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Where gaps exist, we will be developing a roadmap to progress toward a living wage. We have also been working with peers through AIM-Progress, a forum of fast-moving consumer goods companies enabling and promoting responsible sourcing practices, to advance industry understanding and progress toward living wages ...
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We have seen progress in this space, including the International Olympic Committee issuing its first Strategic Framework on Human Rights, and FIFA adopting its own human rights policy and establishing a dedicated human rights program. Leading up to the 2022 FIFA World Cup in Qatar, the company and other sponsors...
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They are also extremely vulnerable to human rights abuse. The severity and complexity of human rights impacts on grassroots recyclers makes multi-stakeholder collaboration essential. In 2022, we partnered with other leading consumer goods companies and NGOs to launch the Fair Circularity Principles, which apply...
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ImprovingSustainableandResponsibleLabor Practices  inOur Sugar Supply Chain  in  Pakistan  Our company has been working with Bonsucro, a leading international NGO, as well as other local and international experts to address human rights risks in the sugarcane supply chain in Pakistan. Our partners inclu...
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The project will support the mills to develop their own action plans toward continuous improvement and compliance with version 5.1 of the Bonsucro Production Standard. UsingT echnology-Led  Solutions  for Deeper Supply Chain  Due  Diligence The Coca-Cola Company has developed a digital platform that identif...
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We were pleased to convene the Fair Circularity Initiative, which was launched by The Coca-Cola Company and three of their peers in late 2022. When companies adopt and advance the new Fair Circularity Principles in their value chains, engaging meaningfully with waste pickers, it will lead to human rights being ...
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55THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY SAFETY...
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Our employees are our most valuable partners, sources of best practices and the implementors of our strategy to embed safe habits and strengthen our safety culture. ACT PLAN 4-TIER ACTION PLAN DO CHECK Set safety expectations Support strong safety culture Define metrics Engage stakeholders Execute plan Audit, s...
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We have implemented comprehensive, preventative programs to further identify and mitigate the potential for serious incidents to occur in our facilities. We are integrating operational learning while also demonstrating progress and embedding safety as a key organizational value. In2022,w e  focused  on thr ee...
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We also continue to build unique solutions (i.e., toolkits, guidance) to enhance the capacity and capability of our system in identifying and mitigating risks. •  TECHNOLOGYAND  INNOVATION: We continued investing in new technologies and shared learnings across the organization. We completed more than 20 tech...
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Several of our bottling partners across regions have deployed HOP operational learning into their organizations. To date, over 100 operations across our system have begun integrating HOP principles with significant improvements, and this journey will continue in 2023 and onwards. The Coca-Cola Company’s glob...
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The data reported for LTIR only includes company- owned facilities.
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56THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY DIVERS...
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That’s why we continue to prioritize listening and learning; executing our strategy consistently; and holding ourselves accountable for continuous progress. EQUAL PAY FOR EQUAL WORK Pay equity is defined as compensating employees fairly and equitably, without regard to gender (globally), or race and ethnicity (in...
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Our employee-led Inclusion Networks serve as valuable resources to both employees and our company by providing opportunities to connect with colleagues who share similar interests and backgrounds. They also create diverse sounding boards for business strategies and initiatives, capturing input on potential actions...
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ASPIRET O CREATE a workforce that mirrors the markets we serve. ENABLE an inclusive culture where our employees thrive. • JAPAN: We earned a “Rainbow”, the highest rating in the 2022 PRIDE Index, for our LGBTQI+-friendly workplace initiatives. • SOUTHAFRICA: We participated in Johannesburg Pride by ...
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This program, which kicks off in 2023, is designed to accelerate opportunities for people with disabilities t o become the talented voices of tomorrow’s C-Suite. UNITED STATES LATIN AMERICA ASEAN & SOUTH PACIFIC JAPAN & SOUTH KOREAINDIA & SOUTHWEST ASIA AFRICA EURASIA & MIDDLE EAST EUROPE Diversity, equity and i...
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57THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY MIRROR...
