PepsiCo

Sustainability Goals

Ongoing Goals

• Achieve 100% sustainably sourced potato, whole corn, oats, oranges, palm oil and sugar cane (achieved 87% sustainably sourced potatoes, whole corn, oats, and oranges; 99% sustainably sourced palm oil; and 100% sustainably sourced cane sugar as of 2019)

2025 Goals

• Achieve sustainably sourced priority raw materials based on business needs (achieved 100% of its direct commodities in 28 countries and nearly 87% of direct commodities globally)
• Improve water use efficiency by 15% in agricultural supply chain (focused on corn & potatoes)
• Improve operational water use efficiency by 25% (achieved 15% in high water-risk areas as of 2020)
• Replenish 100% of the water consumed in manufacturing operations
• Adopt the Alliance for Water Stewardship standard as the vehicle for water advocacy
• Deliver safe water access to 25 million people
• Design 100% of packaging to be recyclable, compostable or biodegradable (achieved 87% as of 2020)
• Increase recycled content in plastics packaging to 25%
• Reduce 35% of virgin plastic use across beverage portfolio
• Invest to increase recycling rates in key markets
• Reduce Added Sugars: ≥67% of beverage portfolio will have ≤100 Calories from added sugars per 12oz. serving 
• Reduce Sodium: ≥75% of foods portfolio will not exceed 1.3 milligrams of sodium per Calorie
• Reduce Saturated Fat: ≥75% of foods portfolio will not exceed 1.1 grams of saturated fat per 100 Calories
• Extend the principles of our Supplier Code of Conduct to all of our franchisees and joint ventures
• Achieve gender parity in management roles (41% of manager positions worldwide are held by women, and men and women earn within 1% of each other as of 2020)
• Invest $100 million to provide 12.5 million women with essential resources for workforce readiness and in programs that empower women in the food system and farming
• Invest $570 million to support Black and Hispanic businesses and communities, and address racial inequality

2030 Goals

• Sustainably source 100% of its key ingredients, thereby improving the livelihoods of more than 250,000 people in its agricultural supply chain
• Eliminate an estimated 3 million tons of GHGs from its supply chain by globally scaling regenerative agriculture practices across 7 million acres.
• Reduce absolute GHG emissions across PepsiCo's value chain by 40% (reduced by 5% as of 2020)
• Source 100% renewable electricity across all company-owned and -controlled operations globally (achieved 100% renewable energy in U.S. direct operations as of 2020)
• Utilize 100% recycled plastic or renewable plastic in all its crisp and chip bags (PepsiCo Europe)
• Increase the percentage of all beverage servings it sells delivered through reusable models to 20% from 10%
• Reduce greenhouse-gas emissions by 25% in their workplaces, hotels, universities, hospitals and restaurants through the initiative known as the Cool Food Pledge
• Replenish more water than it uses and to delivering safe water access to 100 million people as part of its "Net Water Positive" vision

2040 Goals

• Achieve net-zero emissions across its entire franchise and third-party operations
• Source 100% renewable electricity across its entire franchise and third-party operations

Highlights

• At the end of 2022, reduced Scope 1 and Scope 2 emissions by 23% (2015 baseline).
• Improved operational water-use efficiency by 22% in high water-risk areas (2015 baseline), approaching goal of 25% improvement by 2025.
• Replenished approximately 45% of the water used in company-owned manufacturing facilities in high-risk watersheds (approximately 8.7 billion liters).
• More than 90% of grower-sourced crops were sustainably sourced.
• Spread regenerative agriculture practices to more than 900,000 acres globally, more than doubling company’s regenerative agriculture footprint.
• At the end of 2022, set a new global packaging goal to deliver 20% of all beverage servings PepsiCo sells through reusable models by 2030.
• As of 2022, 56% of the company’s beverages portfolio volume in its top 26 beverage markets contained no more than 100 Calories from added sugars per 12oz. serving, progress toward its goal of ≥67% by 2025.
• Ensured access to clean, safe water for more than 80 million people worldwide since 2006, up from 68 million in 2021.
• Increased Black managerial representation to 9.0% in the U.S., and increased Hispanic representation to 10.1%, achieving 2025 goal of 10.0% three years early.
• Globally, 44% of managerial roles were held by women in 2022, up from 43% in 2021.
• Achieved 99% pay parity between men and women.

2024

Reached its 2025 global goal of a 25% improvement in operational water-use efficiency in high water-risk areas. Water saving initiatives included new methods to wash corn, using membrane bioreactor technology to purify process water to drinking-level standards, and recapturing water that evaporates during cooking. (April 2024)

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2023

Zero-Emission Vehicles in Emerging Markets Initiative (ZEV-EMI) — More than 30 major companies have forged collaborative agreements in emerging markets as part of the ZEV-EMI. This public-private action aims to accelerate investments along the zero-emission vehicle (ZEV) value chain in India, then to replicate the model in Mexico and worldwide. The ZEV-EMI partner companies announced (Dec 2023):

• Establishment of a national data-sharing platform for optimizing planning and catalyzing infrastructure investments in India.
• Task forces for a large e-freight pilot deployment in India.
• Launch of ZEV-EMI in Mexico.
• Release of the ZEV-EMI collaboration models & best practices collection

Since the launch of the ZEV-EMI initiative at COP27, more than 30 companies have expressed support for the initiative, including CEF members Amazon, Bloomberg, General Motors, and PepsiCo. (Dec 2023)

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Clean Energy Procurement Academy — This project aims to equip companies with the technical readiness to explore and adopt clean energy. The Academy will combine online and in-person training and educational resources to help accelerate the integration of clean energy into global supply chains (for example, how to boost supply chain companies’ capacity to invest in renewables). This project was initiated through the Clean Energy Buyers Institute and with support from Google.org, and is co-founded by CEF Members by Amazon, Apple, Meta, PepsiCo, and REI; and by Nike. (Oct 2023)

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Regenerating Together (SAI Platform) — This framework offers a “globally aligned definition of regenerative agriculture,” and practical ways for farmers to implement measurable regenerative practices. Over 20 leading Fast-Moving Consumer Goods companies and farmer cooperatives have developed and tested this framework across their global supply chain. And over 170 SAI Platform member companies have committed to the framework, including CEF members Archer Daniels Midland, PepsiCo, and Unilever.

