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nestle.pdf
5THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY BOARD OF DIRECTORS Note: Board composition and committee positions reflected as of April 25, 2023. * M s. Millhiser will join...
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DAVID B. WEINBERG A Chairman and Chief Executive Officer, Judd Enterprises, Inc. ANA BOTÍN Executive Chair, Banco Santander, S.A. HELENE D. GAYLE President, Spelman College AMITY MILLHISER* Vice Chair, PricewaterhouseCoopers LLP (Not pictured) From left to right: ALEXIS M. HERMAN Chair and Chief Executiv...
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and Expedia Group, Inc. MARIA ELENA LAGOMASINO Lead Independent Director Chief Executive Officer and Managing Partner, WE Family Offices Our Board of Directors is proud of our company’s ongoing success. As the business continues to grow and evolve, our Board also continues to evolve. Through our Board refr...
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Executive Summary OUR PRIORITIES & PROGRESS We focus on the highest-priority sustainability issues facing our company, stakeholders and communities, with the goal of maximizing collective impact. These issues, which we review on a regular basis in collaboration with leading NGO partners, are integrated into both ...
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7THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY OUR SUSTAINABILITY GOALS WATER LEADERSHIP PORTFOLIO PACKAGING CLIMATE SUSTAINABLE AGRICULTURE PEOPLE & COMMUNITIES ...
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between 2021–2030 Offering drinks with reduced added sugar Offering more drinks with nutrition and wellness benefits Providing clear nutrition information on packaging and in our communications Marketing our drinks responsibly Make 100% of our packaging recyclable globally by 2025 Use at least 50% recycled conte...
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S. race/ethnicity representation to U.S. census data across all job levels 2022 PROGRESS Replenished 159% of the water we use in our finished beverages 291 billion liters of water returned to nature and communities in 2022 ~68% of the products in our beverage portfolio have less than 100 calories per 12-ounce s...
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in collaboration with industry peers Coca-Cola Zero Sugar has delivered double-digit volume growth in five of the last six years Investing in refillable and dispensed solutions More than 40 markets currently offer at least one brand in 100% rPET3 packaging, excluding caps and labels Target aligned to Science-Ba...
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4 Da ta as of December 31, 2022, for salaried and hourly employees. Race/ethnicity data is for U.S. workforce only. This data excludes Bottling Investments Group (BIG), Global Ventures, fairlife and BODYARMOR. The Coca-Cola SystemThe Coca-Cola Company
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8THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY WATER LEADERSHIP PORTFOLIO: BEVERAGES FOR ALL Water is a priority for The Coca-Cola Company because it is essential to life,...
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We understand water challenges are different in each region, so we are focused on doing what matters most locally, where the challenges are greatest. Wehavesetthr ee  key goals  designed t o  achieve  ourvision: • A chieve 100% regenerative water use across 175of our facilities, identified as facing h...
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The replenish benefit is typically estimated as a long-term, average annual volume, but for some project activities it varies annually. Replenish benefits fall under three categories: Watershed Protection and Restoration (233.5 BL), Water for Productive Use (40.9 BL) and Water Access and Sanitation (17.4 BL). Due to j...
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We take a disciplined approach to product innovation and portfolio management, ensuring we develop and deliver preferred, great-tasting beverages for all occasions and lifestyles. This includes offering drinks with reduced added sugar and more brands with nutrition and wellness benefits; providing small package op...
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This includes offering drinks with reduced added sugar and more brands with nutrition and wellness benefits; providing small package options and clear nutrition information on packaging and in our communications; and marketing our drinks responsibly. READ MORE PORTFOLIO: BEVERAGES FOR ALL 291B LITERS OF WATER RETU...
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159% OF THE WATER USED IN OUR FINISHED BEVERAGES RETURNED TO NATURE AND COMMUNITIES IN 2022 1 PortfolioMarketing We continue to use our marketing to drive growth of our low- and no-calorie portfolio. Coca-Cola Zero Sugar has experienced double-digit growth in five of the last six years. In 2022, several leadin...