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For exclusions, please view the criteria statement in the Independent Accountants’ Review Report. Note: The percentages in each column in these charts may not sum to 100% due to rounding. 2022Race/Ethnicity Representation  by Level  (U.S.  only)1 SENIOR LEADERSHIP MIDDLE MANAGEMENT PROFESSIONALS TOTAL America...
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4% 4.3% Two or more races 0.9% 2.2% 3.0% 2.5% White 61.4% 57.1% 36.7% 48.1% 2022Gender Representation  by Level  (global)1 SENIOR LEADERSHIP MIDDLE MANAGEMENT PROFESSIONALS TOTAL Female 39.0% 51.3% 36.0% 44.0% Male 61.0% 48.7% 64.0% 56.0% In 2022, our global female representation increased 1.1% overall, with...
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The EACs are designed to drive quality of life improvements in under-resourced communities through economic mobility, financial stability and the well-being of individuals and households. The councils will identify initiatives that reflect diversity in communities which have direct links to our DEI strategy. DRI...
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58THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY RECRUI...
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SUPPLIER DIVERSITY Coca-Cola is working to maximize procurement opportunities and proactively engaging and building partnerships with diverse- owned suppliers spanning a range of industries. We are focused on increasing the overall diversity of our suppliers and are working to spend at least $1 billion annually...
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We share Rise Up’s mission to support businesses and underrepresented groups within the communities we serve. This much-needed resource can, in many cases, help small businesses scale up or expand their operations, open new locations and grow their brands.” FERNANDO HERNANDEZ Senior Director, Supplier Diversity
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59THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY LEVERA...
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In 2021, we committed to doubling our spend with minority-owned media companies—to 8% of our total annual media budget—by 2024. By working with legacy partners like ESSENCE, along with new minority-owned and minority-led media companies, we are on track to meet this commitment. MulticulturalMarketing In 2022, our ...
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60THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT GIVING BACK TO OUR COMMUNITIES SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSC...
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These grants will also provide support to displaced people and refugees in surrounding countries. The Coca-Cola Foundation, along with The Coca-Cola Company and its global bottling partners, committed to contributions totaling more than $20 million to support employees and humanitarian relief efforts. Disaster ...
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The EDRF consists of contributions from The Coca-Cola Company, The Coca-Cola Foundation, bottling partners and system associates. $94.8M 2022 Contributions $31.8M $14.1M$13.0M $12.0M $10.1M $7.0M $6.8M 33% Water & Environment 11% Community Well-Being 7% Women’s Empowerment 7% Matching Gifts 15% Disaster Relief & Hu...
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61THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY A Ref...
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The Foundation supports transformative ideas and institutions that address pressing and complex global challenges. Our goal is to leave a measurable and lasting impact in local communities through a focus on the environment and society. As of 2022, our giving is focused on impacting these areas: Thefollowingthr e...
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$1.25milliont o  Imagine  H20 to launch the Sustainable Access Solution Fund, a fund that will support water and climate-focused innovation projects in both emerging markets and the United States with a focus on ensuring sustainable access to safe drinking water. HometownSupport Atlanta—where the first Coc...
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HometownSupport Atlanta—where the first Coca-Cola was served in 1886—is a thriving city we are proud to call home. In 2022, the Foundation continued to invest in community organizations working to create a better shared future for our hometown: •  $3  million to fund scholarship programs at 10 Atlanta inst...
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62THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT SAFETY & HEALTHHUMAN RIGHTSOVERVIEW DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES ECONOMIC EMPOWERMENT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY ECONOM...
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Our economic empowerment efforts deliver tangible results in markets around the world, where we harness partnerships and deliver programs tailored to local needs and nuances. This work builds on the momentum created by our decade-long 5by20® program, created in 2010 to enable the economic empowerment of 5 mi...
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These programs focus on building financial and digital literacy and enabling access to opportunities through our supplier diversity work. Economic empowerment is one of The Coca-Cola Foundation’s six new priority giving pillars. The Coca-Cola Foundation envisions inclusive economies around the world with expa...
