LAHORE – PepsiCo, Inc has announced an ambitious global sustainability agenda designed to foster continued business growth by taking important steps to address environmental, health and social priorities all around the world.
According to an announcement of the company on Monday, the company’s efforts, which focus on creating a healthier relationship between people and food, include specific 2025 goals to continue transforming PepsiCo’s food and beverage product portfolio, contribute to a more sustainable global food system and help make local communities more prosperous.
PepsiCo Chairman and CEO Indra Nooyi said that “to succeed in today’s volatile and changing world, corporations must do three things exceedingly well: focus on delivering strong financial performance, do it in a way that is sustainable over time and be responsive to the needs of society”.
She said that “the first ten years of PepsiCo’s Performance with Purpose journey have demonstrated what is possible when a company does well by also doing good. We have created significant shareholder value, while taking important steps to address environmental, health and social priorities all around the world.
“PepsiCo’s journey is far from complete, and our new goals are designed to build on our progress and broaden our efforts,” Nooyi continued. “We have mapped our plans against the United Nations Sustainable Development Goals, and we believe the steps we are taking will help lift PepsiCo to even greater heights in the years ahead.
The company believes that achieving these goals will enhance its long-term financial performance and returns. Informed by the latest dietary guidelines of the World Health Organization and other authorities, the company will continue to refine its food and beverage choices to meet changing consumer needs by reducing added sugars, saturated fat and sodium levels in its product portfolio.
Under the company’s new goals set for 2025, at least two-thirds of its global beverage portfolio volume will have 100 calories or fewer from added sugars per 12-oz serving. At least three-quarters of its global foods portfolio volume will not exceed 1.1 grams of saturated fat per 100 calories.
At least three-quarters of its global foods portfolio volume will not exceed 1.3 milligrams of sodium per calorie. The rate of sales growth of what the company refers to as Everyday Nutrition products will outpace the rate of sales growth in the balance of PepsiCo’s portfolio.
PepsiCo plans to improve the water-use efficiency of its direct agricultural supply chain by 15% in high-water-risk sourcing areas by 2025.
These savings equate to the same approximate volume of water used in PepsiCo manufacturing operations. It plans to improve the water use efficiency of its direct manufacturing operations by 25% by 2025.
It will reduce absolute greenhouse gas emissions across the company’s value chain by at least 20% by 2030, with a focus on collaborating with suppliers, business partners and customers to reduce emissions related to agriculture, packaging and transportation. It will achieve zero waste to landfill across its direct operations by 2025 and reduce the food waste it generates in its direct operations by 50% by 2025.
It will design 100% of its packaging to be recoverable or recyclable by 2025, while partnering to increase packaging recovery and recycling rates.
