Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sugar Reduction
• World Without Waste
• Water Stewardship
• Women's Economic Empowerment
• Climate Change

Environmental Achievements

• Replenished 155% of the water used in finished beverages to communities and nature.
• Established or joined 10 global recycling/packaging partnerships.
• Announced four packaging technology advancements, including opening PlantBottle™ IP for industry use.
• Launched bottles made from 100% recycled materials in multiple markets.
• Reduced the CO2 embedded in the Coca-Cola “drink in your hand” by 21% below 2010 levels.

Social Achievements

• Economically empowered more than 865,000 women in 2018, adding 17 countries.
• Launched Coca-Cola Plus Coffee, available in multiple markets.
• Restarted Diet Coke in North America with new packaging, marketing, and flavors.
• Launched about 600 new products, more than 250 low- or no-sugar, and more than 400 juices, teas, waters, and other non-sparkling beverages.
• Expanded 165 products into additional markets.

Governance Achievements

• Announced several key leadership appointments.
• Created a new Global Ventures group to scale acquisitions and investments.

Climate Goals & Targets

Environmental Challenges

• Growing consumer concern about obesity and sugar consumption.
• Growing concern about plastic waste and lack of recycling infrastructure.
• Threats to water quality and availability, exacerbated by climate change.
• Climate change risks impacting ingredients, production, distribution, and communities.
• Human rights issues in the agricultural supply chain (child labor, forced labor, land rights).

Mitigation Strategies

• Gradually reducing sugar across the portfolio, offering smaller packages, and promoting low- and no-sugar options.
• Launching World Without Waste initiative to design recyclable packaging, increase collection, and partner for a cleaner environment.
• Implementing a comprehensive water risk mitigation strategy and replenishing water used.
• Mapping climate-related risks across the value chain and developing a resilience strategy.
• Conducting human rights assessments in key sugar supply markets and taking action on findings.

Supply Chain Management

Supplier Audits: 2,800 audits in 2018

Responsible Procurement

• Supplier Guiding Principles (SGP) aligned with Human Rights Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water scarcity
• Changes to weather and precipitation patterns

Transition Risks

• GHG regulation
• Changes to consumer perceptions
• Water regulation

Opportunities

• Development of energy-efficient products and processes
• Sustainable packaging and recycling

Reporting Standards

Frameworks Used: GRI

Third-party Assurance: Deloitte & Touche LLP

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 5
• Goal 6
• Goal 8
• Goal 12
• Goal 13
• Goal 14
• Goal 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• PlantBottle™ packaging
• Bottles made from 100% recycled plastic
• Reduced-sugar Coca-Cola

Awards & Recognition

• Coca-Cola Turkey operations recognized by the British Safety Council

Environmental Metrics

ESG Focus Areas

• Climate Change
• Reducing Added Sugar
• World Without Waste
• Water Leadership
• Sustainable Agriculture
• People & Communities

Environmental Achievements

• Reduced carbon footprint by 24% toward a 2020 target of 25% reduction against a 2010 baseline.
• 16 markets offering beverages packaged in 100% recycled PET bottles.
• Removed approximately 350,000 tons of added sugar on an annualized basis through approximately 275 product reformulations in 2019.
• 88% of packaging recyclable globally
• Replenished more than 100% of the water used to manufacture beverages for five consecutive years.

Social Achievements

• Empowered over 4.6 million women through the 5by20 initiative.
• Contributed nearly $125 million to directly benefit 294 organizations across 129 countries and territories.
• Improved water efficiency in manufacturing operations by 18% compared to 2010.

Governance Achievements

• Combined business and sustainability reporting for increased transparency.
• Joined several global and national pledges emphasizing commitment to gender diversity.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on business and communities.
• Packaging waste.
• Water scarcity.
• Sustainable agriculture sourcing.
• Human rights issues in the supply chain.

Mitigation Strategies

• Set a Science-Based Target to reduce GHG emissions by 25% by 2030.
• Launched World Without Waste initiative with design, collect, and partner goals.
• Implemented Sustainable Agriculture Guiding Principles (SAGP).
• Conducted human rights assessments in key agricultural countries.
• Developed models to address local challenges in packaging design, reuse, and recycling.

Supply Chain Management

Supplier Audits: 2,778 audits in 2019

Responsible Procurement

• Supplier Guiding Principles (SGP) aligned with Human Rights Policy
• Sustainable Agriculture Guiding Principles (SAGP)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water scarcity
• Supply chain disruptions

Transition Risks

• GHG regulations
• Changes to consumer perceptions
• Increased cost of materials and equipment

Reporting Standards

Frameworks Used: GRI Standards: core option, TCFD, UN Global Compact, UN Guiding Principles Reporting Framework

Third-party Assurance: Deloitte & Touche LLP

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 5
• Goal 6
• Goal 8
• Goal 12
• Goal 13
• Goal 14
• Goal 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• PlantBottle (incorporates 30% plant-based material)
• KeelClip™ packaging technology

Environmental Metrics

ESG Focus Areas

• Water Stewardship
• Climate Change
• Packaging Waste
• Sustainable Agriculture
• Human Rights
• Diversity, Equity & Inclusion
• Economic Empowerment of Women

Environmental Achievements

• Reduced relative carbon emissions by 25% by 2020 (2010 baseline)
• Replenished 170% of water used in finished beverages and production in 2020
• Offered 100% recycled plastic packaging options in around 30 markets
• Set a new goal to reduce virgin plastic use by 3 million metric tons by 2025
• Improved water efficiency by 19% since 2010 (1.84 liters of water per liter of final product)

Social Achievements

• Surpassed goal of enabling economic empowerment of 5 million women through 5by20® program (more than 6 million women enabled)
• Donated more than $90 million to COVID-19 relief efforts
• Invested $800M with diverse suppliers in the US in 2020

Governance Achievements

• Established a new networked organization to improve efficiency and growth
• Updated political giving policy and suspended political giving to review alignment with company values

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations, supply chain, and consumer demand
• Water scarcity in key sourcing regions
• Climate change impacting ingredient availability
• Global packaging waste crisis
• Social unrest and rising inequality

Mitigation Strategies

• Implemented safety measures to protect employees during COVID-19
• Developed a new 2030 water strategy focused on water security
• Implemented sustainable agriculture practices to address climate change risks
• Launched World Without Waste initiative to address packaging waste
• Developed a Global Social Justice Framework for Action to address social inequality

Supply Chain Management

Supplier Audits: 2,279 audits conducted in 2020

Responsible Procurement

• Supplier Guiding Principles (SGPs) aligned with Human Rights Policy
• Principles for Sustainable Agriculture (PSA)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting production and distribution
• Water scarcity disrupting sourcing and/or production

Transition Risks

• Increased regulation on GHG and/or water impacting pricing and production

Opportunities

• Development of energy-efficient products and processes
• Investment in renewable energy

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB, TCFD

Third-party Assurance: Ernst & Young LLP (limited assurance on selected metrics)

UN Sustainable Development Goals

• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 5 (Gender Equality)
• Goal 8 (Decent Work and Economic Growth)

Initiatives contribute to these goals through water stewardship, renewable energy use, waste reduction, climate action, women's empowerment, and sustainable supply chains.

Sustainable Products & Innovation

• 100% rPET bottles
• AHA sparkling water
• Coca-Cola Zero Sugar

Awards & Recognition

• CDP Supplier Engagement Leaderboard (top 7%)
• Plastics News’ 2020 Plastics Caps & Closures Innovation Award

Environmental Metrics

ESG Focus Areas

• Diversity, Equity and Inclusion
• Environmental Sustainability
• Water Stewardship
• Sugar Reduction
• Packaging Circularity
• Climate Action
• Sustainable Agriculture
• People and Communities

Environmental Achievements

• Achieved 2020 “drink in your hand” goal to reduce relative carbon emissions by 25% against a 2010 baseline
• Set a science-based target to reduce greenhouse gas emissions by 25% across the entire value chain by 2030 as compared to a 2015 baseline
• Announced a new, global goal to reach 25% reusable packaging by 2030
• Removed approximately 900,000 tons of added sugar from beverages globally in the past three years

Social Achievements

• Surpassed women’s economic empowerment goal, reaching more than 6 million women through partnerships
• Set a 2030 aspiration to mirror U.S. census data for race and ethnicity at all job levels in the United States
• Recommitted to 2030 aspiration to be 50% led by women