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9THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY PACKAGING We recognize our responsibility to help solve complex plastic waste challenges facing our planet and society. Our ...
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Local teams are executing in ways appropriate for their markets, and we are using a networked approach to deliver impact at scale. READ MORE PACKAGING COLLECT: GOAL 2022 STATUS Collect and recycle a bottle or can for each one we sell by 2030 61%4 61% PARTNER: GOAL 2022 STATUS We bring people together to support a...
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However, growth of plastic packaging has outpaced these efforts, so we did not reduce virgin plastic usage overall in 2022 By 2030, we aim to have at least 25% of our beverages worldwide by volume sold in refillable/returnable glass or plastic bottles or in fountain dispensers with reusable packaging Approximate...
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As of 2022, we reduced our absolute emissions by 7% against a 2015 baseline, making progress toward our science-based reduction target of 25% by 2030 against the baseline. Our ambition also includes achieving net zero emissions by 2050. Several of our bottling partners and suppliers have set or committed to settin...
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1 This figur e is calculated using the market-based emissions method and therefore includes purchased renewable electricity as part of the system’s overall emissions reduction. The Coca-Cola Company applies the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in this report and in a T...
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10THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY 93% 2020 93% 2019 99% 2022 95% 2021 0 20 40 60 80 100 Percentage of company operations that achieved compliance with our S...
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This complex global supply chain includes many kinds of suppliers, from multinational companies to smallholder farmers. Our Principles for Sustainable Agriculture (PSA) communicate our expectations for environmental, social and economic performance to our agricultural suppliers at the farm level. The PSA, introduc...
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The Coca-Cola Company was among the first companies to commit to the United Nations Guiding Principles on Business and Human Rights, and we have strived to inspire and drive responsible business practices ever since. READ MORE HUMAN RIGHTS 1 L eader standard represents supply volume verified to a company-approve...
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Empowering workers across our value chain — from upstream supply chain workers and our 700,000+ system employees to down- stream informal waste collection workers supporting recycling around the world. IMPACT AgricultureIMPACT Work Developing transformative due diligence and remediation programs through e...
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We will work to drive progress across our company, our industry and beyond through rigorous analysis, creative partnerships and constant innovation to turn commitment into action. 2,770 AUDITS CONDUCTED IN 2022
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11THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY DIVERSITY, EQUITY & INCLUSION GIVING BACK TO OUR COMMUNITIES We help create a better shared future for everyone our brands ...
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As the independent philanthropic arm of The Coca-Cola Company, The Coca-Cola 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. In...
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READ MORE GIVING BACK TO OUR COMMUNITIES 2022Race/Ethnicity Representation  by Level  (U.S.  only)1 SENIOR LEADERSHIP MIDDLE MANAGEMENT PROFESSIONALS TOTAL American Indian/Alaskan Native 0.0% 0.3% 0.4% 0.3% Asian 10.0% 10.4% 5.4% 8.1% Black/African American 8.6% 16.1% 30.3% 22.0% Hispanic/Latino 9.9% 8.7% 21....
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Race/ethnicity data is for U.S. workforce only. This data excludes Bottling Investments Group (BIG), Global Ventures, fairlife and BODYARMOR. 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 t...
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ENABLE an inclusive culture where our employees thrive. ADVANCE equity within our business, communities, and the marketplace. Weapproachour DEI  strategythr ough  thelensofthr ee  core  ambitions: $94.8M 2022 Contributions $31.8M $14.1M$13.0M $12.0M $10.1M $7.0M $6.8M 33% Water & Environment 11% Communit...
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HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS Our Company We are a total beverage company with products sold in more than 200 countries and territories. We are constantly transforming our portfolio, from reducing adde...
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13THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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Middle East & Africa 27% Latin America 17% North America 24% Asia Pacific RETAIL VALUE UNIT CASE VOLUME Trademark Coca-Cola Sparkling Flavors Water, Sports, Coffee & Tea Juice, Value-Added Dairy & Plant-Based Beverages Emerging & Other 0 10 20 30 2022 32.7 2021 31.329.0 2020 30.3 2019 29.6 2018 29.2 2017 29....
