PepsiCo, Inc. has released its 2020 Green Bond Report, which details the allocation of net proceeds from its $1 billion Green Bond, which was issued last year. During 2019, $447 million of the net proceeds from the Green Bond were allocated, including:
- Approximately $200 million to procure recycled polyethylene terephthalate (rPET) plastic for the company’s North American beverage packaging, avoiding approximately 210,000 metric tons of greenhouse gas emissions
- Over $110 million to help transition the company-owned fleet to lower-carbon models
- $98 million to build a green R&D facility in Valhalla, New York, featuring 681 solar panels, among other innovations
- $9 million to improve water-use efficiency in the company’s plants.
See it Live at PACK EXPO Connects Nov. 9-13: Benefits of Spiral Conveyors for Food and Beverage, by Ryson International Inc. Preview the Showroom Here.
PACK EXPO Connects Jumpstart
Diversity and inclusion is an important part of success in manufacturing. From STEM education to thoughtful packaging, learn how one engineer at General Mills is influencing change at the CPG and across the industry. PACK EXPO Connects Jumpstart morning show. Tuesday Nov. 10th at 9:00 a.m. CT. More info here