PURCHASE, N.Y., Sept. 14, 2017 /PRNewswire/ -- PepsiCo
(NYSE: PEP) today reported progress towards its ambitious
Performance with Purpose 2025 Agenda sustainability goals,
announced last year. The company improved performance against goals
in each of the Agenda's three focus areas – Products, Planet and
People – while returning over $7
billion cash to shareholders during the same year.
In its latest Sustainability Report, released today, PepsiCo
also reasserted its aspiration to deliver sustainable change across
the company, its value chain, the food and beverage industry, and
the wider world through Performance with Purpose.
"Last year, we doubled down on Performance with Purpose, our
vision to deliver top-tier financial results over the long term in
a way that's responsive to the needs of the world around us," said
Indra K. Nooyi, PepsiCo Chairman and CEO. "Since then, we've been
working hard to advance our 2025 Agenda, from making more
nutritious products, to limiting our environmental footprint, to
empowering people and the communities where we do business. As this
year's Report shows, we are making real, meaningful progress all
over the world."
Highlights from PepsiCo's 2016 Sustainability Report
include:
- Products: PepsiCo reduced added sugars, saturated fat and
sodium in its beverage and snacks portfolio volume in 2016,
compared to 2015 baselines[1]. The company also continued to move
its business towards more nutritious products, increasing net
revenue from its Everyday Nutrition portfolio to 27% of the
company's total and delivering more than 260 million servings of
nutritious foods to communities in need.
- Planet: PepsiCo reached one-quarter of its 2025 goal for annual
water replenishment, with approximately 2.7 billion liters locally
replenished in high-water-risk watersheds. It also worked with the
PepsiCo Foundation and partners to reach more than 2 million people
with safe water access in 2016 alone (bringing the total to 11
million people between 2006 and 2016).
- People: Through its expanded Sustainable Farming Initiative,
PepsiCo engaged with farmers who grow 34% of the crops it sources
directly. This program helps growers and their communities get more
out of the work they put in while reducing water usage and
greenhouse gas emissions. In 2016, PepsiCo also increased female
representation among its management to 38% and empowered 6 million
women and girls through investments in local communities (reaching
nearly 50% of its 2025 goal).
While critical progress has been made across the Performance
with Purpose 2025 Agenda goals, Mehmood
Khan, PepsiCo Vice Chairman and Chief Scientific Officer,
Global Research and Development, emphasized that coordinated action
at scale is vital in addressing interrelated challenges in public
health and nutrition, climate change, resource scarcity and human
rights.
"The global food system is at an inflection point," he said.
"The vast network of farmers, traders, processors, suppliers,
manufacturers and retailers that feed our world must embrace
change. This year, I have been inspired by the response to our new
Performance with Purpose goals. We understand that there is much
more to be done to achieve our objectives, but we also know that,
by working together, we will succeed in creating a healthier and
more sustainable future for us all."
PepsiCo has also announced steps to increase transparency and
enhance access to key information regarding Performance with
Purpose and the sustainability issues of importance to its
stakeholders. The company has launched a new, interactive A–Z
Topics on pepsico.com. This replaces the separate Global Reporting
Initiative Report published in previous years and provides easily
navigable and regularly updated information about PepsiCo's
policies, programs, governance and performance against its 2025
Agenda goals.
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.
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
changes in demand for PepsiCo's products, changes in, or failure to
comply with, applicable laws and regulations, imposition or
proposed imposition of new or increased taxes, imposition of
labeling or warning requirements on PepsiCo's products, changes in
law related to packaging and disposal of PepsiCo's products,
PepsiCo's ability to compete effectively and the other factors
discussed in the risk factors section of PepsiCo's 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.
[1] Across PepsiCo's top ten beverage and food
markets globally.
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SOURCE PepsiCo