PepsiCo’s New ESG Summary Offers First Look at Progress Towards Positive Sector-Leading PepsiCo Goals

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BUY, NY, July 7, 2022 /PRNewswire/ — PepsiCo, Inc. (NASDAQ: PEP) today released its first environmental, social and governance (ESG) summary since launching PepsiCo Positive (pep+), an end-to-end strategic business transformation with sustainability and human capital at the center of how the business will create growth and value. The 2021 ESG Summary – an evolution from PepsiCo’s previous sustainability reports – highlights how the company is leveraging its brands, people and size to chart a new course for action positive for the planet and people. It also highlights progress against key industry commitments.

Summary PepsiCo ESG

pep+ is integrated into all aspects 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 include:

positive farming

Positive value chain

Positive Choices

“PepsiCo’s commitment and action to create a more sustainable and resilient food system is unwavering and we’re proud of the progress we’ve made in 2021 toward our new and updated pep+ goals,” said Jim Andrew, Chief Executive Officer. sustainability at PepsiCo. “Our goal is to decouple so that our business can grow sustainably, while reducing environmental impacts. There is still a lot of work to do and we cannot do it alone, so we – in partnership with our partners in the value chain, community, NGO and government leaders – will continue to invest in the action, innovation and partnerships that enable us all to achieve a more sustainable future.”

The 2021 ESG Digital Summary was designed to seamlessly connect to PepsiCo’s ESG AZ Topics, an in-depth analysis of PepsiCo’s approach and progress on approximately 50 sustainability topics. In addition to ongoing reporting transparency, PepsiCo will continue to publish its ESG Summary annually.

This year’s summary and all associated downloads are available here.

For more information please contact pepsicommediarelations@pepsico.com

About PepsiCo

PepsiCo products are enjoyed by consumers more than a 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 portfolio of convenience foods and beverages 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 each generate over $1 billion in estimated annual retail sales.

Leading PepsiCo is our vision to be the global leader in convenient food and beverage by winning with PepsiCo Positive (pep+). pep+ is our end-to-end strategic 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 the planet and people . For more information, visit www.pepsico.com.

Caution

This release contains statements reflecting our beliefs 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 by the inclusion of words such as “objective”, ” anticipate”, “believe”, “lead”, “estimate”, “expect”, “goal”, “intend”, “may”, “plan”, “project”, “strategy”, ” target” and “will” or similar statements or variations of these 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 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 goodwill; product quality and safety issues or concerns; PepsiCo’s ability to compete effectively; water shortage; changes in the retail landscape or in sales to any key customer; disruption of PepsiCo’s manufacturing or supply chain operations, including increased costs of commodities, packaging, transportation, labor and other inputs; political or social conditions in the markets where PepsiCo’s products are manufactured, produced, distributed or sold; future cyber incidents and other disruptions to our information systems; the inability to complete or manage strategic transactions; climate change or measures to combat climate change; the imposition or proposed imposition of new or increased taxes on PepsiCo’s products; the imposition of limitations on the marketing or sale of PepsiCo’s products; changes in laws and regulations relating to the use or disposal of plastics or other packaging materials; non-compliance with applicable laws and regulations; and potential liabilities and costs arising from litigation, claims, legal or regulatory proceedings, inquiries or investigations. 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 these 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.

1 Where actual 2021 data was not available, estimated 2021 data was used. Results reflect the exclusion of Hangzhou Haomusi Food Co., Ltd. (Be & Cheery) and certain Scope 3 shows for other acquisitions for which data is not available
2 Results reflect exclusion of Be & Cheery
3 Results reflect exclusion of SodaStream and Be & Cheery
4 Based on our top 23 convenience food markets, which account for 86% of our global convenience food volume in 2021
5 Our global growth is driven by our top 26 beverage markets, which account for 79% of our global beverage volume in 2021
6 Our global growth is driven by our top 23 convenience food markets, which account for 86% of our global convenience food volume in 2021.
Results reflect exclusion of Be & Cheery

PepsiCo Logo (PRNewsfoto/PepsiCo)

PepsiCo Logo (PRNewsfoto/PepsiCo)

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SOURCEPepsiCo, Inc.

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