The Coca-Cola Company

FY2025 revenue

$47.94B December 31, 2025 · SEC

TRI facility leads

3 2024 U.S. match, unresolved

Equity-method bottlers

5 Publicly traded, disclosed stakes

Brand portfolio

200+ Company reported

Packaging design goal

2030 World Without Waste targets

Public evidence, arranged around the physical system rather than the corporate org chart. Coca-Cola's defining structural fact: the parent company mostly sells concentrate and licenses a brand, it does not mostly manufacture.

01 · MATERIALS IN

Concentrate, sweeteners, CO2

Flavor concentrate, sweeteners, caramel color, acidulants, and carbon dioxide enter a small number of company-run concentrate and syrup plants.

02 · MAKE

Concentrate manufactured by KO; beverages made by bottlers

The Coca-Cola Company manufactures and ships concentrate/syrup. Licensed bottling partners add water and sweetener, carbonate, package, and distribute the finished drink.

03 · PRODUCTS OUT

200+ brands across sparkling, water, juice, dairy, coffee

Trademark Coca-Cola, Sprite, Fanta, Dasani, Minute Maid, fairlife, Costa Coffee, Powerade, BODYARMOR, and regional brands.

04 · WASTE OUT

Packaging waste and facility-level listed chemicals

A 2024 TRI match found one company-side facility (Auburndale, FL) reporting managed nitrate compounds. Bottler-side manufacturing waste sits outside this scope.

What is public now

Reporting segments Europe, Middle East & Africa; Latin America; North America; Asia Pacific; Global Ventures; Bottling Investments

Business model Concentrate/syrup manufacturer and brand owner; finished-beverage manufacturing is licensed out to a bottling network

Public plant signal 3 U.S. TRI facility leads under parent-name match; ownership and operating control not yet verified for any of the three

Scope note The Coca-Cola Company manufactures concentrate and syrup while licensed bottlers make finished beverages; this page does not identify a specific bottler-format flow.

What the public record tells us

Procurement signal: KO's own manufacturing footprint is small and concentrate-focused. The overwhelming majority of PET resin, aluminum, glass, and closure procurement volume sits inside legally separate bottling partners: some KO holds a minority stake in, several it does not own at all.

Packaging signal: World Without Waste (launched January 2018) is the company's public packaging program: recyclable-by-design packaging, 50% recycled material by 2030, and collecting a bottle or can for every one sold by 2030. A 2021 update added a target of 25% reusable/refillable packaging by 2030.

Waste signal: Matched 2024 TRI records show one Coca-Cola-parent facility (Auburndale, FL) reporting nitrate compound management. This is a single-chemical, single-facility, U.S.-only view. It says nothing about total system packaging waste, which is overwhelmingly a bottler-side and post-consumer question.

Regulatory and certification signals

Regulatory watchlist EU PPWR & Single-Use Plastics Directive, U.S. state EPR laws, India EPR rules, UK Plastic Packaging Tax, TRI, RCRA, TSCA/PFAS

Certification families ISO 14001, Bonsucro, Rainforest Alliance/SAI Platform, FSC/PEFC, CDP Water Security & Climate Change

How to use this view Connect each requirement to the packaging format, bottler entity, and jurisdiction before treating it as applicable

Innovation and recovery signals

Material innovation PlantBottle (plant-based PET), rPET, a fiber-based bottle prototype with Paboco, aluminum bottle and cup formats

Recovery pathways Bottle-to-bottle rPET, can-to-can aluminum, returnable-glass and refill-PET loop systems

Evidence boundary The cited sources do not establish a named bottler's packaging grade, food-contact approval, delivered economics, or one uniform global plant profile.

A parent brand is not a plant. Coca-Cola's production footprint is split across company-run concentrate operations, majority-owned bottling units, publicly traded equity-method bottlers, and fully independent franchise bottlers.

Control hierarchy

The Coca-Cola Company (NYSE: KO) Owns brands and formulas; manufactures and sells concentrate and syrup to the bottling network

Concentrate & syrup plants Company-run manufacturing sites producing concentrate, syrup, and beverage bases; exact global plant count not itemized in current public source set

Bottling Investments Group & Coca-Cola Beverages Africa Company-controlled bottling operations retained (BIG) or majority-owned alongside Gutsche Family Investments (CCBA, ~14 Sub-Saharan African countries)

Publicly traded bottling partners KO holds a disclosed minority equity stake; bottler is independently managed and separately listed

Independent bottlers Licensed to manufacture and distribute under the Coca-Cola trademark; no disclosed KO ownership stake

Major bottling partners

Do not treat these percentages as current fact. Equity stakes shift with buybacks, secondary offerings, and refranchising deals. Confirm the live figure in each bottler's own most recent annual report or proxy before using it in a decision.