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14THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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Our bottling partners combine the concentrates and syrups with still or sparkling water and sweeteners (depending on the product), to prepare, package, distribute and sell finished beverages. Our finished product operations consist primarily of company-owned bottling and distribution operations. We also opera...
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15THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT INNOVATION HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERA...
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Coca-Cola Creations draws inspiration from music, gaming and culture, and is complemented with experimental packaging designs, digital experiences and more. “RecycledRecords” Legendary music producers Mark Ronson and Madlib teamed up with Sprite, Fresca and Seagram’s to showcase the parallels between recycling s...
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CostaCoffeeSmartCafé Launched in the United States in 2022, the Costa Coffee Smart Café delivers a range of more than 200 drink options, from espresso to hot chocolate. These innovative touch-screen machines always use fresh milk and freshly ground Signature Blend beans.
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16THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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SpriteLimelight Sprite Limelight launched as the music and cultural extension of “Heat Happens,” the brand’s global platform unveiled in 2022. Grammy-winning producer James Blake crafted a lyrical hook rooted in keeping life’s “heat” at bay, and three distinctive global artists—American rapper Coi Leray, Afric...
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POWERADE: ‘PauseisPower’ POWERADE celebrated the power of the pause—prioritizing wellbeing over winning—with a global communications platform featuring USA gymnast Simone Biles and other accomplished athletes and coaches spanning a variety of sports. The campaign kicked off in March 2022 during NCAA March ...
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17THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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3 R eported diluted earnings per share grew 38%, declined 13%, grew 26% and declined 3% for the years ended December 31, 2019, 2020, 2021 and 2022, respectively. 4 A djusted free cash flow conversion ratio = free cash flow adjusted for pension contributions divided by net income adjusted for noncash items impac...
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68 1.76 Balance Sheet Data Total assets $86,381 $87,296 $94,354 $ 92,763 Long-term debt 27,516 40,125 38,116 36,377 -10 -5 0 5 10 15 20 16% 2022 16% 2021 6% 2019 (9%) 2020 Organic Revenue Growth (Non-GAAP)1 2022 17%17% 2021 9% 2019 (2%) 2020 -5 0 5 10 15 20 Comparable Currency Neutral Diluted Earnings Per Share Growt...
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18THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT GOVERNANCE & MANAGEMENT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWOR...
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The Committee also oversees and reviews, at least annually, the company’s public policy agenda, its position on significant public policy matters, political contributions and lobbying activities. The Committee reviews shareowner proposals on sustainability issues to be included in the company’s proxy statements a...
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To reinforce the importance of meeting our sustainability goals, the Talent and Compensation Committee approved plans to link sustainability performance to our annual and long-term incentive programs for executives in 2022. In the annual incentive program, we have reinforced our commitment to DEI by incorporating ...
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Board Committee charters, our Code of Business Conduct, Corporate Governance Guidelines, Certificate of Incorporation and Corporate By-Laws can be viewed on our website. SUSTAINABILITY GOVERNANCE The Board has delegated oversight of sustainability matters to its various committees in order to leverage each commit...
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19THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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federal law, the company does not use corporate funds to contribute to federal candidates, political parties or political committees, or otherwise employ its resources, including in-kind, even when permitted by law. The company has a long-standing policy against use of corporate funds for independent expenditure...
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This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards, a globally recognized framework. In addition, we provide indexes for the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures, the United Nations Sustainable Developmen...
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These reviews ensure that our activities align with our business interests and serve the needs of our shareowners and broader stakeholder community. The North America Operating Unit Vice President of Public Policy, Federal Government Relations & Political Engagement is responsible for management of our public pol...
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20THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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The company’s Compliance, Legal and Finance functions serve in an advisory role. Our networked teams also collaborate with operating units, bottling partners, NGOs, governments, investors and people in communities all around the world to identify risks and make progress toward our sustainability goals. For mor...
