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. 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. Back. Water replenishment ratio of 159.9%. Sustainability Senior Manager - Africa. 2020; 2019; 2018; 2017; 2016; Videos Videos; Careers. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. 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 . Experienced FMCG Supply Chain professional. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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). A track record . Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. 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. 2018 Annual Review. CocaCola . Organic revenues (non-GAAP) declined 17%. 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.. 4761 0 obj <> endobj 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. 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. 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 Water replenishment ratio of 159.9%. 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. The program impacted more than 1.3 million women in 2019 alone. 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. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. 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. The report highlights progress made on all aspects of business, governance and sustainability during 2020. Our purpose is to refresh the world and make a difference. 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. 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. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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.). Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. Download report Check report history To make a difference in people's lives, communities and our planet by doing business the right way. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . "Our beverages are offered in returnable glass bottles and are 100% recyclable. 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. 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.. We continued working to make TheCoca-ColaCompany -- and our entire system -- a great place to work, starting with an unwavering commitment toworkplace and human rights. Human Rights | Coca-Cola European Partners Investors Contact Our human rights journey November 2020 Listed on the Dow Jones Sustainability Index for a fifth year (one of just four beverage companies to be listed on the DJSI World Index and one of three to be listed on the DJSI Europe Index). 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. May 2020 - Jun 2022 2 years 2 months. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Our purpose is to refresh the world and make a difference. Our planet matters. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. Lagos, Nigeria. 2020 Annual Review. I frequently created short-form videos focused on the latest fashion and beauty trends, outfit . <br><br>After finishing . "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . Join to follow The Coca-Cola Company . 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. Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . Joining an industry initiative in Europe to reduce added sugars by 10% 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. 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 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. Through early February 2021, the company has experienced a volume decline of mid single digits globally, with continued elevated levels of sales in at-home channels being more than offset by pressure in away-from-home channels. (HR) and Public Affairs, Communication and Sustainability (PACS) director Prepare monthly reports on People metrics for senior leadership team 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. And we will do all of this while maintaining a 100% or more global water replenishment rate.. . 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 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. 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. 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. By the end of 2011, PlantBottle packaging was available in 20 markets, and nearly 10 billion PlantBottle packages had been shipped. This does not include any potential payments related to the ongoing tax litigation with the IRS. The Coca-Cola Company in Boydton, VA Expand search. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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. 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. Lusaka, Zambia 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. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. 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. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. Feb 2021 - Present2 years 2 months. 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. The companys sustainability goals are interlinked.. Ambitious goals for sustainable business operations have not been forgotten. In July, the company announced to launch of a new hard seltzer under the Topo Chico brand in Latin America. Our purpose is to refresh the world and make a difference. 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). 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. Jun 2021 - Present1 year 10 months. Plastics 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. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn 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. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. 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. 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. The organization is on a path to emerge stronger and is positioned for long-term success. | Learn more about Oluwatobiloba Kajero's work experience, education . 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. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. 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. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. More than 20% of the companys global portfolio is in refillable or fountain packaging. 1K followers . Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. 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. 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. 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. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. 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. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. 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. 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. Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. 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. Coca-Cola's Business & ESG Report 2020 CSR Europe By using this website, you agree to our use of cookies. Report this profile Report Report. Learn all about our sustainability initiatives. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years.