Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. ", Business Environment and Strategic Actions Update. Livingstone University. "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. 578 followers 347 connections. Comparable currency neutral operating income (non-GAAP) grew 10%, primarily due to effective cost management across all business units. "Our beverages are offered in returnable glass bottles and are 100% recyclable. Our biggest commitment is to reach carbon neutrality. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. A track record . 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. 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. 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. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. July 2020 The Coca-Cola Company in Boydton, VA Expand search. A graduate Chemical Engineer, passionate about the field of Food Technology and Sustainability. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. About . Our purpose is to refresh the world and make a difference. Director Public Affairs, Communications and Sustainability Pak & Afg (Eurasia and Middle East OU) at The Coca-Cola Company Islmbd, Pakistan. 2022 The CocaCola Company. To make a difference in people's lives, communities and our planet by doing business the right way. 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. Writing a Marketing Plan . Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. Operating Review Year Ended December 31, 2020. This was partially offset by growth in China, Brazil and Nigeria. The. Operating Review Three Months Ended December 31, 2020. The program impacted more than 1.3 million women in 2019 alone. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section. The company expects to deliver free cash flow (non-GAAP) of at least $8.5 billion through cash flow from operations of at least $10.0 billion and capital expenditures of approximately $1.5 billion. it saved 840 tones of plastic and more than 1,000 tones of CO 2 for years 2020-2021. 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 . 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. Annual Reviews. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. The company also provided an update on its strategic transformation initiatives. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. 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. Careers; . Experienced FMCG Supply Chain professional. For both the quarter and the full year, the decline was primarily due to pressure in the fountain business in North America and away-from-home channels in Western Europe due to the coronavirus pandemic. We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 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. In 2020 the coronavirus pandemic has posed numerous challenges, but the ambitious goals linked to our sustainable business operations remained stable. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. For the year, the company gained value share in total NARTD beverages in addition to all category clusters. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . Water replenishment ratio of 159.9%. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. <br><br>Through my one-month internship at Nestl at the Quality Assurance Department I gained some first experience. Fiscal Year Ended Dec 31, 2020. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. hb```6B 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 . 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. Operating income declined 14% in the quarter, which included items impacting comparability and a 25-point currency headwind. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. | Learn more about Oluwatobiloba Kajero's work experience, education . Home; Our Brands. Operating income declined 2% in the quarter, which included a 3-point currency tailwind. Brussels, Brussels Region, Belgium. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. The Coca-Cola Company. Plastics 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 . Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. Making all our packaging more sustainable and 100% recyclable globally by 2025 and use at least 50% recycled material in our packaging by 2030. 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. 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. 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 . 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. 2018 Annual Review. 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 planet matters. With new digital tools available to more people, the report was also created in a unique format offering easier access from smart phones, tablets and other popular mobile devices. You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . 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. ", 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. Atlanta, Georgia, United States. 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. Global unit case volume trends remain closely linked to consumer mobility and the health of away-from-home channels. 600 Women To Benefit As S.H.A.P.E 2020 Launches; Wellbeing - Caring For Our Communities. 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 use cookies to provide you with a great experience and to help our website run effectively. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. "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. Phone: +374 105 41 028 Email: [email protected] Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia View Site 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. 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. More than 20% of the companys global portfolio is in refillable or fountain packaging. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. The 2010/2011 Sustainability Report provides an in-depth review on the sustainability efforts of the Company and its nearly 300 bottling partners. %%EOF By becoming better ourselves, we can help build a stronger, more sustainable future for us all. - Foundation, Anandana, has set up 300+ water replenishment structures with a potential of replenishing 14 billion liters of water which has further benefitted more than 1 Million community members. Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Explore our Purpose & Vision, History and more. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . Join to follow The Coca-Cola Company . Annual Report. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. 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.. "Concentrate sales" represents the amount of concentrates, syrups, beverage bases, source waters and powders/minerals (in all instances expressed in equivalent unit cases) sold by, or used in finished beverages sold by, the company to its bottling partners or other customers. Coca-Cola Nigeria. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. 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. 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. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only. Volume was further impacted by pressure in the Asia Pacific and Europe, Middle East & Africa operating groups. Our purpose is to refresh the world and make a difference. 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+." Report this profile Report Report. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. The company also provided an update on its strategic transformation initiatives. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. Similar programs launched in Ethiopia and Tanzania.