Pepsi-Cola Products Philippines Inc., (PCPPI) thru its partnership with Plastic Bank, has recovered 13,000 metric tons of plastic waste in 2024 via global bottle deposit program.
The initiative not only ensured compliance with the Extended Producer Responsibility (EPR) Law- a requirement for companies to recover a percentage of the volume of their plastic output- but also empowered waste collectors, engaged local communities and positioned PCPPI as one of the country's most forward-thinking companies in environmental, social and governance (ESG) leadership.
"Plastic Bank partnered with us into thinking beyond compliance. We transformed sustainability into a company-wide mindset that involves every employee, partner and community we touch," said Atty. Carina Bayon, Chief ESG Officer at PCPPI. "This has created real, measurable value across our business and the communities we serve."
Since the partnership launch in 2022, PCPPI has been funding the recovery of plastic equivalent to its entire annual footprint in the Philippines, covering key areas like Cebu, Pampanga, Davao and Muntinlupa. This is after Plastic Bank gave PCPPI access to a scalable plastic recovery infrastructure aligned with the country's evolving environmental policies.
Aside from waste collection, the partnership was also able to help improve the lives of waste collectors and strengthens grassroots partnerships with LGUs through projects like Adopt-a-River and community-based material recovery initiatives.
"PCPPI's corporate responsibility goes beyond compliance and leads by example in uplifting communities across the Philippines while preventing plastic from polluting the environment," said David Katz, Founder and CEO of Plastic Bank. "Together, we're proving that solving the plastic crisis is possible when companies lead with purpose and create prosperity for the people and the planet."
"It's aims to empower," added Atty. Carina Bayon about PCPPI's sustainability model. "The company's workforce has been mobilized as ESG champions through internal campaigns, bottle collection drives and learning sessions with Plastic Bank."
With the appointment of its first Chief ESG Officer in 2023, PCPPI unified its sustainability, compliance, legal and people strategies into one forward-thinking framework. This alignment has led to faster, more impactful decisions and solidified the company's leadership in the ESG space.
PCPPI has also earned recognition from internal ESG forums in Jakarta and Singapore that makes it appealing to sustainability-focused investors and partners.
"The company's transparency and consistency in passing EPR audits are also building consumer trust in a landscape where environmental credibility is increasingly non-negotiable," said Atty. Bayon. "By embedding ESG into our core strategy, PCPPI has proven that environmental responsibility is not just good business, it is good citizenship for the common good."
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