PURCHASE, N.Y., March 21,
2024 /PRNewswire/ -- PepsiCo today announced that it
reached its 2025 global goal of a 25% improvement in operational
water-use efficiency in high water-risk areas, two years ahead of
schedule1. In addition, the company was recognized
by CDP, the global environmental non-profit, on the 2023 CDP A
List for leadership in corporate transparency and performance on
water security – putting PepsiCo in the top 0.5% of all 21,000
companies CDP scored.
As part of pep+ (PepsiCo Positive) – the company's strategic
end-to-end transformation – PepsiCo will continue working towards
additional water stewardship ambitions, including aiming to be
net water positive by 2030.
"Water is a fundamental human right and yet water insecurity
remains a significant global challenge with billions of people
lacking access to safe water," said Jim
Andrew, Chief Sustainability Officer, PepsiCo. "That's why
good water stewardship is so important and has long been a priority
for PepsiCo and the communities we serve. Our vision is that
wherever in the world we operate, water resources will be in a
better state than before we arrived. And while we're proud to have
achieved this goal in high water-risk areas two years early, we
will continue our unyielding focus on meeting our 2030
ambitions."
PepsiCo saved billions of liters of water through several
initiatives that contributed to reaching this goal. Crucial to
these efforts were innovative technologies and shared best
practices that were scaled globally through programs such as
PepsiCo's in-house Resource Conservation Program and teams.
Examples include:
- Scaling a new approach to how we wash corn when making food
products such as Tostitos, Fritos and Doritos to more than 100
global manufacturing lines within a year, with potential to
save more than 640 million liters of water annually.
- Implementing membrane bioreactor technology at 21
manufacturing sites globally, including 14 in high water-risk
areas, to purify process water to drinking-level standards for
reuse in operations, allowing a site to reduce its freshwater
demand by an average of 70%.
- Taking the water that's naturally found in potatoes and using
it to help run food manufacturing facilities. Implemented at sites
in India, Mexico, Poland and Thailand, this innovative technology developed
by PepsiCo Research & Development teams captures and treats
vapor that is released by potatoes when they are cooked for
products such as Lay's and converts it to drinkable water that is
used to help run manufacturing facilities. This process can save
a single site up to 60 million liters of water per year.
To learn more about PepsiCo's water goals and progress, visit
PepsiCo's ESG Topics A-Z.
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 $91
billion in net revenue in 2023, 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.
Guiding PepsiCo is our vision to Be the Global Leader in
Beverages and Convenient Foods by Winning with pep+ (PepsiCo
Positive). pep+ is our strategic end-to-end transformation that
puts sustainability and human capital 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 www.pepsico.com, and follow on X (Twitter),
Instagram, Facebook, and LinkedIn @PepsiCo.
Cautionary Statement
This release contains statements that constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are generally
identified through the inclusion of words such as "aim,"
"ambition," "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 damage to PepsiCo's reputation or brand image; water
scarcity; disruption of PepsiCo's manufacturing operations or
supply chain, including continued increased commodity, packaging,
transportation, labor and other input costs; and climate change or
measures to address climate change and other sustainability
matters. 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 statement, whether as a result of new information,
future events or otherwise.
1 Based on 2023 data versus a 2015 baseline.
Contact: pepsicomediarelations@pepsico.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/pepsico-reaches-2025-goal-on-water-use-efficiency-in-high-water-risk-areas-two-years-early-302095576.html
SOURCE PepsiCo, Inc.