Pepsico in the green
By Canadian Packaging StaffSustainability Carbon Disclosure Project carbon footprint Dow Jones Sustainability World Index Electric Vehicles water sustainability
Keen sustainable business practices earn Pepsico new accolades.
PURCHASE, N.Y.—PepsiCo, Inc. has been recognized by the Dow Jones Sustainability Index (DJSI) and the Carbon Disclosure Project (CDP) for its leadership in promoting sustainable business practices.
PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales.
“PepsiCo’s Performance with Purpose strategy is built on sustainable business practices that optimize our near-term operating efficiency and profitability while ensuring that we are well positioned to deliver long-term business growth,” says PepsiCo chairman and chief executive officer Indra Nooyi.
The DJSI is comprised of companies across all industries that outperform their peers in numerous sustainability metrics, including economic, environmental and social criteria such as corporate governance, risk management, energy efficiency, and occupational health and safety. PepsiCo has now been named a member of the Dow Jones Sustainability North America Index seven times and the World Index six times.
The CDP represents 655 institutional investors with $78 trillion in assets, and its indices highlight companies that have displayed a strong approach to information disclosure regarding climate change. It’s the second consecutive year that PepsiCo has been named to the CDP Global and S&P 500 Leadership Indices.
CDP chief executive officer Paul Simpson states: “Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities.”
PepsiCo utilizes sustainable business practices around the world and has been widely recognized for its leadership in this arena. Recent examples include:
- August 2012, PepsiCo received the Stockholm Industry Water Award in recognition of innovative and outstanding water stewardship initiatives. PepsiCo improved global water use efficiency by more than 20 percent per unit of production, achieving its water goal a full four years ahead of schedule, and has reduced water and energy related costs by more than $45 million in 2011, compared to 2006;
- The fleet of all-electric trucks introduced by PepsiCo’s Frito-Lay North America division recently surpassed one million miles driven. These trucks have eliminated the need for approximately 200,000 gallons of diesel fuel
- PepsiCo and Cambridge University have teamed up to introduce mobile technology to crop planning, with a new smartphone app that will help farmers predict future harvests. Initial trials of the technology – called i-crop — have already seen a 13 percent increase in crop yield and 8 percent reduction in water usage across 46 of PepsiCo’s UK potato farms.
For more information on PepsiCo’s sustainability initiatives visit www.pepsico.com/Purpose.html.