U.S. TRI facility leads (parent-name match, unresolved)

All three are candidate facility leads from parent-name matching against 2024 U.S. TRI records. None is confirmed owned-and-operated versus bottler-operated. Excluded from any owned/operated plant count until ownership and operating control are verified. 2017 refranchising: Coca-Cola divested the great majority of company-owned U.S. bottling and production territory (Coca-Cola Refreshments) to Coca-Cola Consolidated, CCEP, Swire Coca-Cola, and other bottlers, completing the U.S. refranchising process that year, which is the direct cause of KO's own U.S. manufacturing footprint being this small today.

Publicly described brand families, grouped by category. Ownership status is shown because it is not uniform: some are wholly owned, one is a minority equity investment only.

Trademark Coca-Cola

Coca-Cola, Coca-Cola Zero Sugar, Diet Coke/Coca-Cola Light, and limited-edition Coca-Cola Creations variants.

Wholly owned · flagship sparkling trademark

Sparkling flavors

Sprite, Fanta, and a large set of regional sparkling flavor brands sold market-by-market.

Wholly owned · second- and third-largest sparkling brands globally

Water & hydration

Dasani, smartwater (glacéau), Topo Chico, vitaminwater, Powerade, and BODYARMOR.

Wholly owned · BODYARMOR fully acquired 2021

Juice, dairy & plant-based

Minute Maid, Simply, innocent, Del Valle, fairlife dairy and protein shakes, and AdeS plant-based drinks.

Wholly owned · fairlife fully acquired 2020

Coffee & tea

Costa Coffee (retail chain and packaged coffee), Georgia (Japan), Gold Peak, and Fuze Tea.

Wholly owned · Costa Coffee acquired 2019

Strategic equity investment

Monster Beverage Corporation, an energy-drink maker in which Coca-Cola holds a long-standing minority equity stake.

Minority stake only, not an owned brand, not consolidated

Product and application signal

Brand and category are public. Exact SKU-level formulation, flavor-concentrate composition, and packaging-format mix by market are not publicly disclosed. Treat any specific ratio as directional unless sourced to a specific market disclosure.

Category-level material families connect Coca-Cola's public ingredient and packaging disclosures to its concentrate business and its bottlers' packaging lines.

Financial scale context

$47.94B FY2025 revenue (SEC-reported) provides scale context for the concentrate business. It is not a materials-purchasing figure, and it excludes the much larger packaging and ingredient spend that sits inside the separately owned bottling network.

Material transition focus

The practical comparison set: bottle-grade rPET, can-grade recycled aluminum, sugarcane-derived bio-PET (PlantBottle), and fiber-based bottle prototypes, each evaluated at the bottler-plant level, not the parent-company level.

Public packaging-format descriptions and the World Without Waste program connect Coca-Cola's brand portfolio to a defined set of material-transition pathways.

PET plastic bottles

The largest packaging format by unit case globally. PlantBottle technology (since 2009) incorporates plant-based material into PET; rPET content is the primary lever toward the 2030 recycled-content target.

Aluminum cans

Higher average recycled content and a mature closed-loop recycling infrastructure make cans the strongest can-to-can circularity case in the portfolio.

Glass & returnable systems

Returnable, refillable glass bottles remain significant in Latin America, Africa, and parts of Europe, supported by existing reverse-logistics infrastructure at bottler level.

Cartons, pouches & closures

Aseptic cartons for juice and dairy lines (Minute Maid, fairlife), stand-up pouches in select markets, and HDPE/PP closures across all formats.

S6 · Coca-Cola 2025 packaging progress

Official 2025 environmental update reports designed-for-recycling coverage, recycled material in primary packaging and recycled PET use.

World Without Waste: public 2030 packaging goals

Design Make 100% of packaging recyclable, reusable, or compostable by design (company reported timeline: 2025)

Use Use at least 50% recycled material across packaging by 2030 (interim milestones have shifted in company reporting since 2018)

Collect Collect and recycle the equivalent of a bottle or can for every one sold, by 2030

Reuse Grow reusable/refillable packaging to 25% of beverages sold by 2030 (added in a 2021 program update)

Read this as company-reported progress, not independent verification. Public reporting on these targets has been restated more than once since 2018; confirm the current-year figure in the most recent Business & Environmental, Social & Governance report before citing a specific percentage.

Packaging transition opportunities

Bottle-to-bottle rPET

Secure food-grade recycled PET supply at bottler scale to meet the recycled-content target without a resin-quality trade-off.

Refill infrastructure scale-up

Map which bottler territories already run returnable-glass logistics before proposing a new refill format elsewhere.

2024 TRI data gives a single-facility, single-chemical, U.S.-only view. Water and climate figures come from company sustainability disclosure, not a government registry.

Auburndale, FL: 2024 TRI record

Coca-Cola N.A., Auburndale, FL (TRI ID 33823CCCLN75MAI) reported management of nitrate compounds in 2024, matched by parent name to The Coca-Cola Co.

On-site release 4 lb

Total transferred off-site 130,171 lb

Recycled (off-site, reported) 127,950 lb

Treated (reported) 842 lb

Energy recovery (reported) 34,169 lb

Disposal 0 lb

Column-level TRI categories require verification against the EPA's own schema before this breakdown is used in a compliance or procurement context. Treat the totals as reported; treat the category assignment as provisional.

Two more candidate leads, unresolved

Northampton, MA and Cidra, PR (Caribbean Refrescos, Inc.) also matched under the parent name for 2024 nitrate-compound reporting.

Both are excluded from any owned-and-operated count until ownership and operating control are verified. Neither has a confirmed relationship type in the current public source set.

Water stewardship

Coca-Cola has publicly reported replenishing the equivalent of 100% or more of the water used in its finished beverages since 2015, through watershed and community water projects run with local partners. This is a system-wide claim covering bottlers, reported in the company's annual sustainability disclosure, not a per-facility figure.

Climate commitment

Company-reported, science-based target: cut absolute greenhouse gas emissions 25% by 2030 against a 2015 baseline across the full value chain (Scope 1, 2, and 3), with a stated ambition of net-zero emissions by 2050. Packaging and ingredient supply chains are material contributors to the Scope 3 figure.

Scope limitation

TRI parent-name matching only reaches U.S. facilities filed under the Coca-Cola corporate name. The large majority of Coca-Cola-system manufacturing waste, water withdrawal, and emissions physically occur inside legally separate bottling partners, and are reported, if at all, in those bottlers' own disclosures, not in The Coca-Cola Company's TRI or SEC filings.

Packaging-focused regulation is the dominant compliance vector; certifications sit mostly on the agricultural and fiber side of the ingredient chain.

Regulatory applicability has not been adjudicated per site, product, or jurisdiction here. This is a watchlist, not a legal conclusion.

Certification families in play

Certificate number, site scope, and current expiry are not verified here. Certification family relevance does not prove an active, in-scope certificate.

Innovation & capacity signals

PlantBottle Reported, since 2009 · up to 30% plant-based PET content

Paper bottle (Paboco) Pilot, tested in select markets since 2021

Enhanced/chemical rPET Partnership signal · expanding food-grade recycled PET supply

Aluminum bottle & cup formats Company described, select markets

Refill/return infrastructure Reported capex commentary · Latin America, Europe, Africa

Each hypothesis connects a public packaging or ingredient signal to a specific transition pathway, ranked by fit given the franchise-bottling structure.

Bottle-to-bottle rPET closed loop

Secure food-grade recycled PET at bottler scale to close the gap to the 2030 recycled-content target.

• Bottler-level offtake commitment
• Food-contact and supply qualification
• Mass balance and delivered cost

Can-to-can aluminum recycling

Aluminum's high recycled content and infinite recyclability make closed-loop can sourcing the fastest available lever.

• Regional scrap and coil supply
• Bottler can-line qualification
• Recycled-content certificate chain

Refill and return system scale-up

Expand returnable glass or refill-PET in bottler territories that already run reverse logistics, rather than building new infrastructure from zero.

• Bottler-by-bottler logistics map
• Consumer return-rate evidence
• Format and washing-line economics

Agricultural residue valorization

Citrus peel and pulp from Minute Maid/Simply processing, and coffee chaff and spent grounds from Costa, are directional residual streams pending processor-level evidence.

• Processor-level volume and consistency
• Feed, compost, or extract-market buyer
• Facility ownership confirmation

The available sources do not connect a named bottler and packaging format to a measured volume, specification, or substitution project.

This brief separates the disclosed record from the evidence still needed. Bring the relevant specification, facility or product-family evidence into the review.