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More than 250 companies and organizations, coordinated by the Global Renewables Alliance, issued an open letter calling on world leaders to agree at COP28 on a global target to triple renewable electricity capacity to at least 11,000 GW by 2030. The companies, representing a market value of more than $12 trillion, include CEF members Amazon, Apple, Google, Microsoft, PepsiCo, Schneider Electric, and Unilever. (Sept 2023)

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Announced it will replace plastic rings on beverage multipacks with recycled paper-based wraps and clips across North America. The company will phase in this change across the U.S. later this year, building on progress in Canada where the transition has already started. (Aug 2023)

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PEPSICO / WALMART — Announced a 7-year collaboration to invest $120 million in regenerative agriculture practices. The companies aim to support U.S. and Canadian farmers to improve soil health and water quality on more than 2 million acres of farmland (more than 800,000 hectares) and deliver approximately 4 million metric tons of greenhouse gas emission reductions and removals by 2030. (July 2023)

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ZEV-EMI and E-FAST — Fifteen companies, including CEF members Amazon and PepsiCo, have come together to advance the electrification of the truck market in India. Under the Zero Emission Vehicles Emerging Markets Initiative (ZEV-EMI) and the Indian government’s Electric Freight Accelerator for Sustainable Transport (E-FAST) these companies will work together to establish favorable market conditions for electric truck deployment under a national task force. This includes aggregating demand, building industrial capacity and financing instruments, planning for large-scale pilot implementation, and supporting policymaking for e-trucks in India. The companies also announced several pilot projects and signaled demand for more than 5,000 electric trucks by 2027, and 7,700 by 2030. (July 2023)

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Ten companies from the food and beverage, apparel, and agriculture sectors, sent a letter to the U.S. House and Senate agriculture committees to use the 2023 Farm Bill to modernize and expand the tools for farmers to access federal conservation programs and resources. The letter emphasizes the need for improved technical assistance for farmers seeking to access voluntary programs and funds, and outlines opportunities to improve this assistance, such as by forming new public-private partnerships and simplifying the application process. It also encourages these improvements being aimed to expand access of farmers of color, small farms, and beginner farmers who have historically struggled to access resources. The letter was organized by Ceres, and signatories included CEF member PepsiCo. (July 2023)

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FRITO-LAY N.A. — The PepsiCo subsidiary announced plans to deploy over 700 electric delivery vehicles in the U.S. by the end of 2023. (May 2023)

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Announced a $216 million multi-year investment in strategic partnership agreements with three farming organizations to drive the adoption of regenerative agriculture practices across the United States. Together, these initiatives should accelerate regenerative practices on more than three million acres and deliver approximately three million metric tons of greenhouse gas emissions reductions and removals by 2030. (March 2023)

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CLOSED LOOP PARTNERS (CLP) — Announced that six leading companies, including CEF members Microsoft, PepsiCo, and Unilever, as well as Nestlé, SK Group, and Starbucks, have invested in Circular Services, the largest privately held recycling company in the U.S., with efforts to bolster recovery rates in packaging and e-waste. This brings total investments to nearly $1 billion (with $700 million initially invested in 2022 by Brookfield Asset Management). (March 2023)

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2022

A coalition of 44 companies wrote a letter to the EU Commission, calling on the Commission to make all new freight trucks zero-emissions by 2035 “to fully replace the fossil-powered fleet in time for the EU to reach climate neutrality by 2050” (with a 5-year exemption for vocational trucks). It also asked to increase the 2030 CO2 reduction target to 65% and add a new 2027 reduction target of 30%. The companies also called on the Commission to finalize targets for charging and refueling infrastructure for heavy-duty vehicles as quickly as possible. CEF members PepsiCo, Siemens, and Unilever are part of the coalition. (Dec 2022)

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Announced a new global packaging goal to double the percentage of all beverage servings it sells delivered through reusable models to 20% by 2030, from its current 10%. PepsiCo aims to do this through expanding its SodaStream business, partnering with bottlers to offer refillable plastic and glass bottles, growing its fountain drinks business with reusable cups, and accelerating growth in powders and concentrates. (Dec 2022)

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Collective Action and Investment in Landscape Initiatives (The Consumer Goods Forum’s Forest Positive Coalition of Action) — This new report advocates for corporate investment in production landscapes worldwide to combat commodity-driven deforestation, forest conversion, and degradation while promoting inclusion and improving the livelihoods of local communities. It shares insights from the experiences of the Coalition’s 21 manufacturer and retailer members, and calls for Coalition members and other companies to invest in initiatives in these landscapes. CEF members PepsiCo, Procter & Gamble, and Unilever are part of this coalition. (Nov 2022)

