While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. Sophia Chrysopoulou EU Public Affairs & Government Relations Director, The Coca-Cola Company Volume performance included solid growth in sparkling soft drinks in China and India. As we continue to strengthen our sustainability efforts, we also will innovate the means by which we share our progress. Join to follow The Coca-Cola Company . Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. Coca-Cola Reports Fourth Quarter and Full-Year 2021 Results Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . 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. Short-Term Experience as Commercialization Manager. View Governance. 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. The Coca-Cola Company on LinkedIn: #employerbranding #oficinas # 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. Note: Certain rows may not add due to rounding. Price/mix grew 6% for the quarter driven by pricing and trade promotion optimization in most markets. The structure of the Sustainability Report 2020 corresponds to the main pillars of Coca-Cola HBC's corporate social responsibility and sustainability, such as reducing emissions and caring for the climate, looking after water and water resources, striving for a world without waste, and an inclusive approach to corporate development. 2020 Integrated Report ; Integrated Annual Report 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. Michael Goltzman - Vice President, Global Policy - LinkedIn 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.. A track record . 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. Performance highlights from the 2010/2011 Sustainability Report include: About TheCoca-ColaCompany The Coca-Cola Companys World Without Waste strategy remains focused on three pillars: Design, Collect and Partner. 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. 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. Human Rights | Coca-Cola European Partners - Coca-Cola Europacific Partners 2021 Integrated Report; Integrated Annual Report 2020. 2013 Annual Review . 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. Arijit Mitra - Business Development Director at the Africa Operating 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. Unit case volume declined 3% for the quarter and 6% for the year, as continued strength in at-home channels was more than offset by coronavirus-related pressure in away-from-home channels. 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. Plastics 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. Similar programs launched in Ethiopia and Tanzania. . 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. The report highlights progress made on all aspects of business, governance and sustainability during 2020. The Coca-Cola System in India releases Sustainability Update 2020-21 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.. 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, Achieving the companys water replenishment goal to return 100% of water used annually by 2020 in 2015, five years ahead of schedule., Returning the equivalent of 160% of water used in finished beverages back to communities and nature as of 2019. Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. 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). Geographical and industry experience across Africa and the UK in FMCG, Telecoms, Market Research and Government sectors. 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.. Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system employees.For more information, visitwww.coca-colacompany.com, follow us on Twitter attwitter.com/CocaColaCo, or find us on LinkedIn atwww.linkedin.com/company/the-coca-cola-company., 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, www.linkedin.com/company/the-coca-cola-company. 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. The company continues to strengthen risk assessments and streamline supplier engagement processes. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Coca-Cola cleans up record on water usage | Reuters Events Gurugram, Haryana, India. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." Coca-Cola Bangladesh releases maiden Sustainability Highlights report The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. KEY HIGHLIGHTS OF THE SUSTAINABILITY UPDATE 2020 - 21 World Without Waste As part of its World Without Waste initiative, The Coca-Cola Company (TCCC) is committed to make 100 per cent of its packaging recyclable globally by 2025 and use at least 50 per cent recycled material in its packaging by 2030. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. The company's underlying effective tax rate (non-GAAP) is estimated to be 19.5%. 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. Lead the Sustainability Project Management Office for the North America Operating Unit of The Coca-Cola Company. 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. 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. 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. 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.. 2019 Annual Review. 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. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Our purpose is to refresh the world and make a difference. 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. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 4761 0 obj <> endobj Therefore, the percent change is not meaningful. "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 act in ways to create a more sustainable and better shared future. 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. Operating Review Three Months Ended December 31, 2020. The Coca-Cola Company has been refreshing the world and making a difference for over 136 years. Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Home; Our Brands. Globally, we are the No. 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 Coca-Cola System in India releases Sustainability Update 2020-21 For the Bottling Investments operating segment for the fourth quarter, 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. "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. 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. 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 Joining industry peers to launch Indonesias first Packaging Recovery Organization, with support from the Indonesian government, to improve collection. Our purpose is to refresh the world and make a difference. 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. <br> pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. 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. The companys sustainability goals are interlinked.. Reported operating income for Global Ventures for the year ended December 31, 2019 was $334 million. Brand Manager Nutrition at The Coca-Cola Company | International MBA at AUEB. Introduction to Sustainability Coursera Issued Nov 2020. Learn all about our sustainability initiatives. Also in 2010, our system increased production volume while reducing global carbon emissions by 2 percent, putting us a step closer to our goal of growing our business but not our carbon footprint. 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 Coca-Cola Company has been refreshing the world and making a difference for over 136 years. happy birthday Coca-Cola Shared by Astrid Berenice Garca Palma Este Da del Nio #JuguemosALoProfesional con OREO la marca ms Playful de Mondelz International. 4853 0 obj <>stream Comparable EPS (non-GAAP) is expected to include an approximate 2% currency headwind based on the current rates and including the impact of hedged positions. PDF GRI SASB TCFD SDGs - The Coca-Cola Company To make a difference in people's lives, communities and our planet by doing business the right way. 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. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. 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. 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 2010, we improved our water use efficiency for the eighth consecutive year, reducing the average amount of water required to produce each beverage serving. Coca-Cola HBC AG . More than 20% of the companys global portfolio is in refillable or fountain packaging. Oluwatobiloba Kajero - Portfolio and Commercialisation Specialist Ian Hirschfeld - Director Africa: Economic Policy, Coca-Cola Africa at The Coca-Cola Company - Encyclopedia Britannica | Britannica COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. Sophia Chrysopoulou - EU Public Affairs & Government - LinkedIn Refilling, recycling or collecting 60% of bottles and cans in 2019 (+4% over 2018).. Comparable currency neutral operating income (non-GAAP) grew 23% driven by pricing and effective cost management. 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. Operating income grew 13% in the quarter, impacted by headwinds from comparability items and currency. Net revenues declined 14% in the quarter, which included a 2-point currency tailwind. 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.. Coca-Cola Tria Epsilon was the first company in Greece to introduce recycled plastic to its soft drinks production in 2018. . Join to view profile Coca-Cola Beverages Zambia. 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 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. 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. The unavailable information could have a significant impact on our full year 2021 reported financial results. Livingstone University. 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. Together with its bottling partners, the company continues to focus on moving swiftly to execute against system priorities and to win in the marketplace. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. ATLANTA-- (BUSINESS WIRE)-- The Coca-Cola Company today reported fourth quarter and full year 2020 results, including sequential improvement in volume trends. Lagos, Nigeria. The organization is on a path to emerge stronger and is positioned for long-term success. Earnings Release 578 followers 347 connections. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement .
How Do I Contact A New York Times Reporter,
Pwm Airport Off Site Parking,
Booze Cruise San Diego Mission Bay,
Alaska Club Membership,
Overbite And Speech Therapy,
Articles C