PURCHASE, N.Y., Sept. 24, 2019 /PRNewswire/ -- PepsiCo Inc.
(NASDAQ:PEP) today published its 2018 Sustainability Report,
outlining the company's progress against its sustainability goals
and announcing a new purpose behind its sustainability agenda: to
help build a more sustainable food system.
"As a global food and beverage leader whose products are enjoyed
by consumers more than one billion times a day and that operates an
agricultural supply chain touching 60 nations, we undoubtedly have
a role to play in addressing the challenges of the modern food
system, from climate change and resource scarcity, to packaging
waste and income inequality," said Ramon
Laguarta, PepsiCo's CEO and Chairman. "As we strive to use
our global scale for good, we are deeply committed to accelerating
progress in our sustainability agenda."
PepsiCo's effort to help build a more sustainable food system
represents a key element of the company's broader vision of
accelerated, sustainable growth known as Winning with Purpose. As
part of Winning with Purpose, PepsiCo is striving to be a better
company by further integrating purpose into the core of its
business and brands and doing even more for people and the
planet.
PepsiCo's 2018 Sustainability Report highlights progress and
goals in six priority areas where the company believes it
can best make a contribution to building a more sustainable food
system:
- Agriculture: By working to source ingredients through
more sustainable and resilient agriculture, PepsiCo is raising
standards for efficient use of resources, environmental
consciousness and worker rights on farms around the world. By the
end of 2018, more than half of PepsiCo's direct farmer-sourced
agricultural raw materials, such as potatoes, whole corn, oats and
oranges, were verified as sustainably sourced through its
Sustainable Farming Program. The company continues working toward
its target to reach 100% by the end of 2020. Already, 100% of the
chips in the North American Frito-Lay portfolio, including Lay's®
and Ruffles®, were made from sustainably sourced North American
potatoes.
- Water: Working to be an even more responsible steward of
water across its value chain, PepsiCo is focused on improving
water-use efficiency in high water-risk farming and manufacturing
operations and on replenishing 100% of the water it consumes in
manufacturing in high water-risk areas by 2025. The company focuses
on using its scale and expertise to advocate for policies and
practices that protect local watersheds. Additionally, in 2018, the
PepsiCo Foundation helped provide safe water access to over 6
million people—boosting the total number of beneficiaries to 22
million since 2006.
- Packaging: PepsiCo recently announced a new target to
reduce 35% of virgin plastic content across its beverage portfolio
by 2025. The company also aims to use 25% recycled content in its
plastic packaging by 2025 and 50% recycled content in its plastic
bottles in the European Union by 2030. Beginning next year,
LIFEWTR® will be packaged in 100% recycled plastic bottles in the
U.S. and bubly™ will be packaged exclusively in aluminium.
Additionally, by continuing to advance its "Beyond the Bottle"
strategy, most notably through its SodaStream® business, the
company estimates 67 billion single-use plastic bottles will be
avoided through 2025.
- Products: PepsiCo continues to improve the choices it
offers consumers by reducing added sugars, sodium and saturated
fat, and expanding its product portfolio with new innovations and
acquisitions based on nutritious ingredients. In the U.S. alone,
PepsiCo has nearly 500 beverage choices with 100 Calories or less
per 12 oz. serving, and in 2018 and early 2019 added brands like
Bare Snacks® and Cytosport (makers of Muscle Milk© and EVOLVE®
Protein) to its portfolio.
- Climate: PepsiCo has set a goal to reduce absolute
greenhouse gas emissions across its value chain by 20% by 2030,
from a 2015 baseline. In 2018, PepsiCo reduced Scope 3 emissions
(outside the company's direct operations) by approximately 2.2
million metric tons, in addition to decreasing Scope 1 and 2
emissions by 6.4% within its direct operations. From promoting
climate-friendly agricultural practices and expanding its fleet of
low-carbon vehicles, to expanding its use of renewable energy in
its manufacturing operations, PepsiCo is driving down emissions
throughout its value chain to mitigate the impact of climate
change.
- People: As part of its ongoing commitment to increase
the earnings potential of women around the world, PepsiCo and the
PepsiCo Foundation have invested $27.3
million since 2016 to support initiatives that benefit women
in communities where it operates. Women currently comprise 40
percent of PepsiCo managers globally.
Laguarta continued: "I'm proud of our significant progress and
the combined efforts of our team, but these efforts are only the
beginning—we still have work to do. Advancing sustainability and
being a more purposeful company will play an essential role in
PepsiCo's future. I firmly believe that business leadership in the
21st century must include a responsibility to our
planet, our communities and future generations."
This year's Report is complemented by a Performance Metrics
Sheet, which briefly outlines PepsiCo's year-over-year progress
against its sustainability goals. More detailed information about
the company's policies and performance related to specific key
issues can be found on the ESG Topics section of its
website.
Visual assets can be downloaded by
visiting https://www.pepsico.com/news/media-resources/media-downloads.
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 $64 billion in net revenue in
2018, 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.
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 changes in 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; 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; business
disruptions; damage to PepsiCo's reputation or brand image; loss
of, or a significant reduction in sales to, any key customer;
disruption to the retail landscape, including rapid growth in hard
discounters and the e-commerce channel; climate change or water
scarcity, or legal, regulatory or market measures to address
climate change or water scarcity; 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.
Media Contact: Nicole Tronolone,
nicole.tronolone@pepsico.com
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SOURCE PepsiCo, Inc.