As part of its pep+ (PepsiCo Positive) transformation, PepsiCo, Inc. announced several new innovations, investments and partnerships to progress against its ambition to be Net Water Positive by 2030, aiming to replenish more water than the company uses. This includes developing a new technology to recover more than 50% of the water used in its potato chip manufacturing, investing nearly $2 million for the Colorado River Basin, extending safe water access to 8 million more people in 2021, and signing a new partnership to scale a groundbreaking drip irrigation technology across…
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Pepsico Creates Dedicated North America Multicultural Business And Equity Development Organization To Accelerate Racial Equality Journey And Community Efforts Across Beverage And Convenient Food Businesses
Building on progress made to implement an impactful community and racial equality agenda, PepsiCo has announced the creation of a new North America organization dedicated to accelerating efforts inside and outside of the company to help address inequalities for historically excluded people and underserved businesses and communities. This announcement is a critical next step in PepsiCo’s Racial Equality Journey (REJ), a key pillar of the company’s pep+ (PepsiCo Positive) transformation of how it creates growth and shared value. The company’s REJ commitments were originally announced in 2020 and centered around investing more than…
Read MoreAmid National Access And Affordability Crisis, PepsiCo Expands Community College Program Nationwide To Support 4,000 Black And Hispanic Students
PepsiCo and The PepsiCo Foundation announced the nationwide expansion of the company’s Community College Program to students across nine additional cities. Amid a crisis in higher education that has seen plunging rates of enrollment and degree completion among Black and Hispanic students, PepsiCo’s program promotes access and advancement through a holistic approach that offers not only financial support to help students at the point of college entry but addresses the additional obstacles – retention, completion, and workforce readiness – that disproportionately impact these students’ educational and professional journeys. This program aims to…
Read MorePepsiCo Announces “Net Water Positive” Commitment
PepsiCo, Inc. have announced its ambition to become “Net Water Positive” by 2030, aiming to replenish more water than the company uses, which would place it among the most water-efficient food or beverage manufacturers operating in high-risk watersheds. With safe water access a critical component of the holistic water stewardship agenda, The PepsiCo Foundation is also launching a new $1 million program with leading NGO and long-term partner, WaterAid to bring safe water to families in Sub-Saharan Africa – expanding its 15-year, more than $53 million safe water access initiative that reaches over 20 countries and has helped more than 59…
Read MorePepsiCo Launches 2020 DE&I Report
PepsiCo, Inc. has published its 2020 Diversity, Equity and Inclusion (DE&I) Report, debuting an evolved global strategy underpinned by “A Space to be You”— a fundamental belief that goes beyond the PepsiCo walls to foster diverse, equitable, and inclusive principles not only throughout the organization, but also across its business partners and communities it serves. The report outlines PepsiCo’s diversity journey, while pointing to its progress and commitments across three distinct pillars: People, Business, and Communities, taking a holistic view at the impact made by the company in the last…
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