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. Coca-Cola is a globally distributed brand with products that contribute to the obesity epidemic, the plastic pollution crisis, and water scarcity in vulnerable communities, all of which harm. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. 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. Our biggest commitment is to reach carbon neutrality. Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. <br><br>After finishing . "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. Reformulating nearly 1,000 beverages from 2017 to 2019. "The progress we made in 2020, including the actions taken to accelerate the transformation of our company, gives us confidence in returning to growth in the year ahead. 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. People matter. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Therefore, the percent change is not meaningful. "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. Enquiries . We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. 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). The Coca-Cola Company in Boydton, VA Expand search. Revisiting Sustainable Agriculture Guiding Principles to include dairy supply chains and other ingredients. 102-54 Claims of reporting in accordance with the GRI . As a result, the company has reinstated guidance and is providing its 2021 outlook. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. Operating income grew 32% in the quarter, which included a tailwind from items impacting comparability. Our PlantBottle technology, which allows us to replace 100 percent petroleum-based PET plastic with PET plastic that contains up to 30 percent material derived from plants, is becoming more widely used around the world. eaha@LlQx6. For Costa non-ready-to-drink beverage products, "concentrate sales" represents the amount of coffee beans and finished beverages (in all instances expressed in equivalent unit cases) sold by the company to customers or consumers. Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. We are striving to make packaging part of the circular economy, Perez said. 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. Unit case volume grew 2% for the quarter, led by solid performance in sparkling soft drinks in Brazil, partially offset by a decline in away-from-home channels in Mexico. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. Our purpose is to refresh the world and make a difference. Ambitious goals for sustainable business operations have not been forgotten. 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. TI&Sc Quality and Food Safety Manager. 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. 2016 Annual Review. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. How many drinks does The CocaCola Company sell worldwide each day? ATLANTA- TheCoca-ColaCompany released its eighth systemwide Sustainability Report, titledReasons to Believe. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. 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 . Explore our Purpose & Vision, History and more. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. For 14+ years, I have worked at the intersection of Public Policy, ESG and Communications for: The United Nations, The Coca-Cola Company, Unilever and Diageo. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. 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. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. Coca-Cola HBC AG is committed to making its entire value chain carbon neutral by 2040. 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.. 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. Explore our Purpose & Vision, History and more. Budapest, Hungary. 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. Gurugram, Haryana, India. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company Our pledge as a company is that we will do our part to listen, learn and act with measurable and sustainable actions, Billingsley said. 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 . Coca-Cola has developed a Global Social Justice Framework focused on four main pillars: listening, leading, investing and advocating. May 2020 - Jun 2022 2 years 2 months. To make a difference in people's lives, communities and our planet by doing business the right way. hb```6B Learn all about our sustainability initiatives. 11K followers 500+ connections. Therefore, the percent change is not meaningful. ", Business Environment and Strategic Actions Update. Atlanta, Georgia, United States. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. Reaching more than 10.6 million people globally through water, sanitation and hygiene programs, to date. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. Menu. 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. Home; Our Brands. At the end of 2020 we announced our ambition to reach net zero greenhouse gas emissions across our entire value chain in Europe by 2040. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. 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. Explore our Purpose & Vision, History and more. 1K followers . "Our beverages are offered in returnable glass bottles and are 100% recyclable. "In 2020, employees from across The Coca-Cola Company and its bottling system worked tirelessly to learn and adapt amidst a global crisis," said James Quincey, chairman and CEO of The Coca-Cola Company. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. Back. We have realigned our focus on 3 strategic pillars of our operations People, Community and Business Continuity. Report this profile Report Report. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. Our purpose is to refresh the world and make a difference. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site 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. This was partially offset by growth in China, Brazil and Nigeria. The company is confident in its ability to gain share and consumers, maintain strong system economics, strengthen its reputation with key stakeholders and position the organization to win. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. 2020 Annual Review. Oluwatobiloba is an experienced professional skilled in managing and monitoring market trends, driving strategic brand development and executing campaigns and ensuring marketing activities ultimately drive profitable business growth. This button displays the currently selected search type. Similarly to previous years, in the 2020 Sustainability Report we report on our performance and goals. 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.. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. 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. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. 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. 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. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. 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. Globally, we are the No. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. 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 near-term uncertainty remains, we are well-positioned to emerge stronger from the crisis, driven by our purpose and our beverages for life ambition. The unavailable information could have a significant impact on our full year 2021 reported financial results.
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