PepsiCo Inc. has published its 2020 Sustainability Report, highlighting continued momentum to create positive change while acknowledging the significant work ahead to address food system challenges such as climate change, fertile topsoil loss, packaging waste and inequality.
The report outlines how during a tumultuous year, PepsiCo advanced its social and sustainability agenda across its supply chain.
“We are working to transform the way we create shared value by operating within planetary boundaries and inspiring positive change for the planet and people,” Ramon Laguarta, PepsiCo’s chairman and CEO, said in a news release. “This will make us a better company, with purpose more deeply integrated into our business strategy. It will also make us faster and stronger, and we hope it will make us an example for our partners and our peers.”
PepsiCo’s sustainability approach targets every stage of its complex value chain, with the company sharing progress in its 2020 Sustainability Report against several key focus areas, including:
- Reducing absolute greenhouse gas emissions across our value chain by 5% as of 2020 compared with 2015;
- Improving operational water-use efficiency by 15% in high water-risk areas as of 2020 compared with 2015;
- Working with The PepsiCo Foundation to invest more than $71 million globally in COVID-19 relief and provide over 145 million meals to those impacted by the pandemic; and
- Announcing plans to transition to 100% renewable electricity globally, after achieving 100% renewable electricity for its U.S. direct operations in 2020. By the end of 2021, 15 countries in PepsiCo’s direct operations are expected to be fully sourcing renewable electricity.
Read the company’s sustainability report here.
