PURCHASE, N.Y., June 29, 2021 /PRNewswire/ -- PepsiCo, Inc.
(NASDAQ:PEP) published today its 2020 Sustainability Report,
presenting its continued momentum to create positive change for the
planet and people while acknowledging the significant work ahead to
address pressing challenges in the food system, such as climate
change, fertile topsoil loss, packaging waste and inequality. The
report outlines how during a tumultuous year for consumers,
employees and partners, PepsiCo, one of the world's leading food
and beverage companies, advanced its social and sustainability
agenda across its supply chain.
"We are working to transform the way we create shared value by
operating within planetary boundaries and inspiring positive change
for the planet and people," said Ramon
Laguarta, PepsiCo's Chairman and CEO. "This will make us a
Better company, with purpose more deeply integrated into our
business strategy. It will also make us Faster and Stronger,
enabling accelerated growth and continued investment in our people,
business and communities. And we hope it will make us an example,
for our partners and our peers."
PepsiCo's sustainability approach targets every stage of its
complex value chain, with the company sharing progress in its 2020
Sustainability Report against several key focus areas, such as:
Rethinking the growth and sourcing of crops, with
highlights including:
- Sustainably sourcing 100% of its direct commodities in 28
countries, with nearly 87% of direct commodities sustainably
sourced globally as of 2020;
- Announcing a new Positive Agriculture ambition that aims to
spread regenerative practices across 7 million acres, improve the
livelihoods of more than 250,000 people in its agricultural supply
chain, and sustainably source 100% of its key ingredients,
including key crops from third parties, by 2030.
Doing business in a sustainable and inclusive way, with
highlights including:
- Reducing absolute GHG emissions across our value chain by 5% as
of 2020 versus a 2015 baseline;
- Improving operational water-use efficiency by 15% in high
water-risk areas as of 2020 versus a 2015 baseline;
- Continuing efforts to help build a world where packaging never
becomes waste, including offering products made from 100% rPET in
22 markets worldwide;
- Working with The PepsiCo Foundation to invest more than
$71 million globally in COVID-19
relief and provide over 145 million meals to those impacted by the
pandemic
- Announcing plans to transition to 100% renewable electricity
globally, after achieving 100% renewable electricity for its U.S.
direct operations in 2020. By the end of 2021, 15 countries in
PepsiCo's direct operations are expected to be fully sourcing
renewable electricity;
- Doubling down on its science-based climate goal by targeting a
reduction of absolute greenhouse gas emissions across its value
chain by more than 40% by 2030 and pledging to reach net-zero
emissions across its global operations by 2040;
- Advancing its $570+ million Racial Equality Journey to elevate
diverse voices within the company, among supply chain partners and
communities, whilst helping to break down longstanding racial
barriers.
Tapping into the power of its brands to encourage
consumers to make positive choices for themselves and the
planet, with highlights including:
- Building on progress in reducing added sugars, sodium, and
saturated fats across its portfolio. As of 2020:
-
- 48% of the PepsiCo beverage portfolio has 100 Calories or less
from added sugars per 12 ounce serving, an improvement of 8
percentage points over the past three years (goal is 67% by
2025).
- 64% of the company's foods portfolio contains 1.3 milligrams or
less of sodium per Calorie, an improvement of 8 percentage points
over the past three years (goal is 75% by 2025).
- 71% of PepsiCo's foods portfolio contains 1.1 grams or less of
saturated fat per 100 Calories, an improvement of 10 percentage
points over the past three years (goal is 75% by 2025).
- Embracing platforms like SodaStream and SodaStream Professional
that offer convenient, sustainable options, without single-use
packaging;
- Expanding its portfolio to meet evolving consumer preferences,
with options like Off The Eaten Path, bare, Hilo Life, Driftwell
and bubly.
"2020 was a year of challenges and a year of change," said
Jim Andrew, Chief Sustainability
Officer, PepsiCo. "The challenges created by the COVID-19 pandemic
impacted every corner of the globe and highlighted the urgent need
to partner and drive change toward a more sustainable and resilient
food system. I'm proud that PepsiCo rose to the challenge in 2020,
and there's no slowing down PepsiCo's ambition to drive a positive
impact on our planet and the communities we serve."
The all-digital and interactive 2020 Sustainability Report
includes a summary, progress against goals and other downloadable
resources. The easy-to-navigate ESG topics section provides
detailed information about the company's current policies and
performance related to specific key issues. The report and
downloadable assets are available here.
For more information, contact:
pepsicomediarelations@pepsico.com
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 $70
billion in net revenue in 2020, driven by a complementary
food and beverage portfolio that includes Frito-Lay, Gatorade,
Pepsi-Cola, Quaker, Tropicana and SodaStream. 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 our business
strategy and brands. 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 COVID-19; future demand for PepsiCo's products; damage to
PepsiCo's reputation or brand image; issues or concerns with
respect to product quality and safety; PepsiCo's ability to compete
effectively; PepsiCo's ability to attract, develop and maintain a
highly skilled and diverse workforce; water scarcity; changes in
the retail landscape or in sales to any key customer; disruption of
PepsiCo's supply chain; political or social conditions 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; changes in economic conditions in
the countries in which PepsiCo operates; future cyber incidents and
other disruptions; failure to successfully complete or manage
strategic transactions; PepsiCo's reliance on third-party service
providers; climate change or measures to address climate change;
strikes or work stoppages; failure to realize benefits from
PepsiCo's productivity initiatives; deterioration in estimates and
underlying assumptions regarding future performance that can result
in an impairment charge; fluctuations or other changes in exchange
rates; any downgrade or potential downgrade of PepsiCo's credit
ratings; imposition or proposed imposition of new or increased
taxes aimed at PepsiCo's products; imposition of limitations on the
marketing or sale of PepsiCo's products; changes in laws and
regulations related to the use or disposal of plastics or other
packaging of PepsiCo's products; failure to comply with personal
data protection and privacy laws; increase in income tax rates,
changes in income tax laws or disagreements with tax authorities;
failure to adequately protect PepsiCo's intellectual property
rights or infringement on intellectual property rights of others;
failure to comply with applicable laws and regulations; and
potential liabilities and costs from litigation, claims, legal or
regulatory proceedings, inquiries or investigations.
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, Inc.