Suntory PepsiCo Vietnam Beverage (SPVB)

2023

Asia's Best Performing Companies

Suntory PepsiCo Vietnam Beverage (SPVB)

Asia's Best Performing Companies

2023

about Suntory PepsiCo Vietnam Beverage (SPVB)

“Growing for good”

Suntory PepsiCo Vietnam Beverage Co., Ltd illustrates excellence in sustainable development as the leading beverage company in Vietnam.

A strategic alliance between Suntory (Japan) and PepsiCo (USA), Suntory PepsiCo Vietnam Beverage Co., Ltd is Vietnam’s leading beverage company, boasting a portfolio of 13 popular brands such as Pepsi, 7up, Sting, Tea +, and Aquafina. For nearly 3 decades of its operations, Suntory PepsiCo has invested over USD 500 million, with 5 production plants established across the country, 6 sales offices, and more than 3,000 direct employees. The beverage company also tops the list of the best places to work according to a survey by Anphabe.

Suntory PepsiCo believes in “Growing for Good” and constantly pursues its vision of “Giving back to society”. In the last year especially, the beverage company has made outstanding strides in regards to sustainable development, which it considers as the core foundation of its growth and market leadership. With 2022 being a prosperous year for the company, it had garnered numerous accolades for its efforts, including the Top 1 Most Prestigious Non-Alcoholic Beverage Company in Vietnam, Top 3 Best Places to Work in Vietnam (FMCG), Top 100 Sustainable Enterprises by VCCI, Corporate Social Responsibility Champion by AmCham Hanoi, and the Human Resources Strategy Award for Sustainable Development.

Besides being acknowledged for those recognitions, Suntory PepsiCo also has an exceptional track record on its sustainable development activities as illustrated by its Annual Sustainability Report 2022, partnering with the government and other local key stakeholders to build a better Vietnam. The company’s sustainability strategy and goals align with the government’s sustainability directions and commitments, notably its pledge to achieve net-zero greenhouse gas emissions by 2050. As such, Suntory PepsiCo’s sustainability work is focused on several areas, such as positive water impact, greenhouse gas action, sustainable containers and packaging, and health via an improved selection of products across its portfolio.

Equipped with an elaborate sustainability strategy and plans, Suntory PepsiCo has a long history of partnering with local, regional, and regional key stakeholders, leveraging their strengths and networks to make a positive impact. This is coupled with a well-fortified governance structure, including a new ESG Committee, to serve as a bridge in realising all of its sustainability goals that are carried out based on these comprehensive focus areas and diverse programs pertaining to each one.

By the end of 2022, Suntory PepsiCo had reduced their water use by 29% compared to 2015, and reused up to 27% of water from its production activities. The beverage company capitalises on its water-saving technologies and operational optimisation strategies to do so, and also devotes its time into a water educational program for the public called Mizuiku – I love clean water. In regards to CO2, Suntory PepsiCo has been employing various activities to achieve its ambitious target to reduce CO2 emissions from its direct operations by 50% and 30% across its entire value chain by 2030.

As for packaging, the beverage company has achieved 95% of its goal to utilise only recyclable, compostable, or biodegradable packaging by switching to sustainable packaging across various brands, thus reducing the consumption of 1,100 tons of virgin PET plastics and saving 3,470 tons of plastic at the production level. Lastly, the health of its community is also taken into consideration and Suntory PepsiCo has reduced the sugar content across its portfolio of products by introducing new reduced sugar formulations, with several healthier innovations introduced.

With respect to its excellence in sustainable development, Suntory PepsiCo was conferred the award as one of Asia’s Best Performing Companies by ACES. It is evident that the leading beverage company adds significance to its entire value chain in a systematised and robust manner, while also positively leaving an impact on the environment and its surrounding communities.

Eastern Communications’ talent development and career advancement programmes are put in place to determine talents who are ready for next level, leadership roles or critical roles. The organization conducts a Talent Assessment, which determines readiness; and identifies development programs that the incumbent will need to achieve and be successful in the target position.

Shanggari Balakrishnan, Chief Executive Officer, MORS Group

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