PepsiCo has published its 2020 Sustainability Report, showcasing its continued momentum to create positive change for the planet and people while acknowledging the significant work ahead to address pressing challenges in the food system, such as climate change, fertile topsoil loss, and packaging waste.
“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,” says Ramon Laguarta, PepsiCo chairman and CEO. “This will make us a better company, with purpose more deeply integrated into our business strategy. It will also make us faster and stronger, enabling accelerated growth and continued investment in our people, business, and communities. And we hope it will make us an example, for our partners and our peers.”
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Highlights of the report include:
- Sustainably sourcing 100% of its direct commodities in 28 countries, with nearly 87% of direct commodities sustainably sourced globally as of 2020
- Announcing a new Positive Agriculture ambition that aims to spread regenerative practices across 7 million acres, improve the livelihoods of more than 250,000 people in its agricultural supply chain, and sustainably source 100% of its key ingredients by 2030
- Reducing absolute GHG emissions across its value chain by 5% as of 2020 versus a 2015 baseline
- Improving operational water-use efficiency by 15% in high water-risk areas as of 2020 versus a 2015 baseline
- Offering products made from 100% rPET in 22 markets worldwide
- 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
- Embracing platforms like SodaStream and SodaStream Professional that offer convenient, sustainable options, without single-use packaging
“2020 was a year of challenges and a year of change,” observes Jim Andrew, chief sustainability officer, PepsiCo. “The challenges created by the COVID-19 pandemic impacted every corner of the globe and highlighted the urgent need to partner and drive change toward a more sustainable and resilient food system. I’m proud that PepsiCo rose to the challenge in 2020, and there’s no slowing down PepsiCo’s ambition to drive a positive impact on our planet and the communities we serve.”
