Varun Beverages Ltd 2023 SR
The report highlights Varun Beverages Limited's (VBL) operational and sustainability progress for the 2023 fiscal year. VBL achieved a 13.9% growth in sales volume and a 35.6% increase in net profit. Key environmental achievements include reaching a water usage ratio of 1.54 liters per liter of beverage and recycling 86% of used PET bottles. The company also piloted 100% recycled plastic (rPET) bottles for Pepsi Black. Socially, VBL implemented an ESG-linked incentive framework for employees and expanded its diversity initiatives, including hiring from the transgender community. The report also details the acquisition of BevCo in South Africa to expand its African footprint.
Company: Varun Beverages Ltd
Sector: Manufacturing
Country: India
Year: 2023
Type: SR
Pages: 153
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Varun Beverages Ltd
Sustainability Report
The report highlights Varun Beverages Limited's (VBL) operational and sustainability progress for the 2023 fiscal year. VBL achieved a 13.9% growth in sales volume and a 35.6% increase in net profit. Key environmental achievements include reaching a water usage ratio of 1.54 liters per liter of beverage and recycling 86% of used PET bottles. The company also piloted 100% recycled plastic (rPET) bottles for Pepsi Black. Socially, VBL implemented an ESG-linked incentive framework for employees and expanded its diversity initiatives, including hiring from the transgender community. The report also details the acquisition of BevCo in South Africa to expand its African footprint.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Sep 26, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees