PepsiCo sets new supply chain sustainability targets
PepsiCo sets new supply chain sustainability targets
US food and drinks corporation PepsiCo has published a new sustainability strategy that aims to reduce the company’s environmental impact throughout its supply chain.
Its new targets represent an update to PepsiCo’s “Performance with Purpose” strategy, which was launched a decade ago. The targets are now set for 2025 across a wide range of different areas.
PepsiCo’s Chairperson and CEO, Indra Nooyi, said in a statement: "To succeed in today's volatile and changing world, corporations must do three things exceedingly well: focus on delivering strong financial performance, do it in a way that is sustainable over time and be responsive to the needs of society.”
She went on: "The first ten years of PepsiCo's “Performance with Purpose” journey have demonstrated what is possible when a company does well by also doing good. We have created significant shareholder value while taking important steps to address environmental, health and social priorities all around the world."
Nooyi said that the company’s sustainability efforts are far from complete and that the new targets have been developed with the UN's Sustainable Development Goals in mind.
"Companies like PepsiCo have a tremendous opportunity -- as well as a responsibility -- to not only make a profit but to do so in a way that makes a difference in the world," she added.
The company’s overall strategy covers three “pillars”: helping to improve health and well-being through its products, protecting the planet and empowering people throughout the world.
As part of the “planet” pillar, PepsiCo has promised to improve water-use efficiency in high-water-risk areas across its direct agricultural supply chain by 15 per cent and improve water-use efficiency across its direct manufacturing operations by 25 per cent over the next decade.
The company is also committing to cutting greenhouse gas emissions across its value chain by a minimum of 20 per cent by 2030.