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AFRICA Coca-Cola Beverages Africa recently expanded its approach to promoting economic inclusion across its value chain to include under-served women, youth and persons with disabilities. Our bottling partner has worked with local non-profits to launch entrepreneurship and employability programs in Ethiopia, Ken...
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The collaboration with the Technical Education and Skills Development Authority (TESDA) and Tagum City Council of Women Foundation supports Coca-Cola Philippines’ broader economic empowerment strategy to break the cycle of generational poverty. EmpoweringCommunitiesAr ound the W orld SECTIONSCOPE: In this se...
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63THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT EUROPE, MIDDLE EAST & AFRICAASIA PACIFICOVERVIEW LATIN AMERICA NORTH AMERICA GLOBAL VENTURES/BOTTLING INVESTMENTS GROUP 2022 GLOBAL UNIT CASE VOLUME MIX By Operating Segment 28% Europe, Middle East & Africa 27% Latin America 17% North America 24% Asia ...
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64THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT EUROPE, MIDDLE EAST & AFRICAASIA PACIFICOVERVIEW LATIN AMERICA NORTH AMERICA GLOBAL VENTURES/BOTTLING INVESTMENTS GROUP CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY ASIA...
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Sports, Coffee and Tea Juice, Value-Added Dairy and Plant-Based Beverages 33% 8% 28% 31% 2022 Unit Case Volume Mix by Category -8 -4 0 4 8 9% 2022 4% 2021 3% 2019 (6%) 2020 Comparable Currency Neutral Operating Income Growth (Non-GAAP)2 2022 HIGHLIGHTS • In 20 22, the company gained value share in total nonalcoholi...
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• Our Unnati Grapes initiative in India trained over 3,000 smallholder farmers to increase the quality and yield of grape cultivation, and supported an all-women farmer producer company. • C oca-Cola Australia and Coca-Cola Europacific Partners Australia pledged to reduce the sugar content in their nonalcoholi...
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2 R eported operating income was even, declined 7%, grew 9% and declined 1% for the years ended December 31, 2019, 2020, 2021 and 2022, respectively. 2022UnitCaseV olume  Mix by Country China 37% India 18% Japan 12% Philippines 8% Thailand 6% Australia 4% South Korea 3% Indonesia 2% Vietnam 2% Other 8% 2022...
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65THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT EUROPE, MIDDLE EAST & AFRICAASIA PACIFICOVERVIEW LATIN AMERICA NORTH AMERICA GLOBAL VENTURES/BOTTLING INVESTMENTS GROUP CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY EURO...
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• The C oca-Cola Foundation funded a partnership between the Water and Development Alliance, the Global Environment and Technology Foundation, U.S. Agency for International Development and the Soran Water Directorate to improve water access and quality and to reduce water losses in Iraq.  • W e launched the Co...
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Europe Africa Eurasia and Middle East 48% 27% 25% 2022 Unit Case Volume Mix by Operating Unit Trademark Coca-Cola  Sparkling Flavors Water, Sports, Coffee and Tea Juice, Value-Added Dairy and Plant-Based Beverages 55% 5% 14% 26% 2022 Unit Case Volume Mix by Category Note: See pages 72–74 for reconciliations of non-GAAP...
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2022UnitCaseV olume  Mix by Country Germany 7% South Africa 7% Türkiye 7% Great Britain 6% Spain 5% Nigeria 5% Pakistan 5% France 4% Italy 3% Other 51% 2022UnitCase VolumeGrowth Trademark Coca-Cola 4% Sparkling Flavors 2% Water, Sports, Coffee and Tea 6% Juice, Value-Added Dairy and Plant-Based Beverages (...
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One project already underway is a partnership with WWF-Pakistan to address the identified water issues for approximately 360,000 people in Lahore. Between 2022–2023, the project will install household rainwater harvesting systems, recharge wells to replenish a groundwater aquifer, reforest urban areas and construc...
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66THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT EUROPE, MIDDLE EAST & AFRICAASIA PACIFICOVERVIEW LATIN AMERICA NORTH AMERICA GLOBAL VENTURES/BOTTLING INVESTMENTS GROUP CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY LATI...
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GAAP . 1 R eported net operating revenues grew 3%, declined 15%, grew 18% and grew 19% for the years ended December 31, 2019, 2020, 2021 and 2022, respectively. 2 R eported operating income grew 2%, declined 11%, grew 20% and grew 13% for the years ended December 31, 2019, 2020, 2021 and 2022, respectively. 20...
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The project demonstrates the importance of these mini markets in every neighborhood and the role of consumers and companies to contribute to their growth. This campaign was launched in Colombia, Peru, Costa Rica, Guatemala, the Dominican Republic and other countries in Latin America as part of our efforts to prom...
66
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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This new project connects 28 municipalities across three provinces and helps more than 590,000 people access public places to recycle plastic, paper, cardboard, glass and cans. • In the face of the 2022 water shortage in Nuevo Leon, Mexico, Coca-Cola and its bottling partners responded quickly to implement additi...
66
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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67THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT EUROPE, MIDDLE EAST & AFRICAASIA PACIFICOVERVIEW LATIN AMERICA NORTH AMERICA GLOBAL VENTURES/BOTTLING INVESTMENTS GROUP CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY NORT...
67
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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Coca-Cola North America’s entire green plastic portfolio—including packaging for Fresca, Seagram’s and Mello Yello—is also making the transition to clear PET.  • The Coca-Cola Company donated $2 million to support the Smithsonian’s landmark new National Museum of the American Latino and Molina Family Latino Galle...
67
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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GAAP .1 Ex cluding cap and label 2 R eported net operating revenues grew 2%, declined 4%, grew 15% and grew 19% for the years ended December 31, 2019, 2020, 2021 and 2022, respectively. 3 R eported operating income grew 12%, declined 5%, grew 35% and grew 12% for the years ended December 31, 2019, 2020, 2021 an...
67
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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and 12-oz. multipacks— are now offered in 100% recycled plastic1. In Canada, this innovation spans all DASANI bottles. The brand’s transition to 100% recycled plastic1 is projected to save more than 20 million pounds of new plastic, compared to 2019, and cut more than 25,000 metric tons of greenhouse gas emiss...
67
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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68THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT EUROPE, MIDDLE EAST & AFRICAASIA PACIFICOVERVIEW LATIN AMERICA NORTH AMERICA GLOBAL VENTURES/BOTTLING INVESTMENTS GROUP CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY GLOB...
68
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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Our current footprint of bottlers exists in Southeast and Southwest Asia, the Middle East, and parts of Africa. We continue to drive strong performance within BIG while maximizing returns on our investments. 2022 HIGHLIGHTS • T o celebrate the Christmas spirit, Costa launched Costa Expressions, a unique platform...
68
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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2022 HIGHLIGHTS • Gained shar e in sparkling soft drinks in India, Bangladesh and Singapore. • Str engthened supply chain resilience and operational efficiency . Coca-ColaBeveragesA frica Other BIG  Bottlers GHANA ETHIOPIA UGANDA TANZANIA KENYA SOUTH AFRICA NAMIBIA ZAMBIA BOTSWANA MOZAMBIQUE ESWATINI COMOROS ...
68
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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69THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY ABOUT THIS REPORT SCOPE OF THE REPORT This 2022 Business & Sustainability Report is The Coca-Cola Company’s fifth report t...
69
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: Yes [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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Except as otherwise noted, this report covers the 2022 performance of The Coca-Cola Company and the Coca-Cola system (our company and our owned and independent bottling partners), as applicable. Therefore, references to “currently,” “to date” or similar expressions reflect data and information as of December 31...
69
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: Yes [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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The data presented in this report is collected using accepted and relevant scientific and industry accepted methodologies, which in some instances, are based on assumptions and estimates. Although our data has been internally vetted, there are inherent uncertainties and limitations in the collection and presentati...
69
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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In cases where historical information is revised, we will footnote the change with a clear explanation. Statements about future developments and past occurrences are based on information and assumptions available as of the date of publication. While we are committed to providing timely updates, the company holds n...