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The U.S., The Rockefeller Foundation, and the Bezos Earth Fund announced a partnership to create an Energy Transition Accelerator (ETA), a carbon credit system to increase private finance to accelerate the clean energy transition in developing countries. Operating at the scale of national or subnational jurisdictions, the ETA will produce verified greenhouse gas emission reductions, which participating jurisdictions will have the option of issuing as marketable carbon credits. CEF members Bank of America, Microsoft, and PepsiCo, and Standard Chartered Bank have expressed interest in informing the ETA’s development, with decisions on whether to formally participate pending the completion of its design. (Nov 2022)

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More than 330 businesses and financial institutions from 52 countries, with combined revenues of over $1.5 trillion, urged world leaders to move beyond voluntary actions to halt and reverse biodiversity loss in a new statement. The statement advocates for the leaders to adopt “mandatory requirements for all large businesses and financial institutions to assess and disclose their impacts and dependencies on nature by 2030.” CEF Members involved include BASF, Google, International Paper, McKinsey & Co., Microsoft, PepsiCo, Procter & Gamble, Schneider Electric, Tiffany & Co., Unilever, and WM. Businesses can sign the statement here. (Oct 2022)

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Twelve member companies of the Consumer Goods Forum’s Coalition of Action on Plastic Waste published a letter to “express their common interest in the development of credible, safe, and environmentally sound” infrastructure to chemically recycle plastics and “in purchasing commercial volumes of chemically recycled plastic content to incorporate in their packaging portfolio.” CEF member signatories included PepsiCo and Unilever. (Oct 2022)

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Business Coalition for a Global Plastics Treaty — 85 organizations, including global businesses, financial institutions, and NGOs, have announced a common vision for an effective and ambitious Global Treaty to End Plastic Pollution, which is expected to determine the trajectory of the plastic pollution crisis for generations to come. The endorsing organizations agree that the treaty must support progress on a number of key outcomes including:

• The reduction of plastic production and use through a circular economy approach;
• Increased circulation of necessary plastic;
• And the prevention and remediation of hard-to-abate micro- and macro-plastic leakage into the environment.

The coalition was organized by the Ellen MacArthur Foundation and WWF and includes CEF members 3M, Kimberly-Clark, PepsiCo, and Unilever. (Sept 2022)

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NEW CORPORATE COMMITMENTS TO HIRE REFUGEES — 46 companies that are part of the Tent Partnership for Refugees committed to hire 22,725 refugees in full time positions in the U.S., helping to advance the economic and social integration of refugees across the country. This is the most significant set of business commitments in support of refugees on record. CEF member commitments include: Amazon will hire at least 5,000 refugees; Hyatt will hire 500; Marriott International, 1,500; and PepsiCo, 500, all over a three year period. The complete list of commitments is here. (Sept 2022)

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ADM / PEPSICO — Announced a 7.5 year strategic commercial agreement to collaborate on projects that aim to significantly expand regenerative agriculture across their shared North American supply chains. This strategic partnership is expected to reach up to 2 million acres by 2030. By 2030, the companies expect the partnership to eliminate 1.4 million metric tons of greenhouse gases at the farm level and increase value directly for farmers. (Sept 2022)

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Announced the closing of a new $1.25 billion 10-year Green Bond, its second since 2019.  The company will use an amount equivalent to the net proceeds from the offering to invest in key environmental sustainability initiatives that fit within two pillars of its PepsiCo Positive (pep+) agenda that are aligned with the UN Sustainable Development Goals (SDGs): “Positive Agriculture” and “Positive Value Chain.” (July 2022)

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A letter coordinated by the European Corporate Leaders Group has been sent to European Commission President Ursula von der Leyen, reinforcing business support for accelerating Europe's green transition. The letter, signed by 124 businesses—including CEF members Microsoft, PepsiCo, Schneider Electric, and Unilever—comes in the context of the ongoing, destabilizing Russia-Ukraine war, the pending publication of the REPowerEU Plan, and meetings of the G7 energy ministers and European Council. It states, in part, "At the core of the current energy security and price crises sits an overdependence on volatile, imported fossil gas, oil and coal. It is time for all of us to take necessary steps to strengthen Europe’s energy security and resilience by accelerating the green transition." Specifically, the letter calls for the Commission to (May 2022):

• Accelerate measures to reduce energy consumption by households and industries through energy efficiency and circular economy improvements and incentives.
• Accelerate the move away from fossil fuels and towards renewable and fossil-free powered electrification across industry, transport, heating and cooling, and buildings.
• Ensure an inclusive and fair transition process, with clear attention to cost of living and access to work.

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More than 100 large companies and investors made a business case to the U.S. Congress and the Biden Administration last week for ambitious federal action on climate. The collective effort, called LEAD on Climate 2022 and organized by sustainability nonprofit Ceres, attracted participants—including CEF members Amazon, HP Inc, Marriott International, Microsoft, Netflix, PepsiCo, Siemens, and Unilever—that count a total of $1.6 trillion in annual revenue and $4.6 trillion in assets under management, and more than 3 million employees across all 50 states. Through two days of virtual meetings, they asked lawmakers and administration officials to (May 2022):

• Meet the urgency and scale of the climate crisis with ambitious federal investments to accelerate the transition to affordable, secure, domestic clean energy.
• Seize the economic opportunities to lead the world in clean energy manufacturing and deployment to create jobs, spur innovation, strengthen supply chains, and reduce costs and volatility for businesses and consumers. 
• Tackle inequity by targeting climate and clean energy investments in disadvantaged, rural, and frontline energy communities.

