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Case study

SDG Engagement Equity Q3 2024 case study

Varun Beverages

Insight
9 October 2024 |
Impact
Indian multinational Varun Beverages is one of the largest bottlers of PepsiCo’s drinks in the world. It has posted revenue growth of more than 20% per annum over the past decade and its solid track record supports expectations of further success.
SDG Engagement Equity Q3 2024 case study

Fast reading

  • Despite having a per capita rate of waste generation below the global average, India has high levels of mismanaged plastic waste and is the highest generator of plastic pollution emissions in the world.
  • The Indian government is to require that 30% of recycled plastic content is used in plastic packaging by 2025-26 (increasing to 60% by 2028-29). Varun has been proactive in this area. It has already committed to recycling 100% of its used PET bottles and has established a target to incorporate 30% recycled-PET into its packaging in India by 2025.
  • The soft drinks sector is self-evidently a water-intensive industry – and India is among the most water-stressed countries in the world. In 2023, 16% of Varun’s production came from seven plants situated in ‘critical’ or ‘over-exploited’ zones. By adapting production processes and investing in water rejuvenation projects the company has the potential to have a positive impact on local communities.

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SDG Engagement Equity Q3 2024 case study

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SDG Engagement Equity Q3 2024 case study

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