Wednesday, July 19, 2023

News

PepsiCo India releases its 2022 Environmental, Social, and Governance (ESG) Summary India, July 19, 2023: Today, PepsiCo, Inc. (NASDAQ:PEP) published its 2022 Environmental, Social, and Governance (ESG) Summary, sharing the first full year of reporting since the launch of PepsiCo Positive (pep+) in 2021. pep+ is an end-to-end transformation program touching virtually every aspect of PepsiCo’s business – from how ingredients are grown; to how its iconic portfolio of products are made, moved and sold; to what choices are offered to consumers. pep+ is the framework through which all actions on setting and working toward ESG targets are driven. In 2022, the company reported significant progress on its nutrition, agriculture, social (people and communities), water-use efficiency and safe water access goals. PepsiCo continues working toward driving down climate emissions and the use of virgin plastic. PepsiCo reported the following results: For the second year, 75% of its convenient foods portfolio volume[1] did not exceed 1.1 grams of saturated fat per 100 calories PepsiCo initially achieved this goal in 2021, four years ahead of schedule. Further reduced added sugars and sodium in its portfolio of products in 2022 PepsiCo has 56% of its beverage portfolio volume[2] containing less than 100 calories from added sugars per 12-ounce serving, up from 53% in 2021. PepsiCo now has 68% of its convenient foods portfolio volume[3] at or below 1.3 milligrams of sodium per calorie, up from 66% in 2021. More than doubled its regenerative farming footprint in 2022 to greater than 900,000 acres globally PepsiCo has helped farmers become more resilient and has reduced carbon emissions from agriculture by more than 330,000 metric tons – the equivalent of taking more than 73,000 cars off the road for a year. Surpassed the company’s goal to achieve 10% Hispanic representation in U.S. managerial positions PepsiCo has met this goal three years early. Improved water-use efficiency by 22% in operations since 2015 in high water-risk areas[4] PepsiCo is now approaching its 2025 goal of 25%. Provided safe water access to another 12 million people in 2022 PepsiCo has now provided safe water access to more than 80 million people since 2006

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