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Design For Good — A new global nonprofit alliance of companies and institutions committed to harnessing the power of their design communities to advance the UN Sustainable Development Goals. Founding partners—which include CEF members McKinsey & Company, Microsoft, PepsiCo along with General Mills, Logitech, Nedbank, Nestlé, Philips, and the Royal College of Art—will allow their 5,000+ designers to work together to research, design and develop open-source products and services that measurably advance the UN SDGs. ​​Each year, Design For Good will focus on one UN SDG—with Goal 6 (clean water and sanitation) the focus this inaugural year. The most promising new solutions each year will be awarded funding for accelerated scaling and implementation for global benefit. (April 2022)

Committed to serve more climate-friendly food through the Cool Food Pledge, an initiative involving workplaces, hotels, universities, hospitals and restaurants aiming to cut greenhouse-gas emissions 25% by 2030 (2015 baseline). (April 2022)

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The Consumer Goods Forum’s Plastic Waste Coalition of Action — Released a paper, “Chemical Recycling in a Circular Economy for Plastics,” outlining principles for developing new “credible, safe and environmentally sound” chemical recycling technologies. The paper’s 16 corporate co-authors, including CEF members PepsiCo, P&G, and Unilever, state that chemical recycling could increase packaging recycling rates, including hard-to-recycle plastics. The Coalition also published a new independent (LCA) study demonstrating how chemical recycling of hard-to-recycle plastic waste could reduce the climate impact of plastic when compared to waste-to-energy incineration. (April 2022)

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PEPSICO / SCHNEIDER ELECTRIC (CEF members) — Launched “pep+ REnew,” a first-of-its-kind educational program in the food and beverage industry that will help PepsiCo’s value chain partners accelerate their transition to renewable electricity. Schneider Electric will serve as an independent advisor to assist PepsiCo’s partners with renewable energy purchasing. (April 2022)

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28 COMPANIES COMMIT TO UK HYDROGEN — CEF member PepsiCo is among the 28 manufacturing companies operating within the UK’s industrial decarbonization cluster, HyNet, that have committed to transitioning operations from natural gas to hydrogen. Demonstrations of switching to hydrogen from natural gas within HyNet have already occurred by Pilkington Glass and CEF member Unilever. (April 2022)

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ETHISPHERE’S “WORLD’S MOST ETHICAL COMPANIES®” LIST — Ethisphere released its list of the World’s Most Ethical Companies® in 2022, recognizing 136 companies that “demonstrated a commitment to ethical business practices.” Fourteen companies (including CEF member Apple) are first-time honorees, and six companies (including CEF members Ecolab, International Paper, and PepsiCo) have been recognized all 16 years since the awards’ inception. (March 2022)

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Shareholder advocacy group As You Sow released a report ranking 55 of the largest US companies’ progress in aligning their GHG emission reductions with 1.5°C of warming. Only three companies—CEF members Ecolab, Microsoft, and PepsiCo—received an overall “A” grade, and two—CEF members Alphabet and Apple—received an overall “B” grade, with 84% of companies receiving an overall “D” or “F.” Zero companies received an “A” for GHG target setting. (March 2022)

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Flexible Packaging Initiative — CEF members PepsiCo and Unilever along with Mars, Mondelēz International, and Nestlé founded this new open initiative to accelerate the transition toward a circular economy for flexible packaging across Europe. Participants have pledged to increase investments in flexible plastic packaging and lobby for policies that support the scaling of recycling infrastructure. (March 2022)

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Consumer Goods Forum (CGF) Forest Positive Coalition of Action — Released a new Beef Roadmap for coalition members to address forest degradation and conversion in their beef supply chains. The CEOs of CEF members PepsiCo, Procter & Gamble, and Unilever belong to the coalition. (Feb 2022) 

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Is partnering with UBQ Materials and Ecoboxes to develop a sustainable pallet made from UBQ™ material (a climate-positive, bio-based thermoplastic converted from municipal solid waste), recycled PP resin, and recycled BOPP (a plastic film used in the company's snack packaging). An initial 830 pallets will be manufactured for PepsiCo logistics centers, with plans to scale the solution in Brazil and Latin America. (Feb 2022)

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2021 Benchmarking Study: Trends & Observations (Beverage Industry Environmental Roundtable, BIER) — Analyzes beverage companies’ water, energy, and emissions efficiency, based on facility-level data from 2015, 2017, and 2020 from 14 BIER corporate members and partner contributors. It finds that water, energy, and emissions intensity ratios improved by 7%, 11%, and 17%, respectively, with nearly all facility types showing decreasing resource consumption. CEF member PepsiCo participated in and supported the report. (Feb 2022)

PEPSICO EUROPE — Committed to using 100% recycled plastic or renewable plastic in all its crisp and chip bags by 2030, which could reduce GHG emissions by 40% per ton of packaging material. PepsiCo will also work to build a European circular economy for flexible packaging by switching to new materials that are easier to recycle, investing in infrastructure to boost recycling, and exploring “new life” possibilities for snack bags. (Jan 2022)

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PEPSICO — PepsiCo Beverages North America will invest $35 million with Closed Loop Partners to create the "Closed Loop Local Recycling Fund” to deploy small-scale, modular Materials Recovery Facilities (MRFs) in US communities. The investment seeks to support PepsiCo’s pep+ sustainable packaging goals by boosting recycling in areas with limited or no recycling access, reducing waste, and unlocking a new supply of recycled plastic. (Jan 2022)

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74 companies released a joint statement urging UN Member States meeting at the UN Environment Assembly next month to create a legally binding, international treaty to combat worldwide plastic pollution. Notably, they called for the treaty to: have both upstream and downstream policies (including reducing virgin plastic production), provide robust governance, and align governments, businesses, and civil society under a shared approach. Signatories include CEF members PepsiCo, Procter & Gamble, and Unilever. (Jan 2022)

