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. Writing a Marketing Plan . We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. Our planet matters. Sustainability Senior Manager - Africa. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. "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. 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. "After receiving feedback from a variety of stakeholders, we decided to make some significant changes to our sustainability reporting efforts. Our Affordable Small Sparkling Package (ASSP) is the world's lightest-weight best-performing bottle." 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. Earnings Release Comparable currency neutral operating income (non-GAAP) grew 25% driven by solid pricing and effective operating expense management. Category cluster performance was as follows: Sparkling soft drinks declined 1% for the quarter and 4% for the year. ", "Created a water replenishment potential equivalent to 159.9% of water used by our operations in 2020". Price/mix declined 1% for the quarter, primarily due to negative channel mix in key markets. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 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.. 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. How many drinks does The CocaCola Company sell worldwide each day? More than 20% of the companys global portfolio is in refillable or fountain packaging. To make a difference in people's lives, communities and our planet by doing business the right way. Explore our Purpose & Vision, History and more. Filings & Reports . 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.). Skilled in Corporate Social Responsibility, Public Policy . Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. 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. The company's new sustainability campaign "Deliver for Today, Inspire for Tomorrow" focuses on corporate and environmental sustainability with the goal of leading the industry in two major areas: energy and climate change and sustainable packing and recycling. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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. Catch up on the latest Coca-Cola news from around the globe - from exciting brand innovation to the latest sustainability projects. 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. This efficient use of input materials help in more than doubling the fruit produce. "Unit case" means a unit of measurement equal to 192 U.S. fluid ounces of finished beverage (24 eight-ounce servings), with the exception of unit case equivalents for Costa non-ready-to-drink beverage products which are primarily measured in number of transactions. This does not include any potential payments related to the ongoing tax litigation with the IRS. The report highlights progress made on all aspects of business, governance and sustainability during 2020. And we will do all of this while maintaining a 100% or more global water replenishment rate.. Policies Practice and Report; COCA-COLA.COM; COCA-COLACOMPANY.COM Investor Relations. Experienced FMCG Supply Chain professional. Skilled in Supply Chain Strategies, Program Design, Demand & Supply planning, Logistics and warehousing, Project Management, Import & Export, Manufacturing Operations, Procurement & Process improvements (LEAN). US$705 Million Green Bond Issued September 2020 US$350.12 million allocated Between 2018-2021 Comparable currency neutral operating income (non-GAAP) grew 23% driven by effective cost management. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . We will prioritize efforts and set higher replenish targets in those high-risk regions or where we are sourcing most agricultural commodities. A strong business leader with a growth mindset with 30 years' experience having managed large businesses at a P&L level, both in India & international markets, and functional roles at Regional and National level in a large multinational environment.<br><br>My core strength is in Operations and People Leadership and have delivered signature achievements in the multiple business leadership . report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . TI&Sc Quality and Food Safety Manager. hbbd```b``"H=U"A$|":Xd?Xo=&5$X3DW7X}4`]`]"&hlH>z$2 0) 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. TheCoca-ColaCompany(NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. 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%. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Full-Year Free Cash Flow (Non-GAAP) Was $11.3 Billion, Up 30%. 2 Coca-Cola's science-based target is to reduce absolute greenhouse gas (GHG) emissions 25% by 2030 from a 2015 baseline. The company has made progress on its strategic transformation through the pandemic, including rewiring to become a more networked organization. This resulted in removing approximately 350,000 tons of added sugar from beverages on an annualized basis in 2019. 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. But at the 2020 World Economic Forum, Coca-Cola's head of sustainability stated otherwise. See how our company and system employees make this possible every day and learn more about our areas of focus in sustainability. 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. 2019 Annual Review. Operating Review Three Months Ended December 31, 2020. 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 . The program impacted more than 1.3 million women in 2019 alone. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above. Coca-Cola HBC has been awarded a gold medal in The Sustainability Yearbook 2021, which ranks company sustainability performance by industry, according to their | 10 comments on LinkedIn - Committed investments of USD 1.7 Billion to Indias agri-ecosystem along with partners to create a healthy local juice and concentrate supply chain with successful and thriving farming communities and ecosystems. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. 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. 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. 2020 Integrated Report ; Integrated Annual Report 4 Reported operating loss for Global Ventures for the three months ended December 31, 2020 was $9 million. "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. 102-54 Claims of reporting in accordance with the GRI . Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. Fruit Circular Economy starts with the Unnati program, which is farm-level productivity enhancement by creating a belief among farmers in using Ultra-high to high density fruit plantation coupled with modern Package of Practices (POP). 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 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. While developing and emerging markets remained resilient in the quarter, developed markets continued to be under pressure. This includes a 3% to 4% currency tailwind based on the current rates and including the impact of hedged positions. <br><br>While serving in these organizations, I have led high-performing teams and provided strategic leadership in: strategic communications, leadership and internal communications, stakeholder and community management, corporate . All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. Trademark Coca-Cola growth in the quarter was driven by positive performance in most operating groups. Together with The Coca-Cola Company, we see this as one of our most urgent sustainability priorities. ET. Experienced Marketing Programs and Communications with a demonstrated history of working in the IT, consumer product, and electrical and electronic manufacturing industry. 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.