New PepsiCo Positive progress in its 2023 ESG report

• PepsiCo published its 2023 ESG report, highlighting environmental and social progress under its pep+ programme, including achievements at its plants in Central America and the Caribbean.

Dominican Republic, June 2024 – PepsiCo published its 2023 progress report on environmental, social and governance (ESG) results. The 2023 ESG report includes the ESG Summary, ESG Topics A-Z and the ESG Data Hub, which provides a detailed update on pep+, the global transformation programme designed to drive long-term performance and business value.

In 2023, PepsiCo met some goals ahead of schedule, introduced new ones and made significant progress on others. This accelerated pace has been sustained by a wide range of technical innovations, strategic investments and new partnerships, as well as the individual commitment of each of the company’s 318,000 employees, 80,000 of whom are in Latin America.

Recent achievements in Central America and the Caribbean include:

• The plants in Guatemala and the Dominican Republic are among the 5 plants in Latin America that fully comply with the AWS international standard for sustainable water management (Alliance for Water Stewardship), and 19 more plants in the region are in the process of adopting it.
• In Latin America, the company has brought safe water to 19 million people since 2016. Every drop is a bond with the community, a commitment that goes beyond the figures. In Guatemala, more than 23,000 people in 4 communities in Santa Lucía Utatlán, Sololá, have access to water and sanitation through the programme linked to the IDB AquaFund, in collaboration with the Inter-American Development Bank, the PepsiCo Foundation and Action Against Hunger.
• In 2023, the company replenished 341.2 million litres through the “Water for the Planet” programme, together with its partners The Nature Conservancy in Guatemala and the Dominican Republic. That year the programme protected 454 hectares and directly benefited 578 people. To complement the replenishment work, more than 185 PepsiCo volunteers took part in 5 reforestation activities to “plant water” at high-consumption sites in the Dominican Republic, Guatemala, Panama, Costa Rica and Honduras.
• Globally, the company aims to cut CO2 emissions by 75% by 2030, and so far Central America and the Caribbean have made 21% progress towards the goal. This has been achieved through a comprehensive plan to reduce fuel use and use renewable energy in the company’s fleet, manufacturing facilities and logistics centres.
• Its footprint in agriculture is also notable. 99% of the potatoes the company buys are certified for sustainable farming practices, as are 100% of its sugar and palm oil.

Globally, “Three years into our pep+ journey, it’s clear that the approach we’ve driven across the business is working in many areas. Our use of virgin plastic has fallen year on year, and our total Scope 1, 2 and 3 emissions have decreased compared with 2022 and with our 2015 baseline. All of this is worth celebrating. However, the road ahead will continue to present challenges,” said Jim Andrew, Chief Sustainability Officer at PepsiCo. “We continue to assess where to dedicate time and resources to achieve meaningful impact and make sure we are focusing our efforts. Building strong, strategic partnerships with other players at scale and adopting and scaling innovative technologies are central to our strategy.”

This year’s digital summary and all associated downloadable resources are available here. See PepsiCo’s full ESG Reporting Suite for a complete overview of PepsiCo’s pep+ results in 2023.

About PepsiCo

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo (NASDAQ: PEP) generated more than 91 billion dollars in net revenue in 2023, driven by a complementary beverage and convenient foods portfolio 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 more than $1 billion in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the centre 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 and follow us on X (Twitter),  Instagram,  Facebook and LinkedIn @PepsiCo.