Plastic waste is generally not properly sorted, collected and treated by local government due to lack of working facilities and financial constraints in the Philippines.  As a circular economy strategy, reusable packaging has the potential to reduce the environmental impacts of plastic packaging.  The purpose of this study is to determine the factors to establish the environmental value propositions (EVPs) of the current reusable PET packaging offering of a manufacturing company and their level of attainment in terms of circular economy principles.  The study also aims to recommend a framework to facilitate the evaluation of the EVPs of various packaging materials in the Philippines.  The significant factors which were determined through an environmental impact assessment and were based on the environmental pillar of Sustainable Development Goals (SDG 6, 9, 14) are the following: Proportion of total water resources used, Total Energy and Industry-related GHG emissions over value added, Proportion of terrestrial and marine protected areas.  From this, 14 EVPs were determined.  The level of attainment of the company in terms of these EVPs were verified through t-test.  The multivariate correlations shows that the company have a significant level of attainment in all four circular economy principles. The researcher is recommending the framework which was based on the process conducted throughout the study.  This can be used to assess the environmental impact of plastic packaging, which can then serve as basis to come up with action plans or programs to minimize the negative impacts driven by the result of the assessment.