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We are pleased to share The Coca-Cola Company’s 2020 Business & Environmental, Social and Governance Report. This report is a comprehensive and transparent review of our progress over the past year, demonstrating resilience in the face of COVID-19 while also advancing our environmental, social, and governance goals.

While the report highlights many important global milestones in 2020, we’re pleased to share specific progress in North America.

• World Without Waste: In the U.S., we’re now offering bottles made of 100% recycled PET including multiple brands and packaging sizes. We developed and commercialized resealable caps made from 30% recycled plastic—a beverage industry first—for DASANI bottles in the U.S. In North America, 95% of our packaging is recyclable. We joined the U.S. Plastics Pact to partner with state and local governments as well as other businesses and NGOs to ensure the plastics we use stay in a circular economy and out of the environment. Similarly, in early 2021, Coca-Cola joined 30 other companies in launching the Canadian Plastics Pact. We also set a new global goal to reduce our use of virgin plastic derived from non-renewable sources by a cumulative 3 million metric tons over the next five years.

• Water security: To balance the water contained in our beverages, we support more than 70 water replenishment projects in more than 100 communities throughout the U.S. and Canada. In 2020, we returned 118% of the water used in manufacturing to nature and communities in North America, all while continuing to improve the efficiency of our water use. We also launched our new 2030 water strategy to increase water security where we operate, source ingredients, and touch people’s lives.

• Innovation and sugar reduction: We are reducing added sugar while providing more drinks and smaller package choices, along with clear nutrition information. North America saw a 23% growth for mini cans in 2020, helping people control added sugar intake more easily for themselves and their families. Launched in 2020, our new line of sparkling water comes in eight flavors with no sweeteners, no calories, and no sodium. In the fast-growing flavored unsweetened sparkling water category in North America, AHA showed strong results in its first year, carving out a market share of about 8% and outperforming competitors.

• Reducing carbon emissions: Globally we achieved our “drink in your hand” goal to reduce relative carbon emissions by 25% by 2020, against a 2010 baseline. We are now working toward our Science-Based Target to reduce absolute GHG emissions 25% by 2030. Our ambition is to achieve net-zero carbon emissions by 2050.

• Growing a more sustainable supply chain: Working with our suppliers, we met our goal to engage corn farmers representing up to 1 million acres in Field to Market’s Fieldprint calculator by 2020, this equates to 100% of our high fructose corn syrup supply in the U.S. Participating farmers use cutting-edge technology to track their environmental footprint and inform conservation practices, including ones that improve soil health, protect biodiversity, and potentially sequester carbon. Working with our almond supplier, Treehouse California Almonds, we have encouraged growers in our supply chain to participate in the California Almond Sustainability Program (CASP), which provides tools for sustainable practices and performance tracking. By the end of 2020, 100% of the acres supplying almonds to the company were participating in the program.

• Surpassing our goal to enable the economic empowerment of women: Together with our bottlers, civil society, public and private sector partners, and The Coca-Cola Foundation, globally we surpassed our 5by20® goal, enabling the economic empowerment of more than 6 million women. In North America, we have enabled the economic empowerment of more than 1 million women since 2010.

• Making a difference for people and communities: People are at the heart of everything we do, and we’re committed to empowering access to equal opportunities and giving back to communities. During 2020, the Coca-Cola system helped communities through COVID-19 relief efforts. In North America, these donations made by the system, when combined with independent contributions from The Coca-Cola Foundation, total more than $14 million. The multiple social injustices witnessed in 2020 brought diversity, equity, and inclusion to the forefront of communities, including for our company, challenging us to take a hard look at where we were and where we need to be. In response, we developed a U.S. Racial Equity Action Plan.

We have learned much over the last year that will help us continue to grow for the better. Having passed several of our 2020 milestone goals, we are working toward new plans, including our 2025 packaging goals, our 2030 climate goal, and our new 2030 water strategy – all of which are detailed in this report.

We will continue to work closely with and learn from our stakeholders. As such, we encourage you to review this report and welcome the opportunity to discuss it with you or hear your feedback.

On behalf of your friends at Coca-Cola, thank you for your continued leadership and partnership.