69
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
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Dividends are normally paid four times a year, usually in April, July, October and December. The company has paid 407 consecutive dividends, beginning in 1920. DIRECT STOCK PURCHASE AND DIVIDEND REINVESTMENT Computershare Trust Company, N.A., sponsors and administers a direct stock purchase and dividend reinvestme...
69
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
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Once registered, shareowners can view account history and complete transactions online. ELECTRONIC DELIVERY If you are a shareowner of record, you have an opportunity to help the environment by signing up to receive your shareowner communications, including proxy materials, account statements and tax forms, elect...
69
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
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These risks include, but are not limited to, unfavorable economic and geopolitical conditions, including the direct or indirect negative impacts of the conflict between Russia and Ukraine; increased competition; an inability to be successful in our innovation activities; changes in the retail landscape or the los...
69
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.9
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an inability to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience strikes, work stoppages, labor shortages or labor unrest; obesity and other health-related concerns; evolving consumer product and shopping preferences; product safety and quality concerns; per...
69
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.9
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increases in income tax rates, changes in income tax laws or the unfavorable resolution of tax matters, including the outcome of our ongoing tax dispute or any related disputes with the U.S. Internal Revenue Service (“IRS”); the possibility that the assumptions used to calculate our estimated aggregate incrementa...
69
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.9
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impairment charges; an inability to protect our information systems against service interruption, misappropriation of data or cybersecurity incidents; failure to comply with privacy and data protection laws; failure to achieve our sustainability goals and targets or accurately report our progress due to operation...
69
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.8
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Data Appendix To respond to stakeholder interest and provide greater disclosure and transparency, we have prepared this Data Appendix. It provides additional financial and sustainability data, including performance data for our sustainability goals as well as other important topics. Some data provided is for The C...
70
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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71THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATERPACKAGINGFINANCIAL AND PORTFOLIO DATAOVERVIEW GREENHOUSE GAS EMISSIONS & WASTE WORKPLACE, SAFETY & GIVING BACK HUMAN RI...
71
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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Middle East & Africa $ 7 ,058 $ 3,551 2% $ 6 ,057 $ 3 ,313 (6%) $ 7 ,193 $ 3 ,735 9% $ 7 ,523 $ 3 ,958 3% Latin America 4,118 2,375 1% 3,499 2,116 (2%) 4,143 2,534 6% 4,910 2,870 6% North America 11,915 2,594 0% 11,477 2,471 (7%) 13,190 3,331 5% 15,674 3,742 2% Asia Pacific 5,327 2,282 5% 4,722...
71
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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991 (123) (13%) 2,805 293 17% 2,843 185 13% Bottling Investments 7,440 358 24% 6,265 308 (15%) 7,203 473 11% 7,891 487 12% EquityMethodInvestmentsinPubliclyTradedBottlingCompanies (Top 5 based on unit case volume) P ercent of Company’s 2022 Worldwide Unit Case Volume C ompany’s Ownership Interest ...
71
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
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Coca -C ola FEMSA operates in Mexico and nine other countries in Central America and South America. Coca‑C ola Europacific Partners 10% 19% Coca-Cola Europacific Partners is the second largest independent Coca -C ola bottler by volume and the largest independent bottler by revenues, operating in 29 countries in Eur...
71
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
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Coca‑Cola Bottlers Japan Holdings Inc. 3% 19% In 2017, Coca-C ola West Co., Ltd. and Coca-C ola East Japan Co., Ltd. integrated their businesses to establish Coca -C ola Bottlers Japan, the largest Coca-C ola bottler in Japan, serving a population of more than 100 million people. The Coca-C ola Company Coca-C o...
71
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
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72THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATERPACKAGINGFINANCIAL AND PORTFOLIO DATAOVERVIEW GREENHOUSE GAS EMISSIONS & WASTE WORKPLACE, SAFETY & GIVING BACK HUMAN RI...
72
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
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Our non-GAAP financial measures do not represent a comprehensive basis of accounting. For additional details regarding the reconciliation of GAAP and non-GAAP financial measures below, see the company’s Current Reports on Form 8-K filed with the SEC on Feb. 14, 2023, Feb. 10, 2022, Feb. 10, 2021 and Jan. 30, 2020. Th...
