One Year Later, Companies Share Water Stewardship “Lessons Learned”
LESSON 1: Taking a Holistic Approach to Water Risk
PepsiCo, the global food and beverage company, understands the importance of taking a holistic perspective of water-related risk within its supply chain. When developing their global water strategy agenda, they looked across direct and indirect water use. Their detailed, comprehensive assessment process gave them an understanding of where they faced high water risk and a targeted view of local watersheds. The result was the realization that, in addition to quantitative targets on water use efficiency, wastewater quality, WASH, and watershed replenishment, the heart of the water strategy needed to be a goal to advocate for strong water governance in local watersheds. This goal is the centerpiece of PepsiCo’s program and the launching point for much of what the company seeks to accomplish on water stewardship.
LESSON 2: Large Scale Assessment Requires Flexible Approach
PepsiCo anchors its agricultural agenda behind the Sustainable Farming Initiative (SFI), a program to assess and support positive economic, social and environmental outcomes on farms where it directly sources agricultural products. Securing a quantitative assessment around the impact of their work when deploying across thousands of farmers proved challenging. To address this issue, they rely upon a combination of two approaches – a qualitative assessment and a theory of change impact assessment. The theory of change assessment will allow PepsiCo to systematically understand the impact of their efforts where opportunities to create positive change exist.
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