Global Commitment 2021 Signatory Report

The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference.

Africa: Eastern Africa, Middle Africa, Northern Africa, Southern Africa, Western Africa

America: Caribbean, Central America, Northern America, South America

Asia: Eastern Asia, Central Asia, South-eastern Asia, Southern Asia, Western Asia

Europe: Eastern Europe, Northern Europe, Southern Europe, Western Europe

Oceania: Australia and New Zealand, Melanesia, Micronesia and Polynesia

This goal applies to our PET plastic primary consumer packaging, which is far and away our predominant plastic usage.

We are working to achieve an ongoing reduction of virgin plastic through a variety of methods: increasing use of renewable and recycled materials, using less material per package, and offering more refillable options and “bring your own package” solutions.

Moving forward we are accelerating our work on lightweighting. We recently conducted a plastic packaging audit of our top 20 markets, which represent 42% of our global PET use, to determine potential areas for advancing lightweighting in our packages. Next steps are to establish a global roadmap and develop targeted plans, with the goal of achieving best-in-class weights across our packaging portfolio in every market. In markets as varied as Indonesia, India, the United States, Nepal and Canada, we have implemented new ultra-lightweighting technology, which allows us to use significantly less plastic, saving on packaging costs. This technology incorporates a unique fully recyclable ultra-thin glassy coating in the packages which allows for extremely thin packaging with a great stability. In Indonesia, from 2017-2020, these investments have enabled us to reduce our plastic usage by more than 6,000 tons while improving the shelf life of our beverages.

Recent or in-progress pilots of reuse models for new products or packaging, Reuse models in place for non-consumer facing packaging, Reuse models in place for consumer facing products or packaging

Product line(s) with reuse model(s): 20 (20% of total) (see endonotes for more information)

Market(s) where reuse models are available today: Eastern Africa, Middle Africa, Northern Africa, Southern Africa, Western Africa, Caribbean, Central America, Northern America, South America, Eastern Asia, Central Asia, South-eastern Asia, Southern Asia, Western Asia, Eastern Europe, Northern Europe, Southern Europe, Western Europe, Australia and New Zealand, Melanesia, Micronesia and Polynesia (100% of total)

We are extending our closed-loop packaging pilot to foodservice customers, beyond initial trials on ready-to-drink packaging (bottles and cans) in western Europe. We are partnering with the Burger King® Brand and TerraCycle to reduce single-use packaging waste by offering reusable food containers and beverage cups in a pilot program. Later this year, Burger King® intends to offer guests who visit select restaurants in New York and Portland the option of reusable packaging with a deposit when ordering certain menu items. Returnable (or “Refillable”) packages have been a long-standing element of our business in Latin America. As a system in Latam OU, we have been investing in Returnable packages (both glass and PET) for a number of years to grow our consumer base while contributing to a packaging circular economy and also lowering our carbon footprint. The impacts of Covid-19 accelerated the growth of Returnables in Latam markets in 2020 as consumers enjoyed at-home multi-serve products with family in Returnable packages. We are investing in scaling Returnable packages across Latin America to provide consumers with an affordable option to enjoy our portfolio of brands in a way that is also more sustainable to help create a World Without Waste. While there has been growth in Latin America, some parts of the world have seen mixed results through the pandemic. Where refillables are largely immediate consumption packages consumed in restaurant channels, we have seen significant reductions. In Africa, (a large returnables market at over 35%), by far the majority of refillable packages are immediate consumption packs. While there has been a reduction generally, however, with concerted effort in South Africa, our commitment to grow returnables has worked, and we have seen increases, even through the pandemic.

Piloting reuse models for new products or packaging

Introducing or expanding reuse models for non-consumer facing packaging

Introducing or expanding reuse models for consumer facing products/packaging

Refillable packaging remains a critical element of our World Without Waste strategy, with over 40 markets using refillable packaging for over 25% of their sales, and over 20 markets at over 50%. Our food service business is a reuse model, but in practice, not all packaging is actually reused or refilled. Over the course of 2021, we are conducting a landscape assessment, starting first in the U.S. (where this business is most prevalent) to determine more specific performance and improvement opportunities.

