PepsiCo's New ESG Summary Shows Progress Toward Industry-Leading Goals
PepsiCo, Inc. released its first ESG Summary since launching pep+, a strategic end-to-end business transformation that prioritizes sustainability and human capital. The 2021 ESG Summary focuses on how PepsiCo is leveraging its brands, people, and scale to chart a new course for positive action for the planet and people.
Pep+ is ingrained in every aspect of PepsiCo's operations, and the 2021 ESG Summary details initial progress and real-world examples across three pillars: Positive Agriculture, Positive Value Chain, and Positive Choices. Among the highlights are:
Aided in the spread of regenerative agriculture practices across more than 345,000 acres, moving the company closer to its goal of seven million acres, or the approximate equivalent of PepsiCo's agricultural footprint, by 2030.
Supported the livelihoods of female farmers and rural communities in the Dominican Republic, Ecuador, and Guatemala through initiatives such as the $20 million USAID partnership to develop women-led enterprises and the $2 million Next Generation Agriculture Fund with the Inter-American Development Bank (IADB) to demonstrate the impact of gender-smart solutions along our agricultural supply chains. These initiatives are the first steps toward a new pep+ goal of improving the livelihoods of more than 250,000 people in PepsiCo's agricultural supply chain and communities, including economically empowering women.
Reduced Scope 1 and 2 emissions by 25% from a 2015 baseline, with renewables now meeting more than 70% of global electricity needs in direct operations. Scope 3 emissions, which account for 93 percent of the company's emissions, increased by 5%1 from a 2015 baseline in 2021, owing primarily to unprecedented business growth.
Improved operational water-use efficiency in high-risk areas by 18% from a 2015 baseline, compared to a target of 25% by 20252, and replenished 34% of water used in operations to local watersheds3 in 2021--more than 6.1 billion liters of water. Furthermore, PepsiCo has advanced safe water access to more than 68 million people globally since 2006, putting the company more than halfway to its 2030 goal of 100 million people.
In the United States, we increased Black managerial representation to 8.3 percent and Hispanic managerial representation to 9.5 percent of our 10 percent by 2025 goals for each, and we achieved 43 percent of women in managerial roles, compared to our global goal of 50 percent by 2025. Positive Alternatives
PepsiCo met its saturated fat reduction goal of 75%2 of its convenient foods portfolio4 not exceeding 1.1 grams of saturated fat per 100 calories four years ahead of schedule in 2021. Furthermore, 53% of PepsiCo's beverage portfolio volume now contains less than 100 Calories from added sugars per 12oz. serving5, and 66% of its convenient foods portfolio volume contains less than 1.3 milligrams of sodium per Calorie6.
"PepsiCo's commitment to creating a more sustainable and resilient food system is unwavering, and we are proud of the progress we have made in 2021 toward our new and updated pep+ goals,"
said Jim Andrew, PepsiCo's Chief Sustainability Officer.
"Our goal is to decouple so that our company can grow sustainably while reducing environmental impacts. There is still much work to be done, and we cannot do it alone, so we will continue to invest in action, innovation, and partnerships that will enable us all to realize a more sustainable future in collaboration with our value chain partners, communities, NGOs, and government leaders."
The digital 2021 ESG Summary was created to work in tandem with PepsiCo's ESG Topics A-Z, an ongoing in-depth look at PepsiCo's approach and progress on roughly 50 sustainability-related topics. PepsiCo will continue to publish its ESG Summary annually, in addition to maintaining ongoing transparency in reporting.
Source: Pepsico news