Governance Achievements

• Finalized plans to further link ESG goals to annual and long-term incentive compensation programs
• Recognized as a “Trendsetter” in the 2021 CPA-Zicklin Index of Corporate Political Disclosure and Accountability

Climate Goals & Targets

Environmental Challenges

• Ongoing COVID-19 pandemic
• Global supply chain challenges

Mitigation Strategies

• Strategic transformation enabled agility and adaptability
• Leveraged strong capabilities of the Coca-Cola system to mitigate impacts of supply chain challenges

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable sourcing of priority ingredients

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Refillables and label-less bottles

Awards & Recognition

• FORTUNE’s Top 25 World’s Most Admired Companies
• Bloomberg Gender-Equality Index
• Human Rights Campaign’s Corporate Equality Index (100% score)
• Disability Equality Index Best Places to Work
• LATINA Style Top 50 Best Companies

Environmental Metrics

ESG Focus Areas

• water stewardship
• reducing added sugar
• packaging
• climate
• sustainable agriculture
• people and communities

Environmental Achievements

• Achieved a 10% improvement in water efficiency across all system operations compared to 2015.
• Replenished 159% of the volume of water used in beverages (approximately 291 billion liters) through ecosystem restoration and watershed remediation projects.

Social Achievements

• Improved sustainable access to clean drinking water and handwashing facilities in Samora Machel, Mozambique.
• Increased sustainable sourcing of 12 global priority agricultural ingredients to 64% (from 58% in 2021).

Governance Achievements

• Linked sustainability performance (including water) to annual and long-term incentive programs for executives.

Climate Goals & Targets

Environmental Challenges

• Water scarcity/water stress in several regions, impacting 22 company-owned facilities.
• Drought in the US impacting corn supply (High Fructose Corn Syrup).
• Increased operating costs due to water scarcity in India.

Mitigation Strategies

• Implementing Coca-Cola system’s Water Resource Sustainability Standard.
• Investing in water efficiency projects (e.g., pump replacements, clean-in-place process optimization, water recycling).
• Implementing water replenishment projects.
• Engaging with suppliers to improve water management practices and adopt sustainable sourcing certifications.
• Partnering with ADM to support corn farmers in adopting sustainable and regenerative agriculture practices.

Supply Chain Management

Supplier Audits: 47 suppliers identified as having a substantive impact

Responsible Procurement

• Principles for Sustainable Agriculture (PSA)
• Supplier Guiding Principles (SGPs)

Climate-Related Risks & Opportunities

Physical Risks

• drought
• flooding

Opportunities

• improved water efficiency

Reporting Standards

Frameworks Used: GRI, SASB, GHG Protocol

Third-party Assurance: EY

Environmental Metrics

ESG Focus Areas

• Water
• Packaging
• Climate
• Agriculture

Environmental Achievements

• Returned 148% of the water used in finished beverages to nature and communities in 2023.
• Reduced water use ratio by 10% since 2015 (1.78 liters of water used per liter of beverage in 2023).
• 90% of packaging was recyclable in 2023.
• Used 27% recycled materials in primary packaging globally (17% rPET).
• Reduced absolute use of virgin plastic by more than 75,000 metric tons compared to 2022.
• Avoided the additional use of 1.9 million metric tons of virgin plastic between 2020 and 2023 through lightweighting and recycled PET initiatives.
• 62% of packaging was collected for recycling in 2023.
• Served 14% of total beverage volume in reusable packaging in 2023 (increase of over 100 million unit cases compared to 2022).
• 8% decline in absolute GHG emissions against a 2015 baseline.
• Systemwide renewable electricity usage increased from 21% in 2022 to 24% in 2023.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Additional investment, bottling partner engagement and stakeholder outreach are required to reach 2030 water goals.
• Behind plan to meet 2030 recycled content and collection goals for packaging. Key challenge is collection for recycling.
• More work needed to reduce carbon emissions.

Mitigation Strategies

• Developing plans for watershed health and stewardship.
• Exploring new collection models or improving existing ones, investing in community infrastructure and engaging policymakers.
• Continuing to invest in solutions and partner across the value chain to achieve climate goal.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Principles for Sustainable Agriculture

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions

Transition Risks

• Evolving sustainability regulatory requirements

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GHG Protocol

Certifications: Null

Third-party Assurance: Ernst & Young LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed