Ho Chi Minh City, 9 November 2016 - Vietnam Business Council for Sustainable Development (VBCSD) under the Vietnam Chamber of Commerce and Industry (VCCI) has announced the ranking of Top 100 Sustainable Businesses 2016 in Vietnam; in which, Coca-Cola Viet Nam was officially recognized as one of the top sustainable businesses as listed in the ranking.
"Coca-Cola has never been stopped investing into creative and innovative initiatives with the mandate to support our sustainable development goals and creating positive impacts to the community. With high sense of corporate responsibility, Coca-Cola always endeavors to strengthen our position as a social enterprise throughout the supply chain. Applying and sharing expertise in renewable energy solutions, developing environmental protection activities, improving community’s life quality, etc are just some of our quintessential examples for Coca-Cola's commitments. We hope to continuously bring better values to people across Vietnam." - shared Mr. Sanket Ray – Chief Executive Officer of Coca-Cola Viet Nam.
Recognized as a one of the top sustainable businesses in Vietnam, Coca-Cola has met all of the stringent requirement set in Corporate Sustainability Index (CSI) by VCCI which assessed the business’s sustainability in the three scoring factors: Economy, Environment and Society. The achievement has demonstrated the relentless efforts of Coca-Cola Viet Nam in the consistent sustainable development strategy.
“The primary indicators for evaluating sustainable development include stable economic growth; successful implementation of social progress and justice; good natural resources usage and management as well as well protecting and imrpoving the living conditions. The CSI plays as a tool for risk management and faciliates more sustainable operations. The companies recognized in this year’s ranking are truly those who always prioritize their responsibility and persistence in sustainable development, bringing values and benefits to the community”, said Mr. Nguyen Quang Minh, General Secretary of the Vietnam Business Council for Sustainable Development, on the sustainable development orientation of businesses.
Since its decision of investing 300 million USD into Vietnam in 2012, Coca-Cola has constantly invested into three main fields including: production; human capital development, and social programs for improving living conditions, environment and capability for local community. The sustainability initiatives of Coca-Cola are developed on the public-private partnership among enterprises, government and civil society. This pattern is the solid foundation for promoting synergic power to support the successes and enhance the value of businesses.
In production, Coca-Cola has committed to reducing 25% of carbon footprint in the whole production value chain up to 2020. Such significant outcomes are the implementation of PDCA (Plan-Do-Check-Action) in managing the efficiency use of energy, water, materials; the use of recycled and renewable material and fuel, applying the higher water management standards than local regulations. Recently, the company has also signed an MOU to establish partnership with US-AID to promote the use of renewable energy and improving energy efficiency in industries of Vietnam.
With an aim to contribute to the improvement of local human capital, Coca-Cola puts first priority on developing Vietnamese talent and building a high-quality specialists against the global standards. Up to now, Coca-Cola Vietnam recruit about 2,500 employees, 99% of whom are Vietnamese. Within 2016, Coca-Cola organized 18 STEP classes for 404 junior managers and team leaders and 6 LEAP classes for 109 senior managers to enhance the management capability and productivity in the Company.
In terms of social aspect, from 2010 until now, Coca-Cola invested over 5.5 million USD in various community projects in Viet Nam, including: projects to provide fresh water to over 62,000 people in Viet Nam and preserving billions of litres of water in nature; launching 04 EKOCENTERs providing 2 million litres of clean water to 335,000 people, contributing to improve the well-being of thounsands people with over 500 education and regular medical health checkup activities at the centers, as well as improving the economic capability women through business activities at the centers. The company also pursue the objectives to build up a higher competent community in Viet Nam through a various series of experience sharing program to SME community, the youth and women.
For further information, contact:
Mr Nguyen Khoa My
Director – Public Affairs and Communications
Phone: +84 918 010 500
About The Coca-Cola Company:
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, one of the world's most valuable and recognizable brands, our Company's portfolio features 17 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, Vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.9 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system associates. For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo or visit our blog Coca-Cola Unbottled tại www.coca-colablog.com or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.
About Coca-Cola Vietnam:
Coca-Cola is one of the best-known international brands in Vietnam. Coca-Cola Vietnam's factories in Ho Chi Minh, Da Nang and Hanoi recruit about 2,500 employees, 99% of whom are Vietnamese. The Company's portfolio in Vietnam includes Coca-Cola, Coca-Cola Light, Coke Zero, Sprite, Fanta, Minute Maid Nutriboost, Minute Maid Teppy, Schweppes, Dasani and Aquarius. Coca-Cola Vietnam has considered sustainable development as the core of its business activities which include organizing safe and healthy working environment, setting priority to training employees. Several sustainable development projects were also expressed by detailed goals of energy saving, effective water use and water balance. Coca-Cola continues building sustainable communities in locations where the company operates. From 2010, Coca-Cola has invested more than USD 5.5m in community projects in Vietnam, including projects building EKOCENTER, providing clean water, empowering women, supporting families in hardship, and sending disaster relief through Vietnam Red Cross.