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For more about our approach to risk management and priority issues, see Priority Topics. EXECUTIVE LEADERSHIP TEAM Chairman and Chief Executive Officer Chief Communications, Sustainability and Strategic Partnerships Offi cer Chief Technical and Innovation Officer President and Chief Financial Officer Aud...
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21THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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This was followed by interviews with more than 30 internal and external stakeholders and an online survey that had 90 responses from across the globe. Stakeholders we talked to represent a diversity of views and have deep expertise across a range of issues and sectors. The stakeholders included investors and fina...
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This is detailed in the individual sections of the report. IMPACT TO THE COCA-COLA COMPANY IMPORTANCE TO EXTERNAL STAKEHOLDERS LABOR & HUMAN RIGHTS RESPONSIBLE MARKETING CORPORATE GOVERNANCE CLIMATE CHANGE HEALTH & NUTRITION WATER STEWARDSHIP TALENT ATTRACTION, RETENTION & DEI PACKAGING & CIRCULARITY BUSINESS CONTINUI...
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22THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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Feedback from our stakeholders allows us to learn and improve, and informs our business and sustainability strategy. In all our engagements with stakeholders, we are committed to upholding the principles of transparency, consistency, accountability and integrity. PartnershipHighlights • C oca-Cola Philippines ...
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• W e partnered with the CEO Water Mandate, denkstatt and others to help build the business case for Nature-Based Solutions (NBS) by developing a standardized methodology to quantify the co-benefits of NBS projects and calculate the social return on investment. • W e joined the Supplier Leadership on Cli...
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We used these opportunities to engage with diverse stakeholders, to listen and to explore ways to drive collective action to positively impact people, communities and our environment. GlobalLeadershipEvents WorldEconomicForum Davos, Switzerland WorldW ater W eek Stockholm, Sweden TheConsumer Goods  Forum  ...
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23THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT HOW WE OPERATEAT A GLANCEOVERVIEW INNOVATION FINANCIAL HIGHLIGHTS GOVERNANCE & MANAGEMENT PRIORITY TOPICS STAKEHOLDER ENGAGEMENT & PARTNERSHIPS CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMAT...
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In September, the 2022 Middle East edition brought together over 300 women from top companies across the region to Dubai to learn, network, share and apply best practices on leadership, success, diversity and inclusion. UNITED ARAB EMIRATES OPENConversation Coca-Cola Netherlands held its fifth OPEN conversatio...
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1 The pr eviously reported figure of 18.5 million people provided access to safe drinking water, sanitation and hygiene since 2010, was through working collectively with The Coca-Cola Foundation, bottlers, implementing partners and other co-funders. 2 Substan tially all replenish data is internally validated and ve...
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Unless otherwise stated, in this report finished beverages is based on global sales volume. Approximately 13.5 Billion liters (approx. 7%) of the water used in our beverages that we returned to nature and communities is from 7 projects located in Ukraine and Belarus where since May 2019 we have not been able to monit...
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We have operations nearly everywhere in the world— in more than 200 countries and territories. That means we have a responsibility to accelerate our efforts to help address water stress, protect local water resources and help build community climate resilience—communities’ ability to adapt to these changing condit...
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25THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY 2030 WATER SECURITY STRATEGY Vision: Our 2030 Water Security Strategy is focused on accelerating the actions needed to in...
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As a result of this work, we have set three key goals designed to achieve our vision: OUR COMMUNITIES OUR WATERSHEDS OUR OPERATIONS GOAL 1 Achieve 100% regenerative  water use across 175 of our facilities identified as facing high levels of water stress by 2030. GOAL 2 Improve the health of 60 watersheds ...
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To achieve our goals, collective action is critical. Wew ork  collaborativelywith  partners  across  sectors t o  implementactionsinour operations, w atersheds  (including  agriculturalingredientsourcingregions)andcommunities: Actionswithin  Our Operations • Use less water • Reuse and treat ...
