessments and streamline supplier engagement processes. 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. 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 Earnings Release The first quarter has five additional days compared to first quarter 2020. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. 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. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. How many drinks does The CocaCola Company sell worldwide each day? 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. Concentrate sales were 3 points behind unit case volume due to cycling the timing of shipments in China in the prior year, partially offset by two additional days in the quarter. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. 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 . 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. 2021 Integrated Report; Integrated Annual Report 2020. Proxy Statements; Annual Reviews; 2021 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 been refreshing the world and making a difference for over 136 years. 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 . 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. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Download report Check report history 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. May 2020 - Jun 2022 2 years 2 months. Explore our Purpose & Vision, History and more. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. 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 company provides carbonated soft drinks, spring waters, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee . 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. 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, Achieving the companys water replenishment goal to return 100% of water used annually by 2020 in 2015, five years ahead of schedule., Returning the equivalent of 160% of water used in finished beverages back to communities and nature as of 2019. "Our beverages are offered in returnable glass bottles and are 100% recyclable. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. Report this profile Report Report. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. 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. 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 . ", 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.
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