Published 7 years ago.
About a 7 minute read.
PepsiCo today announced an ambitious global sustainability agenda designed to foster continued business growth in a way that responds to changing consumer and societal needs. The plan, which focuses on creating a healthier relationship between people and food, includes 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.
These new initiatives continue PepsiCo’s decade-long commitment to delivering Performance with Purpose, a vision launched in 2006 based on the principle that business success is inextricably linked to the sustainability of the world we share.
“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,” said PepsiCo Chairman and CEO Indra Nooyi. “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 plan for the coming decade is focused on three core priorities:
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Across its business and in partnership with others, PepsiCo is taking a holistic approach to achieving progress in all three areas. The company’s plans have been informed by current scientific research, consumer expectations and dialogue with key stakeholders, as well as by the United Nations’ 2030 Agenda for Sustainable Development.
In pursuing these goals, the company’s actions will be consistent with responsible capital allocation, commitment to its financial targets and the creation of shareholder value. The company believes that achieving these goals will enhance its long-term financial performance and returns.
PepsiCo’s ambition is to enable better nutrition at scale by continuing to develop a broader portfolio of food and beverage choices and increasing access to great-tasting, nutritious options.
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.
The company has set the following goals for 2025:
The company also reaffirms its commitment to deliver on its Global Labeling and Responsible Advertising to Children policies. PepsiCo has and will continue to support industry actions in these areas.
PepsiCo’s ambition is to reduce the environmental footprint of the food system through operational efficiencies and mobilization of its suppliers and business partners.
The company supports the Paris Climate Agreement and is focused on reducing its environmental impact while growing its business. It will continue improving the efficiency of its manufacturing and distribution operations while also broadly extending its environmental stewardship efforts across its global value chain.
As part of its efforts, PepsiCo will work to achieve positive water impact; significantly lower its carbon emissions, with significant efforts to reduce emissions related to agriculture and packaging; promote sustainable sourcing of crops; and reduce waste.
“The planet is facing unprecedented challenges that require us to make transformational changes to the way we grow the economy, feed the world and provide dignified employment,” said Dr. Andrew Steer, president and CEO of the World Resources Institute. “I welcome the breadth of PepsiCo’s approach and I urge the company to continue leading on these important issues. PepsiCo’s actions demonstrate how business can serve as an agent of change and enable the type of solutions needed for us to thrive in a resource-constrained world.”
Specifically, PepsiCo plans to:
PepsiCo’s ambition is to empower people and social development across its operations, supply chain and communities.
Building on its support for the United Nations Guiding Principles on Business and Human Rights, PepsiCo is significantly broadening its focus on respecting human rights across the company’s supply chain. In addition, the company is pursuing new initiatives to promote diversity in its global workforce, support the advancement of women, and spur social and economic development in communities 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 said. “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. Companies like PepsiCo have a tremendous opportunity – as well as a responsibility – to not only make a profit, but to do so in a way that makes a difference in the world.”
Published Oct 17, 2016 3pm EDT / 12pm PDT / 8pm BST / 9pm CEST