72
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
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Divestitures and Structural Changes, Net 7 0 0 2 Organic Revenues (Non-GAAP) 6 (9) 16 16 Operating Income Reported Operating Income (GAAP) 10 (11) 15 6 Less: Adjustments to Reported Operating Income Items Impacting Comparability 5 (5) 1 (5) Currency Impact (8) (6) 2 (8) Comparable Currency Neutral Operating Income (Non...
72
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
288
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73THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATERPACKAGINGFINANCIAL AND PORTFOLIO DATAOVERVIEW GREENHOUSE GAS EMISSIONS & WASTE WORKPLACE, SAFETY & GIVING BACK HUMAN RI...
73
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
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Our non-GAAP financial measures do not represent a comprehensive basis of accounting. For additional details regarding the reconciliation of GAAP and non-GAAP financial measures below, see the company’s Current Reports on Form 8-K filed with the SEC on Feb. 14, 2023, Feb. 10, 2022, Feb. 10, 2021 and Jan. 30, 2020. Th...
73
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
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471 $ 9 ,844 $ 12,625 $ 1 1,018 Purchases of Property, Plant and Equipment (2,054) (1,177) (1,367) (1,484) Free Cash Flow (Non-GAAP) 8,417 8,667 11,258 9,534 Plus: Cash Payments for Pension Plan Contributions — — — — Adjusted Free Cash Flow (Non-GAAP) $ 8 ,417 $ 8 ,667 $ 1 1,258 $ 9, 534 Net Incom...
73
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
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109) 589 CCBA Unrecognized Depreciation and Amortization (67) — — — Other Items (148) 291 555 526 Certain Tax Matters (331) 207 410 (128) Adjusted Net Income Attributable to Shareowners of The Coca -C ola Company (Non-GAAP) $ 8 ,780 $ 8 ,021 $ 9 ,712 $ 1 0,715 Cash Flow Conversion Ratio 1 117% 127% 129% 1...
73
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
292
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74THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATERPACKAGINGFINANCIAL AND PORTFOLIO DATAOVERVIEW GREENHOUSE GAS EMISSIONS & WASTE WORKPLACE, SAFETY & GIVING BACK HUMAN RI...
74
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
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Our non-GAAP financial measures do not represent a comprehensive basis of accounting. For additional details regarding the reconciliation of GAAP and non-GAAP financial measures below, see the company’s Current Reports on Form 8-K filed with the SEC on Feb. 14, 2023, Feb. 10, 2022, Feb. 10, 2021 and Jan. 30, 2020. Th...
74
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
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Middle East & Africa Latin America North America Asia Pacific Europe, Middle East & Africa Latin America North America Asia Pacific Europe, Middle East & Africa Latin America North America Asia Pacific Reported Net Operating Revenues (GAAP) (1) 3 2 3 (14) (15) (4) (11) 19 18 15 12 5 19 19 3 Less: A...
74
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
295
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2019 2020 2021 2022 (Percent change) Europe, Middle East & Africa Latin America North America Asia Pacific Europe, Middle East & Africa Latin America North America Asia Pacific Europe, Middle East & Africa Latin America North America Asia Pacific Europe,
74
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
296
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Middle East & Africa Latin America North America Asia Pacific Europe, Middle East & Africa Latin America North America Asia Pacific Europe, Middle East & Africa Latin America North America Asia Pacific Reported Operating Income (GAAP) (4) 2 12 0 (7) (11) (5) (7) 13 20 35 9 6 13 12 (1) Less: Adjustme...
74
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.9
297
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75THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATERPACKAGINGFINANCIAL AND PORTFOLIO DATAOVERVIEW GREENHOUSE GAS EMISSIONS & WASTE WORKPLACE, SAFETY & GIVING BACK HUMAN RI...
75
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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1) Print 100% 100% 100% 100% not available not available not available not available not available Online 99.5% 99.8% 100% 99.8% not available not available not available not available 99.8% Television 88.5% 97.0% 95.2% 95.0% not available not available not available not available 91.3% Low- and No-Calorie Portfolio Lo...