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This means we will partner to build water resilience across operations and supply chains, and we will work together to achieve collective positive water impact in at least 100 vulnerable water basins by 2030.
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26THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY In 2022, we completed our analysis of water- related risks in areas where we can make the greatest impact 1. We prioritized...
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• ADVANCEDEFFICIENCY LOCATIONS: System facility locations in a water-stressed context that will drive advanced water efficiency improvements in operations. • CONTRIBUTINGLOCATIONS: System facility locations in areas with low water-related risks. These will contribute to water security overall by implementi...
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By mapping and overlaying our priority facilities, watersheds and communities, we have developed a framework of prioritization and a deeper understanding of risks, which will help us develop holistic, integrated and context-based approaches to help increase water security where it matters the most in our business...
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This may lead to changes in the prioritized facilities, watersheds and communities. PRIORITIZING OPERATIONS, COMMUNITIES AND WATERSHEDS Makingthe  Greatest  Impact Wher e  It  Matters  Most  by Doing Wha t  Matters  Most Prioritizing operations, watersheds and communities in Türkiye In Türkiye, we identif...
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The watershed faces high levels of water scarcity and pollution of water sources from local industries, including textiles and agriculture (e.g., use of insecticides). Rural farming communities have relatively low levels of access to clean water. The operating facility is driving water efficiency improvements by c...
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See the Sustainable Agriculture section for more details on how we are supporting farmers to improve water management in growing our ingredients in this region. Bursa SEA OF MARMARA BURSA/BALIKESIR WATERSHED Simav Emet Orhaneli Nilüfer Lake Ulubat Lake Iznik Lake Manyas Koca Bursa SEA OF MARMARA BURSA/BALIKESIR WAT...
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27THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY All our production operations will continue to implement the Coca-Cola system’s Water Resource Sustainability Standard. ...
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We have set an ambitious target to reduce our water use ratio by 20% by 2030 from a 2015 baseline for all operations across the system. We are focused on water efficiency improvements in Leadership Locations and Advanced Efficiency Locations that operate in water-stressed contexts, which has resulted in a water ...
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In 2022, we also worked with Bluerisk and Valuing Impact and a number of peer companies to better understand how projects returning water to communities and nature help create societal value. Across the 22 projects analyzed, we learned that these projects not only generated 210 million cubic meters of volumetric ...
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Over the past year, our Talent and Compensation Committee approved the inclusion of a metric related to water replenishment in Leadership Locations in line with the goals of our 2030 Water Security Strategy. 1 2021 BIER (Beverage Industry Environmental Roundtable) Benchmarking report REDUCING WATER CHALLENGES I...
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A monitor-to- improve mindset in our local team is also key to achieving and sustaining this level of performance. As a member of the Alliance for Water Stewardship (AWS), we are proud to be a part of a global movement to advance good water stewardship practices. The AWS certification confirms that the highest ...
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WatershedStewardshipPlans MEXICO In Chihuahua, Mexico, we partnered with The Nature Conservancy, a global environmental nonprofit organization, to develop a watershed stewardship plan for the Lago Bustillo y de los Mexicanos watershed. It was identified as a priority watershed because it supplies water to a manu...
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These plans will also help us to track improvements in watershed health and co- benefits of projects (e.g., enhanced biodiversity and carbon sequestration). One project currently in the pipeline is working with an agri-tech partner, Kilimo, to help local farmers save water by adopting technology-enabled irrigation ma...
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28THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY Protecting watersheds and recognizing the unique challenges and characteristics of water sources around the world has long...
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That’s why, in 2022, we expanded our analysis and prioritization to include watersheds that support our priority ingredient sourcing, in addition to our operating facilities and those necessary for key market growth. IMPROVING WATERSHED HEALTH (continued) 1 Sour ce: Water Footprint Network. 5 1 3 2 4 7 6 8 9 USA: –...
