PepsiCo, Inc. (NASDAQ:PEP) today released its 2020 Green Bond Report which provides an update on the allocation of the use of net proceeds from its first ever Green Bond, issued in October 2019 for $1 billion.
As disclosed at issuance, the Green Bond’s net proceeds are to be allocated to investments where PepsiCo believes it can make a lasting impact on priorities within its sustainability agenda, including packaging, decarbonization and water, while advancing several of the UN’s Sustainable Development Goals. PepsiCo was one of the first corporations in the food and beverage industry to issue a Green Bond.
Read full release here.
Published Oct 13, 2020 12pm EDT / 9am PDT / 5pm BST / 6pm CEST