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. Financing Agreements; In August, Coca-Cola Beverages Philippines announced an investment of US$22 million in its operations to support its expansion projects and maintain its labor forces. Challenging . Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. 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. Company Provides 2022 Financial Outlook. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Report. 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. Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." Brussels, Brussels Region, Belgium. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. 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 . See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. 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 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 eaha@LlQx6. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. 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 . 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.. This innovation will be available on all Freestyle machines in the U.S. by the end 2020. 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. And, for the first time ever, its entire content is available exclusively online. Our Affordable Small Sparkling Package (ASSP) is the worlds lightest-weight best-performing bottle. The. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. 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. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. 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. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Concentrate sales were 1 point ahead of unit case volume, driven by two additional days in the quarter partially offset by the timing of shipments. And we will do all of this while maintaining a 100% or more global water replenishment rate.. 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. 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.. Home; Our Brands. Our purpose is to refresh the world and make a difference. Reformulating nearly 1,000 beverages from 2017 to 2019. All rights reserved. CocaCola . Proxy Statements; Annual Reviews; 2021 Annual Review. 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. 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. 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. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . 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. 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. We are striving to make packaging part of the circular economy, Perez said. See more Sustainability report About this report When expanded it provides a list of search options that will switch the search inputs . 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. 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" means the number of unit cases (or unit case equivalents) of company beverages directly or indirectly sold by the company and its bottling partners to customers or consumers. Our ambitious plan in Europe, launched in 2017 in partnership with The Coca-Cola Company, places sustainability at the heart of our business strategy. CCIPL has prepared Sustainability Update 2020/21 in line with Global Reporting Initiative (GRI) Standards. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Download report Check report history Budapest, Hungary. We aim to create a more sustainable and better shared future. 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. The program impacted more than 1.3 million women in 2019 alone. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. The first quarter has five additional days compared to first quarter 2020. 4 Reported operating loss for Global Ventures for the year ended December 31, 2020 was $123 million. endstream endobj startxref We act in ways to create a more sustainable and better shared future. 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+." 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. 2020 Annual Review. Experienced FMCG Supply Chain professional. 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. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Annual Report. Our goal is to create closed loop systems, extracting the maximum value from materials and products while in use, and then recovering and recycling them.. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. 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. By becoming better ourselves, we can help build a stronger, more sustainable future for us all. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". 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. All rights reserved. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. Mar 2021 - Present2 years 1 month. 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. 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. 2014 Annual Review. 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. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. 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.. 578 followers 347 connections. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. Sep 2020 - Apr 20218 months. 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.. "The Global 50 report shares the foundation's view of the future and 50 opportunities for future for growth, prosperity and well-being. In addition to increasing transparency within the content, we have taken a digital approach to make the report more user-friendly and accessible on a variety of mobile devices. 2020 Integrated Report ; Integrated Annual Report We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. We act in ways to create a more sustainable and better shared future. %PDF-1.6 % 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 Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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. 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. 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. 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. 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. Price/mix declined 5% for the quarter driven by negative channel and package mix in Europe. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. 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 . happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. This does not include any potential payments related to the ongoing tax litigation with the IRS. Our planet matters. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. . Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. 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.). Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. 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. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. 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.