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PURCHASE, N.Y., July 7, 2022 – PepsiCo, Inc. (NASDAQ:PEP) today published its first Environmental, Social, and Governance (ESG) Summary since the launch of PepsiCo Positive , a strategic end-to-end business transformation with sustainability and human capital at the center of how the company will create growth and value.  The 2021 ESG Summary – an evolution from PepsiCo’s prior Sustainability Reports – highlights how the company is leveraging its brands, people and scale to chart a new course to drive positive action for the planet and people. It also highlights progress made on industry-leading commitments.

PepsiCo Positive is embedded in every part of PepsiCo’s business and the 2021 ESG Summary details initial progress and real-world examples across three pillars – Positive Agriculture, Positive Value Chain and Positive Choices. Highlights for PepsiCo Sub-Saharan Africa include:

Positive Agriculture 

Supported the livelihoods of emerging farmers and rural communities via initiatives such as the Kgodiso Development Fund. The fund will use the R300 million investment budget on initiatives such as the establishment of model farms which will be used to upskill and train emerging farmers on agricultural best practices.

The She Feeds the World (SFtW) programme, funded by the PepsiCo Foundation in partnership with international humanitarian organisation, CARE also supported the livelihoods of rural communities and female farmers. Through the $2million investment in Uganda, SFtW is helping to increase opportunities for women small-scale producers with education, resources and economic support to help increase their crop yields, incomes and access to nutrition locally.

Positive Value Chain

In South Africa, PepsiCo aims to achieve 100 % renewable electricity by 2030 at its manufacturing sites. Approximately three percent of the electricity used at SA manufacturing sites is from solar energy and plans are in place to increase this to eight percent by expanding onsite renewable technology and engaging with Independent Power Producers to source renewable electricity. Pepsico is aggressively expanding solar installations on its sites and is currently busy with installations at five new sites with further installations to follow annually. 

Achieved 31 percent reduction in operational water usage from a 2015 baseline. The company is also  committed to achieving 100% water replenishment in  by 2025 by adopting the Alliance for Water Stewardship Standard.  Pepsico is also fully committed to water replenishment to offset the water use at its operations.  This is done by partnering with third parties such as municipalities and the WWF, and activities include clearing of alien vegetation in high risk water sheds, as well as repairs of water leaks at schools.

PepsiCo is committed to changing the way packaging is made, used, and disposed of across its food system. To this end, in South Africa, the company includes on-pack education about recycling; has introduced 20 % recycled PET (rPET) in its beverage packaging portfolio; replaced plastic straws on the 200ml Ceres juice boxes with biodegradable paper straws – this has been extended to the Liquifruit 250ml and Fruitree 200ml juice boxes. And Spekko Rice has introduced new packaging with 25% less plastic in every bag. These efforts help to advance PepsiCo's vision of a world where plastics never becomes waste.

Positive Choices

Seventy percent of products already comply to sodium targets, 86 percent of products already comply to saturated fat targets and 82 percent of products comply to sugar reduction targets.  Work is being done on the balance of products to work towards overall target compliance.

"PepsiCo’s commitment and action to create a more sustainable and resilient food system is unwavering and we are proud of the progress that we have made in 2021 toward our new and updated PepsiCo Positive goals," said Jim Andrew, Chief Sustainability Officer, PepsiCo. "Our aim is to decouple so our business can grow sustainably, while decreasing environmental impacts. There is still much more work to be done and we cannot do it alone, so we – in partnership with our value chain partners, communities, NGOs and government leaders – will continue investing in action, innovation and partnerships that enable us all to realize a more sustainable future."

The digital 2021 ESG Summary was designed to link seamlessly with PepsiCo’s ESG Topics A-Z, an evergreen deep-dive on PepsiCo’s approach and progress for roughly 50 sustainability-related topics. In addition to ongoing transparency in reporting, PepsiCo will continue to publish its ESG Summary annually.

This year’s Summary and all associated downloadable assets are available here. 

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 $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

In South Africa, the company’s brands include Weet-Bix, Simba, Liqui Fruit, Lay’s, SASKO and White Star.                

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit https://www.ssa.pepsico.africa/.

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 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 risks associated with the deadly conflict in Ukraine; 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 manufacturing operations or supply chain, including increased commodity, packaging, transportation, labor and other input costs; political or social conditions in the markets where PepsiCo's products are made, manufactured, distributed or sold; future cyber incidents and other disruptions of our information systems; failure to successfully complete or manage strategic transactions; 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 materials; 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.