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2021

CDP “A LIST” — 272 out of nearly 12,000 companies scored by CDP made CDP’s 2021 “A List,” which includes a climate change A List (200 companies), a water security A List (118 companies), and a forests A List (24 companies). The lists recognize companies for their “environmental leadership,” all of which are reducing their value chain emissions and have verified Scope 1 and 2 emissions, SBTi-approved emission-reduction targets, evidence of targets that cover their Scope 3 emissions, “robust governance and oversight of climate issues,” and “rigorous risk management processes.” A record 14 companies received Triple A scores for their work across all three themes, including: Danone, Firmenich, Fuji Oil Holdings, CEF member HP, International Flavors & Fragrances, KAO Corporation, Klabin, Lenzing, L’Oréal, Metsä Board Corporation, Mondi, Philip Morris International, Syrmise, and CEF member Unilever. Additional CEF members on the A Lists include: Ecolab (water security), Ford (climate change, water security), General Motors (water security), HPE (water security), Microsoft (climate change, water security), PepsiCo (forests), Samsung (water security), Schneider Electric (climate change), Visa (climate change). (Dec 2021)

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Reuters announced its 2021 Responsible Business Awards winners, recognizing companies that are truly having an impact on business, society and the environment, and delivering a new blueprint for business in the 21st Century. The following CEF members were classified as winners in the following categories (Oct 2021):

• Samsung earned the Circular Transition Award
• Trane Technologies earned the Business Transformation Award
• Morgan Stanley earned the Sustainability Trailblazer Award
• PepsiCo was highly commended for the Diversity, Equity & Inclusion Award

