We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. While near-term uncertainty remains, we are well-positioned to emerge stronger from the crisis, driven by our purpose and our beverages for life ambition. 2022 The CocaCola Company. Skilled in Corporate Social Responsibility, Public Policy . Therefore, the company places greater focus on revenue growth as the best indicator of underlying performance of the segment. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Reformulating nearly 1,000 beverages from 2017 to 2019. 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.. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. Lusaka, Zambia 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. 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. 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. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. May 2020 - Jun 2022 2 years 2 months. Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. 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. 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. 102-54 Claims of reporting in accordance with the GRI . As a result, the company has reinstated guidance and is providing its 2021 outlook. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. Our planet matters.
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. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. 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 . 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. Earnings Release 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. Experienced Head of Environment, Policy and Sustainability with a demonstrated history of working in the food & beverages industry. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. 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. 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 Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . 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. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. 2016 Annual Review. Note: Certain rows may not add due to rounding. 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 way. endstream
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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. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. Responsible business | Coca-Cola Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. Explore our Purpose & Vision, History and more. 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. Unit case volume declined 7% for the quarter, as strong growth in sparkling soft drinks in at-home channels along with growth in AHA, fairlife and Powerade Zero was more than offset by a decline in the fountain business. 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. View Governance. The. - The health and safety of our associates have always been our priority. The 2010/2011 Sustainability Report provides an in-depth review on the sustainability efforts of the Company and its nearly 300 bottling partners. 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. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Gurugram, Haryana, India. Make 100% of our packaging recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. Join to follow The Coca-Cola Company . Email Alerts. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. To make a difference in people's lives, communities and our planet by doing business the right . Explore our Purpose & Vision, History and more. 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. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. 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. 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. 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 . Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. 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. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). . "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. When expanded it provides a list of search options that will switch the search inputs . Quantitative data highlighted in the report covers period from January 1, 2020 to December 31, 2020 unless otherwise stated. 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. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. 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.). And, for the first time ever, its entire content is available exclusively online. 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. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. Apr 2021 - Dec 20221 year 9 months. 2020 BUSINESS & ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT This report is a reflection of how, together with our bottling partners, we navigated the COVID-19 crisis as a global business while advancing our environmental, social and governance (ESG) priorities. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. Fiscal Year Ended Dec 31, 2020. 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..