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. | Learn more about Sanchit Singhal's work experience, education, connections & more by visiting their profile on LinkedIn The companys sustainability goals are interlinked.. 2022 The CocaCola Company. Finance Manager Hungary. endstream endobj startxref Writing a Marketing Plan . You can find our 2020 Integrated Annual Report, Annual Report") ("2020 https://www.cocahere: . Fiscal Year Ended Dec 31, 2020. 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. 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. In just a few months, I grew my TikTok profile to more than 25,000 followers and 500,000+ likes. This button displays the currently selected search type. Lagos, Nigeria. 2020 Annual Review. 4761 0 obj <> endobj And, for the first time ever, its entire content is available exclusively online. Operating income growth of 35% in the quarter included a tailwind from items impacting comparability and a headwind from currency. 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. Additionally, about 42% of its sparkling soft drink brands are offered in small packages of 250 milliliters or less. Sustainably sourcing 54% of priority ingredients with some commodities such as coffee, tea and soybeans close to or at 100% as of 2019.. 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. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. Mar 2021 - Present2 years 1 month. pic.twitter.com/MJdxGmeeqJ, Going forward, we will segment our business by the level of water risk, Perez said. Increasing total sales globally in 2018 and 2019, while reducing added sugar. All rights reserved. The operating loss in the quarter was primarily driven by coronavirus-related pressure on Costa retail stores. Comparable currency neutral operating income (non-GAAP) grew 14% for the quarter and was even for the year, driven by effective cost management across operating groups offset by top-line pressure due to the coronavirus pandemic. 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. 2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. World Without Waste, our ambitious sustainable packaging initiative, aims to create systemic change through a circular economy for our packaging alongside our bottling partners. Globally, we are the No. Our purpose is to refresh the world and make a difference. Ambitious goals for sustainable business operations have not been forgotten. "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. In 2019, the company reported a 24% reduction of the carbon footprint of the Drink In Your Hand compared to a 2010 baseline. Joining an industry initiative in Europe to reduce added sugars by 10% by 2020. 2022 The CocaCola Company. Skilled in Marketing Management; Marketing Planning (traditional and digital); Digital Customer Experience; Corporate communications and marketing; Business Planning; Budget planning, Negotiation; People management. Trademark Coca-Cola grew 1% for the quarter and declined 1% for the year. Were taking a holistic approach to sustainability focused on social, environmental and economic stewardship. Operating income grew 8% for the quarter and declined 11% for the year, which included items impacting comparability in addition to currency headwinds. We aim to improve people's lives, from our employees to those who touch our business to the many communities we call home. 102-51 Date of most recent report April 2020 102-52 Reporting cycle The Coca-Cola Company reports annually on its sustainability progress and 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. 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. Concentrate sales were 3 points ahead of unit case volume, primarily due to two additional days in the quarter (a 2-point benefit) and cycling the Brexit-related inventory reduction in the prior year. COCA-COLACOMPANY.COM Sustainability 2021 Business and ESG Report View Overview Vision Growth Strategy Sustainability Financials Sustainability Our planet matters. eaha@LlQx6. Note: Certain rows may not add due to rounding. Communications & Sustainability Specialist at Coca-Cola Beverages Zambia Zambia. We've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace. 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 Coca-Cola Company in Boydton, VA Expand search. 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. We increased the number of women in system leadership roles, going from 23 percent in 2008 to just over 27 percent in 2010. 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. Operating Review Three Months Ended December 31, 2020. 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. <br><br>After finishing . 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. Coca-Cola Zero Sugar grew 3% for the quarter and 4% for the year. For the full year, concentrate sales were 1 point behind unit case volume, primarily due to the timing of shipments across operating groups. The Coca-Cola HBC AG group has acquired a 30% stake in Casa del Caff Vergnano, which preparations took place in 2021. 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. 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 . Price/mix declined 3% for the quarter, driven by negative channel and package mix due to the impact of the coronavirus pandemic. The report analyzed voluntary commitments from the 10 biggest plastic polluters: Coca-Cola, Colgate-Palmolive, Danone, Mars Incorporated, Mondelz International, Nestl, PepsiCo, Perfetti Van. 578 followers 347 connections. report summaries for congress reviews, astute public outreach that followed a vigorous branding and marking requirement . Our planet matters. 2019 Annual Review. "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. Careers; . 2020 WORLD WITHOUT WASTE REPORT We recognize our responsibility to help solve the global plastic waste crisis. 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. 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.. May 2020 - Jun 2022 2 years 2 months. Low- or no-sugar beverages account for about 45% of the companys global portfolio and about 29% of its global volume. 1 Coca-Cola's work toward its "drink in your hand" goal reduced its relative carbon emissions by 25% by 2020, against a 2010 baseline. 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. July 2020 "Sustainability has been core to our business strategy for nearly 125 years," said Chief Sustainability Officer Beatriz Perez. - The health and safety of our associates have always been our priority. Similar programs launched in Ethiopia and Tanzania. Publishes 2020 integrated annual report 'Adapt to Win' Zug, Switzerland - 18 March 2021 - . %%EOF Currently, 88% of the companys packaging is recyclable, and 20% is made from recycled material. The company is on track to achieve its 5by20 goal to support the economic empowerment of 5 million female entrepreneurs by 2020. To make a difference in people's lives, communities and our planet by doing business the right way. 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. Explore our Purpose & Vision, History and more. Join to follow The Coca-Cola Company . Home; Annual Reports; News; Participation; Suppliers; Realisation; 25 Years of History; Organizations; Coca-Cola Europacific Partners Sector: Food and Beverage Country: The Netherlands 2021. We have more than 800 low- and no-calorie beverages--nearly 25 percent of our global portfolio. We began to gain real traction with our new 5 BY 20 initiative to empower 5 million women entrepreneurs by 2020. All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. 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.. Challenging . 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. "Our beverages are offered in returnable glass bottles and are 100% recyclable. 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. 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. Comparable net revenues (non-GAAP) are expected to include a minimal currency impact 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've established a portfolio of drinks that are best positioned to grow in an ever-changing marketplace.
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