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reconnection Hungary: – Oxbow restoration – Floodplain restoration  Italy: Irrigation efficiency improvement Romania: Floodplain wetland restoration Spain: – Wetland restoration – Irrigation system improvements EUROPE 3 Egypt: Soil improvement to reduce irrigation demand South Africa: Invasive species removal AFR...
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atershed  Projects  in  PriorityW atersheds Many projects have multiple locations. The Coca-Cola Foundation and the Coca-Cola system have a long history of watershed projects. A selection of these projects is shown below. These projects include support for nature-based solutions such as reforestation, wetland ...
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29THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY We adopt a human-rights based approach to water and communities. We recognize the connection between our social license ...
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In 2022, our operating units began the identification of priority communities based on communities’ access to WASH and/or their resilience to the impacts of climate change (e.g., floods and droughts). We aim to support our priority communities in addressing shared water challenges by identifying and implementing ...
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INTEGRATING GENDER INTO WASH PROGRAMS Gender has always been a core focus for our WASH programs because we know that women and girls suffer disproportionately from poor access to clean water, sanitation and hygiene. In 2018, The Coca-Cola Foundation partnered with Global Water Challenge (GWC), USAID and Ipsos th...
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Aliadospor el A gua  (Allies  forW ater) In Latin America and the Caribbean, 25% of the population lack access to safely managed drinking water services.1 Climate change, urbanization, accelerated water usage, and inadequate infrastructure are among the leading causes. In response to this, Coca-Cola Latin Ameri...
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With our partners and support from The Coca-Cola Foundation, we are piloting the framework across four projects in Mexico, Bolivia and Brazil to empower women through water-related programming. BUILDING COMMUNITIES’ WATER RESILIENCE CollectiveA ction The shared nature of water resources requires collective action t...
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BUILDING COMMUNITIES’ WATER RESILIENCE CollectiveA ction The shared nature of water resources requires collective action to help solve water challenges. Some of our key partnerships are with: • 2030 Water Resources Group, hosted by the World Bank • Allianc e for Water Stewardship (AWS) • CE O Water Mandate, a p...
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For details, read our 2022 CDP Water Response. Our bottling partner Coca-Cola Europacific Partners (CCEP) was recognized with the highest score of A, while Swire Coca-Cola Limited, Coca-Cola HBC and Coca-Cola Bottlers Japan Inc. (CCBJI) received a score of A–. Our smartwater brand, in partnership with Global Wa...
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30THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY SPOTLIGHT: INVESTING IN NATURE-BASED SOLUTIONS 1 Sour ce: WWF-Philippines | Ipo Watershed Recognizing that nature itself of...
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We worked with denkstatt to develop a methodology to help us quantify and test the co- benefits of NBS projects. In 2022, we partnered with the CEO Water Mandate, denkstatt and others to help build the business case for NBS by developing a standardized methodology to measure benefit accrual and a means to value s...
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ReforestationHelpsRestoreW atershed  Health  inthe  Philippines The Ipo Watershed in Bulacan in the Philippines supplies water to Metro Manila, the second most populous region of the country. Forest cover within the watershed has dramatically dropped from 85% to just 40% in recent years1 due to illegal loggi...
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• CARBONSEQUESTRATION: Approximately 2,500 metric tons of CO2e per year from reforestation. • FOODSUPPLY: Household gardens helped to tackle food insecurity and some of the trees planted have edible fruits (e.g., rambutan, coffee). In order to achieve large-scale impact globally, we partner with governments...
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31THE COCA-COLA COMPANY 2022 BUSINESS & SUSTAINABILITY REPORT CEO MESSAGE EXECUTIVE SUMMARYCONTENTS AGRICULTUREPORTFOLIO DATA APPENDIXPACKAGING FRAMEWORKSWATER OPERATIONSCLIMATE PEOPLEOUR COMPANY TRADEMARK COCA-COLA SPARKLING FLAVORS WATER, SPORTS, COFFEE AND TEA JUICE, VALUE-ADDED DAIRY AND PLANT-BASED BEVERAGES E...
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