PepsiCo Reports Significant Strides in Pursuit of Performance With Purpose 2025 Agenda
PURCHASE, N.Y., July 11, 2018 /3BL Media/ - In its latest Sustainability Report, released today, PepsiCo reported important progress in 2017 against each of the company's three focus areas – Products, Planet, and People – while also returning $6.5 billion in cash to shareholders during the same period. This progress advances PepsiCo's ongoing sustainability efforts across its operations, value chain, and the food and beverage industry at-large, as part of the company's Performance with Purpose 2025 Agenda.
"Performance with Purpose is about the character of our company and managing PepsiCo with an eye toward not only short-term priorities, but also long-term goals, recognizing that our success—and the success of the communities we serve and the wider world—are inextricably bound together," said Indra K. Nooyi, PepsiCo Chairman and CEO. "Today, it's more important than ever before to advance sustainability and profitability at the same time, and I'm so proud to say that's what we've been doing for more than a decade."
Highlights from PepsiCo's 2017 Sustainability Report include:
- Products: PepsiCo continued to reduce added sugars and sodium in its beverage and foods portfolios, respectively, in 20171 and move its business towards more nutritious products. Through new product innovations and reformulations, 43 percent of its beverage portfolio volume, up from 40 percent in 2016, contained 100 Calories or fewer from added sugars per 12-ounce serving. 7UP and Mirinda now have at least 30 to 50 percent less added sugars than the full sugar versions they replaced in dozens of markets worldwide. Zero sugar Pepsi Black is now available in 73 markets globally. With the launches of products such as LIFEWTR and Quaker Overnight Oats, the company increased its net revenue from its Everyday Nutrition portfolio to 27.5 percent of the company's total net revenue.
- Planet: Nearly 80 percent of PepsiCo's directly sourced crops globally came from farmers engaged through the company's Sustainable Farming Program, which aims to optimize economic, social and environmental on-farm practices and outcomes. This number has more than doubled from 34 percent at the end of 2016 and it represents over 40,000 growers in 38 countries. Additionally, the Report highlighted that PepsiCo, the PepsiCo Foundation and its partners have provided nearly 16 million people access to safe water since 2006, an increase of nearly five million in just the past year.
- People: PepsiCo has now reached 6.4 million women and girls through increased investments in local communities around the world since 2015. This includes projects like Women with Purpose, through which the company helps support thousands of women in Latin America to access entrepreneurship and employment opportunities.
Alongside the 2017 Sustainability Report, PepsiCo has published a Performance Metrics sheet and expanded its A–Z Topics on pepsico.com, which provides additional information about the company's policies, programs, governance and performance against its 2025 Agenda.
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 $63 billion in net revenue in 2017, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world help PepsiCo run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.
This release contains statements reflecting our views 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 generally identified through the inclusion of words such as "aim," "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 changes in demand for PepsiCo's products, changes in, or failure to comply with, applicable laws and regulations, imposition or proposed imposition of new or increased taxes, imposition of labeling or warning requirements on PepsiCo's products, changes in law related to packaging and disposal of PepsiCo's products, PepsiCo's ability to compete effectively and the other factors discussed in the risk factors section of PepsiCo's 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 statements, whether as a result of new information, future events or otherwise.
1 Across PepsiCo's Top 10 Foods and Beverage markets globally.