75
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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nearly all markets nearly all markets nearly all markets nearly all markets nearly all markets nearly all markets nearly all markets nearly all markets nearly all markets Portfolio The Coca-C ola Company Coca-C ola System
75
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
300
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76THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT PACKAGING CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATERPACKAGINGFINANCIAL AND PORTFOLIO DATAOVERVIEW GREENHOUSE GAS EMISSIONS & WASTE WORKPLACE, SAFETY & GIVING BAC...
76
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.9
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Moving forward, we expect that these numbers will continue to evolve as data sources improve, at the same time that we work to increase rates of recycled material use. 5 W e changed our method to track the packaging collection rate against our World Without Waste goal beginning with 2018 data. With better data availab...
76
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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Page 40 was updated to correct information about the collection rate in Germany and the types of packaging to which the collection rate applies. Year ended December 31, 2014 2015 2016 2017 2018 2019 2020 2021 2022 World Without Waste Total weight of our packaging (metric tons)1 5.10M2 5.30M 5.95M Percentage of recycl...
76
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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5% 45.2% 44.9% 47.3% 47.4% Aluminum and steel bottles and cans 23.5% 23.8% 24.7% 25.7% 25.9% Other 12.1% 11.8% 13.4% 9.7% 11.3% Refillable glass bottles 11.7% 11.1% 9.3% 9.4% 9.0% Non-refillable glass bottles 2.3% 2.0% 1.4% 1.6% 1.6% Beverage cartons and juice boxes 2.5% 2.8% 2.7% 3.0% 2.9% Refillable (primarily PET) p...
76
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
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6% 1.5% 1.6% 1.5% 1.4% Pouches 0.6% 0.5% 0.4% 0.4% 0.5% Number of Packages Plastic (primarily PET) bottles ~117B ~120B ~112B ~125B ~134B Aluminum and steel bottles and cans ~60B ~63B ~62B ~68B ~73B Refillable glass bottles ~30B ~30B ~23B ~25B ~25B Non-refillable glass bottles ~6B ~5B ~4B ~4B ~4.5B Refillable (primarily...
76
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
305
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77THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATERPACKAGINGFINANCIAL AND PORTFOLIO DATAOVERVIEW GREENHOUSE GAS EMISSIONS & WASTE WORKPLACE, SAFETY & GIVING BACK HUMAN RI...
77
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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Due to joint venture or merger and acquisition activities in 2019–2022, certain brands may not be accounted for in this metric. Unless otherwise stated, in this report finished beverages is based on global sales volume. Approximately 13.5 BL (approx. 7%) of the water used in our beverages that we returned to nature an...
77
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
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9 4 1.97 Total Water Withdrawn (megaliters) 301,068 300,733 294,925 288,990 298,797 29 5,014 2 81,991 298,235 308,736 4 0,375 3 6,946 40,473 44,500 Fresh Surface Water Sources (megaliters) 15,058 12,986 1 2,777 1 0,554 12,025 13,048 3 ,554 2 ,152 2,899 3,420 Brackish Surface Water (megalite...
77
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
308
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581 144,256 147,642 2 0,317 1 9,475 21,706 24,144 Ground Water — Renewable (megaliters) 130,663 147,857 1 30,430 1 26,202 136,195 143,099 1 5,352 14 ,273 15,491 16,599 Water Consumption (megaliters) 182,455 186,642 1 87,132 1 67,301 170,358 183,616 2 3,889 2 1,687 24,918 25,56...
77
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9
309
nestle.pdf
120 Wastewater Discharged (megaliters) 16,486 15 ,257 15,555 18,938 Water Returned to Nature and Communities Percentage1 94% 115% 132.9% 150% 155% 160.7% 1 70% 167% 15 9% Amount (billions of liters)1 153.6 190.9 221.2 248.3 257 2 73.7 2 77.8 293.3 2 91 The Coca-C ola Company Coca-C ola Sys...
77
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 1.0
[Guess]: No [Confidence]: 0.95
[Guess]: No [Confidence]: 0.9