PURCHASE, N.Y., May 11, 2017 /PRNewswire/ -- PepsiCo, Inc.
(NYSE: PEP) today announced that it has signed an agreement
with Partnership for a Healthier America ("PHA") to independently
report and verify the company's progress against previously
outlined goals designed to transform its product portfolio and
offer healthier options.
PepsiCo's goals, which were announced last October and informed
by World Health Organization and other authorities'
guidelines, include a focus on reducing added sugars, saturated fat
and sodium levels. In addition, the company is focused on offering
more positive nutrition such as whole grains, fruit and vegetables,
dairy, protein and hydration, as well as greater access to
nutritious foods and beverages in underserved communities.
The specific goals that PHA will track focus on added sugars,
saturated fat and sodium. By 2025, PepsiCo expects that:
- At least two-thirds of the company's global beverage portfolio
volume sold will have 100 Calories or fewer from added sugars per
12-oz (355 ml) serving.
- At least three-quarters of the company's global foods portfolio
volume sold will not exceed 1.1 grams of saturated fat per 100
Calories.
- At least three-quarters of the company's global foods portfolio
volume sold will not exceed 1.3 milligrams of sodium per
Calorie.
"PepsiCo's continued focus on delivering Performance with
Purpose has fueled our growth and is positioning our company for
future success. We continue to place great emphasis on transforming
our product portfolio to meet changing consumer and societal needs,
and we're proud of the progress we've achieved to date" said
PepsiCo Chairman and CEO Indra
Nooyi. "Our agenda for the next ten years includes ambitious
goals to further improve the nutritional profile of our products
and expand our range of wholesome and nutritious offerings. We are
deeply committed to working to achieve these goals, and we welcome
Partnership for a Healthier America's role in reporting on our
progress."
PHA CEO Lawrence A. Soler added:
"PepsiCo's vision to transform their products to meet consumer
demand for healthier options is a win for the company and a win for
consumers. We look forward to evaluating PepsiCo's progress and
sharing it publicly."
PepsiCo's decade-long commitment to Performance with
Purpose is rooted in the belief that business success is
inextricably linked to the sustainability of the world we
share. In addition to its focus on portfolio transformation
and offering healthier options, as part of this overarching vision,
PepsiCo is also focused on protecting our planet, making the food
system more sustainable and empowering people around the world. For
more information on Performance with Purpose, please visit:
http://www.pepsico.com/purpose/performance-with-purpose.
About PepsiCo
PepsiCo products are enjoyed by
consumers one billion times a day in more than 200 countries and
territories around the world. PepsiCo generated approximately
$63 billion in net revenue in 2016,
driven by a complementary food and beverage portfolio that includes
Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's
product portfolio includes a wide range of enjoyable foods and
beverages, including 22 brands that generate more than $1 billion each in estimated annual retail
sales.
At the heart of PepsiCo is Performance with Purpose – our
fundamental belief that the success of our company is inextricably
linked to the sustainability of the world around us. We believe
that continuously improving the products we sell, operating
responsibly to protect our planet and empowering people around the
world is what enables PepsiCo to run a successful global company
that creates long-term value for society and our shareholders. For
more information, visit www.pepsico.com.
About Partnership for a Healthier America
The
Partnership for a Healthier America (PHA) is devoted to working
with the private sector to ensure the health of our nation's youth
by solving the childhood obesity crisis. In 2010, PHA was created
in conjunction with—but independent from—First Lady Michelle Obama's Let's Move! effort. PHA is a
nonpartisan, nonprofit organization that is led by some of the
nation's most respected health and childhood obesity experts. PHA
brings together public, private and nonprofit leaders to broker
meaningful commitments and develop strategies to end childhood
obesity. Most important, PHA ensures that commitments made are
commitments kept by working with unbiased third parties to monitor
and publicly report on the progress our partners are making. For
more information about PHA, please
visit www.ahealthieramerica.org and follow PHA on Twitter
@PHAnews.
PepsiCo Cautionary Statement
Statements in this release that are "forward-looking statements"
are based on currently available information, operating plans and
projections about future events and trends. Forward-looking
statements inherently involve risks and uncertainties that could
cause actual results to differ materially from those predicted in
any such forward-looking statement. Such risks and uncertainties
include, but are not limited to: changes in demand for PepsiCo's
products, as a result of changes in consumer preferences or
otherwise; changes in, or failure to comply with, applicable laws
and regulations; imposition or proposed imposition of new or
increased taxes aimed at PepsiCo's products; imposition of labeling
or warning requirements on PepsiCo's products; changes in laws
related to packaging and disposal of PepsiCo's products; PepsiCo's
ability to compete effectively; political conditions, civil unrest
or other developments and risks in the markets where PepsiCo's
products are made, manufactured, distributed or sold; the ability
to protect information systems against, or effectively respond to,
a cybersecurity incident or other disruption; damage to PepsiCo's
reputation or brand image; and other factors that may adversely
affect the price of PepsiCo's publicly traded securities and
financial performance.
For additional information on these and other factors that could
cause PepsiCo's actual results to materially differ from those set
forth herein, please see PepsiCo's filings with the Securities and
Exchange Commission, including its most recent annual report on
Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors
are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date they
are made. PepsiCo undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE PepsiCo