PURCHASE, N.Y., July 7, 2022
/PRNewswire/ -- PepsiCo, Inc. (NASDAQ:PEP) today
published its first Environmental, Social, and Governance (ESG)
Summary since the launch of PepsiCo Positive (pep+), a strategic
end-to-end business transformation with sustainability and human
capital at the center of how the company will create growth and
value. The 2021 ESG Summary – an evolution from PepsiCo's prior
Sustainability Reports – highlights how the company is leveraging
its brands, people and scale to chart a new course to drive
positive action for the planet and people. It also highlights
progress made on industry-leading commitments.
pep+ is embedded in every part of PepsiCo's business and the
2021 ESG Summary details initial progress and real-world examples
across three pillars – Positive Agriculture, Positive Value Chain
and Positive Choices. Highlights include:
Positive Agriculture
- Helped to spread the adoption of regenerative agriculture
practices across more than 345,000 acres –
progress toward its goal of seven million acres, the
approximate equivalent of PepsiCo's agricultural footprint, by
2030.
- Supported the livelihoods of female farmers and rural
communities via initiatives such as the $20 million USAID partnership to develop
women-led enterprises and the $2
million Next Generation Agriculture Fund with the
Inter-American Development Bank (IADB), to demonstrate the impact
of gender-smart solutions along our agricultural supply chains in
Dominican Republic, Ecuador and Guatemala. These programs
mark initial action towards a new pep+ goal to improve the
livelihoods of more than 250,000 people in PepsiCo's agricultural
supply chain and communities, including by economically empowering
women.
Positive Value Chain
- Reduced Scope 1 and 2 emissions by 25 percent from a
2015 baseline, with more than 70 percent of global
electricity needs in direct operations now met by renewable
sources. In 2021, Scope 3 emissions – which account for 93
percent of the company's emissions – increased by 5
percent1 from a 2015 baseline, due largely to
unprecedented business growth.
- Improved operational water-use efficiency by 18 percent
in high water-risk areas from a 2015 baseline, against a target of
25 percent by 20252 and replenished 34 percent of
water used in operations to local watersheds3 in
2021– more than 6.1 billion liters of water. In addition, PepsiCo
continued to advance safe water access globally to more than 68
million people since 2006, putting the company more than
halfway to its 2030 goal of 100 million people.
- In the U.S., increased Black managerial representation to
8.3 percent and Hispanic managerial representation to 9.5
percent of our 10 percent by 2025 goals for each and achieved
43 percent of women in managerial roles against our goal of
50 percent by 2025 globally.
Positive Choices
- Four years ahead of schedule in 2021, PepsiCo attained its
saturated fat reduction goal of 75%2 of its
convenient foods portfolio4 not exceeding 1.1 grams of
saturated fat per 100 Calories. In addition, 53% of PepsiCo's
beverage portfolio volume now has less than 100 Calories from
added sugars per 12oz. serving5 and 66% of its
convenient foods portfolio volume does not exceed 1.3 milligrams
of sodium per Calorie6.
"PepsiCo's commitment and action to create a more sustainable
and resilient food system is unwavering and we are proud of the
progress that we have made in 2021 toward our new and updated pep+
goals," said Jim Andrew, Chief Sustainability Officer,
PepsiCo. "Our aim is to decouple so our business can grow
sustainably, while decreasing environmental impacts. There is still
much more work to be done and we cannot do it alone, so we – in
partnership with our value chain partners, communities, NGOs and
government leaders – will continue investing in action, innovation
and partnerships that enable us all to realize a more sustainable
future."
The digital 2021 ESG Summary was designed to link seamlessly
with PepsiCo's ESG Topics A-Z, an evergreen deep-dive on PepsiCo's
approach and progress for roughly 50 sustainability-related topics.
In addition to ongoing transparency in reporting, PepsiCo will
continue to publish its ESG Summary annually.
This year's Summary and all associated downloadable assets are
available here.
For more information, please
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 $79 billion in net
revenue in 2021, driven by a complementary beverage and convenient
foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade,
Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product
portfolio includes a wide range of enjoyable foods and beverages,
including many iconic brands that generate more than $1
billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in
Beverages and Convenient Foods by Winning with PepsiCo Positive
(pep+). pep+ is our strategic end-to-end transformation that puts
sustainability and human capital at the center of how we will
create value and growth by operating within planetary boundaries
and inspiring positive change for planet and people. 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 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 risks associated with the deadly
conflict in Ukraine; 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; water scarcity; changes in the retail landscape or in
sales to any key customer; disruption of PepsiCo's manufacturing
operations or supply chain, including increased commodity,
packaging, transportation, labor and other input costs; political
or social conditions in the markets where PepsiCo's products are
made, manufactured, distributed or sold; future cyber incidents and
other disruptions of our information systems; failure to
successfully complete or manage strategic transactions; climate
change or measures to address climate change; 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 materials; 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.
1 Where 2021 actual data was not available,
estimated 2021 data was used. Results reflect the exclusion of
Hangzhou Haomusi Food Co., Ltd. (Be & Cheery) and certain Scope
3 emissions for other acquisitions where data is not
available
2 Results reflect the exclusion of
Be & Cheery
3 Results reflect the
exclusion of SodaStream and Be & Cheery
4 Based on
our Top 23 convenient foods markets, which represent 86% of our
global convenient foods volume as of 2021
5 Our global progress is based on our Top 26 beverage markets,
which represent 79% of our global beverages volume as of 2021
6 Our global progress is based on our Top 23 convenient foods
markets, which represent 86% of our global convenient foods volume
as of 2021. Results reflect the exclusion of Be &
Cheery
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SOURCE PepsiCo, Inc.