Connect with us

Hi, what are you looking for?

News

Coca-Cola Philippines plans to phase out sachets by 2022

COCA-COLA Philippines plans to ramp up the use of recycled plastic in its products and exit the sachet industry by next year, according to an executive.

“We will be accelerating the use of more recycled plastic in our bottles – also known as rPET bottles – for some of our brands by 2022,” Coca-Cola Philippines President Antonio “Tony” V. Del Rosario, Jr. recently told BusinessWorld through a public relations firm via e-mail.

“Ultimately, our vision is to help reduce the amount of used plastics that end up where it does not belong, whilst offering different packaging options for our consumers. We aspire to ensure that the packaging options we provide are sustainable, reusable, and/or recyclable,” he added.

He said the company began using 100% recycled plastic for its Sprite and Viva! Eco-bottle brands in 2019.

Mr. Del Rosario said Coca-Cola Philippines also plans to “no longer produce” next year the Eight O’Clock powdered juice drink, the firm’s only product that still uses sachets.

“We target to completely phase out and sunset the Eight O’Clock by next year, 2022, which means we will no longer use sachets anywhere in our packaging portfolio in the Philippines,” Mr. Del Rosario said.

Coca-Cola Beverages Philippines, Inc., the local bottling partner of The Coca-Cola Co. (TCCC), earlier announced that it will be exiting the sachet business next year and introduce paper straws in its juice and dairy products in line with environmental efforts.

Last year, Break Free From Plastic, a global network of civil society groups, named TCCC as the world’s “top plastic polluter” in its brand audit, after volunteers found over 13,800 of the firm’s plastics across 51 countries.

“None of us want to see beverage packaging — or any packaging for that matter — end up where it shouldn’t be. As a business, we’re taking holistic actions to tackle plastic waste and be a part of the solution,” Coca-Cola Philippines’ Mr. Del Rosario said.

“We’ve committed to ensuring all of the material we use in our packaging is collected and circular so that none of it ends up as waste, in our rivers or in our oceans,” he added.

TCCC aims to make 100% of its packaging recyclable by 2025, and use at least 50% of recycled material by 2030. — Angelica Y. Yang

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

SM Investments Corp. announces annual stockholders’ meeting on April 26 – BusinessWorld Online ...

News

AyalaLand Logistics Holdings Corp. to conduct annual meeting of stockholders virtually on April 19 – BusinessWorld Online ...

News

Please see below for the Notice of the Annual Stockholders’ Meeting of Premium Leisure Corp. TO ALL STOCKHOLDERS: The Annual Stockholders’ Meeting of Premium...

News

Please see below for the Notice of the Annual Shareholders’ Meeting of Belle Corporation. To all Shareholders: The annual meeting of the shareholders of...

News

PHILIPPINE STAR/MICHAEL VARCAS By Keisha B. Ta-asan, Reporter THE BANGKO Sentral ng Pilipinas (BSP) is likely to pause its current tightening cycle in May,...

News

BW FILE PHOTO THE NATIONAL Government’s (NG) gross borrowings declined by 16.5% as of end-January, the Bureau of the Treasury (BTr) said. Based on...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.