PepsiCo Meeting Goals Years Ahead of SchedulePepsiCo Meeting Goals Years Ahead of Schedule
Company meets saturated fat reduction goal 4 years early
July 11, 2022
PepsiCo Inc. 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 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:
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 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% from a 2015 baseline, with more than 70% of global electricity needs in direct operations now met by renewable sources. In 2021, Scope 3 emissions – which account for 93% of the company's emissions – increased by 5% from a 2015 baseline, due largely to unprecedented business growth.
Improved operational water-use efficiency by 18% in high water-risk areas from a 2015 baseline, against a target of 25% by 2025 and replenished 34% of water used in operations to local watersheds in 2021 – more than 6.1 billion lof 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 US, increased Black managerial representation to 8.3% and Hispanic managerial representation to 9.5% of a 10% goal by 2025 goals for each and achieved 43% of women in managerial roles against a goal of 50% by 2025 globally.
Four years ahead of schedule in 2021, PepsiCo attained its saturated fat reduction goal of 75% of its convenient foods portfolio not exceeding 1.1 g 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 12-oz serving and 66% of its convenient foods portfolio volume does not exceed 1.3 mg of sodium per calorie.
"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.
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