Mr. Peeyush Sharma, CEO of Coca-Cola Vietnam (middle), receives the recognition for Coca-Cola Vietnam being among the Top 3 most sustainable companies in Vietnam in 2023

For the eighth consecutive year, Coca-Cola has been recognised as one of Vietnam’s most sustainable companies, affirming its sustainability efforts across all their business activities regarding the economy, society and the environment. The recognition underscores Coca-Cola Vietnam’s achievements in meeting the 2023 Corporate Sustainable Index (CSI) with 130 indicators, including 82 indicators related to mandatory legal & compliance requirements, and 48 advanced indicators related to sustainable business initiatives which ensure harmonised benefits for partners, communities and stakeholders.

Coca-Cola Vietnam is recognised as one of Top 5 Pioneering Businesses in implementing circular economy and decarbonization in Vietnam in 2023

Coca-Cola embraces the principles of sustainable development in doing business aligned to the ESG policy. Being recognised as one of the Top 10 sustainable companies in Vietnam is an honour for all of us at Coca-Cola. We are so proud and motivated to continue driving our sustainability programs and activities as we partner towards a better shared future for people, communities and the environment here in Vietnam,” said Peeyush Sharma, CEO, Coca-Cola Beverage Vietnam Limited Company.

Relentlessly working towards “A World Without Waste” vision

In 2018, Coca-Cola committed to a World Without Waste, pledging to collect and recycle the equivalent of every bottle or can sold by 2030, using at least 50% recycled materials in its packaging globally.

To boost consumer awareness of PET plastic bottle recycling, while supporting Vietnam’s circular economy, Coca-Cola recently launched a program, dubbed “Our bottles can have many lives”, in collaboration with Duy Tan Plastic Recycling and VECA, a digital scrap collection application. Throughout its product recycling process in Vietnam, Coca-Cola complies with regulations of extended producer responsibility (EPR) for collecting, recycling and waste management throughout the product life cycle to promote a circular economy for packaging waste, especially plastic packaging.

In May 2023, Coca-Cola marked a year of partnership with The Ocean Cleanup Organization with the release of a short film "River Tales". The collaboration deployed the Interceptor™ river cleaning system on the Can Tho River, reducing plastic waste entering the ocean by 120 tonnes within one year of operation and showcasing the impact of technology and community contributions.

In September 2022, Coca-Cola Vietnam introduced 100 per cent recycled PET bottles (rPET) nationwide for COCA-COLA Original and COCA-COLA Zero Sugar. This initiative is anticipated to enable the company to circumvent the use of approximately 2,000 tonnes of new plastic annually in Vietnam. In 2021, Coca-Cola Vietnam transitioned Sprite packaging to clear PET plastic bottle, to enhance local recycling, adding a “Recycle Me” message on packaging labels across its portfolio in Vietnam to encourage consumer participation.

Additionally, Coca-Cola collaborates with strategic partners, including the Centre for Supporting Green Development (GreenHub), UNESCO, and the Packaging Recycling Organization Vietnam (PRO Vietnam). The partnerships aim to accelerate local collection and recycling initiatives, raising awareness on the benefits of proper waste segregation and recycling for a circular economy in Vietnam.

VCCI and VBCSD leaders visit Coca-Cola’s booth

Sustainability development for the community

Contributing to Vietnam’s socio-economic development, Coca-Cola has created nearly 2,000 local jobs, generating 6 to 8 times more jobs from its supply chain operations spanning over 1.2 million retail partners nationwide. Supported by three operational manufacturing plants, two distribution centres, and an upcoming factory in Long An, the company is set to expand its product portfolio to serve the increasingly diverse consumer needs.

To realize the Sustainable Development Goals, Coca Cola’s activities and initiatives in Vietnam are pegged to six main pillars: Reducing sugar content; Providing clean water to people in 12 provinces nationwide; Sustainable packaging; Building resilience against climate change; Diversity, Equity and Inclusion; and Supporting the Community.

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About Coca-Cola Vietnam

Coca-Cola is among the largest foreign investors in the non-alcoholic beverage industry in Vietnam, providing consumers with high-quality ready-to-drink products. The Company has been operating in Vietnam over the past 29 years through three factories and a nationwide supply chain network. We have created more than 2,000 direct and 20,000 indirect jobs for local residents through our supply chain and have been striving to make a positive contribution to Vietnam’s socio-economic development.

With a vision towards a comprehensive, consumer-oriented beverage company, the company is constantly improving and providing a wide range of quality and diverse products, including low-sugar and sugar-free products, while diversifying models and expanding business coverage across the country. Coca-Cola's beverage brands in Vietnam include Coca-Cola, Coca-Cola Light, Coke Zero, Sprite, Fanta, Minute Maid Nutriboost, Minute Maid Teppy, Schweppes, Dasani, Aquarius, Fuzetea+, Georgia coffee and Thumps Up Charge.

Committed to creating positive values for the communities where it operates, Coca-Cola views sustainable development at the heart of its activities. The company constantly creates sustainable local communities. Since 2010, the company has invested millions of dollars in social projects in Vietnam, including the EKOCENTER initiative, clean water supply programs, women empowerment and supporting local SME, disadvantaged families, natural disaster relief activities. For more details, please visit the website https://www.coca-cola.com/vn/vi