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Composting Consortium — A new consortium to pilot composting solutions and create an infrastructure and technologies roadmap that increases the recovery of compostable food scraps and food packaging. Closed Loop Partners’ Center for the Circular Economy is the managing partner. CEF member PepsiCo and the NextGen Consortium (co-founded by CEF member McDonald’s) are founding partners. Advisory partners include CEF member Google and the Sustainable Packaging Coalition (which includes CEF members 3M, Amazon, BASF, Dow, ExxonMobil, HP Inc., Kimberly-Clark, McDonald’s, Microsoft, PepsiCo, Procter & Gamble, Sealed Air, Unilever, and Waste Management). (Nov 2021)
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The U.S. and the UAE launched the Agriculture Innovation Mission for Climate (AIM for Climate), a joint initiative to mobilize public-private investment and other support for “climate-smart” agriculture and food-systems innovation through 2025. The U.S. plans to mobilize $1 billion of investment by 2025. 31 countries including Brazil and 48 NGO and corporate partners have joined the initiative, including CEF members Bill and Melinda Gates Foundation, BASF, and PepsiCo. (Nov 2021)
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Consumer Goods Forum (CGF) Forest Positive Coalition of Action — Launched the first phase of its strategy to collectively drive forest-positive change in areas equal to the size of its combined production-base footprint by 2030. All members of the CEO-led coalition committed to investing annually through 2023 in at least one program from its Portfolio of Landscape Initiatives, which cover the production of palm oil, soy, paper, pulp and fiber-based packaging, and beef. CEF members PepsiCo, Procter & Gamble, and Unilever belong to the coalition. (Nov 2021)
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TERRA CARTA SEAL RECIPIENTS — HRH The Prince of Wales’ initiative and Corporate Knights awarded their inaugural “Terra Carta Seal” to 45 companies that are putting “Nature, People and Planet at the heart of” economic value creation. All recipients have aligned with the Terra Carta charter, committed to achieving net zero by 2050 or halving GHG emissions by 2035, and committed to standardizing their reporting metrics. Recipients include CEF members Amazon, Bank of America, Hewlett Packard Enterprise, HP Inc., PepsiCo, Trane Technologies, and Unilever. (Nov 2021)
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Ceres published Feeding Ourselves Thirsty, a benchmarking report evaluating how 38 food companies in 4 industries—agricultural products, beverages, meat, and packaged foods—are responding to water risks. The average overall score was 45 points (out of 100), with the highest scores occurring in the Packaged Food (54-point average) and Beverage sectors (53-point avg.), followed by the Agricultural Products (43-point avg) and Meat sectors (18-point avg). CEF members Unilever and PepsiCo ranked as top 10 performers. (Nov 2021)
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The Department of Energy (DOE) released a progress update on its Better Plants program, which aims to decarbonize the industrial sector. Over 250 manufacturers and water utilities have participated in the program and cumulatively saved $9.3 billion in energy costs and over 1.9 quadrillion BTUs of energy—more energy than Wisconsin uses annually. Program partners include CEF members 3M, Dow, Ford, General Electric, General Motors, International Paper, Johnson & Johnson, Lockheed Martin, PepsiCo, Procter & Gamble, and Schneider Electric. (Oct 2021)
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The CEOs of over 1,000 companies with a combined $4.7 trillion in annual revenue sent an open letter to all heads of state ahead of the UN Convention on Biological Diversity (COP15), urging them to adopt a concrete commitment to reverse nature loss by 2030. They said the July 2021 draft plan for a Post-2020 Global Biodiversity Framework “lacks the ambition and specificity required to drive the urgent action needed.” Signatories include the CEOs of CEF members BASF, Google, International Paper, McKinsey & Co., Microsoft, PepsiCo, Procter & Gamble, Schneider Electric, Tiffany & Co., Unilever, and Waste Management. (Oct 2021)
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Over 600 companies representing more than $2.5 trillion in revenue wrote an open letter urging G20 nations to end support for coal power and “go all-in” on a commitment to halve global emissions by 2030. They called for an immediate end to new coal-power financing and development, as well as a phase-out of coal-fired power generation for advanced economies by 2030 and for other countries by 2040. The letter was published through the We Mean Business coalition, and signatories include CEF members Hewlett Packard Enterprise, PepsiCo, Schneider Electric, and Unilever. (Oct 2021)
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Consumer Goods Forum (CGF) Forest Positive Coalition of Action — The CEO-led coalition representing 20 companies with a collective market value of over $1.8 trillion (launched in 2020) issued its first annual report, which includes a new set of 3 member-aligned KPIs for driving toward a forest-positive future that are set against the coalition’s commodity-specific roadmaps. The companies—which include CEF members PepsiCo, Procter & Gamble, and Unilever—also shared in the report their individual and collective progress in publicly reporting on those KPIs. (Sept 2021)
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Announced “pep+” (“pep Positive”), a new end-to-end transformation strategy to drive sustainable, long-term value across 3 pillars: (1) Positive Agriculture, (2) Positive Value Chain, and (3) Positive Choices. It also announced new 2030 goals including cutting virgin plastic by 50% per serving across its global food and beverage portfolio, using 50% recycled content in its plastic packaging, and scaling its SodaStream business globally. (Sept 2021)
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The U.K.-based HyNet Industrial Fuel Switching project successfully completed what it claims is the world’s first large-scale demonstration of sheet glass produced with 100% hydrogen. Led by Progressive Energy, the project’s private-sector partners include Cargill, PepsiCo, and Unilever. (Aug 2021)
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Committed, as part of its "Net Water Positive" vision, to replenishing more water than it uses and to delivering safe water access to 100 million people by 2030. Interim plans include adopting the Alliance for Water Stewardship Standard in all high-water risk areas where it operates by 2025 and boosting the water-use efficiency standard at over 1,000 company-owned sites in high-risk watersheds. (Aug 2021)
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The Recycling Partnership will open for public comment its “Pathway to Circularity Recyclability Framework” from August 19 to September 17, “a first of its kind opportunity for the entire recycling value chain and other stakeholders to shape the future of recyclability.” Developed in collaboration with 35 influential companies—including CEF members Waste Management, Johnson & Johnson, and PepsiCo—the Framework defines 5 criteria for transforming packaging recyclability. (Aug 2021)
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Over 150 companies that belong to the Business for Voting Rights Group, including CEF members Amazon, Apple, Cisco, Facebook, Google, HP, Microsoft, PepsiCo, and Unilever, sent a letter to U.S. lawmakers urging them to reintroduce and pass the John Lewis Voting Rights Advancement Act, which would help prevent voting discrimination and establish an improved system for states to report changes to election law. (July 2021)
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The European Commission launched the EU Code of Conduct on Responsible Food Business and Marketing Practices to make healthy, sustainable food options that help reduce the EU’s environmental footprint more available and affordable. The 65 founding signatories include CEF members Archer Daniels Midlands, PepsiCo, and Unilever. (July 2021)
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Green biotech company Carbios successfully produced the world’s first food-grade PET plastic bottles made solely from enzymatically recycled plastic. A Consortium of companies—including PepsiCo, Nestlé Waters, and Suntory Beverage & Food Europe—have successfully manufactured sample bottles and will work to help scale this new sustainable packaging solution. (July 2021)
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RE100 — The RE100 companies, which are committed to 100% renewable electricity, now have an electricity demand greater than that of the U.K. or Italy and are on track to save CO2 emissions equal to burning over 118 million tons of coal per year. RE100 members include CEF Members: 3M, Apple, Bank of America, Bloomberg, Dell Technologies, Ecolab, Facebook, General Motors, Google, Hewlett Packard Enterprise, HP Inc., Johnson & Johnson, JPMorgan Chase & Co., Mastercard, McKinsey & Co., Microsoft, Morgan Stanley, PepsiCo, Procter & Gamble, Siemens AG, TD Bank Group, Trane Technologies, Unilever, and Visa. (July 2021)
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Alliance of CEO Climate Leaders — Formed in 2014 to catalyze bold corporate climate actions, 70 members of the alliance—including CEOs from BASF, HPE, PepsiCo, Siemens, and Unilever—published an open letter to all world leaders ahead of the G7 Summit demanding transformative policy change to enable a net-zero world. Signatories also encouraged governments to work together with the private sector to deliver on shared ambitions “within a clearer and more ambitious policy framework.” (June 2021)
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Flexible Plastic Fund — A new $1.4 million U.K.-based investment fund to make flexible plastic recycling economically viable for recyclers by guaranteeing a minimum value of $142 per ton of recycled product. The long-term goal is to accelerate progress towards a circular flexible plastic recycling market involving household collections. Founders of the fund include Ecosurety, Mars, Mondelēz International, Nestlé, Pepsico, and Unilever. (May 2021)
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Over 80 companies—with combined annual revenue of $1.5 trillion, $341 billion in assets, and over 3 million U.S. employees—called on federal lawmakers to support ambitious climate policy action to address the climate crisis and advance environmental justice as part of the Ceres-led “LEAD on Climate” advocacy day. CEF members participating included Amazon, CBRE, Dell Technologies, Dow, HP Inc., McDonald’s, Microsoft, PepsiCo, Samsung Electronics America, Siemens, and Unilever. (May 2021)
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Second Chance Business Coalition — A cross-sector coalition of 29 large US employers committed to expanding second chance hiring and advancement practices for people with criminal records. Co-chaired by JPMorgan Chase CEO Jamie Dimon and Eaton CEO Craig Arnold, members include Bank of America, Cisco, GM, JPMorgan & Chase, Mastercard, McDonald’s, Microsoft, P&G, PepsiCo, and Visa. (May 2021)

