It said the goal was for one in three of its products sold to be low or no sugar by 2030.
A number of environmental commitments were also announced including a zero landfill campaign, a 35 per cent reduction in carbon footprint and a 20 per cent reduction in water usage by 2030.
Frucor Suntory employs nearly 1000 people across Australia and New Zealand and has a portfolio of more than 30 brands including V, Just Juice, Fresh Up, Sparkling OH and OVI, Gatorade and Pepsi.
The announcements coincide with the 2017 FIZZ conference which kicked off in Auckland yesterday.
The organisation was set up to limit the sale of sugary drinks due to health side-effects.