PURCHASE, N.Y., June 18, 2020 /PRNewswire/ -- PepsiCo, Inc.
(NASDAQ: PEP) today published its 2019 Sustainability Report,
highlighting progress toward its sustainability goals and
reaffirming the company's agenda to help build a more sustainable
food system.
"Today's global environmental and societal pressures are
bringing into sharp focus the need for systemic change," said
Ramon Laguarta, PepsiCo's CEO and
Chairman. "These challenges not only require deeper commitment from
the private sector, they also require demonstrated and sustained
action. As a global food and beverage leader, we have a
responsibility to use our scale and influence to help tackle
long-term challenges, including addressing the threats to our food
system which have been further strained by the unfolding pandemic.
We're making significant progress that I'm very proud of. We know
it will take even more, however. From how we grow food and make
products, to inspiring positive change – we are committed to help
build a better future for people and the planet."
The 2019 Sustainability Report shares progress across the
priority areas where PepsiCo believes it can have the most
meaningful impact: agriculture, water, climate, packaging,
products, and people. Highlights include:
- Delivering Safe Water Access: PepsiCo believes water is a human
right and its philanthropic arm The PepsiCo Foundation has
helped more than 44 million people in underserved communities
around the world gain access to safe water through
distribution, purification and conservation programs since 2006,
far surpassing its goal to reach 25 million by 2025. Building on
the success of these programs, PepsiCo has set an ambitious new
target to reach a total of 100 million people by 2030 and will
focus its near-term work on water distribution, sanitation, and
hygiene programs to bolster public health in the wake of
COVID-19.
- Sourcing Ingredients through More Sustainable and Resilient
Agriculture: On farms around the world, PepsiCo is working to
improve farmer livelihoods, while raising standards for efficient
resource use, environmental consciousness, and worker rights.
Through the company's Sustainable Farming Program (SFP), in
2019, nearly 80% of PepsiCo's farmer-sourced agricultural raw
materials, like potatoes, whole corn, oranges, and oats were
verified as sustainably sourced, meeting the SFP's robust
criteria, progress towards meeting its goal to reach 100% by the
end of 2020.
- Accelerating Climate Action: PepsiCo reduced its absolute GHG
emissions by 6% across its global value chain in 2019.
In April 2020, PepsiCo affirmed
its plans to accelerate action on climate change by signing the
UN's Business Ambition for 1.5°C pledge, joining other leading
companies in committing to set science-based emissions-reduction
targets across its entire value chain, aimed at limiting global
warming to 1.5°C, while also developing a long-term strategy for
achieving net-zero emissions by 2050. This builds on PepsiCo's
announcement earlier in the year that the company is shifting to
100% renewable electricity through a diverse portfolio of solutions
for direct operations in the U.S., its largest market. Nine
countries in PepsiCo's European business operations already use
100% of their electricity from renewable sources.
"As we look to the decade ahead, global efforts to mitigate
climate change and support a more sustainable and inclusive future
are more crucial than ever," said Simon
Lowden, PepsiCo's Chief Sustainability Officer. "From
providing access to safe water in underserved communities, to
working with farmers to grow crops more sustainably, to innovating
around packaging, we remain focused on our long-term agenda. It
will require agility, collective action and collaboration, and as
we think about our approach, we're determined to embrace an
important lesson of COVID-19: The world can mobilize quickly when
working together toward a shared goal. We know building a more
resilient food system is possible, and we'll continue working with
partners around the world to catalyze change for a better
tomorrow."
The all-digital and interactive 2019 Sustainability Report is
accompanied by a summary, highlighting progress against goals, and
other downloadable resources. Detailed information about the
company's current policies and performance related to specific key
issues can be found in a dedicated ESG topics section of the
company's website.
The report and downloadable assets are available here.
Earlier this month, PepsiCo also published its inaugural Human
Rights Report, outlining its commitment, approach, and progress in
advancing respect for human rights. Over the past decade, PepsiCo
has taken targeted action to identify, prevent and address
potential human rights impacts across its value chain. Following
the inaugural report, PepsiCo is committed to regularly reporting
and bringing greater transparency to its progress and work relating
to Human Rights. To read the full PepsiCo Human Rights Report visit
our Human Rights ESG topics page.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion
times a day in more than 200 countries and territories around the
world. PepsiCo generated more than $67
billion in net revenue in 2019, 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
23 brands that generate more than $1
billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in
Convenient Foods and Beverages by Winning with Purpose. "Winning
with Purpose" reflects our ambition to win sustainably in the
marketplace and embed purpose into all aspects of the business. For
more information, visit www.pepsico.com.
Cautionary Statement
This release contains statements reflecting our views about our
future performance that constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are generally identified
through the inclusion of words such as "aim," "anticipate,"
"believe," "drive," "estimate," "expect," "goal," "intend," "may,"
"plan," "project," "strategy," "target" and "will" or similar
statements or variations of such terms and other similar
expressions. Forward-looking statements inherently involve risks
and uncertainties that could cause actual results to differ
materially from those predicted in such statements, including the
impact of the spread of COVID-19; future demand for PepsiCo's
products, as a result of changes in consumer preferences or
otherwise; changes in laws related to the use or disposal of
plastics or other packaging of PepsiCo's products; 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; 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; PepsiCo's ability to grow its business in
developing and emerging markets; uncertain or unfavorable economic
conditions in the countries in which PepsiCo operates; the ability
to protect information systems against, or effectively respond to,
a cybersecurity incident or other disruption; increased costs,
disruption of supply or shortages of raw materials and other
supplies; water scarcity; business disruptions; product
contamination or tampering or issues or concerns with respect to
product quality, safety and integrity; damage to PepsiCo's
reputation or brand image; failure to successfully complete,
integrate or manage acquisitions and joint ventures into PepsiCo's
existing operations or to complete or manage divestitures or
refranchisings; PepsiCo's ability to recruit, hire or retain key
employees or a highly skilled and diverse workforce; loss of, or a
significant reduction in sales to, any key customer; disruption to
the retail landscape, including rapid growth in the e-commerce
channel and hard discounters; climate change or legal, regulatory
or market measures to address climate change; potential liabilities
and costs from litigation, claims, legal or regulatory proceedings,
inquiries or investigations; 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.
Press Contact: pepsicomediarelations@pepsico.com
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