PURCHASE, N.Y., Sept. 15, 2021 /CNW/ --
Strategic
end-to-end transformation to drive sustainable long-term value and
competitive advantage. Three pillars of pep+ drive action
and industry-leading 2030 goals, including:
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1.
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Positive
Agriculture: spreading regenerative practices to restore
the Earth across the company's entire agricultural footprint,
approximately 7 million acres
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2.
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Positive Value
Chain:
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a.
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Achieving Net-Zero
emissions by 2040;
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b.
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Becoming Net Water
Positive; and
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c.
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New goals to
improve packaging sustainability, including reducing virgin plastic
per serving by 50% and bold new goals from Pepsi and Frito-Lay
brands
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3.
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Positive
Choices:
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a.
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Leveraging the
scale and reach of its global brands to drive positive impact at
scale;
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b.
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Evolving its
portfolio into spaces that are better for the planet and people,
including plant-based proteins, nuts & seeds and whole grains;
and
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c.
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Expanding its
SodaStream business, now expected to avoid more than 200 billion
plastic bottles by 2030
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"pep+ is the future of our company – a fundamental
transformation of what we do and how we do it to create growth and
shared value with sustainability and human capital at the center.
It reflects a new business reality, where consumers are becoming
more interested in the future of the planet and society," said
Ramon Laguarta, PepsiCo's Chairman
and CEO. "pep+ will change our brands and how they win in the
market. For example, imagine Lay's will start with a potato grown
sustainably on a regenerative field, and then be cooked and
delivered from a Net-Zero and Net Water Positive supply chain, sold
in a bio-compostable bag, with the lowest sodium levels in the
market. That's a positive choice. That's the best tasting, #1
potato chip of the future. That's how pep+ will be better for
people, for the planet, and for our business. Now, imagine the
scale and impact when applied to all 23 of our billion-dollar
brands."
pep+ drives action and progress across three key pillars,
bringing together a number of industry-leading 2030 goals under a
comprehensive framework:
- Positive Agriculture: PepsiCo is working to spread
regenerative practices to restore the Earth across land equal to
the company's entire agricultural footprint (approximately 7
million acres), sustainably source key crops and ingredients, and
improve the livelihoods of more than 250,000 people in its
agricultural supply chain.
- Positive Value Chain: PepsiCo will help build a circular
and inclusive value chain through actions to:
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- Achieve Net-Zero emissions by 2040;
- Become Net Water Positive by 2030; and
- Introduce more sustainable packaging into the value chain.
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- PepsiCo announced today new goals to cut virgin plastic per
serving by 50% across its global food & beverage portfolio
by 20301, using 50% recycled content in its plastic
packaging and scaling the SodaStream business globally,
an innovative platform that almost entirely eliminates the need for
beverage packaging, among other levers.
- The company will also progress its more than $570 million diversity, equity and inclusion
journey; and
- Today introduced a new global workforce volunteering
program, One Smile at a Time, to encourage, support and
empower each one of its 291,000 employees to make positive impacts
in their local communities.
- Positive Choices: PepsiCo continues to evolve its
portfolio of food & beverage products so that they are better
for the planet and people, including by:
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- Incorporating more diverse ingredients in both new and
existing food products that are better for the planet and/or
deliver nutritional benefits, prioritizing chickpeas, plant-based
proteins and whole grains;
- Expanding its position in the nuts & seeds category,
where PepsiCo is already the global branded leader, including
leadership positions in Mexico,
China and several Western European
markets;
- Accelerating its reduction of added sugars and sodium
through the use of science-based targets across its
portfolio and cooking its food offerings with healthier oils;
and
- Continuing to scale new business models that require little
or no single-use packaging, including its global SodaStream
business – an icon of a Positive Choice and the largest sparkling
water brand in the world by volume. SodaStream, already sold in
more than 40 countries, is bringing PepsiCo flavor options like
Pepsi Zero Sugar, Lipton and bubly
to 23 markets, and its new SodaStream Professional platform
will expand into functional beverages and reach more than 10
additional markets by the end of 2022, part of the brand's
effort to help consumers avoid more than 200 billion plastic
bottles by 2030.