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Launched “PepsiCo BottleLoop,” a new program offering accessible recycling to PepsiCo customers to address logistical challenges and reduce plastic packaging waste. Collected plastic bottles are made into new product packaging, becoming part of a “closed-loop” system and helping to advance PepsiCo’s goal to use 25% recycled plastic content in all plastic packaging by 2025. (May 2021)

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The Climate Pledge — 52 new signatories—including Colgate-Palmolive, Heineken, PepsiCo, and Visa—joined the Climate Pledge, a global commitment to meet the goals of the Paris Agreement 10 years early and achieve net-zero carbon by 2040. Co-founded by Amazon and Global Optimism, it now consists of 105 companies collectively generating $1.4 trillion in annual revenue and employing over 5 million people across 25 industries in 16 countries. (April 2021)

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Committed to globally scaling regenerative agriculture practices across 7 million acres—roughly equal to its entire agricultural footprint—to eliminate an estimated 3 million tons of GHGs from its supply chain by the end of 2030. It also committed to improving the livelihoods of more than 250,000 people in its agricultural supply chain and sustainably sourcing 100% of its key ingredients. (April 2021)

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Supplier Leadership on Climate Transition (Supplier LoCT) — A new coalition—launched by Mars, McCormick, and PepsiCo in partnership with Guidehouse—seeks to encourage and provide suppliers with resources, tools, and the knowledge to develop ambitious carbon reduction strategies. (April 2021)

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Became a founding partner of "AgMission," an initiative to reduce GHG in agriculture led by the Foundation for Food & Agriculture Research (FFAR) and U.S. Farmers & Ranchers in Action (USFRA), and committed $5 million to the initiative. (April 2021)

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Rimba Collective — A new coalition backed by Nestle, PepsiCo, and Procter & Gamble aiming to invest $1 billion in forest conservation projects across Southeast Asia over 25 years. The initiative will fund projects protecting and restoring more than 500,000 hectares (1.2 million acres) of tropical forests in Indonesia and the region. (April 2021)

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FRITO-LAY (PEPSICO) — Announced its manufacturing, warehouse, and distribution facility in Modesto, California reduced absolute GHG emissions by 53%, lowered fleet diesel usage by 78%, and converted to 100% renewable electricity. (April 2021)

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Coalition of Action on Food Safety — A new initiative launched by the Global Food Safety Initiative of the Consumer Goods Forum, which aims to “strengthen and harmonize food safety systems.” The coalition has 33 retailing and manufacturing members, including Danone, Nestlé, PepsiCo, Starbucks, and Unilever. (March 2021)

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Announced it has helped more than 55 million people gain access to safe water globally since 2006 and has catalyzed nearly $700 million in additional funding to support safe water access investments in partnership with leading non-profits worldwide. (March 2021)

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Ethisphere released its 2021 list of the World’s Most Ethical Companies. CEF members recognized include (March 2021):

• 3M
• ADM
• Aptiv
• CBRE
• Dell Technologies
• Ecolab
• General Motors
• HanesBrands
• Hewlett Packard Enterprise
• Honeywell
• HP
• International Paper
• Kaiser Permanente
• Kimberly-Clark
• Mastercard
• Microsoft
• PepsiCo
• VF Corporation
• Visa
• Waste Management

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A major new coalition, “America is All In,” launched to mobilize bold climate ambitions nationally and uphold the federal government’s commitment to climate action—specifically to cut U.S. emissions in half or more by 2030 and reach net-zero by 2050. Co-led by UN Special Climate Envoy Michael Bloomberg, the coalition effectively merges We Are Still In and America’s Pledge and is the most expansive effort ever assembled to support climate action in the U.S., involving U.S. businesses, cities, states, tribal nations, schools, and faith groups, health care organizations, and cultural institutions. Large companies involved include: 3M, Adobe, Amazon, Apple, ADM, Autodesk, BASF, Best Buy, Cargill, Carrier Corporation, The Clorox Company, Coca-Cola, Danone N.A., Dell Technologies, Dow Inc., DSM N.A., DuPont, eBay, Edison International, Facebook, Gap, General Mills, Google, Hewlett Packard Enterprise, HP, Inc., IKEA U.S., Johnson & Johnson, Johnson Controls, Kellogg Company, LafargeHolcim, Levi Strauss & Co., L’Oréal, Mars Incorporated, McDonald’s, Microsoft, Mondelez International, National Grid, Nestle, NIKE, Novozymes, PG&E Corporation, PepsiCo, Salesforce, Siemens, Sony Corporation of America, Starbucks, Steelcase, Target, Tiffany & Co., Trane Technologies, Verizon, VF Corporation, Walmart, and Waste Management. (February 2021)

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PepsiCo will rebrand the controversial Aunt Jemima brand as Pearl Milling Company. The new brand is expected to arrive in market in June 2021. (February 2021)

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MIT partnered with 13 companies to launch the MIT Climate and Sustainability Consortium (MCSC), which will co-create and accelerate shared innovation solutions that address climate change. Inaugural member companies include Accenture, Apple, Boeing, Cargill, Dow, IBM, Inditex, LafargeHolcim, MathWorks, Nexplore, Rand-Whitney Containerboard (a Kraft Group Company), PepsiCo, and Verizon. (February 2021)