11.5% of our PET packaging is recycled material. We now offer beverages packaged in 100% recycled PET plastic (rPET) in around 30 markets. In 2020, the Netherlands and Norway announced transitions to 100% rPET for their entire plastic packaging portfolios, joining their neighbors in Sweden.

Approximately 60% of our packaging is refilled or collected for recycling (for PET plastic packaging, this is just under 50%). We endorsed principles on EPR through both Consumer Goods Forum and Ellen MacArthur Foundation, as well as a business manifesto calling for a global treaty on marine plastic pollution. We are a founding partner and steering board member with the World Economic Forum’s Global Plastic Action Partnership (GPAP), which is driving multi-stakeholder approaches to national plastic action plans in emerging markets (Indonesia, Ghana, Vietnam as initial pilots). We are a partner/supporter in virtually all of the growing number of plastic pacts around the world.

Yes

100% reusable, recyclable or compostable

We currently maintain a high percentage of recyclability in our portfolio. However, there are some packaging formats that are challenging. We will continue to advance technologies for improving the recyclability of those formats.

Moving forward, in this area we have two major priorities: Continued funding and maintenance of collection systems and markets for recycled materials around the world to drive recycling rates and speed the processing and reuse of collected material. Forging and cultivating partnerships with governments, peer companies, industry groups, NGOs and other organizations to make progress against our World Without Waste goals and scale solutions that help create a circular economy.

We are supporting all our markets in charting locally relevant solutions to replace virgin plastic with more recycled material. Challenges, which vary by region, include whether infrastructure exists to support high rates of collection of PET packages and processing into high-quality rPET. Because more than 25% of our PET use is in markets that do not currently allow use of rPET, we are working with supplier and industry partners to obtain authorization in these places. Currently, there is not enough food-grade recycled plastic available to eliminate all virgin plastic in our packaging, and in some markets, we are not currently authorized to use recycled PET. That’s why we support multiple ways to build market “pull,” including well-designed, well-run Deposit Return Schemes, which encourage more people to recycle more plastic and provide the raw material to create more recycled content for our bottles. We are active in or advocating for local deposit systems in more than 35 markets.

Moving forward, we will continue to advance regional roadmaps for the usage of PET in our system, engaging with our suppliers and partners. Additionally, we will work towards:

• Advancing efforts to increase our use of recycled content in our packaging by replacing virgin plastic with more recycled material through well-designed, well-run Deposit Return Schemes in places where they are most applicable.

• Investing in scaling technologies for the enhanced recycling of PET and renewably sourced PET, in support of a circular economy for PET plastics, as well as dispensed and package-less solutions.

• Continued funding and maintenance of collection systems and markets for recycled materials around the world to drive recycling rates and speed the processing and reuse of collected material.

When we launched the World Without Waste program in 2018, we indicated that our projected spending would be in line with our water stewardship efforts over the prior decade, which was approximately $2 billion (USD). After three years of implementation, we are spending ahead of that trajectory, which we knew at the time was a conservative estimate.

Select data published in our 2020 World Without Waste report (https://www.coca-colacompany.com/content/dam/journey/us/en/reports/coca-cola-world-without-waste-report-2020.pdf) has been assured as part of our annual governance processes. More detail can be found in the report.

For both The Coca-Cola Company’s virgin plastic reduction target and broader reporting, the scope and related baseline / weight numbers are currently limited to PET primary packaging. However, in the 2021-2022 reporting cycle, we will aim to expand this to cover all primary, as well as secondary and tertiary packaging, where possible. If needed and where possible, we will provide updated numbers for key metrics (total weight, PCR, recyclability) for prior years. This may mean we need to adjust our targets.

For product line(s) with available reuse model(s): This is a percentage calculation. Approximately 20% of our beverage portfolio is in formats that can either be refilled or reused. This is across our full portfolio, and not just plastic packaging.