"pep+ directly links the future of our business
with the future of our planet, for the benefit of both – from how
we source ingredients and make and sell our products; to how we
inspire consumers through our iconic brands to make better choices
for themselves and the planet; to how we support communities and
improve livelihoods throughout our supply chain," said Jim Andrew, Chief Sustainability Officer,
PepsiCo. "Take SodaStream, for example. By rapidly expanding the
SodaStream ecosystem, we are meeting the needs of consumers at
home, away from home, and on-the-go. At the same time, we are also
offering consumers positive choices that use less plastic, create
fewer emissions, and are better for people. pep+ is our roadmap to
create the food and drinks people love in a way that helps build
the sustainable future we all must have."
The company's brands across its food & beverage
portfolio are accelerating their efforts to realize PepsiCo's
sustainable packaging vision and leveraging their influence to
educate consumers on recycling and the planetary impacts of their
choices.
- 11 European markets are moving key
Pepsi-branded2 products to 100% rPET
bottles by 2022. PepsiCo estimates that shifting to a 100% rPET
bottle will lower GHG emissions by approximately 30% per
bottle.
- In the U.S., all Pepsi-branded products will be converted to
100% rPET bottles by 2030, with Pepsi Zero Sugar beginning to
be sold in 100% rPET bottles by 2022. The brand is celebrating this
important move to sustainable packaging with a new consumer-centric
platform leveraging fall football and driving recycling awareness,
education and advocacy, which are critical because rPET
availability depends on consumers' commitment to recycling.
- PepsiCo has been investing in breakthrough food packaging
technology and is now introducing a fully compostable
bag made with plant-based materials. Starting with Off The
Eaten Path, one of Frito-Lay's plant-based brands, this
industrially compostable packaging will be available to consumers
in the U.S. at Whole Foods stores beginning this month. Notably,
the company also announced today that it is willing to work with
other companies to license the same technology at no cost given
the importance of creating a circular food packaging
system.
To learn more about the pep+ agenda, please visit
www.pepsico.com/pepsicopositive.
Media Contact:
pepsicomediarelations@pepsico.com
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion
times a day in more than 200 countries and territories around the
world. PepsiCo generated more than $70
billion in net revenue in 2020, driven by a complementary
food and beverage portfolio that includes Frito-Lay, Gatorade,
Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product
portfolio includes a wide range of enjoyable foods and beverages,
including 23 brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Convenient
Foods and Beverages by Winning with Purpose. "Winning with Purpose"
reflects our ambition to win sustainably in the marketplace and
embed purpose into all aspects of our business strategy and brands.
For more information, visit www.pepsico.com.
Cautionary Statement
This release contains statements reflecting our views about our
future performance that constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are generally identified
through the inclusion of words such as "aim," "anticipate,"
"believe," "drive," "estimate," "expect," "goal," "intend," "may,"
"plan," "project," "strategy," "target" and "will" or similar
statements or variations of such terms and other similar
expressions. Forward-looking statements inherently involve risks
and uncertainties that could cause actual results to differ
materially from those predicted in such statements, including the
impact of COVID-19; future demand for PepsiCo's products; damage to
PepsiCo's reputation or brand image; issues or concerns with
respect to product quality and safety; PepsiCo's ability to compete
effectively; water scarcity; changes in the retail landscape or in
sales to any key customer; disruption of PepsiCo's supply chain;
political or social conditions in the markets where PepsiCo's
products are made, manufactured, distributed or sold; future cyber
incidents and other disruptions; climate change or measures to
address climate change; imposition or proposed imposition of new or
increased taxes aimed at PepsiCo's products; imposition of
limitations on the marketing or sale of PepsiCo's products; changes
in laws and regulations related to the use or disposal of plastics
or other packaging of PepsiCo's products; and failure to comply
with applicable laws and regulations; and potential liabilities and
costs from litigation, claims, legal or regulatory proceedings,
inquiries or investigations. For additional information on these
and other factors that could cause PepsiCo's actual results to
materially differ from those set forth herein, please see PepsiCo's
filings with the Securities and Exchange Commission, including its
most recent annual report on Form 10-K and subsequent reports on
Forms 10-Q and 8-K. Investors are cautioned not to place undue
reliance on any such forward-looking statements, which speak only
as of the date they are made. PepsiCo undertakes no obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
1 Against 2020 baseline.
2 Includes Pepsi, Pepsi MAX, Pepsi MAX Lime, Pepsi
MAX without caffeine, Pepsi Light, Pepsi Light without
caffeine.
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SOURCE PepsiCo, Inc.