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The Renewable Energy Buyers Association (REBA) issued a statement signed by 36 companies — including Amazon, Clorox, Facebook, GM, Google, Johnson & Johnson, McDonald’s, Microsoft, PepsiCo, and Unilever — proposing federal policy priorities to help accelerate the adoption of a customer-centric clean energy transition. Priorities include: 1) expanding and enhancing wholesale energy markets; 2) harmonizing clean-energy procurement and standards; 3) supporting the innovation and commercialization of energy R&D. (January 2021)

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The World Economic Forum launched Partnering for Racial Justice in Business Initiative, a new coalition to build more equitable and just workplaces. Three steps required to join the initiative include: 1) Racial and ethnic equity must be placed on the board’s agenda; 2) Companies must make at least one commitment towards racial and ethnic justice in their organizations; 3) Companies must put a long-term strategy in place towards becoming an anti-racist organization. Founding members include Bank of America, BlackRock, Bloomberg, Cisco Systems, Facebook, Google, HP, Johnson & Johnson, Kaiser Permanente, Mastercard, McKinsey & Company, Microsoft, PepsiCo, Procter & Gamble, Unilever, and UPS. (January 2021)
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PepsiCo and Beyond Meat announced The PLANeT Partnership, a joint venture to develop plant-based snack and beverage products. (January 2021)

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PepsiCo announced new climate goals, including plans to double the reduction of absolute GHG emissions from 20% to at least 40% by 2030, source 100% renewable electricity for global operations by 2030, and achieve net-zero emissions across its entire franchise and third-party operations by 2040. (January 2021)

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2020

PepsiCo will transition to 100% recycled plastic bottles for its Pepsi brand in nine European Union markets by 2022. (December 2020)

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PepsiCo earned the Best ESG Reporting Award and the Best Governance Team of the Year Award by Corporate Secretary Magazine in November 2020.
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PepsiCo released its 2020 Green Bond Report, which provides an update on how the company has used the net proceeds from its first green bond to “make a lasting impact on priorities within its sustainability agenda.” The company allocated approximately $200 million to procure recycled polyethylene terephthalate (rPET) plastic for its beverage packaging, more than $110 million to transition the company-owned fleet to lower-carbon models, $98 million to build a green R&D facility in New York, and $9 million to improve water-use efficiency at its plants. (October 2020)

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PepsiCo set a target to source 100% renewable electricity across all company-owned and -controlled operations globally by 2030, with plans to achieve this across its entire franchise and third-party operations by 2040. (September 2020)

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A group of 17 global consumer goods brands, retailers and manufacturers — including General Mills, PepsiCo, Procter & Gamble, Unilever, and Walmart — have joined the Forest Positive Coalition of Action, an initiative to “engage and collaborate with producers, suppliers and traders, as well as governments and civil society, to advocate for forest positive solutions.” The coalition is led by The Consumer Goods Forum. (September 2020)

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A group of more than 300 businesses — including Dow, Microsoft, PepsiCo, Tiffany & Co., Trane Technologies, VF Corporation, and Visa — have called on U.S. Congress to “build back a better economy by infusing resilient, long-term climate solutions into future economic recovery plans.” The effort was organized by Ceres and other partner organizations. (May 2020)

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PepsiCo subsidiary SodaStream committed to prevent the use of nearly 67 billion single-use plastic bottles by 2025. The company also announced plans to switch all of its flavors from plastic to metal bottles, which is expected to avoid an additional 200 million single-use plastic bottles by 2025. (April 2020)

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PepsiCo committed more than $1 million to provide nutritious meals to out-of-school students and at-risk families across the United States. (March 2020)

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Included on Ethisphere 2020 list of the World’s Most Ethical Companies, after being included in 2019 as well. (March 2020)

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PepsiCo announced plans to achieve 100% renewable electricity for its U.S. direct operations this year. This shift to 100% renewable electricity in the U.S. is expected to reduce the company’s Scope 1 and 2 GHG emissions by 20% this year, compared to 2015 levels. (Jan 2020)

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2019

Joined CEOs from over 70 companies and union leaders, representing 12.5 million workers, in signing a joint statement calling for the United States to stay in the Paris Agreement. (Dec 2019)

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Joined a group of U.S. beverage companies to co-launch the “Every Bottle Back” initiative, a new effort to invest $400 million to improve sorting, processing and collection of discarded plastic bottles in four key U.S. regions, reduce the use of virgin plastic in the U.S., and more. (Nov 2019)

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PepsiCo has priced its first Green Bond at $1 billion. The company will use proceeds from the $1 billion offering to boost action on carbon emissions, clean water access, and plastic waste. (Oct 2019)

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PepsiCo and The Coca-Cola Company have ended their membership with the Plastics Industry Association due to the organization’s lobbying efforts to prohibit plastic bans across the United States. (July 2019) 

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Joined a group of companies in pledging to support green chemistry firm Carbios' enzyme-based enhanced recycling technology. The technology uses “highly specific enzymes that can recycle much broader PET plastics and polyester fibers feedstock than other recycling technologies.” (May 2019)

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PepsiCo Latin America launched Recycling with Purpose, a platform designed to encourage consumers to recycle by allowing them to exchange their plastic materials for a virtual currency, which can be used to earn discounts on a variety of products and services. The platform will expand to 10 countries in Latin America over the next two years and will provide recycling awareness to almost 1 million people in 2019 through social media across 7 countries. (March 2019)

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Joined Terracycle as a program partner for Loop, a new program that “enables consumers to responsibly consume a variety of products in customized, brand-specific durable packaging that is collected, cleaned, refilled and reused.” (Jan 2019)

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